Danish Biotech Startup Alcolase Secures €1.5M to Develop Enzyme Treatment for Genetic Alcohol Intolerance

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.

Lake Como Venture Lab Opens Applications for Free Deeptech Accelerator in Italy

Lake Como Venture Lab is a new accelerator program launched in Lecco, Italy, focused on deeptech startups in mechatronics and medtech. The program is coordinated by Confindustria Lecco and Sondrio in partnership with Politecnico di Milano and supported by the Chamber of Commerce Como-Lecco. The program is free and equity-free, offering 12 months of housing, laboratory access, scientific mentorship, business training, and direct access to the industrial ecosystem. Applications are open until June 30.

Hyundai’s 42dot invests 1 million euros in Romanian automotive software startup OxidOS Automotive

OxidOS Automotive, a Cluj-based Romanian startup that develops software development tools and operating systems for the automotive sector, raised 1 million euros from Hyundai’s 42dot unit. The company creates platforms that enable automotive manufacturers and integrators to implement software safely and securely faster by reducing development, debugging, and certification time. This investment follows a 1.2 million euro seed round led by Early Game Ventures in 2022.

Bounce Watch Secures Bridge Funding to Advance AI-Powered Private Market Intelligence Platform

Bounce Watch is a signal-based AI platform for private market intelligence founded in 2023 by Cem Otkun and Sedat Yusuf Ergunes. The platform continuously monitors company activity, detects emerging signals, and generates actionable insights for investors, corporate venture teams, M&A teams, and other enterprise users. The company has evolved into a three-product ecosystem and completed a pre-seed funding round at a €2.5 million valuation, followed by a bridge round with existing investors.