News February 21, 2024: Digmi, Qura, ImagineCare, Lumentric, Yes.inc, Aerit, Steep, Walkbeat, LSI Epsilon, Rocksigma, and more
Here are today's news from Sweden's startup and tech sector, exclusively for you as subscriber of Swedish Tech News PRO.
🚨 Quick programming info: Tomorrow's and Friday's newsletter will come later than usual (probably after 20:00/8 PM CET) and contain only the most important news in brief, as I will be attending The Tech Arena. I never go to tech conferences otherwise, but this one calls for an exception. Thanks for understanding!
Funding news
⬜️ publicly traded
As subscriber of Swedish Tech News PRO you have access to the exclusive, daily updated Google Sheets which include:
・All funding rounds
・New Swedish tech startups
・Bankruptcies and shutdowns
・All funding rounds
・New Swedish tech startups
・Bankruptcies and shutdowns
- Digmi (Jönköping, provider of customized tablet subscriptions for hair salons, founded 2021): SEK5.5M (€490K, $530K) in an oversubscribed funding round from unspecified new and existing investors, at a valuation of SEK75M (Swedish, machine translation). 📊 Recent financial figures
- Qura, formerly Lawlabs (Stockholm, upcoming solution that's aiming to simplify legal research with AI, founded 2023): SEK4M (€360K, $390K) in pre-seed funding from undisclosed "prominent law experts" (Swedish / Breakit paywall). The company started as "Lawlabs", and was part of the SSE Business Lab incubator program in 2023. ℹ️ I added the company details on June 12, 2023 to the early-stage startup tracker page.
Unannounced funding
- ImagineCare (Stockholm, provider of a digital health self-monitoring solution, founded 2016): SEK15M (€1.3M, $1.4M) from undisclosed investors, at a pre-money valuation of SEK116.2M, down 39% from late 2021, after the company raised its previous funding round, amounting to SEK30.5M. Total equity funding registered with Bolagsverket since the start now amounts to over SEK140M, raised from Tagehus Holding, Palmstierna Invest, Concejo, and others. For 2022, ImagineCare reported net revenue of SEK8.7M (up almost 5x YoY), and a loss of -SEK14.7M.
- Lumentric (Malmö, SaaS company providing revenue-generating solutions for B2B companies, founded 2020): SEK750K (€67K, $72K) from one angel investor, a Swedish tech entrepreneur based in the US. This is the first outside funding, and was raised at a pre-money valuation of SEK17M. For 2022, Lumentric reported net revenue of SEK4.5M, up 40.6% YoY.
The information in this section is based on public data registered with Bolagsverket (Swedish Companies Registration Office), and represents a curated, non-exhaustive selection.
Data from Bolagsverket is sourced via Eivora.