Avatar photoLars Eriksson

Lars is a Stockholm-based correspondent specialising in Nordic and Baltic innovation. He has followed the rise of the Scandinavian startup scene since its early days, with a particular focus on cleantech, hardware and deep tech ventures emerging from Sweden, Denmark, Finland, Norway and the Baltic states.

Adform Partners with IAB Tech Lab on Open Standard for AI-Driven Advertising

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Adform and IAB Tech Lab are working together on AAMP 2.0, an open protocol that builds on existing standards like OpenRTB and adds new components for AI‑driven advertising agents. Adform has already integrated the framework into its European media‑buying platform FLOW, allowing advertisers and agencies to control campaigns with AI tools such as Claude, ChatGPT, and Microsoft Copilot. The partnership aims to ensure interoperability, safety, and scalability of AI agents across the ad tech ecosystem.

Verda Secures €22 Million InvestEU-Backed Loan to Expand AI Cloud Infrastructure

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Verda, a Helsinki‑based AI infrastructure startup, obtained a €22 million loan from the Nordic Investment Bank, backed by InvestEU, to buy GPUs and expand its renewable‑powered data centres as it scales its AI cloud services after raising €102.5 million earlier in the year.

Ukrainian Defence-Tech Platform Launches €50 Million European Fund Based in Estonia

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Ukrainian defence‑tech platform Resist.UA announced the creation of a €50 million European fund, Resist 2.0, registered in Estonia. The fund aims to channel qualified international investors into Ukraine’s rapidly growing miltech sector, focusing on early‑stage, battlefield‑tested teams and reinvesting returns to further scale the ecosystem.

Swedish AI Satellite Startup Terra Labs Reports Tenfold Business Growth

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Terra Labs, originating from one of Sweden’s leading tech successes and supported by a heavyweight investor trio, has experienced a tenfold increase in its business. Its AI‑driven satellite imaging technology is now drawing interest from forestry companies eager to adopt the solution. The article highlights the company’s strong financial results and optimistic outlook.