Techarena, a leading entrepreneurship platform based in Stockholm, has raised SEK 12M (around €1.08M) from venture capital firm BackingMinds. This investment aims to bolster Techarena's initiatives in enhancing Europe's innovation landscape, particularly during challenging times. With a 600% revenue growth over the past three years, Techarena has facilitated connections among over 18,000 entrepreneurs and stakeholders in the last year. The platform's founder, Omid Ekhlasi, emphasized the increasing availability of capital and the urgent need to scale their successful model beyond the Nordics to boost technological progress across Europe.
"Europe stands at a critical moment for innovation. Especially in uncertain times, building a resilient Europe is essential. Techarena is at the heart of creating a thriving innovation ecosystem."
"Techarena's model of connecting founders, investors, business leaders, and decision-makers has proven itself in the Nordics. Taking the model and scaling it now will accelerate the momentum."
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