UK edtech startup Medly AI secured an $8 million seed round led by Felix Capital, with participation from Eka Ventures, Ada Ventures and several angel investors. The funding will be used to scale its AI‑driven exam‑preparation platform, which already serves over 400,000 UK students, and to expand into international markets such as the US.
Edinburgh‑based semiconductor startup Singular Photonics secured $2.15 million in a funding round led by ACF Investors, with participation from several angels and regional investors, to boost its SPAD‑based image sensor technology and grow its engineering team.
The employee experience startup has secured new funding from Notion Capital, HV Capital and L-Bank as it looks to bring AI tools and digital access to workers in retail, manufacturing, logistics, care and other frontline industries. Flip, an employee experience software company focused on frontline and deskless workers, has raised €22 million in new funding … Read more
Swedish foodtech startup Millow, founded in 2020 in Gothenburg, secured €2 million in a funding round led by angel investor Magnus Emilson, with Vitamin Well co‑founder Jan Enhager joining as investor and strategic adviser. The capital will be used to increase production capacity of its low‑water mycelium protein ingredient and strengthen its commercial team to target Nordic foodservice customers.
Dutch dictation‑app startup Wispr secured $280 million of growth capital after a $30 million Series A, pushing its valuation to $2 billion. The round involved existing, new and private investors. The company, led by CEO Tanay Kothari, also launched a meeting‑transcription app called Notetaker and claims rapid quarterly revenue growth with a base of 100 k business users.
Swedish truck‑technology startup Einride published its first financial report, revealing a significant loss driven in part by expensive advisory fees.
Lithuanian femtosecond‑laser startup LITILIT secured an €8 million loan from the national development bank to launch a €10 million project that will enable mass production of high‑power femtosecond lasers and the rollout of its modular FEMODA system.
QuantumLight, the venture capital firm created by Revolut co‑founder Nikolay Storonsky, closed a $500 million second fund, twice the size of its first fund, to back high‑growth tech companies across AI, crypto, fintech, SaaS and healthtech. The fund is managed by CEO Ilya Kondrashov and will use an AI‑driven selection platform called Aleph to pick investments.
Swedish accounting‑software provider Fortnox has committed 50 million Swedish crowns to the Stockholm School of Economics for a decade‑long research initiative that will investigate the factors behind successful companies.
Wealins, a finance firm based in Luxembourg, took a significant equity position in the Swedish outdoor apparel startup Revolution Race by acquiring shares from its founders, as reported by Dagens industri.