Top News

1. byFounders’ 2023 report on the New Nordics shows that the region remains an attractive location for non-New Nordic VCs and investors. Read their findings here. (link)
2. 20 founders are forming an interest group to build a baseline framework for a startup political organization. The goal is to bring in more founders and establish the organization by the end of the quarter. (link)
3. Ulla Brockenhuus-Schack, Founder and Managing Partner at Seed Capital, shares her thoughts on the challenges and opportunities in 2024. (link)
4. Uli Grabenwarter, Director of Equity Investment at the EIF believes European VCs should start investing soon. Find the full interview with Sifted here. (link)
5. OpenAI launched its GPT store where you can browse the store for custom chatbots that provide a wide range of services. (link)
6. Climentum Capital, focusing on scalable climate technologies, is preparing for its second fund. (link)
7. Labster co-founder Mads Bonde and former Just Eat CEO Klaus Nyengaard will discuss their experiences of growing a company in Denmark at the Unicorn Academy. (link)
8. The first to-go cup deposit machine was introduced in Aarhus. This initiative, a collaboration with TOMRA and the City of Aarhus, addresses the problem of disposable coffee cups. (link)
9. Startup Aarhus has launched a newsletter digest, featuring the latest news and updates on funding rounds in Aarhus. (link)
10. Pleo launched a report showing business spending in Europe. Here are their main takeaways from Q3 data. (link)

Latest on Funding

💰 Sandwater, a Norwegian VC focused on impact companies, raised 1.4 billion NOK for their early-stage venture fund, from EIF, First Swedish National Pension Fund (AP1), LGT, Nysnø, Investinor, family offices of Canica and Lærdal and others. (link)

🦾 1X, the Norwegian AI robotics company, raised $100 million Series B led by EQT Ventures and joined by Sandwater, Samsung NEXT, Skagerak Capital and Nistad group. (link)

💻 Keepit, a data protection provider, announced HSBC Innovation Banking in collaboration with EIFO provided €35.5 million. (link)

💰 Kost Capital closed its first fund of €25 million, planning to invest in pre-seed and seed startups across Europe focusing on the future of food. (link)

💳 kompasbank, a platform assisting SME’s by providing quicker access to financing, advisory services and digital solutions, raised €10 million. (link)

📚 We Are Learning raised €3 million led by Dreamcraft Ventures, joined by existing investors Sondo Capital and Skyfall Ventures. (link)

🎭 Artelize, a platform for the performing arts, raised €1 million in pre-seed funding led by Bjørn Bruun and Peter Jakobsen, participated by other angel investors. (link)

⚡️ FLEXeCHARGE, a solution for electric vehicle charging, raised an undisclosed amount from Greencode Ventures, Link Capital and Vireo Ventures. (link)

Latest on Talent

📣 New: Headhunter service for founders and startups on TheHub. (link)

✉️ Phillip Chambers joins Orbex as CEO, a space rocket manufacturer based in Hvidovre with production and design facilities in Denmark and the UK. (link)

🎙️ KvindeKompagniet launched a podcast series where they’ll interview female entrepreneurs and role models. (link)