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Denmark #22: Venture Breakfast at Slush, AI platform BeCause raised €1.75 million & climatetech Again raised $10 million.

By 2 December 2023February 12th, 2024No Comments3 min read

Top News

  1. VCs and founders gathered before the opening of Slush at Schibsted in Helsinki co-hosted by Schibsted, Snö Ventures, Inventure, Dreamcraft Ventures, 2150, Spintop Ventures, Schibsted, StartupLab, and Mesh Community. (link)
  2. Atomico’s Annual State of European Tech report is out. One highlight is that the total capital invested in the EU is predicted to reach $45 billion, showing a steady growth trajectory in the past decade in Europe – minus the 2021 level. (link)
  3. The last CPH Townhall of 2023 is happening next week, featuring Julie Koch Fahler (Agreena), Jennifer Montague (Onomondo), Stine Mølgaard Sørensen (Alliance VC), Dennis Green-Lieber (Neurons) and Nico Blier-Silvestri (Dreamcraft Ventures). (link)
  4. “Don’t be a Microsoft”. Benchmark took the stage with four partners at Slush this year talking about their strategy, and their thoughts on AI. Read more on Tech Crunch. (link)
  5. Casper Wilstrup, CEO of Abzu and Lars Fløe, Nordic Maker’s investor and co-founder of Sitecore, two AI experts, discuss what happened at OpenAI. (link)
  6. Germany approved changes to frameworks for share-based compensation, listing companies and taxation that will help its tech startups compete with Silicon Valley. (link)
  7. Bill Gates on the impact of AI agents in different industries. (link)
  8. Peter Hede, Partner at Nordic Eye on the pricing and discounts of secondaries. (link)
  9. The 30 European Deeptech companies that were picked for the Nato accelerator. (link)
  10. Cyberattacks can happen to everyone. Eagle Shark hosted a session on crisis management concerning cyber-attacks. (link)

Latest on Funding

🧪 NMD Pharma, biotech company, raised €75 million in a Series B round, led by Jeito Capital, joined by Novo Holdings, Lundbeckfonden BioCapital, INKEF Capital, and the Roche Venture Fund. (link)

☁️ Factbird, a cloud-based manufacturing intelligence solution, raised $16 million from Expedition Growth Capital and EIFO. (link)

🌱 Again, a climate tech startup raised a $10 million seed round from ACME, GV (Google Ventures) and Atlantic Labs. (link)

⚡️ Hyme raised €8 million from existing investors Heartland A/S, Nordic Makers and North-East Ventures along with new investor VÅR Ventures. (link)

♻️ BeCause, an AI-powered platform for sustainability management, raised €1.75 million seed round, led by Ugly Duckling Ventures and along with Sean Brown, Sean Evans and Patrick Patrong. (link)

🥗 Tempty Foods and PlanetDairy secured funding from The Foundation for Plant-based Foods (Plantefonden) which will be committing 58.2 million DKK to 36 different projects. (link)

🚢 Frugal Technologies, specializing in fuel optimization, received a strategic investment from Emerson. (link)

🖥️ Preo, a digital sales platform for the events industry, raised 1.1 million from a syndicate through Keystones and existing investors. (link)

Latest on Talent

📱 Mia Wagner is the new Minister for Digitalisation and Gender Equality. (link)

🌱 Michael Hansen becomes the new Director of FST Growth after 3.5 years at DanBan. (link)

🤝 Louise Sletting is appointed Deputy Director at Dansk Erherv. (link)

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