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.
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, 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.
Fortum, the Finnish energy group, became a limited partner in Norrsken Evolve’s €62 million pre‑seed fund, reinforcing the fund’s mission to accelerate startups that drive Europe’s transition to clean electricity and industrial decarbonisation.
Finnish startup Verda has raised billions of euros, becoming a unicorn, and will construct a large data centre in Sundsvall, Sweden, backed by investors such as By Founders, to support faster AI development.
ESA chose the ARISE consortium, headed by Finnish startup ICEYE, to develop a concept for a European sovereign Earth observation system for government use.
Finnish space‑tech startup ICEYE signed a partnership with Japanese insurer Sompo Japan to provide its Flood Insights SAR satellite data, helping the insurer speed up flood‑damage assessments and claims processing as part of Sompo’s Hikeshi DNA 2030 resilience project.
Finnish defence‑tech startup Creoir raised a €2 million Seed round led by Swedish VC Gungnir Capital to expand its on‑device voice AI technology for European defence operators, aiming to bring its EdgeVUI and Operator Assistant solutions to market faster.
Linehub, a European performance‑marketing network comprising brands such as Daisycon, Affiliprint and Sovendus, announced the hiring of Bart Zoetmulder as Group Director Sales. In his new role he will strengthen the commercial organisation, improve collaboration across the group’s labels and drive new‑business growth as the company targets €100 million in revenue within the next two to four years. The move reflects Linehub’s ambition to expand internationally and reduce reliance on large tech platforms.
Finnish quantum‑technology startup S‑Transistors secured €2.6 million in pre‑seed financing, led by Lifeline Ventures, to build superconducting transistors for cryogenic quantum computers, aiming to create a wafer‑scale multiplexer that brings control electronics closer to the quantum processor.