News March 21: Altris, Chronos Care, Flowscape, Corlin Eyewear, Olivia, Vividye, Bright Day Graphene, Enphasys and more

Here is today's curation of news from Sweden's startup and tech sector.

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Financing rounds

  • Altris (Uppsala, developer of sustainable sodium-ion batteries): SEK100M (€9.6M, $10.5M) in a Series A round from new and existing investors, including Molindo Energy, Northvolt, and EIT InnoEnergy (English, Swedish).
  • Chronos Care (Stockholm, digital diabetes care): SEK15M (€1.4M, $1.6M) from angel investors such as Anders Lönnberg, Mark Hauschildt and Alex Stendahl (Swedish, machine translation).
  • Flowscape (Stockholm, digital workplace solutions): SEK12.5M (€1.2M, $1.3M) through a directed share issue (Swedish, machine translation).
  • Corlin Eyewear (Stockholm, online store for sunglasses): SEK2.1M (€200K, $220K) from E-business Partner and Bank Bergström (English, Swedish).
  • Olivia (Stockholm, digital menopause coach app): SEK2M (€190K, $210K) from Add Health Media, Propel Capital, as well as angel investors Maria Andark, Carolina Siljö, and Fiona Pathiraja (Swedish, machine translation).

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News from Swedish startups, the tech sector and VCs

  • The European Commission has selected 50 women-led deep-tech startups for its Women TechEU pilot program, among them 3 Swedish companies: Vividye, Bright Day Graphene, and Enphasys (English).
  • Profile of Swedish company 4C Strategies, which provides "organisational readiness and military training management solutions". The 20-year old company from Stockholm has clients such as the UN, NATO, ECB and the Armed Forces of Sweden, UK, US and Canada (Swedish, machine translation).
  • Publicly listed Swedish investment firm Flat Capital managed to raise SEK77.2M (€7.4M, $8.2M) - only around 40% of the intended amount - in its recent rights issue (Swedish, machine transation).

Other interesting things from the startup/VC world & beyond

  • Sequoia launches an accelerator programme in Europe and the US (English / Sifted paywall, alternative URL).
  • Longread on OpenAI’s new tool "Copilot" which can autocomplete lines of programming or conjure software from a simple prompt (English / Wired paywall, alternative URL).

Other interesting things from Sweden

  • Zlatan Ibrahimović biopic hits cinemas in Sweden (English).
  • ABBA’s Bjorn Ulvaeus and Conni Jonsson, the chairman of EQT, reportedly plan to raise as much as $1.1B for a new fund investing in music catalogs (English / Bloomberg paywall, alternative URL).
  • Sweden is re-building its emergency prepardness capabilities, after they were abandoned during the 1990s (Swedish, machine translation).
  • And an interesting infographic to wrap up (via):

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm