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).


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: