Startup 4 Climate Awards Over 1 Million SEK to Startups Accelerating Energy Transition
In a bid to accelerate the energy transition and combat global warming, the Startup 4 Climate initiative is inviting Swedish startups to pitch their innovative solutions. Aimed at capping global warming to 1.5 degrees Celsius, this challenge seeks to support young companies that can contribute significantly to smarter, more efficient energy and transport systems. Challenge […]
MoveByBike Expands with Acquisition of Danish Logistics Company Chainge
Malmö-based last mile delivery startup MoveByBike has announced the acquisition of the Danish logistics company Chainge for a purchase price of approximately € 1,7 Million (19 Million SEK). The transaction, which will be settled by issuing reverse convertible notes to the sellers that will be converted into newly issued shares of MoveByBike, is set to […]
TicTac Learn Acquires AI Startup Skillhabit to Enhance E-Learning Solutions Across Europe
Malmö-based TicTac Group, a leader in the European e-learning market, has announced the acquisition of Stockholm-based AI startup Skillhabit. This strategic move is aimed at enhancing TicTac’s technology offerings and broadening its reach in the e-learning sector across Europe. Skillhabit has developed a platform that uses artificial intelligence to streamline the creation and delivery of […]
Flexotrap gets Investment from Andreas Wiman to Boost Growth
Lund-based Flexotrap, a startup specializing in environmentally friendly shooting ranges, announced that Andreas Wiman has joined the firm as a partner and board member. This strategic move is part of the company’s broader initiative to expand its operations both domestically and internationally. Andreas Wiman brings a wealth of experience to Flexotrap, with a 30-year career […]
Malmö-Based Startup Youcruit Faces Bankruptcy, But Sees Potential Resurrection Post-Acquisition
Malmö-based Youcruit, a startup focused on delivering a recruitment platform for truck drivers in the United States, has been declared bankrupt. However, Rapidus reports there appears to be a glimmer of hope for the startup as a former minority shareholder has purchased the recruitment service from the bankruptcy estate. Back in 2021, Youcruit was riding […]
Viio Raises Over €3M from Renowned Investors to Stop Unnecessary Software Subscriptions
The Danish startup Viio helps companies keep track of all the software subscriptions and cloud services that employees have access to. When Viio asks a medium-sized company how many software subscriptions they have, the typical answer is “about 20”. But most actually have well over 100, often between 200 and 500. They even report that […]
Woodsense Rebrands to Tector, Expands Scope in Moisture Detection Technology
Startup Woodsense, known for its moisture monitoring solutions in the Nordic region, has announced its rebranding to Tector. This development follows the company’s successful application of its technology beyond the timber market to include a variety of building materials such as flat roofs. Broadening Technological Applications Originally focused solely on the timber construction market, the […]
Swedish Sport-Tech Leader Spiideo Secures €18 Million to Drive AI-Powered Sports Video Innovation
Spiideo, a provider of AI-automated sports video technology, has announced a significant €18 million ($20 million) growth funding round led by Munich-based Cipio Partners. This new investment will bolster Spiideo’s role in transforming sports broadcasting from traditional manual methods to cutting-edge automatic processes using artificial intelligence. Founded in Malmö in 2012 by Patrik Olsson and […]
Fenix Solar Acquired by Ecokraft to Enhance its Solar Energy Solutions
Ecokraft, a provider of solar energy solutions, has announced its acquisition of Fenix Solar, a company specializing in the monitoring and optimization of solar panel installations. This is part of Ecokraft’s growth strategy to solidify its position in the sustainable energy sector within Sweden. Founded in 2020, Fenix Solar has quickly established itself as a […]
Sweden and Denmark in Top for Attracting Investments – Ranked Above UK
In a recent report by Invest Europe, Sweden and Denmark have been highlighted as two of the three leading countries in investment activities across Europe, relative to their Gross Domestic Product (GDP) in 2023. This notable achievement underscores the robust investment climates and innovative ecosystems thriving within these Nordic nations. The report analyzes investment data […]