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Copenhagen-based open-source startup NobodyWho raised €2M in pre-seed funding to promote Small Language Models (SLMs) as a cost-efficient, data-secure, and climate-friendly alternative to cloud-based LLMs, enabling local AI on devices.
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Wodan AI, a startup specializing in running AI models on encrypted data, secured €2 million in pre-seed funding to develop homomorphic encryption technology and expand its platform for secure AI, complying with EU privacy regulations.
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Oxford-based A&B Smart Materials secured £1.5M in pre-seed funding to develop fully biodegradable alternatives to fossil-based superabsorbent polymers for hygiene and agricultural applications, aiming to reduce microplastic pollution.
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Roamless, a global connectivity provider, raised $12M in Series A funding to expand its eSIM platform offering pay-as-you-go and trip-based plans across 200+ countries, targeting travelers and partnerships with travel, aviation, and financial services.
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Copenhagen-based fintech FarPay, known for its invoicing automation, was acquired by Dutch peer POM, supported by Vortex Capital Partners. FarPay will operate independently within POM Group, gaining access to capital and market reach to accelerate product development and expand beyond the Nordics.