The Tallinn, Estonia-based Superangel investment fund, in partnership with Estonian, Finnish and Swedish universities, is to hold an investor-readiness day, called the “Science Base Camp”, for research and development-intensive technology-based university teams.
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Estonian foodtech startup Natufia Labs, which was born at Garage48 competition in Tartu, is moving to Saudi Arabia’s King Abdullah University of Science and Technology (KAUST), which is leading $3.5 million investment round with $2 million to Natufia through their venture capital investment arm.
Natufia says it has developed the world’s first smart indoor kitchen garden providing technology to harvest herbs, leafy greens and vegetables at home.
“We are delighted to welcome our latest spin-in partner, Natufia Labs, to the Kingdom and support their expansion in the region – and the world,” said Kevin Cullen, vice president of KAUST Innovation and Economic Development.
Helen Ventures said it has invested into Bergen-based snow forecasting startup Think Outside, which offers hydropower companies more accurate information of the quantity of water stored in the snow, helping them in optimising the energy production.
Think Outside was founded in 2017 with the vision to transfer cutting-edge oil industry technology and know-how into new markets. It focuses on advancing geoscience in the snow industry, by introducing new sensor technology and methodology to achieve novel and detailed data about the snow for the hydropower industry, ski industry, infrastructure, and governmental agencies.
“Climate change is expected to significantly increase the variability in the amount of snow and meltwater, which will have a direct impact on the production of hydropower companies,” Helen said in a statement.