Sector · Industry and Deeptech

Industry and Deeptech startups in the Nordics and Baltics

Robotics, semiconductors, photonics, quantum, and the hardware that comes out of Nordic-Baltic research labs.

Companies: 34
Rounds: 46
Capital raised: EUR 5.3B
Last activity: 30 Jul 2026

Sub-sectors

Recent events

Exit · 30 Jul · —
UAB "Diab"
UAB "Diab" is shutting down after failing to compete with Chinese companies, laying off all employees and ceasing operations.
Launch · 27 Jul · —
Framery
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 · —
Deepvis
Deepvis, founded in 2024, develops AI-based vision systems for industrial quality control and has begun commercializing its technology with its first paying customer, AVK Plast.
Launch · 23 Jul · —
Light
Light launches its first flip phone, the Light Flip, aimed at users who prefer simplicity over high technology.
Exit · 20 Jul · EUR 1.3M
Hoppekids
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.
Funding · 17 Jul · —
Oura
Oura received a direct investment from Eli Lilly to enhance health monitoring tools and support personalized health care.
Launch · 17 Jul · —
UAB „Hautica“
UAB „Hautica“ officially opened its new factory and administrative premises in the Kaunas Free Economic Zone on July 17.
Funding · 16 Jul · EUR 2.0M
InfiniNode Technologies
InfiniNode Technologies has secured €2 million in a combination of investment and grant funding to accelerate the development of its technology.
Funding · 14 Jul · EUR 10.0M
Quanscient
Quanscient has raised 10 million euros in funding to develop quantum computing tools for industrial design.
Funding · 09 Jul · EUR 4.1M
Relox Robotics
Relox Robotics is seeking to raise 45 million SEK to finance international expansion and accelerate growth.
Funding · 02 Jul · EUR 16.0M
Alva Industries
Alva Industries lands €16M to scale next-generation electric motors
Funding · 02 Jul · EUR 650K
BRYM
BRYM secured €650,000 in pre-seed funding to develop a wearable neurofeedback platform.
Funding · 24 Jun · EUR 1.4B
Stegra
Stegra closed a €1.4 billion financing round led by a Wallenberg Investments consortium, with broad support from existing shareholders and lenders, to complete its Boden plant.
Launch · 01 Jun · —
INCUBA
INCUBA takes over the management and development of the Partner House in Aarhus to strengthen the connection between research, startups, and businesses.
Funding · 07 May · EUR 14.1M
Pit
Pit raised EUR 14.1M in seed, led by Andreessen Horowitz.
Launch · 07 May · —
Pit
Pit launched its 'AI product team as a service' to help businesses implement AI effectively.
Funding · 07 May · EUR 30.0M
SWEBAL
SWEBAL raises €30 million to build Sweden’s first TNT facility and strengthen NATO ammunition supply.
Launch · 07 May · EUR 13.6M
Pit
Pit operates as an AI product team-as-a-service, learning how companies function and building systems to support their operations.
Funding · 04 May · —
Geopyörä
Finnish Geopyörä closes seed round to scale breakage testing technology.
Launch · 01 May · —
Metaktik
Metaktik has launched a new technology for military use, integrating flexible antennas into vessels and vehicles.
Funding · 29 Apr · EUR 683K
Atech
Atech raised $800K in pre-seed funding to simplify hardware prototyping.
Funding · 28 Apr · EUR 5.3M
OTee
OTee raised EUR 5.3M in seed, led by North Ventures.
Funding · 08 Apr · EUR 6.8M
Treon
Treon raised EUR 6.8M in Series A, led by ACME Capital.
Funding · 30 Mar · EUR 50.0M
IQM Quantum Computers
IQM Quantum Computers raised EUR 50.0M in strategic, led by BlackRock.
Funding · 30 Mar · EUR 1.0M
Metaktik
Aalto University spin-off Metaktik secured EUR 1M in pre-seed funding backed by Maki.vc to commercialise lightweight metasurface antennas for defence, aerospace and telecom markets.
Funding · 23 Mar · EUR 34.5M
Lace Lithography
Lace Lithography raised EUR 34.5M in Series A.
Exit · 05 Mar · —
Doublepoint
Doublepoint, acquisition by Oura.
Funding · 24 Feb · EUR 30.0M
Frankenburg Technologies
Frankenburg Technologies raised EUR 30.0M in Series A, led by Plural.
Exit · 22 Feb · —
IQM Quantum Computers
IQM Quantum Computers, merger by Real Asset Acquisition Corp.
Funding · 15 Feb · EUR 250K
Natrix
Natrix raised EUR 250k in pre-seed.
Funding · 05 Feb · EUR 6.0M
Vexlum
Vexlum raised EUR 6.0M in seed, led by Kvanted.
