Jonas Birgersson’s Vision to Solve Sweden’s Energy Crisis with Local Green Energy Networks
IT entrepreneur Jonas Birgersson, known for revolutionizing Sweden’s internet landscape in the 1990s by advocating for affordable broadband access, is now turning his attention to the energy sector. He was instrumental in Sweden’s transition to a modern telecom infrastructure, making him a pivotal figure in the country’s tech history. These days, Birgersson proposes a solution […]
Swedish Travel Tech Company Volubus Sets Sights on Becoming the Uber of Charter Buses
Travel tech startup Volubus is on course to raise up to € 1 million (SEK 10 million), with half already secured from existing investors. The startup, which offers a platform for booking private buses, plans to use the funds to further automate and scale its service using AI technology. By modernizing an outdated industry and […]
GetAccept Sees Revenue Rise to over € 10 million
SaaS startup GetAccept, founded in Malmö and prominent in the local startup ecosystem, reported a net revenue of € 11 million (SEK 128 million) for 2023, marking an 18% increase compared to the previous year. The startups pre-tax loss also improved a lot, narrowing to € 2.4 million (SEK 27 million) from € 3.4 million […]
The 0-Mission Secures Over €130K Pre-Seed Investment for Renewable Energy Expansion
Copenhagen-based renewable energy startup The 0-Mission has raised over €130,000 in a pre-seed funding round from business angels, including members of Angella Invest. Founded in 2022 by Anna Riis Hedegaard and Thomas Granhof, The 0-Mission aims to help businesses of all sizes contribute to green energy. The funding will accelerate growth in Denmark and support […]
New Promising E-commerce Startups Join the Future Retail Incubator – With strong Representation of Female Entrepreneurs
The new batch of companies starting in the Future Retail Incubator program at E-commerce Park of Sweden has now been made public. For the first time, participants are involved in both the e-commerce track and the sustainability track, which focuses on circular business models. One aspect that sets Future Retail Incubator apart from other incubators […]
Medbeat Secures Investment on Dragons Den, Valued at € 7 Million
Malmö-based Medbeat, founded by Erik Rask, recently secured € 135.000 from three investors on SVT’s Draknästet, the Swedish version of Dragons Den, valuing the company at over € 7 million (84 million SEK). Medbeat offers a wearable ECG device, allowing clinics to monitor patients effectively. The investment exceeded Rask’s initial request of 1 million SEK […]
Wolfpack Raised € 1 Million Seed Investment Despite Resistance from VCs
Copenhagen-based fintech startup Wolfpack announced recently that they had secured about € 1 million in seed funding to enhance its expense management platform, backed by a group of experienced business angels. The startup, which streamlines expense management by consolidating invoices, company cards, and reimbursements into a single system, plans to use the funds to enhance […]
Cerebriu Secures €17.4M to Expand AI-Powered MRI Solutions Globally
Earlier this month Copenhagen-based Cerebriu, who provides an AI-powered solution that optimizes MRI workflows, announced they raised € 17.4 million in a Series A funding round. The round was led by North Ventures, with continued support from EIFO and Sagitta Ventures. The funding will accelerate the expansion of Cerebriu’s Apollo software, improving efficiency and reducing […]
Orbital Systems Sees 94% Revenue Growth in 2023 as Global Expansion Continues
Malmö-based smart water solutions startup Orbital Systems has reported a impressive 94% increase in net revenue, reaching € 14 million (SEK 156 million) for 2023, as reported by Swedish Tech News. Despite a pre-tax loss of € 9 million (SEK 102 million), this marks an improvement from € 11 million (SEK 126 million) in 2022. […]
Scandinavian Biolabs Secures €4 Million to Expand Hair-Loss Product Range
Copenhagen-based D2C brand Scandinavian Biolabs has raised €4 million in a funding round led by Auréa Group, joining existing investor Blazar Capital, reports EU-startups. Founded in 2020, Scandinavian Biolabs has established itself as a leader in non-invasive, science-backed hair-loss solutions, with their Bio-Pilixin Activation Serum gaining significant popularity. “We’ve built a strong foundation with our […]