Sweden

Baseload Capital raises €53M to scale Geothermal Energy Projects Globally
Baseload Capital, a Stockholm-based firm specializing in geothermal energy development, has raised €53 million in a Series B funding round. The round was led by ENGF, an infrastructure fund backed by Ingka Investments, the investment arm of IKEA's largest retailer. Other investors include Baker Hughes, Breakthrough Energy Ventures, and Gullspång Invest.
Gothenburg-based Kognic, a company specializing in data annotation for AI, has raised €8.8 million (SEK 100M) in a funding round led by existing investors, including Metaplanet, Neudi Kapital, and Stena Sessan. This funding will further Kognic's mission to advance embodied AI—technology that enables machines like autonomous vehicles and robots to

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