Finland

Finnish Startup Ambio Secures €5.1M Seed Round to Scale AI-Powered Recycled Plastics Marketplace

by

Finnish startup Ambio, founded in February 2023 by former Slush team members, has closed a €5.1 million seed round led by b2venture with participation from Montis and Lifeline Ventures. The funding will be used to expand its AI‑driven end‑to‑end platform that streamlines the procurement, quality verification and trading of recycled plastics, aiming to create a trusted marketplace for recycled materials across Europe.

ICEYE and Nokia Partner to Build Sovereign LEO Satellite Communications for European Governments

by

Finnish space tech startup ICEYE has teamed up with Finnish telecom giant Nokia to create sovereign LEO satellite communication networks for government and defence use, aiming to provide high‑throughput, low‑latency connectivity that nations can fully own and control, with the first satellites slated for launch in 2028.

Finnish AI Startup Comparables.ai Secures $6 Million Seed Funding for Global M&A Platform Expansion

by

Finnish startup Comparables.ai secured a $6 million seed round led by Pragmatech Venture Capital and Araya Ventures to scale its AI‑driven M&A intelligence platform, which already serves over 50,000 professionals in more than 30 countries, and to enhance its AI engine for broader global deployment.

Finnish Rail Tunnel Developer FEBAY Taps Family Office Capital for Helsinki-Tallinn Infrastructure Project

by

Finest Bay Area Development (FEBAY), the Finnish developer of the proposed Helsinki‑Tallinn rail tunnel, has teamed up with Finna Family Office to launch a Luxembourg‑based infrastructure fund that will channel long‑term family‑office capital into the tunnel project, aiming to start operations by 2035.

Wero Expands European Payment Network With New Madrid-Based Joint Venture

by

Wero, a European payment platform, is expanding its network as payment providers from several Southern and Northern European countries will connect via a new joint venture based in Madrid. The initiative will allow seamless cross‑border payments for consumers, such as sending a Tikkie abroad or paying online without a credit card, and aims to increase Wero’s reach despite challenges in markets like Germany.