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News October 25, 2022: Paebbl, Grafbase, Combify, Cellfion, Rivus Batteries, Staccs, SEB Greentech Venture Capital 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

  • Paebbl (Stockholm/Helsinki/Rotterdam, developer of carbon-negative construction material): €8M ($8M) in a seed round from Pale Blue Dot, Walerud Ventures, 2050 and Grantham Foundation. The company was founded in 2021 by Sweden-based investor Jane Walerud, former Northzone partner Marta Sjögren, former Slush CEO Andreas Saar, and the Dutch scientist and mineralisation expert Pol Knops (English, Swedish / Di Digital paywall).
  • Grafbase (Stockholm, instant serverless GraphQL backend platform): $7.3M in a seed round led by Next47, with participation from Alven, Uncorrelated Ventures as well as around 40 angel investors (English).
  • Combify (Stockholm, SaaS solution for visualisation and digitalisation of construction projects' data): SEK25M (€2.3M, $2.2M) from existing investors Backing Minds and Bonnier Ventures, as well as new investor Mezolten (Swedish, machine translation).
  • Swedish energy storage technology startups Cellfion and Rivus Batteries received a joint grant of SEK6M (€550K, $550K) from the Swedish Energy Agency, to develop Sweden’s first all-organic redox flow battery (English).
  • EQT Foundation participated in a €4.5M ($4.5M) Series A extension raised by German AI breast cancer screening startup Vara (English).

>> 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

  • Staccs, Stockholm-based streaming service for concerts and music documentaries, has launched "Staccs TV", a new "TV channel" for concert video and music documentaries, which is free (for the first year) and intended to draw users into the otherwise paid subscription service (English).
  • STILRIDE launched its equity crowdfunding campaign on Crowdcube (English).
  • SEB Greentech Venture Capital doubles its investment mandate to SEK600M (€55M, $54M). To date the fund has invested in 5 companies (English, Swedish).
  • Adrian Arnsvik Bjurefalk, Stockholm-based investor at Inventure, wrote about how early-stage founders can jumpstart the talent flywheel (English).

Swedish tech earnings reports

  • Qliro (Stockholm, payments solution for e-commerce and financial services provider for consumers): English.
  • Swedish maritime archaeologists have discovered the long-lost sister ship of the 17th-century warship Vasa, which sank on its maiden voyage (English, Swedish).

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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: m@swedishtechnews.com
Stockholm