News March 8, 2024: Legitify, Botanium, Aniara, Sand Clinic, Safety by Cilia, Endbright, Swish, Feelingstream, Chalmers Ventures, Aerit, 14 new Swedish tech startups, and more
Here are today's news from Sweden's startup and tech sector.
Funding news
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・All funding rounds
・New Swedish tech startups
・Bankruptcies and shutdowns
- Legitify (Stockholm and Dublin / Ireland, digital notarization platform, founded 2020): €1.5M ($1.6M) in a seed funding round led by UK-based VC firm Verb Ventures, with participation from Enterprise Ireland, Actium Partners, Redbay Ventures, and others (English). Legitify was incubated by Antler in Stockholm.
- In a follow-on investment, H&M Group participated in a €13M funding round raised last summer by Finnish startup Infinited Fiber Company, which develops a technology that turns "textile waste into premium-quality, circular textile fiber" – similar to what now bankrupt Swedish Renewcell attempted. In an additional €27M funding just closed, Infinited Fiber Company also brought H&M competitor (and Zara owner) Inditex Group in as investor (English, Swedish / Di Digital paywall).