May 29, 2020

8 months-old podcast platform, Podimo, raise EUR 15M to compete with Spotify and Apple (Computerworld)
The growth funding comes from the Danish VC fund Heartcore Capital, German and Anglo-Israel VC 83north.
CEO Morten Strunge is cited stating that their main competitors are Spotify and Apple, which is why the funding is needed to take up the battle against the online streaming giants. The funding will primarily be invested in further developing its platform and to expand.
Podimo is a platform for podcasts that bets on exclusive formats. Among other, they are responsible for much of the Danish radio station Radio24syv’s catalogue, including several of their formats.
Digital healthcare service provider,, has raised a EUR 45M Series C (
Participating in the round were Oriola Corporation, and several other new and existing investors. The funding was closed just over a year after the company’s latest round, where raised EUR 9.5M from Bonnier Ventures in 2019.
The proceeds will be used to expanding its digi-physical care offering and the company plans to open new medical centres to achieve this. Also, the company plans to make its digital platform international. In addition to the care offering, also has platform collaboration with Vivabem, a digital healthcare company active in Brazil and AniCura, a digital veterinary app available in Sweden.
Founded in 2016, the Stockholm-based e-health company is considered as the second largest online medical centre in the Scandinavian nation.Helsinki-based Happeo, a social intranet platform, has raised a EUR 10.9M Series A round led by INKEF Capital (
DN Capital, and Vendep Capital also participated in the round.
The funding will be utilized to accelerate the startup’s product development and grow its teams in the Netherlands, Finland, Romania and the US.
Happeo is a combination of enterprise social network, company news feed and intranet system. Founded in 2017, the business has grown 280% year-on-year and was named one of Europe’s fastest growing scale-ups by The Next Web.

Danish robotics company, Shape Robotics, aiming to IPO on Nasdaq First North by end-June (Børsen)
The company expects to raise EUR 3.4M and the shares are pre-subscribed for around EUR 2.2M.
Co-founder and CEO David Johan Christensen states the funding will be used to expand internationally and take advantage of the opportunities that comes with being listed.
Shape Robotics are the 5th company seeking to IPO’d on the stock exchange. Among others seeking the spotlight of the stock exchange is the Danish company LED Ibond that plans to IPO mid-June 2020.

Staria, a Finnish information system and accounting services firm, looking to acquire tech companies (Mergermarket)
Staria received an investment from Vaaka Partners last week, where they acquired more than 50% of the company. The CEO and the Chairman hold a combined 30% while the remaining 20% is held by other members of management.
Staria and its financial sponsor Vaaka Partners are looking at technology targets, most likely in the SaaS space. In FY19, Staria had a turnover of EUR 18M, with an EUR 2M EBITDA. The company has so far only relied on organic growth, yet the company grew 40% during FY19 and 20% during FY18.
According to the article, the overall account service market is growing above Finland’s GDP growth rate and several of Staria’s segments operate in fast growth segments, such as cloud-based Enterprise resource planning (ERP) , which is taking market share from on-site systems.