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# Swedish Tech Weekly #304
- URL: https://www.swedishtechnews.com/swedish-tech-weekly-304/
- Published: 2025-04-28T03:00:39.000Z
- Updated: 2025-04-28T03:00:38.000Z
- Description: A selection of the main news from Sweden's startup and tech sector. All – and many more –have previously been covered in more detail in the Swedish Tech News PRO newsletters.
- Author: Martin Weigert
- Tags: Weekly (Free)

Welcome the latest from Sweden's startup & tech sector. 

I'm Martin Weigert. Every Monday morning, Swedish Tech Weekly brings you a selection of some of the news I previously covered in my [daily PRO newsletters](https://www.swedishtechnews.com/tag/daily/). Today's newsletter was sent to 2858 subscribers.

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### Mergers & acquisitions

### 

• [Hercare](https://hercare.se/) (Stockholm, digi-physical healthcare provider for women) was acquired by Norway-based women's healthcare company [CMedical](https://cmedical.no/) ([Swedish](https://hercare.se/cmedical-forvarvar-hercare-forstarker-sitt-center-of-excellence-inom-kvinnors-halsa/), [machine translation](https://hercare-se.translate.goog/cmedical-forvarvar-hercare-forstarker-sitt-center-of-excellence-inom-kvinnors-halsa/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). 

### Funding news

  
Are you a founder in fundraising mode? Get free access to the [FOUNDER version](https://data.swedishtechnews.com/) of my funding and investor database. Closed a funding round? [Submit it here](https://data.swedishtechnews.com/submit-closed-funding).

*Note to first time founders: Raising VC funding is not a goal in itself, and not every company is a fit for it. If you plan to choose that path, make sure to understand the implications.*

• [](https://hercare.se/)[Froda](https://froda.se) (Stockholm, digital loan provider for small businesses): €20M ($23M) in a Series B funding round led by Incore Invest, for the continued European expansion ([English](https://www.mynewsdesk.com/froda/pressreleases/froda-raises-eu20m-to-accelerate-embedded-sme-finance-across-europe-3382225)). 

• [](https://hercare.se/)[Freja](https://frejaeid.com) (Stockholm, publicly traded electronic ID provider): SEK32M (€2.9M, $3.3M) before issue costs through a directed share issue to new and existing shareholders ([Swedish](https://news.cision.com/se/freja-eid-group/r/freja-eid-group-ab--publ--har-genomfort-en-riktad-nyemission-om-cirka-32-msek,c4140324), [machine translation](https://news-cision-com.translate.goog/se/freja-eid-group/r/freja-eid-group-ab--publ--har-genomfort-en-riktad-nyemission-om-cirka-32-msek,c4140324?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

• [](https://hercare.se/)[SampleFacts](https://samplefacts.com/) (Uppsala, next generation blood sampling technology): $1.8M led by Nordic Science Investments ([English](https://www.linkedin.com/posts/samplefacts%5Fsamplefacts-lifesciences-diagnostics-activity-7320718736758398977-JJh2)). ➡️ *Startup first covered in PRO in September 2023.*

• [](https://hercare.se/)[SICS](https://sics.ai/) (Stockholm, developer of an AGI foundation model for robots): SEK16M (€1.5M, $1.7M) convertible note from angel investors. This comes in addition to previously announced €2.4M grant funding from EIC Accelerator ([English](https://www.swedishtechnews.com/swedish-tech-news-pro-april-25-2025/#funding-news)). 

• [](https://hercare.se/)[TerraBarrier](https://terrabarrier.com/) (Karlstad, coating technology that virtually eliminates the challenges of hydrogen permeation and embrittlement): SEK15M (€1.4M, $1.6M) from existing investor Klint Ventures, and new investor Almi Invest ([Swedish](https://www.almi.se/om-almi/media-och-press/almi-invest/2025/almi-invest-investerar-i-terrabarrier--ny-teknik-for-hallbar-industri/), [machine translation](https://www-almi-se.translate.goog/om-almi/media-och-press/almi-invest/2025/almi-invest-investerar-i-terrabarrier--ny-teknik-for-hallbar-industri/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). ➡️ *Partial closing of this round first covered in PRO on April 14.*

• [](https://hercare.se/)[Kobb](https://kobb.nu/) (Gothenburg, developer of seaweed-based food products): SEK4.3M (€390K, €440K) from unspecified new and existing investors ([Swedish](https://kobb.nu/kobb-genomfor-lyckad-emission-starker-sin-expansion-inom-svensk-tangbransch/), [machine translation](https://kobb-nu.translate.goog/kobb-genomfor-lyckad-emission-starker-sin-expansion-inom-svensk-tangbransch/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). 

