Sweden

Stockholm — A Swedish deep technology company N-ink is announced as the winner of a science challenge by Voima Ventures, an early-stage investor based in Helsinki and Stockholm. The challenge targeted Nordic and Baltic early-stage startups and research teams with groundbreaking science-based innovations. By winning the challenge, N-ink secures a €1M investment as a convertible note from Voima Ventures. Out …

Last week I had a pleasure to join the 2nd ever NORDEEP 2023 Summit, to see and hear what’s happening in Deep Tech scene within the Nordics. The opening keynote insights were given by Risto Siilasmaa, and that paved the way for this 2 days conference for a good crowd of attendees mainly from Finalnd and other Nordic countries. Risto …

The term “Crowddroning” means to unleash thousands of drones and their operators to provide ultra high resolution Earth observation data from every corner of the earth. This way, the collected data supplements the underused information the numerous satellites have to offer. The data itself is ready-to-analyze high-resolution data, straight to any server so the clients of GLOBHE can focus on …

The biggest Danish and Swedish esports teams, Astralis and Ninjas in Pyjamas, have come together to attract game development talent to Greater Copenhagen. The partnership launches ahead of Denmark’s biggest esports event to showcase the significant organizations and career opportunities in the region following a shortage of game developers Copenhagen Capacity and Invest in Skåne, the official investment promotion agencies …

Sweden and Ukraine have had a close tech exchange for many years. To further cooperation between the countries, the Sweden-Ukraine Business Forum was founded by the Swedish Embassy in collaboration with the business community. On November 18, ministers, leaders of large export companies and tech startups will gather for the ninth year in a row in Stockholm. Sustainable tech focus …

In the past couple of years their has been an increase in Swedish eCommerce as a result of the pandemic. In an interview, Per Ljungberg, the chief executive officer at Svensk Digital Handel, mentioned that three out of four people in Sweden didn’t shop online ever before March 2020. However, experts suggest that the new first-time consumers are here to …

Opibus, Sub-Saharan Africa’s leading electric vehicle manufacturer, announced that it has raised $7.5 million in funding led by Silicon Valley fund At One Ventures, further supported by Factor[e] Ventures and Ambo Ventures managed by former Google and Uber executives. The investment is the largest ever in an electric mobility company in Sub-Saharan Africa and is aimed to scale its operations …

This week, tech platform Intuit announced they are acquiring marketing firm Mailchimp for $12bn. Altanta-based Mailchimp has grown to its 2.4 million monthly active users without raising a single dollar of external funding, making the exit a lucrative one for the owners. The owners of Mailchimp are its two founders.  Also this week, Stockholm-based caller-identification service Truecaller confirmed its intention …

Elbyte started as a page with detailed guides about the Swedish electricity market, but now you can also compare and find cheap electricity prices and electricity agreements in their comparison service. Elbyte was started with a passion for sustainability and how you as a consumer of electricity could reduce your consumption. The founders of Elbyte felt that more sustainability is …

Getting through the Nordic winter is trying at the best of times. The previous months have provided few hours of sunshine but an infinite amount of “recommendations” (it is to date not legal for the Swedish government to e.g. enforce a lockdown) formulated in almost as many ways as there are media outlets. The Nordics are the societies in the …

Since launching its report on who funds whom in the Nordics, together with partners like Startup Sweden and NVCA, the team at Unconventional Ventures have been busy. They recently launched the UV Syndicate, giving everyone the opportunity to co-invest in, by UV vetted, startups at pre-seed and seed stages. Today they announce the first digital accelerator targeting underrepresented founders based …

Mbegu Solar AB was founded in 2020 and its team is based in Stockholm, Lund and Nairobi. They bring solar products in a completely new format to the East African market and target micro-entrepreneurs as opposed to the end consumer. Solar products are already widely available all over the world for off grid electricity, but Mbegu Solar states this is …

Statistics show we have collectively stigmatized randomly phoning someone up and as a result, over the past decade, the number of texts sent monthly have increased with 7,700% and US smartphones users allegedly receive and respond to 5x more texts than phone calls. We have built handheld walls against direct interactions at the same time as social platforms have moved …

Sigma Software has become an official partner of SSE Business Lab, startup incubator of the Stockholm School of Economics, which provides a platform for growth to exceptional entrepreneurs. The Stockholm School of Economics is a world-known business school with a rich history and is internationally recognized in The Financial Times Business Education Rankings. Their incubator, SSE Business Lab, is open …

The Creandum funds won the “Venture Capital Fund of the Year” award at the 17th Investor Allstars event last night distinguished with the honors due to the outstanding performance over the previous year driven by exits from Spotify, iZettle, Small Giant Games, and Elastic. According to industry experts, the Creandum II fund is the best European institutional venture fund to …

PINC is Paulig Group’s corporate venture capital unit. We sat down with the head of PINC, Marika King, for a Q&A to learn more about their investment thesis and how they’re shaping the future of taste. What is PINC? PINC stands for Paulig Incubator and is the innovation and venture arm for radical innovation within the Paulig Group. We were …

The Nordic Game Awards (NGA) ceremony takes place during Nordic Game Conference (NG) – the largest annual gaming conference in Northern Europe. NG was first held in 2004 in Malmö, but NGA was introduced only in 2007. The event gathers more than 2000 game-related experts, programmers, designers, managers, and entrepreneurs from Denmark, Finland, Iceland, Norway, and Sweden. Of course, attendees …

BaltCap, together with JBIC IG Partners, a Japanese government backed private equity and venture capital firm, is establishing a new €100m fund focusing on venture capital investments in the field of industrial technology in the Nordic and Baltic region. The fund was announced at Slush 2018 and is launching this year. JB Nordic Ventures is a 50/50 joint venture between BaltCap,  …

The founders behind Sweden’s Included.Works, the platform that helps companies with recruiting through crowdsourcing, have developed a new service: ProgressData.io. The service makes it possible for companies to keep track of diversity within their company and give insight into how they can develop it. “We started addressing the problem with homogenous companies with our recruiting service Included.Works, which gives a …

Once upon a time, Klarna was a simple startup based in Sweden. It emerged in Stockholm in 2005, and basically facilitated one-click online purchasing via email and postcode. By Anne Gibbons Klarna has since become one of the most influential fintech companies in Europe, but for those who don’t use it, the process is straightforward. An internet retailer equipped with …