Gainable, founded by Rickard Hansson, is a platform that generates functional applications from spreadsheets and integrated data sources, eliminating manual data work. The tool connects to multiple systems like Google Sheets, Excel, and HubSpot, creating tailored apps for operational workflows.
Swedish startup Flox Intelligence, which has sold hundreds of units in North America, recently won a $1 million prize from a major US accelerator and is now focusing on aggressive expansion in the US market. Founder and CEO Sara Nozkova emphasizes the challenges of operating in the US business environment.
Oxylabs, a Vilnius-based data infrastructure platform, raised €113.6 million from Warburg Pincus at a €3.1 billion valuation. This marks its first external investment since 2015 and positions it as a leader in AI-era web intelligence. Funds will accelerate product development, global expansion, and strategic acquisitions.
Favro, a Swedish SaaS company based in Uppsala, was declared bankrupt after a failed investment in Lithuania. The company had raised over 40 million SEK in venture capital. Founder Patric Palm plans to repurchase the business.
Proserve, a Dutch managed hosting company, highlights that only 10-15% of its clients have robust disaster recovery systems. The discussion with Dawn Technology’s CTO Ivo Jansch and others addresses cloud sovereignty, vendor lock-in, and the risks of relying on hyperscalers. A data center fire in Almere is cited as a wake-up call for businesses.
Swedish SaaS startup Lovable is in advanced talks to secure a $300 million funding round at a $13.2 billion post-money valuation, with participation from major global investors.
Lisbon-based BIZAY, a technology platform for customized products, raised €48.75 million in Series D funding led by Indico Capital Partners. The company is on track to surpass €87.4 million in revenue and achieve profitability for the first time. Funds will support expansion in the US, market consolidation, and AI-driven infrastructure development.
TechnologyWire, a tech-focused press release distribution platform, launched to help startups gain visibility by providing direct access to major tech and specialized media outlets. The platform automates media outreach, optimizes content for SEO and geolocation, and integrates with tech publishers to streamline publication.
The outgoing CEO of Welcome to the Jungle has joined Alan, a French tech company.
RAMIS STEEL COMPANY SRL finalized a digitalization project funded by the EU’s PNRR program, receiving 242,757.20 RON in non-repayable funding to modernize operations and adopt digital technologies.