• [](https://hercare.se/)[Empley](https://empley.com/) (Gothenburg, AI-based scenario & simulation tool for HR): SEK3M in first funding from Foundry ventures ([English](https://www.linkedin.com/posts/empley-hr%5Fhrtech-swp-hr-activity-7321080539619176448-qprg), [Swedish](https://www.breakit.se/data) / *Breakit paywall*). ➡️ *Startup first covered in PRO on February 3.*

****PRO subscribers learned about various unannounced rounds** last week (including one raised by ****a Swedish startup aiming to become Europe's response to Palantir**) and more details for each round. 

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## News from the Swedish startup & tech sector  

• [](https://hercare.se/)[Berget AI](https://berget.ai/), a Stockholm-based startup offering an EU-compliant inference service and AI infrastructure founded last year, has emerged from stealth mode ([Swedish](https://berget.ai/blog/berget-ai-launch-pressmeddelande)). ➡️ *Startup first covered in PRO on March 10.*

• [](https://hercare.se/)[Strawberry](https://www.strawberrybrowser.com/) has launched a pre-beta version of its previously announced AI browser on ProductHunt ([English](https://www.producthunt.com/posts/strawberry-2)). 

• [](https://hercare.se/)[DREM](https://drem.se/), fast growing Stockholm-based startup offering a seamless solution for heat pump deployment in residential properties, is bankrupt, after failing to raise a Series A round – despite existing investors being willing to keep backing ([Swedish](https://www.impactloop.se/artikel/varmepumpsbolaget-drem-i-konkurs-klimatet-for-impact-bolag-har-skiftat) / *Impact Loop paywall*).

• [](https://hercare.se/)[Lovable](https://lovable.dev/) has reached an ARR of $40M, five months after launch ([English](https://www.linkedin.com/posts/antonosika%5Flovable-just-reached-40m-arr-in-5-months-activity-7318691301950943232-7a%5FD?utm%5Fsource=share&utm%5Fmedium=member%5Fdesktop&rcm=ACoAAADMYkUBkJiPqz9AnP6ftyb3BQ60M0ZrTlE)). The AI web app builder also released version 2 ([English](https://www.linkedin.com/posts/lovable-dev%5Fintroducing-lovable-20-now-smarter-multiplayer-activity-7321249140175216641-XgPB)).

• [](https://hercare.se/)The newly launched [BLING Incubator](https://www.blingstartup.se/bling-incubator/?lang=en) has announced 12 Swedish startups participating in the first cohort[ (](https://afterclass.app/)[Swedish](https://www.blingstartup.se/bling-inkubatorn-ar-igang-har-ar-de-12-utvalda-bolagen/?lang=en), [machine translation](https://www-blingstartup-se.translate.goog/bling-inkubatorn-ar-igang-har-ar-de-12-utvalda-bolagen/?lang=en&%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

• [](https://hercare.se/)[Emmel](https://emmelsweden.com/), a Stockholm-based startup founded last year, has revealed the full-scale prototype of its electric Utility Terrain Vehicle ([English](https://www.linkedin.com/posts/emmel-sweden%5Fevprototype-electricvehicles-sustainablemobility-activity-7318617529885585414-Z5-P)). ➡️ *Startup first covered in PRO on October 4.*

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• [](https://hercare.se/)[Grewbik](https://grewbik.com/), a new startup from western Sweden, revealed the first prototype of its modular children's bicycle that grows with the child ([Swedish](https://www.linkedin.com/posts/grewbik-ab%5Fgrewbik-barncykel-innovation-activity-7313544056444280834-UDzQ), [machine translation](https://www-linkedin-com.translate.goog/posts/grewbik-ab%5Fgrewbik-barncykel-innovation-activity-7313544056444280834-UDzQ/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

• [](https://hercare.se/)[Scaleout](https://www.scaleoutsystems.com/), Uppsala-based federated learning platform for leveraging siloed, business sensitive and regulated data in ML pipelines, is expanding into the defense sector ([Swedish](https://www.nyteknik.se/tech/dronare-med-svenska-ai-systemet-lar-sig-sjalva-nu-testar-nato-tekniken/4353537) / *NyTeknik paywall*, [Swedish #2](https://www.dagensps.se/teknik/svensk-ai-bakom-framtidens-dronare-teknik-utvarderas-av-nato/), [machine translation](https://www-dagensps-se.translate.goog/teknik/svensk-ai-bakom-framtidens-dronare-teknik-utvarderas-av-nato/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp&%5Fx%5Ftr%5Fhist=true)). 

• [](https://hercare.se/)[FashionLab](https://fashionlab.tech/), a Gothenburg-based startup founded last year, has announced leading Swedish online fashion retailer [Bubbleroom](https://www.bubbleroom.se) as a pilot customer for its AI-powered solution to create fashion shoots ([English](https://www.linkedin.com/posts/fashionlab-tech%5Fa-project-worth-watching-were-thrilled-activity-7320537314915459073-vP5v), [Swedish](https://www.mynewsdesk.com/se/bubbleroom/pressreleases/bubbleroom-och-fashionlab-inleder-samarbete-3378175)). ➡️ *Startup first covered in PRO on November 25 .*

• [](https://hercare.se/)[Tzafon](https://www.tzafon.ai) is a new "R&D lab dedicated to advance the frontiers of machine intelligence" based in San Francisco and Tel Aviv, founded by the Swedes Noah Löfquist and Simon Mattias Koser. The startup announced a $4M pre-seed funding round and unveiled a first tool. ([English](https://www.tzafon.ai/blog/waypoint-launch)). ➡️ *Startup first covered in PRO on September 17.*

• [](https://hercare.se/)[Listen Labs](https://listenlabs.ai/), San Francisco-based AI-first research platform founded by the Swedish serial entrepreneur Alfred Wahlforss, has raised $27M led by Sequoia ([English](https://fortune.com/article/ai-startup-listen-labs-sequoia-27-million-funding/)). ➡️ *Startup first covered in Swedish Tech News PRO in summer 2023 (when it was named Merlin).*

• [](https://hercare.se/)The Swedish startups/scaleups [Consupedia](https://consupedia.com) and [Lifesum](https://lifesum.com/) team up to build "the world's most informed and inclusive food database" ([English](https://www.prnewswire.com/news-releases/lifesum-and-consupedia-partner-to-build-the-worlds-most-informed-and-inclusive-ai-powered-food-database-302434883.html)). 

• [](https://hercare.se/)[Again](https://again.app/), Stockholm-based startup that allows consumers to share anonymized payment card purchase data in return for rewards, says it hit the milestone of 100 million transactions ([Swedish](https://www.linkedin.com/posts/johanl%C3%B6nnberg%5F100-miljoner-delade-transaktioner-genom-again-activity-7320745346505080834-Q20w), [machine translation](https://www-linkedin-com.translate.goog/posts/johanl%C3%B6nnberg%5F100-miljoner-delade-transaktioner-genom-again-activity-7320745346505080834-Q20w?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

• [](https://hercare.se/)The inspiring bootstrapping story of Stockholm-based AI sales tool startup [Prospexs](https://www.prospexs.ai/) ([Swedish](https://www.breakit.se/artikel/43051/prospexs-nobbades-av-investerarna-drog-in-miljoner-pa-fonsterputs), [machine translation](https://www-breakit-se.translate.goog/artikel/43051/prospexs-nobbades-av-investerarna-drog-in-miljoner-pa-fonsterputs?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp&%5Fx%5Ftr%5Fhist=true)).

