News August 17, 2022:, bld, Syndata, Cetasol, Airinum, ArK Kapital, Tiptapp and more

Here is today's curation of news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.

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Funding news

  • (Stockholm, digital healthcare provider): SEK280M (€26M, $27M) at a post-money valuation of SEK6B (€570M, $580M) – slightly higher than the most recent valuation from 2021 – from new investors such as Gustaf Hagman and Saeid Esmaeilzadeh, and existing ones including Tencent and Bonnier Ventures (English, Swedish / DI Digital paywall, Swedish#2).
  • bld (Stockholm, upcoming social media app where real people are sharing real life experiences): SEK12M (€1.1M, $1.2M) from angel investors, among them Hélène Barnekow, Fredrik Hjelm, Viktor Frisk, Moha Bensofia and the family offices Åhman and Sahlén. According to founder Claes Mårtén, the round was raised at a valuation of SEK100M. The app is expected to be launched in Sweden in fall, followed swiftly by the US market  (Swedish / DI Digital paywall).
  • Syndata (Stockholm, synthetic data generation platform): SEK2.2M (€210K, $210K) from undisclosed angel investors, the company's founders and Connect Öst (English).
  • Partinc Capital invested an undisclosed amount in Finnish cloud-based sales platform Seidat (English).
  • Kale United participated in a $500K pre-seed round raised by Iceland-based plant-based seafood startup Loki Foods (English).

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News from Swedish startups, the tech sector and VCs

  • Gothenburg-based startup Cetasol, founded in 2021, is creating AI-powered energy optimization solutions for small and medium-sized vessels. In a pilot test conducted in the Gothenburg archipelago, captains were able to cut fuel consumption by 17% on average by changing their driving patterns (English)
  • Airinum, Stockholm-based maker of "urban air masks" founded in 2015, is feeling the "post-pandemic" hangover, by seeing a lot of its Covid-related spike in demand disappear. Now the Stockholm-based company is pivoting back to its original product story: to reduce the health effects of climate change (Swedish, machine translation).
  • ArK Kapital, Stockholm-based alternative lending provider for startups, is heavily expanding its tech team and has grown to 40 employees within less than a year. The company says it has around 30-40 customers on its platform, which are accessing loans ranging from SEK10 up to SEK100M (Swedish / Breakit paywall)
  • In Berlin, Stockholm-based app startup Tiptapp, which helps people move things in and out of their home, got the official blessing from and secured a partnership with the city's waste management company BSR, which is actively promoting the service for bulky waste disposal (English).

Swedish tech earnings reports

Other interesting things from the startup/VC world & beyond

  • 87% of 133 startup employees that participated in a Sifted survey said that working at a startup had negatively impacted their mental health at some point. Likely selection bias, but still (English).
  • When hiring indepentend board members, founders should look for 5 personas that add value: the CEO whisperer, the voice of the customer, the industry expert, the functional expert, and the public readiness expert (English).
  • Sweden led the Nordics in 5G median download speeds in Q2 2022, Denmark on 5G availability (English).
  • Sweden is relying on an old oil-fired power plant to keep the lights on in the south as a dearth of wind generation and nuclear outages sends prices to a record (English / Bloomberg paywall, alternative URL).


That's it for today.

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: