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Latvian deeptech Naco Technologies raises €2.5M

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Latvian developer of nano-coatings for green hydrogen systems Naco Technologies has raised €2.5M in the expanded pre-Series A from new investor Polish Radix Ventures and existing investors Hungarian Impact Ventures, Zurich-based Kendris Capital, and deep tech-focused fund The Untitled Ventures. Radix Ventures invested €1,5M.
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Lithuanian nexos.ai raises €7.7M

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Vilnius-based AI startup nexos.ai has raised €7.7M from lead investor London-based Index Ventures with participation from Swedish early-stage venture capital firm Creandum, UK-based Dig Ventures, CEO of Datadog Olivier Pomel, CEO of Klarna Sebastian Siemiatkowski, CEO of Supercell Ilkka Paananen, and CEO of Wix.com Avishai Abrahami.
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Estonian Elcogen raises €5M from SmartCap's Green Fund

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Estonian Elcogen has raised €5M from Tallinn-based SmartCap Green Fund. SmartCap Green Fund financial support complements the prior strategic investments of the US energy company Baker Hughes and South Korean Mirae Asset Global Investments in Elcogen. They backed the Estonian company with €31M in April 2024. 
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