Belfast‑based fund manager Whiterock deployed €82 million, backed by the British Business Bank, to accelerate the growth of SMEs in Northern Ireland. The capital is split between its Growth Capital Fund and Investment Fund for Northern Ireland, targeting a range of sectors and aiming to create jobs and foster innovation across the region.
Polish satellite‑communication solutions provider Thorium Space presented its new strategy, emphasizing the development of its own technologies and IP for the SATCOM market and targeting the first revenue from its core technology in 2028.
Swedish VC firm Sprints, which previously bought the profitable flight‑tracking service Flightradar24, has raised a new 8 billion SEK fund and is now looking for its next acquisition.
Favro, a planning and collaboration tool, was forced into bankruptcy earlier this year. Its founder Patric Palm has now repurchased the company, and it appears that a significant portion of its debts can be settled. Palm said he wants to give the business another chance.
US medical‑device giant Stryker is investing $400 million in UK‑based surgical‑robotics startup CMR Surgical and has secured an option to buy the company outright, providing the startup with capital to expand its platform and reach new markets.
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.
German energytech unicorn 1KOMMA5° reached a $1.35 billion valuation after its latest financing round and will spend over €100 million on its Heartbeat AI energy‑management platform, with plans to expand into the United States and consider a future IPO.
Polish startup SmartLunch aims for a rapid debut on the Warsaw Stock Exchange’s main market within the year, having submitted its prospectus and signalling intentions to acquire other companies to accelerate its expansion.
Channable analysed 10,000 online retailers and found that about 75 % score below six on AI‑shopping readiness, mainly because product feeds lack detailed attributes. To address this, the Dutch multichannel SaaS company launched an AI Readiness Audit tool that evaluates and helps merchants improve their feed data for Google’s AI shopping features, just ahead of the peak shopping season.
Matilda Lundblad, who founded the healthcare startup Kollarna and later led Doktor.se, has taken the role of group CEO at Medtanken, a Swedish healthcare conglomerate with annual revenue above 1 billion SEK.