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News September 13, 2022: SunRoof, Simplex Motion, Northzone, Nuverica, Fuzed 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

  • SunRoof (Stockholm, custom-engineered solar roofs): €15M ($15M) in a funding round led by Klima Energy Transition Fund, with participation from Inovo VC, SMOK Ventures, Alfabeat, Level2 Ventures, plus business angels including Jon Olsson (English, Swedish).
  • Simplex Motion (Gothenburg, smart integrated motors for motion control): SEK6M (€570K, $570K) from Almi Invest, Lindeblad Ventures and undisclosed private investors (Swedish, machine translation).
  • Trellis Road participated in a €2M ($2M) pre-seed funding round raised by French startup Nutropy, which aims to produce dairy products sustainably (English).

>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. Request access.

News from Swedish startups, the tech sector and VCs

  • European VC firm Northzone, which has a significant footprint in Sweden, raised a new €1B ($1B) fund — its largest to date, and one of the biggest raised in Europe this year (English).
  • Caroline Solskär and Karin Jonsson have launched Nuverica, a Stockholm-based SaaS startup offering a solution to verify nutrition and health claims for commercial food products (Swedish, machine translation).
  • Stockholm-based esports startup Fuzed wants to create membership-based gaming hubs across Sweden, with the first one set to open in Helsingborg next week. The goal is to make esports available to everbody, and to promote an active lifestyle by combining gaming with physical activity and healthy food (English, Swedish).
  • Swedish e-commerce revenue during Q2 2022 shrank 8% compared to Q2 2021 (Swedish, machine translation).

Other interesting things from the startup/VC world & beyond

  • Runa Capital, a VC firm normally based in Silicon Valley, is relocating its HQ to Luxembourg, to re-focus its attention on the European market. According to TechCrunch, the move is in part motivated by the higher returns now available from European startups (English).
  • US-based Energy Impact Partners (EIP) has launched a €390M European fund, targeting companies which advance the net zero carbon economy (English).
  • A new report from PitchBook shows that VC activity in the AI sector declined precipitously over the past few months (English).
  • Since Sweden's new rules for e-scooter parking went into effect on September 1, the city of Malmö is confiscating around 100 shared scooters each day (Swedish, machine translation).

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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