News February 28, 2024: INBooks, Compular, Qlucore, Bionamic, Sellto, Cloud Family, Combify, Arboair, PryvX, Emission Twin, Humy, Bolagspartner, Adstuff, byWiT, and more
Here are today's news from Sweden's startup and tech sector, exclusively for you as subscriber of Swedish Tech News PRO.
Mergers & acquisitions
- Following the bankruptcy in January, the estate of Växjö-based property management SaaS solution INBooks has been acquired by Norway-headquartered software company 24SevenOffice Group for SEK200K (€18K, $19K). Breakit writes that INBooks as recently as last year raised SEK46M from its biggest shareholder Stora Frö Invest (Swedish / Breakit paywall).
- Swedish private equity firm Nordic Capital acquires a majority stake in ActiveViam, an US-based provider of advanced analytics for financial institutions founded in 2005. The price was not disclosed (English).
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
- Compular (Gothenburg, next generation computational tool for material development, founded 2020): €5.3M ($5.7M) in a mix of equity and grant funding from the EIC Accelerator (English). The startup has previously raised around SEK5M in pre-seed funding from Icebreaker.vc and Chalmers Ventures.
- Qlucore ⬜️ (Lund, provider of visualization-based software for research-oriented data analysis and precision diagnostics, founded 2007): €2.5M ($2.7M) grant from EIC Accelerator (English).
- Bionamic (Lund, SaaS solution for antibody R&D data, founded 2019): SEK4M (€360K, $390K) from new investor I Love Lund and existing investors LU Holding, Fårö Capital AB, and others. Bionamic's revenue in 2023 was SEK1.5M, and the company expects to reach break-even in 2025 (English, Swedish). Previously, the startup raised around SEK20M in equity funding, according to data registered with Bolagsverket (via Eivora).
- MËTTA (Stockholm, maker of a healthy and tasty meal replacement, founded 2020): SEK3M (€270K, $290K) from existing angel investors Tom Johansson (founder of Hooked Foods) and Swedish speed skater Nils van der Poel (Swedish, machine translation).
- Volvo Group Venture Capital has invested an undisclosed amount in Zacua Ventures, a global venture capital fund focused on early-stage technology for the construction industry (English).