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Denmark #29: The future of healthcare, BackingMinds’ investment in NitroVolt & Trendsales acquired by Vinted.

By 18 March 2024No Comments4 min read

Top News

  1. In their latest “Status of the Danish Venture Market 2023” report, EIFO shares that a total of 8.8 billion DKK was invested in 2023. This is a 24% increase from the previous year, despite a general decline in international markets. (link)
  2. Healthcare is changing and AI solutions are being adopted. Matias Salonen, an investor at byFounders, shares his insights on the future of healthcare. (link)
  3. The Nordic fintech sector is one the sectors leading in ESG solutions. A new report reveals how partnerships with climate fintechs are accelerating the green transition beyond traditional financial services. (link)
  4. Gilion mapped out Danish VCs and investors in Denmark. Find the overview here. (link)
  5. According to Pitchbook’s Nordic Private Capital Breakdown 2023’s overall exit value of €1.6 billion declined 72.2% from the previous year. (link)
  6. Female-founded startups reached their highest levels in both deal value and deal count across all of Europe’s funding rounds in 2023. They represented 20.5% of the total deal value and 25.8% of the total deal count. (link)
  7. What should you know and how can you prepare for the EU AI Act? Sifted listed the main points. (link)
  8. This robot can respond to verbal requests in real time while completing physical tasks. The video shows Figure 01, which was trained on a lot of video data in partnership with OpenAI. (link)
  9. Renate Nyborg, former CEO of Tinder has launched Meeno, an app designed to combat loneliness among men. The app will launch in the Nordics, the Netherlands and later in the US, UK and Canada. (link)
  10. Daniel Ek and Martin Lorentzon are backing a longevity clinic in Stockholm. (link)

Latest on Funding

💸 Aarhus University’s Open Discovery Innovation Network project (ODIN) receives 180 million DKK funding from the Novo Nordisk Foundation. (link)

📝 Formalize (formerly Whistleblower Software), a compliance operations platform raised €15 million Series A led by BlackFin. (link)

🧪 Hedia, a therapeutics company for diabetes, raised €3 million in a seed extension from existing shareholders and Business angels. (link)

👓 SynergyXR, a spatial computing and extended reality startup, raised €2 million led by Kvanted with participation from existing investors EIFO, Innovestor, North-East Ventures, and AURA Ventures. (link)

💰 Meo (formerly NewBanking), an AML platform, raised €1.67 million from existing investors Scale Capital and EIFO, and a loan of €1 million from Gilion (formerly Ark Capital). (link)

💚 NitroVolt, creating a nitrolyzer, that produces ammonia without emitting carbon during its process, raised €750K pre-seed from Backingminds, their first Danish investment (link)

🌊 SWÖM, creating smart swimwear, raised €225k in soft funding from the Innovation Fund of Denmark (link)

🤖Signal, an AI startup raised an undisclosed amount from investors including Rune Christensen, Mads Mikkelsen and Simon Bækgaard Christoffersen. (link)

💡 Advalight a medtech company, has raised an undisclosed amount from North Ventures, EIFO and others. (link)

🧤 Trendsales, Denmark’s largest second-hand marketplace, was acquired by Vinted, Europe’s leading secondhand marketplace. (link)

🦀 Decameal will join Rockstart Agriculture 2024 (link)

Latest on Talent

📈 Startup Aarhus launched their Diversity Database, which focuses on the startup context. (link)

⭐️ Line Breckling, previously COO at Startup Aarhus, joins startup Proemial as Chief of Staff. (link)

🤝 spektr appoints Reno Mathews as their new Chief Compliance Officer (link)

🤘 Simon Bøttkjær and Jacob Graubaek Houlberg, previously at PreSeed Ventures, have started their own company Signal. (link)

🤝 Mia Grosen, who sold the Canute program to Thursday, has invested in Focalx (link)

🎤 Nordic Blockchain Association is hosting a Female Blocktech Circle (link)

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