Overwatch AI, a platform that helps pilots, cabin crew and operations managers working on the front lines of aviation find critical information quickly and make fast and efficient operational decisions, has closed a pre-seed round of 1.3 million euros with participation from United Airlines Ventures.
Paindrainer, a Swedish digital therapeutics company based in Lund, has raised €550,000 from existing shareholder Almi Invest, Tramontane Invest, and other existing and new shareholders. The company develops AI-powered digital platforms for chronic pain management, including its flagship PD Care System and the upcoming Relivra product powered by proprietary Artificial Neural Networks.
Qurie, a Freiburg-based startup, secured €2.2 million in funding to develop next-generation electrocaloric cooling systems that operate without compressors, refrigerants or pressure build-up. The technology is more efficient and sustainable than traditional refrigeration systems, with theoretical efficiency over 80% compared to 50% for traditional compressors.
NEX Health Intelligence, a healthtech startup, has raised €1 million in pre-seed funding to develop an AI-powered infection intelligence platform designed to help hospitals detect, predict and prevent healthcare-associated infections. The platform has already supported infection safety across more than 40,000 patient admissions internationally and is currently working with NHS organisations in the UK and hospitals in Southeast Asia.
LEADBAY raised €3.8 million to revolutionize sales intelligence by moving beyond traditional data sources like LinkedIn profiles, job postings, web traffic, technology stacks, marketing campaigns, and social media activity to capture a larger portion of the real economy.
Exhibitly, a Ghent-based EventTech startup, raised €1.4 million in pre-Seed funding to expand its AI-powered personalisation platform for B2B events. The platform uses AI to create personalised experiences on event websites, increasing conversion rates by 10-20 times compared to standard event websites. The company has already signed 114 events globally and is cashflow positive.
ICO, through its venture capital subsidiary AXIS, has approved an investment of 3.67 million euros in KD, a Spanish microelectronics company focused on high-speed optical communications technology that enables reliable and efficient transmission of large data volumes in adverse environments
Salt & Fiber, a Malmö-based ClimateTech startup, has secured €300k in pre-Seed funding to scale its technology that transforms beach-cast seagrass into sustainable textile yarns. The company simultaneously launched a €45,000 crowdfunding campaign. The solution addresses coastal waste management (municipalities currently landfill seagrass) and the sustainability challenges of conventional textile production by creating biodegradable, plant-based fibres that require no fresh water, fertilizers, or land. The company is in pilot production, has a supply agreement with a Swedish municipality, and is part of the Älmhult x IKEA incubator, targeting commercialization between 2027-2028.
IT Genetics, a Romanian IT company specializing in digital automation and operational efficiency solutions, listed on the Bucharest Stock Exchange AeRO market on May 20, 2026 under the ticker ITG. The company raised 5.2 million lei through a private placement to support international expansion and business development. Operating in Romania, Hungary, Bulgaria, Spain, and Italy, IT Genetics serves over 20,000 companies across retail, logistics, manufacturing, e-commerce, and HoReCa sectors.
Danish biotech startup Alcolase raised €1.5 million to develop an enzyme-based technology that breaks down alcohol in the stomach before absorption, targeting the 540 million people in East Asia with ALDH2 deficiency (genetic alcohol intolerance). The company plans to launch in Singapore and South Korea, with a UK subsidiary supporting therapeutic drug delivery development.