News May 24, 2024: Doconomy, Modvion, Ljusgårda, Yabie, Braindump, Covr Security, Subscriby, Haven, Slipp, 15 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.

Funding news

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  • Doconomy (Stockholm, creator of climate-friendly fintech solutions, founded 2018): SEK395M (€34M, $37M) from (mostly) existing investors such as Clearvision Ventures, Commerz Ventures, ABN Amro, Ålandsbanken, Mastercard, S&P Global, Six, Post Finance, UBS, and Carsten Kengeter, former CEO of Deutsche Börse. Around half of the amount was paid by by set-off of previous debt. The pre-money valuation was around SEK300M, down 80% from one year ago, after Doconomy acquired Dreams Technology and paid with equity (Swedish / Di Digital paywall). In 2021, Doconomy raised its previous round of around $19M (including a $2M extension). 📊 Financial figures until and including 2022
  • Modvion (Gothenburg, developer of modular wind turbine towers in laminated wood, founded 2015): SEK20.6M (€1.8M, $1.9M) grant from the Swedish Energy Agency (Swedish, machine translation). In early 2023, the company raised its most recent equity funding, amounting to SEK125M.
  • Ljusgårda, aka Supernormal Geens (Tibro, vertical farming startup, founded 2017): SEK1M (€86K, €93K) grant from Vinnova, for a project that aims to develop and validate the use of advanced AI/ML and sensor technology to optimize cultivation in controlled ecosystems (English). In fall 2023, the company raised its most recent equity funding round of SEK87.5M.

Unannounced funding

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: