News December 21, 2022: Ekkono, LEIA, NODA, Curb Food, Momang, Radinn, Techstars Stockholm and more

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

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Funding news

  • Ekkono (Varberg, embedded edge machine learning library, purpose-built for IoT): €2.5M ($2.7M) mix of grant & equity from EIC Accelerator (English).
  • LEIA (Stockholm, health app for new mothers): SEK14M (€1.3M, $1.3M) from People Ventures, Norrsken and Unconventional Ventures. Previous investors The Case For Her, Liseno and Octaquest also participated (Swedish / Di Digital paywall).
  • NODA (Karlshamn, AI solutions for optimization of district energy grids and for energy efficiency in buildings): SEK5M (€450K, $480K) from previous investor CapSek and other undisclosed investors, for the continued expansion in the German market as well as into the UK and US (Swedish, machine translation).

>> 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

  • Curb Food, Stockholm-based dark kitchen operator founded in 2020, is shutting down due to the "uniquely weak capital market". The company has raised €23.2M (Swedish, machine translation).
  • Momang, Stockholm-based SaaS competence selling tool for consultants and advisors, is now using generative AI to automatically create project descriptions for its users' CVs (English). When I asked co-founder and CEO Linda Wennerström for a demo, she actually recorded a "personalized" video showing the tool in action.
  • Interview with Mathias Bergman, CEO of Malmö-based maker of electric boards for water sports Radinn, on the path and the challenges of scaling up the company from being a toy for the yachting people — to reaching the mass-market (English).
  • Techstars Stockholm is looking for a Program Manager (English).

Other interesting things from the startup/VC world & beyond

  • Antler published a generative AI market map including over 160 platforms (English).
  • Despite an ugly environment for public listings, cloud database company MariaDB went public at the NYSE through a SPAC. CEO Michael Howard's reasoning for the move: The alternative of remaining private and "begging investors for cash is a horrible place to be right now" (English).
  • Danish wind power giant Orsted A/S will make green shipping fuel at new big plant to be constructed in Sweden (English / Bloomberg paywall, alternative URL).
  • Gothenburg is getting a direct flight connection to New York, operated by SAS and starting in April 2023 (English, Swedish).


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: