News November 15: Hedvig, Sesamy, Safeture, Navari, Cresponix, Bumpy, Powermind, C-Green and more

Here are today's news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.

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Funding news

  • Hedvig (Stockholm, digital insurance provider): SEK84M (€7.8M, $8.1M) from new investors Neptunia Invest and Holta Invest, as well as existing shareholders Anthemis, Cherry Ventures, Commerz Ventures and Obvious Ventures. The round valued Hedvig at SEK950M – 40% lower than when the company raised its Series B in September 2021 (English, Swedish).
  • Sesamy (Stockholm, pay-as-you-go content service): $3.4M in a seed round led by GP Bullhound, with participation from Co_Made, Tham Invest, Brofunds, Hållbar and the Sesamy founding team themselves (English).
  • Safeture (publ) (Lund, employee safety platform): SEK27.1M (€2.5M, $2.6M) through a rights issue (Swedish, machine translation).
  • Navari (Gothenburg, AR-based software tool for minimally invasive liver surgery): SEK7.5M (€700K, $720K) in a pre-seed round from Almi Invest, Chalmers Ventures, GU Ventures, VASA Angels and angel investors Peter Rundlöf, Tommy G. Klein, Kristoffer Klein, Michael Frisk, Kristoffer Kullberg and Fredrik Westman
    (English, Swedish).
  • Cresponix (Örebro, technology for sustainable land-based shrimp farming): SEK3M (€280K, $290K) from angel investor Pär Svärdson (Swedish, machine translation).
  • Bumpy (Stockholm, fertility support app): undisclosed amount from angel investors such as Karin Forseke, Caroline Hjelm, Niklas Lundberg, Johanna Öberg, Sofia Wingren, and Johan and Elisabeth Blomquist (Swedish / Breakit paywall).

>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups.

News from Swedish startups, the tech sector and VCs

  • Powermind, Stockholm-based startup founded and led by Lovisa Strömsholm offering a mobile app for hypnosis, launched a version for Spanish speaking markets and is gearing up for the release of an English version (Swedish, no machine translation available).
  • Profile of C-Green, Stockholm-based startup founded in 2015 that specializes in technology to convert wet biowaste into solid hydrochar. CEO Michael Sjöberg says the company plans to raise around SEK220M (€20.3M, $21M) during the coming months (Swedish, machine translation).
  • Brite, Stockholm-based provider of payment solutions based on direct bank-to-bank technology, is expanding into the Baltics (English).
  • Sting published version 1.0 of of a map showing Sweden's hottest healthtech startups in 2022 (English).

Other interesting things from the startup/VC world & beyond

  • Pan-European provider of non-dilutive growth capital for software and technology companies Round2 Capital has raised €62M on the path to its €100M target, and it's now preparing to find as many as 40 portfolio bets across Europe, especially in Nordic and DACH (Germany, Austria and Switzerland) markets (English).
  • There’s been a 35% drop in the number of European startups advertising fully remote roles in the last 12 months (English).
  • "Better managers enable more efficient organizations. Companies who ignore span of control grow soft in the middle" (English).
  • 72-year-old climate activist Dorothee Hildebrandt cycled more than 8,000km from Sweden to Egypt (English).
  • The Department of Physics at Umeå University has a new laser system which is "the most powerful in Sweden, and one of the most powerful lasers in the world" (English).
  • Inflation fell slightly more than expected to 9.3% in October, from 9.7% in September (English, Swedish).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm