Koenigsegg Automotive Secures €50 Million Investment from Chieftain Capital Management
Koenigsegg Automotive, the renowned Swedish megacar manufacturer located in the north of the Øresund region, in Ängelholm, has announced a € 50 million investment from New York-based Chieftain Capital Management. The funding aims to support Koenigsegg’s next phase of growth, strengthening its leadership in the megacar industry. Alongside this investment, Christian von Koenigsegg, the company’s […]
Ekolution Secures €2.2M to Scale Hemp-Based Construction Materials
Malmö-based Ekolution, which develops climate-friendly construction materials made from industrial hemp, has raised € 2.2 million (SEK 25 million) from existing investors, Breakit reports. The investors include Longrun Capital, South Bay Ventures, Neptunia Invest, and Gunnar Hagman. Ekolution was founded in 2013 by Remi Loren, Naib Woldemariam and Henrik Jacobsson and the startup has gotten […]
Österlensaffran.io Launches Autonomous Saffron Harvesting Robot, Leading Innovation in Sustainable Farming
Swedish Tech News reported on that Österlensaffran.io has unveiled its groundbreaking autonomous saffron harvesting robot, with the aim to transform saffron farming. The robot uses advanced RTK/GNSS navigation, AI vision systems, and a three-axis precision arm, enabling a shift from manual harvesting to high-tech, sustainable methods. Founded in 2019, the company’s dedication to quality is […]
Weekly summary podcast: Week 39
Here we are experimenting with a new format: highlighting some of the weeks stories in a special podcast! Perfect for you who wants to listen to news, instead of reading about them. Click play below, or follow this link to get to the podcast: Soundcloud link. Oresund Startup News · Øresund Startups Weekly Summary week […]
Brainlit Secures € 5 Million for Expansion with Focus on Sports and Healthcare
Lund-based startup Brainlit, founded by Bluetooth inventor Tord Wingren, has raised around € 5 million (up to 60 million SEK) in a funding round led by an so far anonymous U.S. fund and existing investors, according to Rapidus. The investment will help the company expand its innovative lighting system, which mimics daylight to enhance health […]
Startup Spotlight: Zemission – Tackling the Challenges of Electric Trucks with Innovative Heating Technology
Zemission, a Lund-based company is making strides in solving a major issue facing electric trucks: the reduced range caused by heating the cabin and battery in colder weather. Founded by Anders Vestin, Zemission’s technology uses a catalytic combustion process powered by ethanol or biodiesel, offering a more efficient way to keep trucks warm without draining […]
ProfitMetrics raises €2 Million from Ampli Ventures for Global Expansion
Swedish investment firm Ampli Ventures announced earlier this month it has invested €2 million in ProfitMetrics, a Copenhagen-based startup specializing in profitability analysis for eCommerce. Founded in 2019 by Frederik Boysen, ProfitMetrics introduced the “Profit-on-Advertising-Spend” (POAS) metric to help eCommerce businesses focus on profitability rather than just growth. ProfitMetrics, based in Lyngby outside Copenhagen, but […]
Visibuilt Raises €1.3 Million to Transform Asphalt Production with Mycelium
Danish biotech startup Visibuilt announced it has raised €1.3 million in funding to further develop its innovative fermented binder, visiBIT, designed to replace traditional bitumen in asphalt production. This funding comes from the BioInnovation Institute’s Venture House program, which aims to support early-stage startups. Visibuilt’s binder, derived from fermented mycelium, offers a sustainable alternative that […]
Fintech Startup November First Acquired by Visma to Strengthen Payment Solutions for SMEs
Earlier this month Visma announced their acquisition of November First, a Copenhagen-based fintech company specializing in payment solutions for small and medium-sized businesses. The deal follows years of collaboration, with November First powering the Smart Pay function in Visma e-conomic, allowing businesses to automate supplier payments directly through their accounting software. Founded in 2016 by […]
Malmö-Based OmMej Secures €350K in Seed Funding
Malmö-based startup OmMej, a platform focused on assessing children’s mental health for public agencies, has raised € 350.000 (SEK 4 million) in a seed funding round reports Swedish Tech News. The round is led by Gorilla Capital with participation from existing investors, including Chairman Fabian Hagman. Founded in 2018, OmMej aims to use this funding […]