Cellugy, a Danish industrial biotechnology startup developing innovative, biobased solutions to replace fossil-based materials in the personal care sector, has secured €8,1M to support scaling up the production of its biofabricated cellulose-based rheology modifier material, EcoFLEXY.
Denmark-based Deepdots, formerly known as Magic Feedback, has raised €5.5 million in a seed round to automate customer feedback analysis using proprietary AI.
As European venture capital grapples with a tougher funding climate—raising just €2.3 billion across 24 funds in Q1 2025—some firms are standing out by doubling down on conviction and strategy. One of them is KOMPAS VC, which has just closed its second fund at €150 million, reaffirming its commitment to
Enduro Genetics, a synthetic biology startup based in Copenhagen, has secured €12 million in a Series A funding round led by Supernova Invest, NOON Ventures, and Sandwater.
Teal Health, a startup aiming to revolutionize women’s healthcare, has raised $10 million in a seed extension round to develop its Teal Wand, a first-of-its-kind at-home cervical cancer screening device.
Montréal-based startup Lyteflo has raised $3 million CAD in seed funding to refine its EV Revenue Platform, designed to help car dealerships sell electric vehicles (EVs) more effectively.
Aarhus-based Cordulus, specializing in hyperlocal AI-driven weather predictions, has raised €3 million in funding from Danish Agro and the Pajbjerg Foundation.
Lyngby-based PSV Hafnium has officially launched as Denmark’s first dedicated early-stage venture fund focused on deep tech. The new fund secured DKK 185M (€24.8M) from the European Investment Fund (EIF) and DKK 100M (€13.4M) from the Export and Investment Fund of Denmark (EIFO).
