News April 9, 2024: Plant, Mat4Green, NOQX, VetAtHome, ihopa, Cavis, and more
Here are today's news from Sweden's startup and tech sector.
As mentioned yesterday, I publish today's newsletter a bit later due to travel. Also, coincidentally, today was an unusually slow news day for a Tuesday – so the curation is shorter than usual.
Funding news
⬜️ publicly traded
As subscriber you have access to the exclusive shared Google Sheets which include all funding rounds, as well as the list of new Swedish tech startups. Updated daily. NEW: There is now also a sheet for tracked bankruptcies.
- Plant (Stockholm, SaaS solution for the real estate and construction sector to identify and reduce the climate impact, founded 2017): SEK25M (€2.2M, $2.4M) from Latour Future Solutions, Almi Invest Greentech, and Course Corrected (Swedish, machine translation). A year ago, Plant raised SEK6M from AGV Invest. According to data registered with Bolagsverket and sourced via Eivora, total funding before this new round was around SEK13M. For 2022, Plant reported net revenue of SEK7.6M (up 2x YoY), and a loss of -SEK3.4M.
- Mat4Green (Gothenburg, provider of solutions for Indium tin oxide production and indium recycling, founded 2017): SEK6M (€520K, $570K) in equity funding from new investor Jovitech Invest, and existing investor Chalmers Ventures. This is the company's first "larger" funding to date. Additionally, the startup secured a SEK3M grant from the Swedish Energy Agency (Swedish, machine translation).
- Update on the first funding round raised by NOQX, which I covered in the "unannounced funding" section on March 18: The participating angel investors have now been announced, and they include Maria Hedengren, Aref Abedi, Niklas de Besche, and the US-based angels Giles Whiting and Philip Chambers (Swedish / Breakit paywall).