Several Hamburg-based startups completed financing rounds in March. Recalm, for instance, raised EUR 3 million in a Series A round to advance its machine and vehicle cabin audio technologies and to reduce noise pollution. Meanwhile, the life science mo:re startup secured EUR 2.3 million in a seed round to develop animal-free medication. Round2 Capital has announced an investment of EUR 2.5 million in Nect, which is known for its digital identity verification processes. The company will use the funds for its market expansion. Another Hamburg-based startup, Flexvelop, has raised EUR 4 million in debt and equity to expand its leasing model for professional kitchen appliances. Meanwhile, the Elea health startup raised EUR 4 million in a financing round to expand its offers. The startup is developing a platform to automate healthcare providers’ workflows and to improve medical care.
More than 100 startups and established companies and several hundred movers and shakers in commerce, investment and the public sphere flocked Wednesday (April 2) to the NCA Innovation Day in the Factory Hammerbrooklyn. Emphasis was on matchmaking, pitches, human resources, fintech, insurtech, logistics and commerce curated by the Life Science Nord cluster, which was responsible for the Life Science & Health track, and AI Hamburg for Gen & Agentic AT. Top tools for successful open innovations were also presented. Many companies now have dedicated venture clienting and open innovation departments to create internal conditions for success and to find the right startups.
Startups' successful financing rounds
Events in March
“Circular Economy & New Materials” was the theme of the Nordic Startup Challenge, held on March 25 in the Chamber of Commerce Hamburg. Ten startups from ten European countries presented their products and business models for avoiding waste, especially plastic, and using wood as a substitute for packaging. Danish energy startup Tegnology Aps triumphed with its energy-autonomous Internet of Things (IoT) sensors for monitoring industrial facilities and using the heat generated to supply energy. Twenty-one startups focusing on AI had competed in the seventh batch of the AI Startup Hub 13 of which attended Graduation Day in HafenCity’s Astor Cinema. Coldsense emerged as winner with technology for controlling the defrosting of cold rooms. The AI Startup Hub is launching two funding schemes simultaneously. “Ideation” is aimed at startups that begin with little more than an idea and develop a valid business model within six months. The AI Accelerator scheme targets existing startups that are keen on growth.
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