News February 20, 2024: Airpelago, Arevo, Tango, xTactor, BuddyPro, Go North, Nano Textile Solutions, Truckzter, Österlen Greens, and more

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

Funding news

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Airpelago (Gothenburg, support software for efficient inspections of linear infrastructure with drones, founded 2018): SEK20M (€1.8M, $1.9M) from existing investors such as VEQ, for the expansion into the UK, France, Spain, the German speaking countries, and Poland. In 2023, Airpelago's revenue was SEK11.5M (up 3X YoY). The company aims for SEK30M in 2024 (Swedish, machine translation).
In Fever's recent €10M seed funding round (covered last week), the Stockholm-based API-centric platform for virtual power plants reportedly was valued at SEK489M, post-money (Swedish / Breakit paywall).

Unannounced funding

Arevo (Umeå, precision nutrition technology to grow healthy plants with zero leakage, founded 2015): SEK75M (€6.7M, $7.2M) in a funding round led by Industrifonden, with participation from existing investors including Fort Knox Förvaring, Navigare Ventures, and Stora Enso Skog. The pre-money valuation was SEK100M, up 17% from 2020, after the company raised its previous funding round amounting to SEK30M. Total funding is now up at around SEK110M. 📈 Recent financial figures UPDATE MARCH 26: The round has now been officially announced. Unannounced funding news continue below...