Ekolution Secures €13M and Builds Hemp Insulation Production Facility in Skåne
Swedish GreenTech company Ekolution, specializing in the production, development, and sales of biobased materials using industrial hemp, has received substantial support in the size of € 8 million (SEK 94.5 million) from Naturvårdsverket (the Swedish Environmental Protection Agency) and successfully raised a Series A financing round, amounting to € 5 million (SEK 61.5 million). Ekolution […]
Women’s Investment Network “Wing” announced
Rapidus reports that a group of prominent business women have started a new investor group, the “Women Investing Networking Group”, Wing. Wing aims to invest mainly in startups but also in listed companies. Elna Lembrér Åström, CEO of the investment group, mentioned that their first investment was made last summer in the company Undone Games, […]
Corti Raises €56M Series B Funding to Accelerate Healthcare AI Innovation
Corti, the startup behind an AI co-pilot for healthcare interactions, has announced a €56 million Series B funding round, co-led by Prosus Ventures and Atomico, and featuring participation from existing investors Eurazeo, EIFO, and Chr. Augustinus Fabrikker. The newly acquired capital will support Corti’s ongoing growth in the healthcare sector, where it deploys advanced AI […]
Purefun Invests in Ava Stories to Fuel Growth in Sextech
Helsingborg based e-commerce company Purefun, specializing in adult products, is set to become a stakeholder in Stockholm based sextech startup Ava Stories, with a vision to accelerate its expansion. Purefun’s recently announced it will invest and take a 20% stake in Ava Stories, to strengthen it’s commitment to the audio erotica segment for women. The […]
Norban Secures € 2 Million Funding to Revolutionize Sweden’s Real Estate Market
Norban, the operator of a unique housing marketplace and brokerage service in Sweden, has successfully raised € 2 million (25 million SEK) in a recent capital round. This funding round, led by VEQ and joined by investors including Neptunia Invest, Beijer Ventures, Falvir, Tibia Konsult, and Johan Tjärnberg, is earmarked to further strengthen the company’s […]
Mylla Gets Funding From Backing Minds and Business Angels
Last week Mylla, a Malmö-based e-commerce for local food, pitched on the Swedish version of Dragons Den / Shart Tank. In the show we get to see that Sara Wimmercranz joined them, and now it has been announced that the VC company she co-founded, BackingMinds, is leading the funding round. Other investor includes Anders Frankel, prominent […]
Sandberg Development becomes majority owner of Watersprint
The Malmö-based family-owned investment company, Sandberg Development, has announced it is now the largest owner of water technology company Watersprint. Watersprint has developed a water purification technology based on ultraviolet light from LED lamps. The technology is scientifically established and neither chemicals nor filters are required to remove viruses, bacteria or pathogens from the water, […]
AlixLabs secures over € 3 million investment to advance energy-efficient semiconductor innovation
Swedish semiconductor trailblazer, AlixLabs, has successfully secured over € 3 million (SEK 40 million) in funding to accelerate their pioneering work. Specializing in semiconductor advancements, AlixLabs has developed a revolutionary Atomic Layer Etching (ALE) Pitch Splitting technology (APS), which has attracted investment from amongst other Navigare Ventures, Industrifonden and FORWARD.one. The semiconductor industry has long […]
Two Danish startups to compete for over 400,000 EUR in prizes at TechChill Milano’s pitch battle finals
Two Danish startups, Motionshift and Revol Health, have been announced as two of 50 finalists to compete for over 400,000 EUR in prizes, including a 10,000 EUR no-strings-attached cash prize from Federated Innovation, at the TechChill Milano Startup Pitch Battle. The 5 semi-finalists to pitch on the main stage in front of 1000+ attendees, investors, and media […]
GetAccept Reaches over 100 Million SEK Revenue
Breakit reports that the numbers for GetAccepts 2022 end of year have been released. The SaaS startup from Malmö has there reached a revenue of 109 million SEK (over € 9 million) at the end of 2022. That is an increase by 66% from the financial year before. The startup has grown a lot since […]