News October 10, 2022: Kive, Streamify, Nona, Della8, Spotscale, Cinis Fertilizer, Nilo and more

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

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Funding news

  • Kive (Stockholm, smart asset platform for creators): $7M in a seed funding round led by Heartcore, with participation from previous investors Creandum and EQT Ventures as well as angel investors such as Des Traynor and Sabba Keynejad (English).
  • Streamify (Ă–stersund, live video shopping platform): SEK4.4M (€400K, $390K) through a rights issue, which was subscribed by 73.6% (Swedish, machine translation).

>> 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

  • Nona is a new startup from Stockholm that during the past 5 years has been developing a new personal health tracking app, to be launched this fall. The company was founded and funded by serial entrepreneur Fredrik Sidfalk (Swedish / Breakit paywall).
  • Nicely timed with an appearance at the TV-show Draknästet, Helsingborg-based Della8 launched its online solution for facilitating and managing collective ownership of larger physical assets (Swedish, machine translation).
  • Spotscale, Linköping-based developer of high-resolution 3D models for buildings, is developing "the world’s first 3D AI recognition system for concrete structures", together with the Dutch company Kiwa (English).
  • Cinis Fertilizer, Ă–rnsköldsvik-based greentech startup producing "the world’s most environmentally friendly mineral fertilizer through innovative upcycling", plans to go public on Sweden's Nasdaq First North Growth Market (English / PDF, Swedish).
  • 4 startups are joining the SSE Business Lab's incubate program and thus will receive an initial investment of SEK300K each: Chip, Biosphere Intelligence, Nilo and 1-Fits-All. Meanwhile 3 companies are joining the accelerate program: DebtPool, Flok, (So far I haven't found working URLs for these 3) (English).

Other interesting things from the startup/VC world & beyond

  • published its entire portfolio in an Airtable (English).
  • Wired spoke with Niklas Zennström about why the burgeoning European startup scene is poised to lead the technological revolution (English).
  • Founders should never ask friends or familly members if they like an idea (English).


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: