BlackRock wrote a EUR 50 million check to Finnish quantum hardware maker IQM, and the dual New York-Helsinki IPO it's meant to precede would be a European first. In Stockholm, listed ERP company Briox spent SEK 35 million on an AI sales assistant that speaks 42 languages. Two seed rounds landed within hours of each other: Endform picked up EUR 1.5 million to parallelize browser testing, and Copenhagen's Financial News Systems (built by ex-Reuters journalists who decided to replace journalists with AI) took the same amount. On the smaller end, circular materials startup Enkei closed EUR 400K backed by Tarkett's former CEO and a Danish sustainability architect. And Mathem, the online grocer that nearly went bankrupt last year, just finished a rebrand, slashed prices across 1,500 products, and painted its delivery fleet yellow. It's been a busy 48 hours.

IQM Quantum Computers secured EUR 50 million from BlackRock-managed funds ahead of a planned SPAC merger with Real Asset Acquisition Corp. The deal would make IQM the first publicly listed European quantum computing company, with a dual listing in New York and Helsinki expected later in 2026. IQM builds on-premises superconducting quantum systems and employs over 350 people across Europe, Asia, and North America.

Stockholm's Endform raised EUR 1.5 million in a seed round co-led by Alliance VC, Antler, First Fellow Partners, and Greens Ventures. The startup's platform distributes Playwright-based browser tests to individual cloud machines, cutting CI pipeline times from 30 minutes to roughly two. Lovable is among its early adopters.

Financial News Systems (FNS), a Copenhagen-based AI-only financial newsroom, raised EUR 1.5 million in pre-seed funding from Ugly Duckling Ventures. The company's AI monitors 9,000+ companies with zero human journalists and already has distribution partnerships with Dow Jones and FactSet. Founded by an ex-Reuters team.

Enkei closed a EUR 400K pre-seed at a EUR 3 million valuation to scale Receramix, a material that transforms construction demolition waste into premium design objects. The Stockholm startup's investor list includes RadCap, Tarkett's former CEO Ulf Mattsson, Danish architect Anders Lendager, and recycling co-founder Christina Aqvist.

Briox (BRIX on Nordic Growth Market) is acquiring Selma AI for SEK 35 million in an all-share deal. Selma's AI sales assistant automates prospecting and outreach in 42 languages, serving roughly 50 customers with SEK 2.4 million ARR growing at 90%+. Briox adds AI-driven customer acquisition to its 27,000-customer accounting and ERP platform. Close expected April 8.

Mathem released its 2025 annual results showing a dramatic improvement after exiting formal reconstruction in August 2025. The Swedish online grocer saved an estimated SEK 500 million in costs, pre-emptively cut food prices ahead of Sweden's April 1 VAT reduction, and launched a full rebrand with new yellow delivery vehicles. Mathem now claims to be the cheapest option on over 1,500 products.