News February 9, 2024: Xensam, Lesslie, Polar, Fluicell, Ella, Vässla, Wedsly, Stockeld Dreamery, 11 new Swedish tech startups, Rule, and more

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Funding news

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  • Xensam (Stockholm, software asset management platform, founded 2016) announced the growth funding round from Expedition Growth Capital which I covered in the "unannounced funding" section on January 11. The confirmed amount is $40M, though an unspecified part of it represents a secondary transaction. TechCrunch quotes the investor with the words "Xensam is one of the most impressive European growth companies we’ve come across". (English, Swedish / Di Digital paywall).
  • Lesslie (Stockholm, solution that helps businesses to save time and money on cross-border payments, founded 2020): SEK18M (€1.6M, $1.7M) in an oversubscribed funding round led by Wellstreet, with participation from existing investor Quinary, as well as angel investors David Craelius and Erik Seifert (Swedish, machine translation). The company cites "over 500% growth for 2023". This would translate into a bit more than SEK2.1M in net revenue, as the company reported net revenue of SEK350K for 2022. Lesslie raised its previously round in spring 2023, amounting to SEK10M, at a post-money valuation of SEK130M, according to Bolagsverket. The new valuation is not known at this point. Funding news continue below...
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: