Funding · 08 Sep · EUR 1.1M
Musselfeed has received just over 12 million SEK in capital over the past year to avert bankruptcy.
Hire · 08 Sep · —
Mathias Sjögren has been appointed as the new CEO of Musselfeed, taking over from interim CEO Olivia Westerström.
Launch · 08 Sep · —
Musselfeed is planning a larger launch of a new mussel powder for cooking, following successful tests.
Funding · 07 Sep · EUR 543K
Novaturas increased its share capital by issuing new shares, raising 543 thousand euros to strengthen its capital base and support business development.
Hire · 04 Sep · —
Kjersti Hobøl joins the board of Villoid, a technology company in the fashion sector, aiming for significant revenue growth.
Exit · 03 Sep · —
eComID has acquired Nilum to enter the recommerce sector after raising €14.6 million in a Seed funding round.
Launch · 02 Sep · —
Marytė retail announced its launch, aiming to compete in the low-price retail segment.
Launch · 02 Sep · —
Hakola Huonekalu launched a new self-assembled sofa designed for easier transport and online sales, aiming to strengthen its market position and expand into exports.
Exit · 02 Sep · —
Novaturas' stock rose over 21 percent after the confirmation of a mandatory takeover bid from its major shareholder.
Launch · 02 Sep · EUR 2.5M
Venipak is investing more than 2.5 million euros into infrastructure development and modernization in Lithuania and other Baltic States, including the opening of a new terminal in Klaipėda and enhancements to its logistics capabilities in Kaunas and other locations.
Launch · 31 Aug · EUR 5.0M
Marytė retail is launching a new retail chain in Lithuania, planning to invest up to 5 million euros in expansion and create over 200 jobs.
Launch · 31 Aug · —
Sóley is a new plugin that connects directly to travel service booking systems, allowing users to receive accurate information and make bookings without intermediaries.
Launch · 31 Aug · —
The Soft Drink Company launched a new soft drink production line for Klaki in Hafnarfjörður, marking the first new factory of this scale in over 20 years.
Funding · 28 Aug · EUR 8.2M
Atoire has raised 9.5 million dollars in a funding round to connect luxury factories directly with customers, selling high-quality handbags and clothing at lower prices.
Launch · 28 Aug · —
Arket will open its first store in Vilnius on August 28, marking its entry into the Lithuanian market.
Hire · 27 Aug · —
Yook Production has appointed Andres Kangur as the new sales manager, responsible for global sales activities and product development.
Hire · 25 Aug · —
Álfheiður Ágústsdóttir has been appointed Deputy CEO of Travel Connect, strengthening the management team for the company's growth phase.
Launch · 24 Aug · —
Storesprint aims to expand its digital platform to serve 5,000 stores in the Nordics and Northern Europe.
Hire · 24 Aug · —
Jonas Idström has been appointed as the Commercial Director of Reitan Convenience Finland, leading the transformation of R-kioski into the new Ärrä concept.
Launch · 24 Aug · —
Åhléns and Sokos are expanding their procurement cooperation, making Åhléns products available in Sokos department stores and online.
Funding · 21 Aug · —
Suomisen Maido underwent two funding rounds, with shares transferred to about 400 private individuals, and included new shareholders Hämeenlinnan Osuusmeijeri and Heino Group, each holding a 10% stake.
Launch · 20 Aug · —
Bolt has launched its shared bicycle service in central Riga and nearby areas, with plans to expand based on demand.
Funding · 20 Aug · EUR 334K
Kompare has secured nearly 2.5 million kroner in funding from a syndicate of business angels, primarily from Snowii's investor group.
Launch · 19 Aug · —
Coolstuff has revamped its product range to focus on personalized gifts, moving away from quirky gadgets, and plans to invest more in this category throughout 2026.
Launch · 19 Aug · —
Villoid launched Villoid.no as a Norwegian online store after changing its business model.
Exit · 19 Aug · —
Venture Design is acquiring the remaining 70 percent of Dangarden after significant sales growth.
