In other news this week: Donkey Republic appoints new CEO, Atmen raises €5M, Iron Wolf Capital launches €100M fund, & more

There’s been a lot happening in the tech and startup world lately — from new funding rounds to acquisitions and expansion plans.

With so many updates coming in, it’s easy to miss a few stories along the way.

That’s why we’ve put together some of the key developments you might not have seen this week. Here’s a quick roundup of the updates.

Donkey Republic Holding appoints new CEO

Copenhagen’s Donkey Republic Holding A/S, a Danish company active in the micro-mobility industry, announced that Niels Henrik Rasmussen has stepped down as Chief Executive Officer. Thor Möger has been appointed as his successor.

Rasmussen informed the Board earlier this year of his decision to resign. Since then, the Board has prepared for the transition. He supported the handover process and assisted Möger during the transition period, effective since June 3, 2025.

Niels Henrik Rasmussen says, “After nearly three years as CEO of Donkey Republic, I have decided to step down. This has been my own decision, and earlier this year, I began a constructive dialogue with the Chairperson of the Board to plan a smooth transition. Looking back, I am incredibly proud of what we have accomplished – including a more balanced organisation, more than doubling our revenue from DKK 65M to DKK 147M, and improving EBITDA by more than DKK 50M from DKK 27M to DKK 25M.”

“Now, I look forward to taking an extended break to recharge before focusing on new roles within strategic company development in collaboration with entrepreneurs and leadership teams.” (Read more)

Esmée Trimbos joins NUNC Capital

Esmée Trimbos has joined NUNC Capital BV as Head of Marketing & Communications. She departs ACT Group after seven years, during which she worked across Amsterdam and New York, led recruitment efforts, launched global marketing, and supported the company’s development in the Americas.

At NUNC Capital BV, Trimbos will lead marketing and communications strategy. The firm invests in defence technology ventures, including materials, unmanned systems, and software platforms for operational use. (Read more)

Atmen raises €5M in Seed funding

Munich-based Atmen has raised €5M in seed funding, led by Project A, with participation from Revent, Vireo Ventures, and several angel investors.

Atmen is developing a digital platform to support product certification across energy-intensive industries in Europe. The platform enables producers to verify product origin, carbon intensity, and production methods using real-time operational data.

The company aims to support certification across complex supply chains, starting with sectors such as clean fuels, steel, and fertilisers.

The funding will support expansion beyond hydrogen and low-carbon fuels, team growth, and deeper integration with regulators and certification bodies. Investors include Axel Stepken, Martina Merz, and Christian Vollmann. (Read more)

Iron Wolf Capital launches €100M fund

Vilnius and London-based Iron Wolf Capital has launched a €100M early-stage fund focused on deep tech and AI. The fund aims to invest in 25 companies across Estonia, Latvia, Lithuania, and the Baltic diaspora.

Target sectors include AI, robotics, photonics, and space innovation. The firm will continue its approach of leading and co-leading 6–8 investments per year. The team behind the fund operates from London, Warsaw, Vilnius, and Tallinn and includes professionals with startup experience. (Read more)

ChargeNet secures funding

ChargeNet has received financing from Oost NL’s Vroegefasefonds Gelderland to further develop its B2B platform. The platform connects owners of private charging infrastructure with transport companies, supporting the shift to fossil-free logistics.

ChargeNet’s app helps drivers locate and access private charging points along routes, offering pricing and availability information.

The company will use the funding to build a minimum viable product and begin demonstration projects with partners in retail and transport. Future plans include expanding app functionality and scaling operations.

ChargeNet is now based at Cleantech Park Arnhem, contributing to the region’s sustainable energy and charging ecosystem. (Read more)

Delpha raises $2M in Seed round

Delpha, a startup focused on commercial data quality, has secured $2M in seed funding. The company will use the funds to advance its AI technology, grow its product and engineering teams, and expand its presence in the market.

The funding round included support from business angels and early-stage investors who see value in data quality for AI-based decisions. Delpha’s AI agent works independently to detect, correct, and prevent data issues in commercial systems. The company aims to reduce manual data handling and improve outcomes from enterprise AI tools. (Read more)

Baobab secures €12M in Series A funding

Berlin-based Baobab has announced a €12M Series A funding round to support its efforts in protecting European businesses from digital risks.

The round was led by Viola FinTech and eCAPITAL ENTREPRENEURIAL PARTNERS, with participation from Augmentum Fintech, Project A, and advisory board member Christof Mascher.

Since its launch in 2021, Baobab has used AI-driven underwriting and real-time prevention to help clients avoid over €10M in losses. The company currently operates in Germany and Austria and plans to build on this presence with the new funding.

The investment will be used to enhance its risk mitigation platform, grow its team, expand product offerings, and enter new European markets. (Read more)

Aibidia secures €13M in Series A round

Helsinki-based Aibidia has secured €13M in a Series A funding round co-led by DN Capital and FPV Ventures. Existing investors Icebreaker.vc and Global Founders Capital also participated. The funding marks FPV Ventures’ first co-lead investment in Europe.

Aibidia provides a platform for multinational enterprises and their advisors to manage cross-border business and transfer pricing obligations in one system. Companies including Volvo, Bridgestone, and Recipharm use the platform to define transfer pricing and automate reporting, supporting compliance with tax regulations.

The company was founded by a team of tax lawyers, accountants, economists, data scientists, and software developers. Its platform enables collaboration among in-house professionals, advisers, and tax authorities. (Read more)

Perpethua closes €500K

Perpethua has completed a €500,000 investment round. The funding will support the company’s mission to ensure continuity for small and medium-sized enterprises in the country. Perpethua expressed gratitude to the investors backing its vision and ongoing efforts to develop long-term initiatives. (Read more)

Energy Bolting acquired by Nord-Lock Group

The Nord-Lock Group, a global bolting and engineering solutions provider, has acquired Energy Bolting. The acquisition supports Energy Bolting’s plans to expand its operations and market presence.

Founded in 2018, Energy Bolting supplies speciality fasteners to industries such as Oil & Gas, Power Generation, and Defence. The company serves customers in the UK, Scandinavia, the USA, and other regions.

This move aligns with Nord-Lock Group’s strategy to strengthen its position in the safety-critical fastener sector and broaden its product offering. (Read more)

Skyral raises £14.8M in Series A funding

Skyral has raised £14.8M in a Series A funding round led by NOIA Capital. The company develops digital twins that simulate human behaviour and infrastructure systems, including transit, power, and telecommunications networks. The investment will support Skyral’s continued development and expansion. (Read more)

Sortera Bio raises £7.5M in pre-seed round

Sortera Bio, a biotech company based in Cambridge, has raised £7.5M in a pre-seed funding round led by Cambridge Innovation Capital, with participation from AstraZeneca and BioNTech. 

The funding supports the development of Sortera’s Deep Screening platform, designed to accelerate biologics discovery.

The platform collects sequence and functional data on large numbers of biologics, enabling the identification of therapeutic candidates and the creation of datasets for generative AI models. Sortera aims to advance drug discovery through this data-driven approach. (Read more)

Solidroad raises $6.5M

Dublin-based Solidroad has raised $6.5M to advance its AI platform for customer experience teams. The platform reviews customer interactions to support training and quality processes for both human representatives and AI agents.

Solidroad works with businesses managing large volumes of customer conversations and aims to maintain service standards without full automation. The platform provides an alternative to outsourcing, QA tools, and standalone AI agents by focusing on process improvement across support operations. (Read here)

Voltrac secures €2M in funding

Valencia-based startup Voltrac has launched its autonomous electric tractor platform for use in agriculture and frontline logistics. The company also announced €2M in funding from investors, including FoodLabs and Antler.

Founded in 2024 by Francisco Infante Aguirre and Thomas Hubregtsen, Voltrac is building a modular, software-defined vehicle using a first-principles approach that removes reliance on traditional mechanical systems. The platform is designed to support operations in fields that require automated transport and machinery. (Read more)

Aive raises €12M

Paris-based Aive has raised €12M in a Series A round to scale its AI-powered video post-production platform. The round was led by global fund Invus, which contributed €10M, along with participation from existing investors, including BNP Paribas Développement.

Founded in 2019 by Olivier Reynaud and Rudy Lellouche, Aive launched its AI video editing solution in January 2024 and has since gained several corporate clients. The company plans to expand in Europe and the US, grow its team, and increase commercial reach. Aive reports over $1M in annual recurring revenue, with 15 per cent from the US. (Read more)

Ecohelix secures €2.2M EU funding

Sweden-based Ecohelix has received €2.2M in funding from the European Union’s LIFE Programme under the LIFE-2024-SAP-ENV call. The funding will support the company’s LIFE WOODMER project, which focuses on developing wood-based biopolymers for use in packaging.

The project aims to demonstrate the industrial viability of WOODMER Seal, a heat seal coating designed to replace fossil- and food-based polymers, including PFAS chemicals. Running for 36 months from June, the initiative will expand Ecohelix’s formulation capabilities at its demonstration facility. (Read more)