Funding · 01 Dec · EUR 27.5M
Sparrow Quantum
Sparrow Quantum raised EUR 27.5M in Series A.
Funding · 28 Oct · EUR 1.1M
Desktop Commander
Desktop Commander raised EUR 1.1M in pre-seed, led by 42CAP.
Funding · 15 Oct · EUR 45.0M
Starship Technologies
Starship Technologies raised EUR 45.0M in Series C, led by Plural.
Funding · 14 Oct · EUR 777.0M
Oura
Oura raised EUR 777.0M in Series E, led by Fidelity Management & Research Company.
Funding · 03 Sep · EUR 275.0M
IQM Quantum Computers
IQM Quantum Computers raised EUR 275.0M in Series B, led by Ten Eleven Ventures.
Funding · 07 Jul · EUR 25.0M
Donut Lab
Donut Lab raised EUR 25.0M in seed.
Funding · 18 Jun · EUR 5.0M
ONiO
ONiO raised EUR 5.0M in Series A.
Funding · 10 Jun · EUR 14.9M
sintra.ai
sintra.ai raised EUR 14.9M in seed, led by Earlybird VC.
Funding · 03 Jun · EUR 54.0M
Aerones
Aerones raised EUR 54.0M in Series B.
Funding · 28 Mar · EUR 4.0M
Frankenburg Technologies
Frankenburg Technologies secured EUR 4M, split equally between Blossom Capital II LP and existing investor Shellona Ltd.
Launch · 25 Feb · —
Natrix
Natrix's modular unmanned ground platforms began operating in Ukraine, carrying frontline supplies and evacuating wounded personnel.
Funding · 18 Sep · EUR 106.0M
Stegra
The Swedish Energy Agency granted Stegra SEK 1.2 billion in state aid through the Industrial Leap programme to build its integrated low-carbon steel plant; the aid had European Commission approval.
Funding · 05 Feb · EUR 83.8M
Starship Technologies
Starship Technologies raised USD 90M in a round co-led by Plural and Iconical after passing six million autonomous deliveries.
Funding · 05 Feb · EUR 1.3M
OTee
OTee closed a EUR 1.25 million first funding round led by RunwayFBU and Superangel for its industrial-automation engineering platform.
Funding · 22 Jan · EUR 250.0M
Stegra
H2 Green Steel announced a €250 million EU Innovation Fund grant for its large-scale green-steel plant as part of its January 2024 financing package.
Funding · 08 Jan · EUR 4.4M
Aerones
Aerones secured a EUR 4.416M grant from the EU Innovation Fund to produce and deploy wind-turbine blade repair robots.
Funding · 12 Sep · EUR 5.5M
Treon
Treon closed a EUR 5.5 million Series A led by Ventech to accelerate international expansion and development of its industrial IoT products.
Funding · 07 Sep · EUR 1.5B
Stegra
H2 Green Steel raised about €1.5 billion in a private equity placement co-led by Altor, GIC, Hy24, and Just Climate to finance its Boden green-steel plant.
Funding · 23 May · EUR 4.1M
Sparrow Quantum
Sparrow Quantum raised a EUR 4.1M seed round led by 2xN, with participation from LIFTT and the European Innovation Council.
Funding · 27 Dec · EUR 36.6M
Aerones
Aerones raised USD 38.9M in growth funding co-led by Lightrock and Haniel to scale robotic wind-turbine maintenance.
Funding · 19 Oct · EUR 70.0M
Stegra
H2 Green Steel added €70 million at the final close of its Series B from investors including Hitachi Energy, Kobe Steel, and Kinnevik, taking the full Series B to €260 million.
Funding · 29 Aug · EUR 190.0M
Stegra
H2 Green Steel secured €190 million in the first close of its Series B equity financing, co-led by AMF, GIC, Schaeffler, and Altor Fund V.
Funding · 01 Mar · EUR 37.6M
Starship Technologies
Starship Technologies raised a USD 42M Series B co-led by NordicNinja and Taavet+Sten to grow its delivery-robot fleet.
Funding · 25 Jan · EUR 50.0M
Starship Technologies
Starship Technologies received a EUR 50M quasi-equity facility from the European Investment Bank to expand its autonomous delivery fleet.
Funding · 23 May · EUR 86.2M
Stegra
H2 Green Steel, now Stegra, closed a $105 million Series A equity round backed by strategic industrial partners and long-term investors to accelerate its green-steel plans.
Funding · 27 Jan · EUR 14.0M
Starship Technologies
Starship Technologies raised USD 17M from investors including TDK Ventures and Goodyear Ventures to expand its delivery-robot fleet.
Funding · 16 Jun · EUR 1.4M
Aerones
Aerones raised USD 1.6M while pivoting its robotic technology toward wind-turbine maintenance.
Funding · 20 Aug · EUR 36.1M
Starship Technologies
Starship Technologies raised a USD 40M Series A led by Morpheus Ventures to expand autonomous delivery services.

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