News March 15, 2024: Bruce, Sparsit, Medoma, Melt&Marble, Airinum, Jiroy, YEoS Ventures, 12 new Swedish tech startups, 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
- The Axel Johnson-owned Swedish investment company Novax increased its stake in nine-year-old Stockholm-based fitness studio subscription service Bruce to 75%, thereby becoming the majority owner. Back in 2019, Novax (through a differently named vehicle) invested SEK20M in Bruce. Today, Bruce offers access to 900 gyms across Sweden, Norway and Denmark. Net revenue in 2023 reached close to the SEK100M (€9M, $10M) mark, up 67% YoY (Swedish, machine translation).
Funding news
⬜️ publicly traded
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・All funding rounds
・New Swedish tech startups
・Bankruptcies and shutdowns
- The Inner Foundation has invested an undisclosed amount in US-based startup MANUAL, which offers a digital engagement platform, designed to support and meet the unique needs of emerging adult men within higher education in the US (English).
Unannounced funding
