Avionero’s search engine is built around how travelers actually think, using themes, date ranges, and broad regions rather than fixed parameters, and uses AI to rank a very large number of flight combinations in real time. Through established partnerships with Skyscanner, Kiwi.com, and Amadeus, the company offers one of the market’s broadest flight inventories.

“I invented the flexible search many years ago, and today the most popular part of the service is searching freely without locking yourself to specific dates. Instead, you can start from the weather, proximity to the beach, or almost anything. We use data from other search services, which increases the chances of finding and booking the best ticket price. As far as we know, no other service has such a large selection of flights,”

said founder and CEO Lars Kristensson

The timing is notable because AI agents have started searching for travel on behalf of users, and unlike humans, they do not stop searching on their own. According to industry observers such as Skift and Bain & Company, this is already pressuring the profitability of players built on older search logic. Avionero positions itself as a potential intermediary between AI agents and established online travel agencies and airlines, and says it has initiated discussions with Amadeus on the issue.

The company also highlights that it has negotiated a significantly larger share of revenues from its partners, 40 to 80 percent, compared to an industry norm of 20 to 40 percent.

The founder’s path to Avionero began unconventionally. As a young programmer, Kristensson won an AI programming championship as early as 2003 and was headhunted by a major game developer. He later moved to a flight booking company by chance and was surprised that the services were not adapted to how people actually book travel, forcing users to make many separate searches and compare the results themselves. Using his knowledge of AI technology and algorithm theory, he began digging into the problem, and the solution became Avionero.

“I was just fifteen years ahead of my time. Now behavior has caught up because AI services have accustomed users to expressing their wishes freely. The broad AI agents don’t work on booking sites, they are simply blocked because they bombard the flight search with thousands of searches for a single person,”

said Lars Kristensson.

The next step in Avionero’s development is a business-to-business service that licenses the technology to other companies, giving their users Avionero’s free search capabilities without overloading the systems. A pilot project is planned for late 2026, with a broader launch in 2027.

The new share issue also includes warrants with a nine-month maturity, which if fully exercised at the highest price could bring the company an additional 7 to 10 MSEK (approximately €670,000 to €950,000). The capital will be used to market the service.

“Those who have started using Avionero continue to use the service, and brand searches on Google have increased tenfold in a year and a half. And we have marketed ourselves with a limited budget. Now we will spend money on building the brand for real, to become a broadly popular service, and hopefully a people’s stock too,”

said Lars Kristensson.

The company’s business model also keeps costs low. Avionero does not handle bookings itself, but has contracts with suppliers who handle the booking and share the revenue with Avionero. The revenues therefore become pure profit, and no investments are needed to handle larger user volumes as traffic grows.

Unlike competitors that buy traffic separately for flights, hotels, and activities, Avionero gathers everything under a single paid traffic source, which the company says gives substantially better returns on marketing spend. Hotels, activities, and events are identified as future business areas.

The company’s board includes members with backgrounds from British Airways, American Express, and Northmill Bank, and the board and CEO together own around 65 percent of the company, an ownership commitment the company itself highlights as unusually strong ahead of a listing.

The post Avionero Prepares for IPO, Aiming to Become the Travel Search Engine of the AI Era appeared first on Øresund Startup News.

The scale-up follows the recent DKK 5.5 billion (€ 736 million) grant from the Novo Nordisk Foundation, which BII said would be used to support more research-based startups and expand into other European countries. The ambition is to increase the number of annually supported startups from around 20 to 30, and potentially more over time through additional partnerships.

Beyond funding, the selected companies gain access to BII’s innovation platform, which includes a large investor network, laboratory facilities in Copenhagen, and business development expertise to help attract further capital.

“We are facing a historic opportunity to bring even more of the strong research being conducted at Danish and European universities and hospitals out into the world. The 17 companies represent exactly the potential we want to help unlock – research with the potential to become new technologies, products and companies that can make a real difference,”

said Trine Bartholdy, Business Director at BII.

She emphasized that capital alone is rarely enough for research-based companies navigating the early and complex development phases.

“When you build a company based on advanced research, the path from a promising idea to a scalable business is rarely straightforward. It requires capital, but also the right competencies, partners and access to infrastructure. Our role is to bring these different elements together around the founders, so they can focus their time and energy on developing their technologies and building companies with international potential,”

said Trine Bartholdy

The seventeen new companies span a wide range of research areas, including health, biotech, climate, and deep tech. Several are spinouts from regional institutions such as DTU, the University of Copenhagen, and Rigshospitalet. Notable examples include Fibernex, developing advanced electrodes for green hydrogen production; Sylvia Health, working on solutions for women’s pelvic health; KhaosGuard, building laser systems for real-time measurement of greenhouse gas emissions; and Lizard Photonics, developing integrated nanoelectromechanical photonics for data centres, AI, and quantum technology.

Since its establishment, BII has supported more than 140 companies, which have collectively attracted significant external capital. The long-term ambition is to strengthen Denmark’s position as a center for research-based innovation while expanding its reach across Europe.

“Europe has some of the world’s strongest research environments, but we need to become better at translating that research into companies, products and solutions that can compete globally. With the long-term backing of the Novo Nordisk Foundation, we can take on that task at greater scale. The 17 companies we are now welcoming are an important next step,”

said Trine Bartholdy

The post BII Backs Record Number of Startups with € 9.5 Million in New Funding appeared first on Øresund Startup News.

For over 20 years, Seed Capital has been a pioneer in backing Danish founders. Now, with Fund V, the firm is leveraging its expertise and fund model to support high-potential startups across the Nordic region. The fund’s investment thesis centers on three key verticals:

• Reinventing financial infrastructure (FinTech)
• Enhancing cybersecurity and resilience
• Transforming SMBs and enterprises (AI-driven B2B)

“Broadening into the Nordics is a natural move for us and it’s been important for us to get the right team, with strong expertise and global mindset. Together with Geeta Schmidt and Lars Andersen, we have formed a partner team with both company building and venture growth expertise, with the goal of scaling them globally. This is also reflected in what we’re looking for in the founders we back, founders building global winners”

said Christian Broendum, Managing Partner at Seed Capital

Strong LP Support and Early Investments

Seed Capital’s Fund V is backed by a diverse group of limited partners (LPs), including Realdania, EIFO, Dansk Vækst Kapital, Sampension, Lauritzen Fonden, Augustinus Fonden, family offices, and angel investors.

“Seed has been one of the cornerstones of the Danish venture ecosystem for more than 20 years, helping build and scale many of Denmark’s most successful technology companies. With a new generation of partners, a proven platform, and fresh capital, Seed is well positioned to continue backing the most ambitious founders and strengthening the Danish and Nordic startup ecosystem,”

said Alexander Knudsen, investor at EIFO

The fund has already made its first investments, including Norlix, Blackbird Coffee, Fortiv, Moxso, Pluto Markets, Repodo, and Oplane, with more to come.

The post Seed Capital Closes €130M Fund V to Back Founders in Denmark and Beyond appeared first on Øresund Startup News.

The six companies – PanTarg, 3Sonic, Inia Biosciences, Yngvi Bio, Proxi Biotech and Sagava – have all previously received € 500.000 in funding from BII. With the new funds allocated, each company has now received a total of € 1.8 million from BII.

The continued funding also comes with access to BII’s internationally recognized innovation platform in the heart of Copenhagen. Here, the companies gain access to advanced laboratory facilities, a global network of investors, advisors and strategic partners, as well as expertise in business development and commercialisation.

“The six companies have demonstrated strong potential and have already taken important steps from promising research to developing solutions that can make a real difference. With continued funding, they have the opportunity to accelerate their development and focus even more on their path towards the market.”

says Trine Bartholdy, Chief Business Officer at BII

BII’s ambition is not only to provide funding, but also to give the companies the right framework and expertise to develop into strong, international businesses.

“It is precisely at this stage that the combination of capital, strong expertise and the right network can make a decisive difference. We see significant potential in all six companies, and our role is to help them turn their technologies into sustainable businesses and products that can create value for patients, society and investors,”

says Trine Bartholdy

With the new funding, the six companies are better positioned to further develop their technologies, attract additional external capital and bring their solutions closer to commercial market application.

The six companies receiving additional financial support from BII are:

3Sonic

3Sonic is developing a new imaging technology based on 3D ultrasound and artificial intelligence, designed to enable surgeons to assess cancer tissue in real time during surgery. The aim is to increase the precision of cancer surgery and improve patient outcomes. 3Sonic is a spin-out from Rigshospitalet and the Technical University of Denmark (DTU).

Sagava

Sagava is working to reduce CO2 emissions from the maritime sector by converting waste into sustainable biofuels and energy. The company’s technology aims to help decarbonise shipping by utilising waste resources to produce biogenic fuels. Sagava is a spin-out from the Technical University of Denmark (DTU).

Inia Biosciences

Inia Biosciences is developing new treatments for inflammatory diseases, with psoriasis as its initial focus. The company is working to transform the treatment of inflammation and develop more effective therapeutic solutions for patients suffering from inflammatory diseases. Inia Biosciences originally emerged from the innovation ecosystems in Boston and Oxford.

Yngvi Bio

Yngvi Bio is developing biological solutions to combat agricultural pests. Through targeted pest control, the company aims to protect crops while reducing the impact on biodiversity, the environment and human health. The goal is to contribute to a more sustainable food production system. Yngvi Bio is a spin-out from the University of Copenhagen.

PanTarg

PanTarg is developing a new type of antibody-based cancer treatment that combines two targeted attacks in a single therapy. The company’s technology is particularly aimed at aggressive cancers, including pancreatic cancer, where there remains a significant need for more effective treatments. PanTarg is a spin-out from the University of Copenhagen and Rigshospitalet, founded by researchers Lars H. Engelholm and Virginia Metrangolo. The company is also a partner in a major research project for the period 2026–2030, supported by the Innovation Fund Denmark, focusing on enabling drugs to cross the blood-brain barrier.

Proxi Biotech

Proxi Biotech is developing a novel vaccine-based immunotherapy for recurrent bacterial infections. The company’s lead candidate targets recurrent infections caused by Clostridium difficile, which can affect patients repeatedly and become chronic. The technology is intended to provide an alternative to treatments such as faecal microbiota transplantation. Proxi Biotech is a spin-out from Statens Serum Institut (SSI), Denmark’s national public health institute.

The post €8M allocated from BioInnovation Institute to support six promising startups appeared first on Øresund Startup News.

Halmos Labs builds automated biotech R&D on the principles of validity and interpretabillity. They run research, and simulations answering open questions ranging from wetlab experiment design to full cancer vaccine manufacturing.

While the company itself is named Halmos Labs, its first product will be called Halmos Bio, founder Mattias Akke tells Swedish Tech News which was first with reporting the news.

The founders, Mattias Akke and Linus von Ekensteen Löfgren, have a background in Nanotechnology and Engineering Physics, and previous experience from MIT, AstraZenica, and Danske Bank.

The post Lund startup Halmos Labs joins Y Combinator to build automated biotech R&D appeared first on Øresund Startup News.

This summit was organized by Øresundsinstituttet and Greater Copenhagen that brought together professionals and representatives from research institutions, science parks, incubators, industry organisations and public sectors to talk and discuss about the opportunities and challenges in building stronger cross-border innovation regions.

One of the session was the discussion about “The Øresund region as a hotspot for Danish-Swedish innovation and research” which brought five panelists: Anders G Nilsson, CEO of Ideon Science Park; Anette Steenberg, CEO of Medicon Valley Alliance; Markus Herrgård, CTO of BioInnovation Institute; Petter Hartman, CEO of Medicon Village Innovation; and Thomas Unt, Head of Incubation at Medeon Science Park.

The strengths of having research institutions, science parks, incubators, and companies located within close geographical proximity but different countries was a topic in the discussion. One remark that stood out during was when a panelist was being asked about his plans for the day where he said “I’m having breakfast in Lund, Lunch in Copenhagen and dinner in Helsingborg.” This statement highlights the geographical closeness and the mobility convenience of the Øresund region.

Turning proximity into innovation

The Øresund region already houses an impressive 13 universities, multiple major research infrastructure, science parks, incubators, and a growing startup ecosystem. Facilitating an environment where research and entrepreneurship can meet. 

Startups in the Øresund region have an advantage of access not only cross border but also a wider pool of talent, research expertise, investors, infrastructure, and potential partners. In the long run it can create opportunities to collaborate beyond their national ecosystem. That is why although the Øresund Bridge physically connects Denmark and Sweden, beyond that the region’s innovation ecosystem actually depends more on people crossing borders, institutions collaborating, and ideas moving freely between communities.

The post Denmark-Sweden Summit TechBBQ 2026 appeared first on Øresund Startup News.

The investment, led by the Keystone investor network, aligns with Integrator’s mission to empower customers to manage their own solutions without relying on external consultants.

“Integrator represents an attractive scaleup case with both market and product strength. We have chosen to invest because we see clear scaling potential, and because the case is driven by a strong leadership team in collaboration with a number of experienced Keystones members in a solid syndicate,”

says Kenneth Larsen, CEO of Keystones, to TechSavvy

Integrator is specializing in system integration, Business Intelligence (BI), and Microsoft-based development to ensure data quality and drive data-driven decision-making for businesses. Founded in 2018 Integrator delivers tailored solutions in integration, BI, and custom software development, helping SMEs leverage intelligent, data-driven insights to accelerate growth.

“We are building an organization that enables our customers to manage their own solutions, without depending on consultants. Self-service is the most important factor for our customers, and it will be the core of everything we develop and sell going forward.”

says Nils Mandrup, CEO of Integrator.

The new funding will enable Integrator to expand its offerings in Data Analytics, Data Reporting, Data Warehouse, and FP&A, reinforcing its commitment to delivering cutting-edge, customer-centric solutions.

“With this investment, we expect the company to evolve into a major player in the Nordic market,”

says Svend Olling, investor representative and board member.

The post Integrator Secures Investment to Accelerate Growth in Self-Service BI and AI-Driven Solutions appeared first on Øresund Startup News.

Elva11, founded in early 2025 by Jim Roslund (founder of Additude), had an all-star board and funding from a Dubai-based investment firm. Despite this, the company was forced into bankruptcy in August, partly due to a sharp decline in revenue growth in the Swedish consulting industry and financing issues.

Elva11 has its roots in Tretton37, the once highly successful tech development company from Lund.

“Edument is acquiring the Elva11 brand and the company’s assets. There is a strong legacy from Tretton37 here, with talented people, valuable customer relationships and a culture that has meant a lot to the tech community in the region. We saw an opportunity to preserve those values and give them a new platform to grow from,”

Acke Salem said.

Edument, which Acke Salem co-founded, has evolved from its strong association with training to now primarily focus on advanced software development and large-scale tech projects, including work in the energy sector (its training operations now spun off as Edument Training).

Acke Salem says that regarding Elva11, the current focus is on supporting its people and customers while ensuring as much continuity as possible. He says Edument is engaging with both employees and clients, aiming to integrate a significant portion of Elva11’s expertise into its own operations.

“This acquisition is also part of a bigger ambition for Edument. We want to scale the business significantly over the coming years, both organically and through acquisitions. Our focus is on building a strong technology company around senior expertise, long-term customer relationships and the ability to take greater responsibility for complete projects rather than simply providing individual consultants,”

Acke Salem said.

The post Tech Profile Acquires Bankruptcy Estate of Elva11 appeared first on Øresund Startup News.

The initiative, long in the making, aims to bridge the gap between early-stage startups and institutional funding.

“If we had this fund in place from year one of the incubator, we would have made more than six times our investment by now – and that’s a conservative estimate,”

says Karsten Deppert, co-founder of E-commerce Park.

Future Retail Ventures focuses on investing in early-stage e-commerce companies that have completed E-commerce Park’s one-year incubator program. The fund is backed by a roster of e-commerce veterans, including Ludvig Friberg (CarpetVista), Eric Smith (Uteprodukter), Philip Lexander (Fotbutiken), Amelie Henningsson (Eqvital), Andreas Wedberg (Räckesbutiken), and Erik Urnes (Lindengruppen).

The fund has already completed its first investments in Sugarbeet Co, Dryckbolaget, Mini Ferrum, and Làhku Nordisk Brodyr, companies operating across various e-commerce segments but sharing strong growth potential and driven entrepreneurs.

“It’s not just about investing in companies. We’re investing in entrepreneurs we believe in and want to support,”

says Amelie Henningsson, investor and board member of Future Retail Ventures

The fund’s approach goes beyond capital, emphasizing mentorship, networking, and community-building to help startups reach their full potential.

A Boost for Mini Ferrum and Sugarbeet

For Mini Ferrum, a startup specializing in innovative iron supplements, the investment came at a critical growth phase.

“A lot has happened since we were in the incubator. Demand for our products continues to grow, and we recently hit the milestone of 1,000 orders per month,”

says Daniel Melander, co-founder of Mini Ferrum

The support from Future Retail Ventures has provided new perspectives and valuable connections, helping the company scale faster.

Similarly, Sugarbeet is leveraging the fund’s capital, experience, and network to accelerate its growth.

“At this stage, the right support can make a huge difference. The combination of funding, expertise, and access to a strong network allows us to grow faster and more strategically than we could on our own,”

says Linus Löfgren, co-founder of Sugarbeet.

Future Retail Ventures represents a natural next step for the entrepreneurial ecosystem that has grown around E-commerce Park in recent years.

“With this fund, we can help more companies develop while strengthening the entire e-commerce and entrepreneurship ecosystem,”

says Karsten Deppert.

Transparency: Karsten Deppert is besides co-founder of E-commerce Park of Scandinavia also initiator and active contributer to Øresund Startup News.

The post Future Retail Ventures Announces first Investments in E-Commerce Startups appeared first on Øresund Startup News.

NordAmps is a deep-tech innovator in high-performance circuits for communication systems, leveraging its proprietary vertical nanowire transistor technology. This technology integrates indium gallium arsenide (InGaAs), a high-performance III-V semiconductor material, with standardized silicon substrates, combining superior electrical performance with the scalability and cost-efficiency of silicon.

”The listing represents an important milestone in NordAmps’ development. Through strengthened capital resources and a broader shareholder base, we are creating the conditions to accelerate the commercialization of our technology and take the next step toward establishing a position in a global market with significant potential ahead of us.”

says Jan Andersson, CEO of NordAmps

Founded in 2017 as a spin-off from over two decades of nanoelectronics research at Lund University, NordAmps has evolved into a leading provider of high-performance circuits for applications such as satellite communication, telecom infrastructure, 5G/6G, defense, radar, and advanced sensing. The company operates under a fabless business model, focusing on technology development, circuit design, and customer relationships, while partnering with external manufacturers for production.

A significant milestone was achieved in 2025 through a collaboration with Finnish VTT, aimed at establishing a scalable European production chain capable of meeting demands for volume, quality, and cost efficiency.

”Through the listing, we are broadening our shareholder base, strengthening our access to the capital markets, and increasing our visibility among both potential investors and potential commercial partners.”

says Jan Johannesson, Chairman of the Board of Directors of NordAmps

The company announced its initial public offering (IPO). The subscription period is expected to run from September 7 to September 21, 2026, with the first day of trading anticipated for September 30, 2026, under the ticker symbol NRDAMP.

NordAmps has already secured subscription undertakings representing 81.9% of the offering. The Offering is open to the general public in Sweden and Finland, as well as institutional investors, with a minimum subscription of 360 shares (SEK 5,580).

The post NordAmps Announces IPO on Nasdaq First North Growth Market appeared first on Øresund Startup News.