Launch · 17 Aug · —
Hook is planning to expand its restaurant chain to Dubai, following its first international opening in Fuengirola, Spain.
Funding · 17 Aug · EUR 636K
Denjo Dogs has raised nearly 7 million kronor from various investors including Backing Minds.
Launch · 13 Aug · —
Haypp Group has launched a new automated warehouse north of London to handle increased volumes and shorten delivery times.
Launch · 13 Aug · —
Óskaskrín has launched a new digital gift card solution that combines a wide variety of stores and service providers into a single gift card.
Funding · 13 Aug · EUR 2.0M
Millow has closed a €2 million funding round to scale clean-label protein made from oats and mycelium.
Launch · 12 Aug · —
Launch of Hairmagic Production, a company focused on processing natural Slavic hair and creating hair products.
Launch · 12 Aug · —
Atedaktare.lt launched as an e-commerce brand during the pandemic, focusing on dietary supplements and aiming to help doctors and patients.
Hire · 12 Aug · —
Johanna Axén has been appointed as the new CEO of Djerf Avenue, taking over from the temporary CEO Nanna Hedlund.
Launch · 12 Aug · EUR 25.0M
Allas Pool is expanding to Tallinn with a new sea spa project, backed by a 25 million euro investment budget, in collaboration with the Estonian real estate development company Kapitel.
Exit · 11 Aug · EUR 63.8M
Revolutionrace acquired Icaniwill in a deal valued at 700 million SEK.
Funding · 11 Aug · EUR 6.5M
Entravel Group has raised $7.5 million in a funding round co-led by Ethereal.
Launch · 11 Aug · —
Peetri Pizza expands its express pizza offering to 42 Alexela service stations across Estonia, marking the largest expansion in its history.
Funding · 10 Aug · EUR 7.8M
Edgify has secured $9M in funding to expand its edge AI platform.
Hire · 09 Aug · —
Guðmundur Árni Ólafsson is the Operations Manager and one of the founders of GreenKey, a company specializing in operational services for hotels and accommodations.
Exit · 07 Aug · —
Happy Hydrate has been acquired by a group of investors due to significant debts.
Exit · 06 Aug · —
Ringy acquires Upgreat, the largest retailer of refurbished smart devices in the Baltics.
Launch · 05 Aug · —
Santas Sky Oy is launching a new year-round tourist destination named Halo Arctic Island in Hailuoto, with construction set to begin this fall and expected to welcome guests in June 2027.
Hire · 05 Aug · —
Cliff Angland took on the role of CEO as a graduation gift, leading to a significant increase in sales.
Launch · 04 Aug · —
GreenKey specializes in operational services for hotels and accommodations, focusing on optimizing daily operations and developing technological solutions.
Launch · 03 Aug · —
Najell opened its first two own stores in Copenhagen and Oslo as part of its expansion strategy.
Launch · 03 Aug · —
Hudson Leogrande launched Comfrt, a loungewear and home clothing company, which is on track for an annual revenue of 1 billion dollars.
Launch · 02 Aug · —
BLOUIT TORDIKÜÜNLAD OÜ launched their edible cake candles, now available in several stores, transitioning from a school project to a profitable business.
Launch · 01 Aug · —
Launch of 'Space Snacks', protein-enriched snacks inspired by the European Space Agency, set to reach consumers in August.
Launch · 01 Aug · —
Veski Teod has launched Estonia's first snail farm, producing snail vodka and exporting to Ireland, and has partnered with two restaurants.
Funding · 30 Jul · EUR 523K
Mimir has raised a $600,000 pre-seed round to expand AI automation for e-commerce brands.
Launch · 29 Jul · —
Vinted is conducting early-stage tests in the U.S. with encouraging initial results.
Launch · 29 Jul · —
Bolt has launched a new feature allowing users to book rides through the ChatGPT AI tool, making it the first mobility service platform in the EU to integrate this capability.
Launch · 28 Jul · —
Kidstoys.lt offers a range of toys for children, focusing on quick delivery and a unique business model that keeps stock on hand.
Launch · 27 Jul · —
Framery launched the Gradus product line developed for the North American market, with successful sales beginning, expected to impact revenue significantly no earlier than the first half of 2027.
Launch · 23 Jul · —
Basa pėda has launched a new physical store and warehouse at the Peace Business Park, enhancing their online store operations with a convenient location for customer service and logistics.
Launch · 23 Jul · —
Būsto stilius is launching operations at the Peace Business Park, focusing on selling construction and finishing materials with a new physical space for product exhibition and customer consultation.
Launch · 23 Jul · —
Liberty Now has developed a new solution for remote-controlled postal services in stores, allowing customers to pick up packages after hours.
Launch · 21 Jul · —
Testing of a new AI technology for self-service checkouts in Rimi stores in Lithuania, aimed at improving product recognition and shopping efficiency.
Launch · 21 Jul · —
Sowilo launched its Shopify app for the Catecut platform, enabling global access for online retailers.
Launch · 21 Jul · —
Bursalad intends to open a second location with a different concept.
Funding · 21 Jul · —
Sowilo raised pre-seed funding to expand its AI-powered fashion product intelligence platform, Catecut, and support the global launch of its Shopify app.
Exit · 20 Jul · EUR 1.3M
Hoppekids acquired the assets of the Danish children's furniture manufacturer M. Schack Engel for 1.3 million euros, which will strengthen its competitiveness in the European market and expand production in Latvia.
Exit · 18 Jul · —
Happy Hydrate has been sold to a group of investors for 300 million krónur.
Launch · 17 Jul · —
UAB „Hautica“ officially opened its new factory and administrative premises in the Kaunas Free Economic Zone on July 17.
Launch · 17 Jul · —
Prime Prometics was designed with North American clients in mind from the start, focusing on high standards of quality, speed, and reliability.
Exit · 16 Jul · EUR 2.3M
Vetted Assets acquires 70% of Criss Bellini for 25 million kronor.
Launch · 16 Jul · —
Mylla connects local farmers directly with consumers and achieved a net revenue of SEK 24 million in 2025, turning profitable.
Launch · 13 Jul · —
By Banoo launched a wholly-owned American subsidiary, By Banoo Inc., and began selling at Nordstrom and Bloomingdale's, marking their entry into the US market.
Funding · 13 Jul · EUR 453K
By Banoo raised an additional 5 million kronor in funding to support growth and marketing efforts, with a valuation of over 32 million kronor.
Launch · 03 Jul · —
Launch of 'Icebreaker', a digital travel app for tourists in Iceland.
Launch · 02 Jul · —
Lovisa Worge launches a new e-commerce brand Lagni focused on sunglasses and accessories with her boyfriend Gullek Nilsen.
Hire · 29 Jun · —
Fredrik Rinaldo joins Prac as a co-owner, bringing expertise from Front Agency to enhance marketing and growth.
Launch · 26 Jun · —
Perfat Technologies unveiled a high-fibre oleogel made from sunflower oil as a solid-fat alternative for food manufacturers.
Hire · 25 Jun · —
Barma has brought in former EQT partner Kasper Grundtvig Knokgaard as an investor to accelerate growth in Europe.
Launch · 16 Jun · —
Bolt is launching an autonomous mobility pilot programme in Luxembourg.
Exit · 08 Jun · —
Vetted Assets acquired 51% of Andy Okay, an e-commerce platform selling art and connecting artists with charity.
Funding · 07 May · EUR 669K
Aksel.nu secures over five million DKK in funding from existing and new investors to scale its platform for private car sales.
Launch · 07 Apr · —
ÄIO and tilk! launched the Skin Booster Bio-Fermented Serum with ÄIO RedOil, marking a significant step in their collaboration and the cosmetics industry.
Launch · 31 Mar · EUR 130.0M
SIA "ASNS Ingredient" is launching a pea protein plant in Jelgava, Latvia, with a total investment of approximately €130 million, aiming to start production in 2027.
Funding · 20 Feb · EUR 4.0M
REDUCED raised EUR 4.0M in Series A, led by Delphinus Venture Capital.
Hire · 30 Jan · —
Nanna Hedlund steps down as temporary CEO of Djerf Avenue and will join the board instead.
Funding · 23 Dec · EUR 259K
Lis Bonne Atelier received an injection of approximately 2.8 million SEK from its owners to cover losses.
Funding · 04 Dec · EUR 200.1M
Framery Group Plc listed on the Official List of Nasdaq Helsinki on 4 December 2025, pricing its IPO at EUR 8.00 per share for a total offer size of about EUR 200 million and a post listing valuation of roughly EUR 633 million. The offering combined a EUR 20 million primary share issue with a secondary sale by existing shareholders.
Funding · 26 Nov · EUR 1.9M
Noahs raised EUR 1.9M in seed.
Launch · 01 Oct · —
Andele Mandele has integrated Tilde's machine translation API, doubling the number of transactions from Lithuania and Estonia by automatically translating user-generated content, thus overcoming language barriers.
Funding · 10 Sep · EUR 2.5M
Perfat Technologies raised EUR 2.5M in Series A.
Funding · 03 Jul · —
Received a grant for research and development on the utilization of textile waste and wool in Iceland.
Funding · 03 Jul · —
Received a seed grant for developing an AI solution for the tourism industry.
Funding · 16 Jun · EUR 4.0M
Studio555 raised EUR 4.0M in seed.
Funding · 10 Jun · EUR 1.6M
Traxlo raised EUR 1.6M in seed, led by Coinvest Capital.
Funding · 16 Dec · EUR 347.7M
Hostaway received a $365 million investment from General Atlantic and PSG Equity at a valuation of $925 million at the end of 2024.
Exit · 24 Oct · EUR 340.0M
Vinted completed a €340 million secondary share sale led by TPG, providing liquidity to existing holders and valuing the company at €5 billion.
Funding · 24 Sep · EUR 6.1M
AIO raised EUR 6.1 million to build a demonstration plant in Estonia for sustainable fats and oils production. Voima Ventures, 2C Ventures, SmartCap and Nordic Foodtech VC participated with no single investor named as lead.
Hire · 02 Sep · —
Madeleine Munkhammar takes over as CEO of PS of Sweden after the founder sold his shares and the company faced significant losses.
Exit · 01 Jul · EUR 1.2M
MADARA Cosmetics agreed to sell 100% of SIA Cosmetics Nord, operator of Selfnamed, to management-controlled SIA SLFNMD for EUR 1.19 million including repayment of outstanding debt.
Exit · 30 Apr · EUR 4.0M
MADARA Cosmetics sold the MOSSA brand assets to Oy Transmeri Ab for total consideration of EUR 4 million while retaining product-development and contract-manufacturing responsibilities.
Funding · 04 Apr · EUR 6.0M
REDUCED secured EUR 6M in financing led by Novo Holdings to scale its natural food-ingredients business.
Launch · 18 Mar · —
Velja offers a software solution for clothing rental, contributing to an improved circular economy.
Launch · 18 Mar · —
Flöff aims to establish the first textile recycling facility in Iceland to create new values from unusable textiles.
Funding · 04 Mar · EUR 2.8M
EcomID secured 2.75 million euros in a new investment round to help retail companies manage online returns.
Funding · 25 Jan · EUR 176K
Stockholm based By Banoo raised SEK 2 million from a group of angel investors including Elisabet Lundgren, Babak Etenad, Alireza Etenad, and Gohar Avagyan.
Exit · 10 Sep · EUR 8.4M
Maya Delorez, founded by Madelene Törnblom, is being sold for over 100 million SEK.
Funding · 19 Jul · —
Big Idea Ventures announced an early-stage investment of undisclosed size in Perfat Technologies through its New Protein Fund II.
Funding · 31 May · EUR 600K
Traxlo raised EUR 600K in fresh pre-seed capital from existing investors Iron Wolf Capital, Antler and Red Pill VC, joined by Black Pearls VC and a US angel, bringing pre-seed funding to EUR 1.1M.
Funding · 01 May · EUR 159.4M
Hostaway raised a 175 million USD strategic growth investment led by PSG in May 2023. This predates the 365 million USD General Atlantic round already on file.
Exit · 31 Mar · —
Matchi merged with Austrian competitor Eversports.
Funding · 10 Oct · EUR 1.1M
Draugiem Capital, the investment arm of Draugiem Group, invested EUR 1.14 million in Prime Prometics on October 10, 2022, becoming a minority shareholder in the pro-age cosmetics company.
Funding · 05 Oct · EUR 63K
MADARA Cosmetics received EUR 63,036 of EBRD support, funded through the EU Horizon 2020 Green Innovation Programme, for improvements to its SELFNAMED platform.
Launch · 20 Sep · —
Keeps is a software solution that allows tourism providers to manage all their images in one place and share them on major booking sites.
Launch · 22 Jul · —
Keeps is a software solution that allows tourism providers to keep all their photos in one place and share them on major booking sites and social media.
Funding · 09 Jun · EUR 2.9M
REDUCED raised EUR 2.9M in a seed round co-led by Vækstfonden and VÅR Ventures to scale ingredients made from food-industry side streams.
Exit · 01 May · —
Wolt was acquired by American delivery giant DoorDash in May 2022.
Funding · 10 Mar · EUR 378K
Traxlo raised EUR 378K in a pre-seed round led by Iron Wolf Capital, with Antler, Marius Jakulis Jason Foundation, Red Pill VC and angels participating.
Launch · 17 Nov · —
Jökla, the first Icelandic cream liqueur, launched this year and has been very successful.
Launch · 17 Nov · —
MAR crisps are thin dried fish flakes, a new product in the domestic market.
Launch · 17 Nov · —
Sifmar produces Krakkakropp, a healthy Icelandic baby food that aims to reduce food waste.
Funding · 12 May · EUR 250.0M
Vinted raised €250 million in Series F funding led by EQT Growth, at a €3.5 billion pre-money valuation, to expand geographically and invest in trust, safety, and product development.
Funding · 25 Jan · EUR 436.1M
Wolt raised 530 million USD in a Series E round led by ICONIQ Growth, with Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue joining alongside returning backers, to expand beyond restaurant delivery.
Funding · 14 Aug · EUR 4.9M
PS of Sweden took on SEK 50 million in growth capital from Swedish private equity firm eEquity, which became a new shareholder in the company.
Funding · 28 Nov · EUR 128.0M
Vinted raised €128 million in a Series E led by Lightspeed Venture Partners, with Hubert Burda Media participating, at a valuation above €1 billion.
Funding · 01 Jun · EUR 116.6M
Wolt raised a 130 million USD Series C round led by ICONIQ Capital, with existing investors 83North, EQT Ventures, Highland Europe and Lifeline Ventures also participating, to fund expansion and hiring.
Funding · 29 Aug · EUR 50.0M
Vinted closed a €50 million financing round led by Sprints Capital, with existing investors Hubert Burda Media and Insight Venture Partners participating during a period of rapid marketplace growth.
Funding · 10 Nov · —
MADARA Cosmetics completed an oversubscribed IPO and began trading on Nasdaq First North Riga; strategic investor Oy Transmeri Group AB emerged with 6% of the company.
Funding · 09 Dec · EUR 24.7M
Vinted raised $27 million in Series C funding led by Hubert Burda Media, with Accel Partners and Insight Venture Partners participating, to support expansion beyond Europe and the United States.
Launch · 01 Jun · —
Jymy ice cream brand was launched in June 2014 after a partnership was formed with chef Jyrki Sukula.
Funding · 31 Jan · USD 27.0M
Vinted raised $27 million in its second institutional financing from Accel Partners and Insight Venture Partners to grow its US business and team.