News March 20, 2024: Vässla, BLIXT, Flower, Celwise, Vidde, Creative Database, VivoLogica, Validio, Biosphere Intelligence, Ella, Gordon, 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 & acquisition
- The bankruptcy estate of Stockholm-based micromobility company Vässla was acquired by two Swedish business men, Mikael Andersson and Paul Frankenius. The duo paid SEK4.2M (€370K, $400K) and is restarting operations (Swedish / Di Digital paywall). Vässla declared bankruptcy around a month ago.
Funding news
⬜️ publicly traded
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・Bankruptcies and shutdowns
・All funding rounds
・New Swedish tech startups
・Bankruptcies and shutdowns
- BLIXT (Stockholm; developer of miniature, solid state circuit breakers and next gen modular multilevel converters, founded 2018): €5M ($5.5M) in a seed funding round co-led by US-based Union Square Ventures (USV) and UK-based Energy Revolution Ventures (ERV) (English). The startup has previously raised €2M in funding from BayWa r.e. Energy Ventures, Third Derivative, and angel investors. 📊 Recent financial figures
- Flower (Stockholm; software platform for energy forecasting, optimization and trading founded 2020): undisclosed amount in debt funding from Norion Bank, "with the aim of partially financing future investments" (English). As covered last week, Flower grew 2023 revenue by 10x to around SEK100M, while delivering a break-even result.
- Update on the $1.5M seed funding round announced by Crypto Rogue Games two days ago: The pre-money valuation was SEK156M, according to data that was just registered with Bolagsverket.