News November 15, 2022: 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, Brofund, 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).


That's it for today.

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: