News March 12, 2024: Voi, Enduce, Speqta, Nordic Air Defence, Aira, Semanttic, Swedish AI Startup Landscape, ScreenshotMagic, Boneprox, Ensotech, 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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  • Voi (Stockholm, e-scooter provider, founded 2018): $25M in an oversubscribed financing round from existing investors including VNV Global, Raine Group, Nineyards Equity, Balderton, Creandum, Project A, Stena, and Black Ice Capital. Founders and employees participated in the round as well. The company also secured an unspecified amount in debt financing for vehicles. The fresh capital will be used for scaling the fleet and "seizing the opportunity presented by growing consumer demand and the rapid consolidation in the industry". Voi expects this funding to bring it to full profitability. According to Di Digital, the pre-money valuation was $355M. Voi cites Germany, the UK and Sweden as its biggest markets, in that order (English, Swedish / Di Digital paywall).
  • Enduce (Umeå, technology for energy recovery from shower water, founded 2021): SEK5.2M (€460K, $500K) from undisclosed investors, at a pre-money valuation of SEK15.8M. The company has previously raised SEK10M in equity funding, from Fort Knox and angel investors (Swedish / Impact Loop paywall).
  • Speqta ⬜️ (Stockholm, SaaS services for independent ad-spending, founded 2003): SEK55M (€4.9M, $5.2M) through an oversubscribed directed share issue to Fåhraeus Startup and Growth Fund, Solberget Invest, and Speqta board member Mikael Lindblom. The issue entails a dilution of approximately 33.5% of the number of shares and votes in the company. Speqta currently cites an ARR of around SEK65M (English).
  • Update on the SEK25M funding announced by Multi4 last week: The pre-money valuation was SEK320M, according to data that was just registered with Bolagsverket (via Eivora).
  • Volvo Cars Tech Fund has invested an undisclosed amount in Breathe Battery Technologies, a UK-based software startup working on improving battery performance. Volvo will also integrate the solution in Volvo Cars' in-house developed battery management platform (English).
  • In a follow-on round, Creandum is participating in a $10M funding round raised by UK-based startup Packfleet, which operates a fleet of self-described “carbon neutral” courier vans (English).

News from Swedish startups, the tech sector and VCs

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: