News December 16, 2022: Curest, MyMOWO, Aerit, Candela, Fenix and more

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

This post has been unlocked and made available for free a month after publication.

Subscribe to Swedish Tech News to get access to a daily newsletter that brings you a brief overview of news from the Swedish startup & tech sector, curated by Martin Weigert.

Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!

Funding news

  • Curest (Luleå, VR-based rehabilitation solutions to treat neck-related injuries): SEK8M (€720K, $770K) from Fort Knox, Saminvest and unspecified existing shareholders (Swedish, machine translation).
  • MyMOWO (Östersund, subscription app for location-independent fitness exercises): SEK4M (€360K, $385K) from Entreprenörinvest Sverige. Other unspecified new and existing investors participated as well. The company says it has 40,000 registered users. Last year, MyMOWO's revenue crossed the SEK6M mark (Swedish / ÖP paywall).

>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups.

News from Swedish startups, the tech sector and VCs

  • Aerit, Stockholm-based sustainable drone delivery startup, completed a pilot project with grocery chain ICA to offer grocery drone delivery across a 100 square kilometer (38 square mile) area in Norrtälje, Sweden. Aerit plans to launch continuous delivery services in select areas around Sweden next year (English).
  • The carbon footprint of the electric hydrofoil ferry developed by Swedish startup Candela – which will be tested in Stockholm next year – over a life cycle of 30 years is 97.5% smaller than of a comparable diesel ferry. That's according to a new KTH study cited by Candela in a press release (Swedish, machine translation).
  • Fenix, Stockholm-based digital provider of funeral services, is broadening its approach, aiming to offer tools for "generational planning", which also includes financial services (Swedish / Breakit paywall).
  • Newly minted VC at byFounders, Magnus Hambleton, who during his previous work with product and growth at Natural Cycles focused on machine learning, penned a blog post outlining his thoughts on the state and future of AI (English).
This week, I've added 7 new Swedish early-stage tech startups to my subscriber-exclusive tracker (log in with your subscriber email).

Other interesting things from the startup/VC world & beyond

  • Cherry Ventures' memo for founders on the 2023 market outlook (English).
  • OpenAI expects to generate $1B in revenue by 2024 (English).
  • McKinsey published a report on the state of AI in 2022, including a review of the past years (English).


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: