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31 July, 2024, 17:13 The Tartu-based medtech startup Menken Trials, aiming to spare doctors of paperwork, has raised a €1.3 million grant from EAS and Kredex. The fresh costs will support the startup’s growth plans. Founded in 2021, Menken develops an AI to automate and improve the monitoring of clinical trials. The startup claims it makes them faster, more accurate, and efficient.

31 July, 2024, 16:45 Tset, a Vienna-based business provider of carbon accounting software, has closed €12.7 million in its series A round of funding to strengthen its position across new markets and industries. The investment was led by Carbon Removal Partners, Brose Ventures, and Ingenics Holding. Founded in 2018 by Andreas Tsetinis and Sasan Hashemi, Tset offers cloud-based SaaS solutions that provide real-time insights into product costs and emissions.

31 July, 2024, 12:58 Sofia-based BlackPeak Capital has announced its lead investment during a €10 million Series B funding round for Leanpay, Slovenia’s Buy-Now-Pay-Later (BNPL) and point-of-sale lending platform. The round was also co-led by Catalyst Romania and will allow Leanpay to expand its operations and strengthen its market position. Leanpay was founded in 2016 by Janko Medja, Misa Zivic, and Tilen Zugwitz, has over 120,000 users and 1,500 merchant partners.

31 July, 2024, 10:55 Ukrainian company Skyeton expanded the production of Raybird UAVs to Slovakia. $3,5 million was invested in the launch, Oleksandr Stepura, the company`s founder, said in an interview for Forbes Ukraine. According to Oleksandr, the production was expanded there in case a russian missile hit a Ukrainian factory. The company rents 1,000 m2 abroad. Moreover, production in Slovakia helps to cope with another problem.

30 July, 2024, 14:01 Oinride, a Tampere-based startup developing mobile robotics solutions for the mining industry, has raised €345,000 pre-seed investment. The funding round was led by EIT RawMaterials, and will enable Oinride to accelerate the development and deployment of its mobile robotics in the mining industry’s harsh environment. Oinride develops robotic solutions aimed at revolutionizing underground mining operations.

30 July, 2024, 12:10 Myriad AI, a US-based startup with Czech roots, has secured $2 million in a pre-seed funding round. The investors include Nation 1, alongside BD Partners, Plug and Play Tech Center, and Preston-Werner VC, according to the Recursive. Founded by Jan Špidlen who has previous worked at Google, Nvidia and Airbnb, Myriad AI aims to transform compliance by revolutionizing access to regulations.

30 July, 2024, 11:00 Tallinn-based Mifundo, developing an AI-based data platform that enables the transfer of credit profiles across borders, has received €2.5 million in grant funding from the European Innovation Council (EIC) Accelerator program. The funding will be used to expand the platform across Europe. Founded in 2018 by former Bigbank Group CEO Kaido Saar, Mifundo develops an AI-based cross-border data platform to enable the portability of credit profiles throughout the European Union.

29 July, 2024, 20:25 The Helsinki-based startup Onego Bio developing a bio-identical egg protein has secured the fresh €14 million from EIC Accelerator and additional Series A investors. Just three month earlier, Onego Bio raised €50.5 million, bringing the company’s total funding to €65 million. Founded in 2022 as a spinoff from VTT (Technical Research Center of Finland), by Maija Itkonen (CEO) and Christopher Landowski (CTO).