News April 30, 2024: Oh Mungood, NorrWatt, Dreams, Eneryield, Simplex Motion, Green City Ferries, Ablemind, Bootlr, Fenix Solar, and more

Here are today's news from Sweden's startup and tech sector, exclusively for you as subscriber of Swedish Tech News PRO.

🚨 Tomorrow (Wednesday) is public holiday in Sweden. The next issue of Swedish Tech News PRO will reach you on Thursday, May 2.

Funding news

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・New Swedish tech startups
・Bankruptcies and shutdowns
  • Oh Mungood (Stockholm, developer of mung bean based food, founded 2020): undisclosed amount from several private investors, including Ludvig Friberger. The startup, which was founded by Caroline Nilsson (also CEO), is currently expanding into the German market (Swedish, machine translation). Previously, Oh Mungood registered total equity funding of SEK6.6M with Bolagsverket. 📊 The company just published its financial report for 2023, which reveals a net revenue increase of 5x YoY, to SEK5.3M. Loss was -SEK3.3M, vs -SEK4.7M in 2022.
  • NorrWatt (Umeå; provider of battery solutions, grid balancing support services, and solar installations, founded 2023): undisclosed amount in first outside funding from Ekström Invest (Swedish, machine translation). 🆕 More information about this new company on the early-stage startup tracker page, and in the "new startups" Google Sheet.

Unannounced funding

Martin Weigert

Martin Weigert

Martin is the founder of Swedish Tech News. Every day he spends many hours gathering and curating the latest from Sweden's startup & tech sector. Contact: m@swedishtechnews.com
Stockholm