Funding

Startups that secure venture capital (VC) funding exclusively from abroad risk devaluing their startup, according to new research by emlyon business school.

Nordic Foodtech VC, an early-stage investor based in the Nordics, has announced the first closing of its second fund at €40 million. The final target size for the fund is €80 million.

Kumulus Water, the watertech startup that is transforming air into clean drinking water, has successfully raised €3.1 million in seed funding.

Finnish medtech startup AIATELLA has secured €2 million in funding to accelerate the development and scaling of its AI-powered cardiovascular imaging technology.

British modelling and simulation software company Skyral has announced that it has raised $20 million in a Series A funding round led by European venture capital firm NOIA Capital.

An innovative AI-driven shopping platform founded by a former Dragons’ Den contestant is aiming to raise £2 million through Crowdcube.

Treefera, the AI-enabled data fabric for supply chain resilience, has announced that it has raised $30 million in Series B funding to drive product development and expansion across North America, APAC, and Europe.

Spanish startup Dedge Security has raised a €4 million seed funding round, led by venture firm Tritemius, to strengthen its position as a leading security platform for developers and companies building on Web3.

deepdots, the end-to-end AI platform for streamlining customer feedback analysis, has raised a €5.5 million seed funding round led by Dawn Capital, one of Europe’s specialist B2B software investor, with participation from Maki.vc and angel investors including Geeta Schmidt (former CEO and Co-Founder of Humio).

LovOn, a US-based AI-powered bonding platform for couples, raised $850,000 in pre-seed funding to launch the most human-like AI coach designed to help couples navigate their relationship challenges, from intimacy to domestic conflicts.

Inven, a Finnish technology company building an AI-native deal sourcing platform to uncover the full global private market, has announced the closing of a $12.75 million (€11.2 million) series A round.

Bloq.it, the smart locker company providing end-to-end services for out-of-home delivery and e-commerce businesses, has recently closed a €28 million Series B round.

Alba Health, a Swedish and Danish gut health startup, has raised a $2.5 million seed funding round to advance its innovative approach to digital gut health support for children. The round was led by Unconventional Ventures, with participation from Exceptional Ventures, as well as continued investment from Voima Ventures, Noaber, Bust, and Petteri Lahtela (co-founder of Oura).

Swedish startup Alrik, the fast-scaling platform transforming construction logistics, has raised a new funding round led by Nordic-VC People Ventures, with Pi Labs doubling down on their investment.

Bloobloom, the designer eyewear brand, has raised £3m in a follow-on funding round to facilitate the rollout of European retail stores and expand its online presence in the US.

Surgify Medical, a Finnish medical technology company focused on improving the safety and precision of bone surgery with its Surgify Halo technology, has successfully raised €7 million in Series A funding.

PiLogic announces the closing of a $4 million seed round to expand its footprint in the aerospace and defence industries to upgrade rules-based systems with the power of exact AI.

adeus, a digital-first wills and legacy planning platform developed by Mankind Technologies Ltd, has been awarded a £500,000 Smart Grant from Innovate UK, the UK government’s innovation agency. The funding will accelerate the development of proprietary technology to support the introduction of electronic wills in England and Wales.

Gresham House Ventures has led a £3.9 million investment round in workplace pension provider, Penfold, alongside existing investors.

Despite a complex global landscape, angel investors are planning to invest more in startups in 2025 than last year, with cautious optimism the prevailing mood. This is the key finding from the latest global survey of investors from Angel Investment Network (AIN), the global online angel investment network.