> ## Content Index > Fetch the complete content index at: https://www.swedishtechnews.com/llms.txt > Use this file to discover other available public pages before exploring further. # News November 17, 2022: Dema.ai, NitroCapt, Helios Innovations, Juni, Multiply, Sigrid Therapeutics, Grafbase and more - URL: https://www.swedishtechnews.com/news-november-17-2022/ - Published: 2022-11-17T16:00:45.000Z - Updated: 2023-08-12T14:26:10.000Z - Description: Here are today's news from Sweden's startup and tech sector, sent as daily email newsletter exclusively to subscribers of Swedish Tech News. - Author: Martin Weigert - Tags: Daily (PRO), NitroCapt, Helios Innovations, Startup 4 Climate, Juni, Multiply, sigrid therapeutics, sana alajmovic, grafbase, bricknode, Dema, J12, framtid, Luminar Ventures, Behold Ventures Here are today's news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News. 💡 This post has been unlocked and made available for free a month after publication. [Subscribe to Swedish Tech News](https://www.swedishtechnews.com/#/portal/signup) to get access to a **daily newsletter** that brings you a brief overview of news from the Swedish startup & tech sector, curated by [Martin Weigert](http://www.twitter.com/martinweigert). Or, if you prefer a **free weekly newsletter**, [subscribe to Swedish Tech Weekly](https://swedishtechweekly.com/)! ### Funding news - [Dema.ai](https://dema.ai/) (Stockholm, marketing analytics tool for online retailers): SEK40M (€3.7M, $3.8M) in a pre-seed round led by J12 Ventures, with participation from Framtid and other angel investors. One of the founders is Babyshop co-founder and former CEO Marcus Tagesson ([English](https://tech.eu/2022/11/17/demaai-cashes-up-eur4-million-pre-seed-for-ai-driven-marketing-data-insights/), [Swedish](https://www.di.se/digital/babyshops-grundare-startar-nytt-ska-hjalpa-e-handeln-till-vinst/)). - [NitroCapt](https://nitrocapt.com/) (Uppsala, fossil-free nitrogen fertilizers) and [Helios Innovations](https://heliosinnovations.se/) (Lund, technique that utilizes low temperature waste heat to evaporate industrial liquids) are the winners of the [Startup 4 Climate](https://startup4climate.com/) competition. They recieve a cash prize of SEK1M (€92K, $95K) each ([Swedish](https://www.ellevio.se/om-ellevio/nyhetsrum/pressmeddelanden/sveriges-basta-klimatinnovationer-korade-for-tredje-aret-i-rad/), [machine translation](https://www-ellevio-se.translate.goog/om-ellevio/nyhetsrum/pressmeddelanden/sveriges-basta-klimatinnovationer-korade-for-tredje-aret-i-rad/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). - Luminar Ventures led a $2.3M seed round raised by Norwegian autonomous drone delivery startup [Aviant](https://www.aviant.no/) ([English](https://tech.eu/2022/11/17/norwegian-autonomous-drove-delivery-startup-aviant-takes-to-the-skies-with-23-million/)). - Newly founded Swedish VC firm [Behold Ventures](https://behold.vc/) led a $750K pre-seed round raised by Iceland-based e-sports coaching software platform [Esports Coaching Academy](https://www.eca.gg/) (ECA) ([English](https://tech.eu/2022/11/17/iceland-esports/)). \>> Daily updated, subscriber-exclusive [Google sheet](https://docs.google.com/spreadsheets/d/19CzBwRojH%5FK8zin277bpLJ8KCgEUp2AWw%5F%5FJuFUujAs/edit?usp=sharing) with all funding rounds raised by private Swedish startups and scaleups. ### News from Swedish startups, the tech sector and VCs - [Juni](http://www.juni.co), the well-funded Gothenburg-based financial platform for e-commerce, is laying off around one third of its workforce of total 217 employees, in preparation for tougher economic times ([English](https://12ft.io/proxy?q=https%3A%2F%2Fsifted.eu%2Farticles%2Ffintech-juni-second-layoffs%2F), [Swedish](https://www.breakit.se/artikel/35074/nasta-bolag-till-rakning-uppsagningar-pa-juni)). - Stockholm-based startup [Multiply](https://www.multiply.co/) came out of its stealth mode, promising an "AI-first workspace that helps teams get rid of repetitive work". The company was founded 2019 by Swedish serial entrepreneurs Rasmus Adler Wahlberg, Martin Källström and Henrik Eneroth ([English](https://www.linkedin.com/feed/update/urn:li:activity:6998878705389309952/)). - Profile of Sana Alajmovic and her Stockholm-based startup [Sigrid Therapeutics](https://www.sigridthx.com/), where she is working with a team of 11 PhD holders on the goal of stopping Type 2 diabetes before it starts ([English](https://www.pharmavoice.com/news/Sigrid-Therapeutics-Diabetes-Prevention-Sana-Alajmovic/636503/)). - [Grafbase](https://grafbase.com/), Stockholm-based instant serverless GraphQL backend platform, is the first Swedish startup to join the new "Workers Launchpad" funding program created by content delivery network provider [Cloudflare](https://www.cloudflare.com/). The cohort brings together 25 startups and several dozen VC firms – none from the Nordics yet, it seems ([English](https://cloudflare.net/news/news-details/2022/Cloudflares-Workers-Launchpad-Funding-Program-Grows-to-2-Billion-Announces-First-Cohort-of-Startups/default.aspx)). ### Swedish tech earnings - [Bricknode](https://www.bricknode.com/) (Skövde, B2B focused SaaS cloud banking software) published its Q3 2022 interim report ([English](https://news.cision.com/bricknode/r/bricknode-interim-report-january---september-2022,c3660438)). ### Other interesting things from the startup/VC world & beyond - European VC firm [Index Ventures](https://www.indexventures.com/) is launching its second seed fund, of $300M ([English](https://12ft.io/proxy?q=https%3A%2F%2Fsifted.eu%2Farticles%2Findex-ventures-seed-fund%2F)). - PwC published its third annual State of Climate Tech report. Climate tech investment in the 12 months to Q3 2022 represented more than a quarter of every venture dollar invested globally ([English](https://www.pwc.com/gx/en/services/sustainability/publications/overcoming-inertia-in-climate-tech-investing.html)). - A founder guide to dilution through the different funding stages ([English](https://medium.com/pace-ventures/how-much-dilution-should-founders-factor-in-for-financing-rounds-3f817d1ebfe7)). ### Other interesting things related to Sweden - Sweden could finally scrap its historic ban on spontaneous dancing ([English](https://www.thelocal.se/20221116/sweden-could-finally-scrap-its-historic-ban-on-spontaneous-dancing/)). - Government inquiry calls for state-run e-identification system ([English](https://www.thelocal.se/20221116/government-inquiry-calls-for-state-run-e-identification-system/)). - The home-knitted garment is Sweden's Christmas gift of the year 2022, according to retail research organisation HUI ([Swedish](https://www.market.se/retailtrender/trender/arets-julklapp-2022-en-varm-kram-i-produktform/), [machine translation](https://www-market-se.translate.goog/retailtrender/trender/arets-julklapp-2022-en-varm-kram-i-produktform/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). +++ That's it for today.