Hey all,
Just when we thought spring is here, we’re now getting more snow in Helsinki. I’m happy though because it means more opportunities to go cross-country skiing. What a week it has been in tech though, more surprising than our snow fall, with the situation going on with SVB. Fun stuff…
As always, happy to hear from you, let me know what I missed, what I can improve & what you’d like to read about!
Funding rounds
🇸🇪 Divly raised 400k€ to make crypto taxes easier.
🇫🇮 Exolyt raised 450k€ to help businesses analyze TikTok accounts.
🇪🇪 Co-one raised 640k€ for their AI-based data labelling service.
🇫🇮 Komu Homes raised 475k€ for their tenant experience solution.
🇸🇪 Marsblade raised 900k€ for their off-ice skating product.
🇱🇹 Inbalance grid raised 1.3m€ developing intelligent EV charging solutions.
🇮🇸 Tulipop raised 1.7m€ for their fantasy world / lifestyle brand company.
🇸🇪 CHIMI raised 1.8m€ for their eyewear company turned fashion brand.
🇳🇴 Lifeness raised 2.6m€ for their cloud based treatment for obesity.
🇫🇮 SIQ Basketball raised 2.8m€ for their personalised sport analytics tool.
🇳🇴 Appfarm raised 5.4m€ for their no-code application development platform.
🇪🇪 Roofit.Solar raised 6.45€ for their integrated solar roofs.
🇩🇰 Chromologic raised 7.1m€ to produce natural food colors.
🇸🇪 Hedvig raised 29m€ for their insurance platform.
Did I miss something - send me a note!
Quick Notes
If you’re a founder - TechBBQ wants to hear your thoughts on challenges that founders face that should be discussed at their event this year. Let them know your thoughts here.
Creandum published their Diversity Index numbers, progress has slowed down but there are still some positive signals - read more here. I absolutely love that they keep publishing these numbers for all of us to see and reflect on them as well.
Node Ventures launched their first fund at 70m€ fund - read more here.
Opinion
Yup, you guessed it, we’re talking about SVB today. It’s the only thing anyone talks about on VC twitter right now. I don’t have much to say on the topic, so just collecting some thoughts here.
My favourite take on the situation:
Latest news on the issue:
So I’m assuming we’ll know much more soon & things will keep moving forward quickly. No point in making any guesses since we’ll most likely have answers before most of you have time to open this letter.
Then a couple good threads explaining things well. First, a thread tweeted on the 9th of March to give some back story.
And a CNN article explaining the timeline.
All the best,
Josefiina
Love it. Keep this coming. Really enjoying the recent snow in Helsinki.
Lets grab a coffee sometime. Its a small ecosystem