• [](https://hercare.se/)Profile of [Baibe](https://baibeapp.ai/) and interview with co-founder and CEO Eva Leach. The Stockholm-based startup, founded last year, cites 65,000 users of its AI companion app, most of them men ([Swedish](https://www.breakit.se/artikel/43007/ai-startupen-baibe-vill-utmana-dejtingmarknaden-med-ai-flickvanner-for-ensamma-man), [machine translation](https://www-breakit-se.translate.goog/artikel/43007/ai-startupen-baibe-vill-utmana-dejtingmarknaden-med-ai-flickvanner-for-ensamma-man?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp&%5Fx%5Ftr%5Fhist=true)). ➡️ *Startup first covered in PRO on August 26.*

• [](https://hercare.se/)A visual map highlighting where key players of Stockholm's tech ecosystem are located ([English](https://www.pampam.city/p/eA2i3JP1T7pf7jnatxua?59.347691,18.072488,12.45)).

• [](https://hercare.se/)The applications for the Norrsken Accelerator 2025 are open ([English](https://accelerator.norrsken.org/)).

• [](https://hercare.se/)This year's Startup 4 Climate competition will be launched on May 21\. As usual, SEK2M are up for grabs for Swedish startups and scaleups that speed up the energy transition ([English](https://startup-4-climate-launch-event-2025.confetti.events/)).

• [](https://hercare.se/)[Propel Capital](https://www.propelcapital.vc/), the investment firm that invests in selected startups from the programs run by Stockholm-based accelerator/incubator [Sting](https://www.sting.co/), launches its seventh angel fund, backed with SEK27M ([English](https://www.sting.co/newsroom/press/swedens-leading-angel-investment-network-shifts-gears---launches-propel-capital-vii-to-back-the-countrys-next-startup-successes)).

• [](https://hercare.se/)Nordic Angels' soon-to-be-opening "Angel House", a previously announced physical member club in central Stockholm for angel investors, [now has a website](https://www.angelhouse.se/) and allows for member signups.

• [](https://hercare.se/)Kinnevik has sold its 8% stake in the still unprofitable ten-year old Denmark-headquartered digital bank [Lunar](https://www.lunar.se), at a loss ([Swedish](https://www.di.se/digital/kinnevik-dumpar-sin-utmanarbank-tar-brakforlust/) / *Di Digital paywall*).

****PRO subscribers last week learned about many more news** – including exclusives that have not been covered or curated anywhere else yet – ****and about 17 new Swedish tech startups**.

[JOIN PRO NOW ](#/portal/signup) 

## Selected Swedish tech startup jobs  

A non-exhaustive selection of open positions at Swedish tech startups.

• [](https://hercare.se/)CEO (Valys)  
• [](https://hercare.se/)Customer Success Specialist (Telink)  
• [](https://hercare.se/)Junior Technical Support & QA Specialist (Jubel.ai)  
• [](https://hercare.se/)Business Intelligence Analyst (Candela)  
• [](https://hercare.se/)Go-To-Market Associate (Intric)  
• [](https://hercare.se/)Junior accountant (Matsmart-Motatos)  
• [](https://hercare.se/)Senior & Junior R&D Lab Engineer (Argus Eye)  
• [](https://hercare.se/)Customer Support Specialist (Dibz)

[To the listings](https://www.swedishtechnews.com/swedish-tech-startup-jobs-week-17-2025-valys-telink-and-more/)

![CTA Image](https://storage.ghost.io/c/cb/aa/cbaa9996-4d93-4f6d-b930-d76c908df0d1/content/images/2025/04/eivora.png) 

Special shout-out to my partner [Eivora](https://eivora.com/) for providing me with access to their awesome AI-powered ownership database of Swedish companies. 

### Other interesting things from the startup/VC world & beyond

  
[](https://hercare.se/)• [](https://hercare.se/)People are using the latest ChatGPT models to figure out the location shown in pictures ([English](https://techcrunch.com/2025/04/17/the-latest-viral-chatgpt-trend-is-doing-reverse-location-search-from-photos/)). What will this mean for Sweden's [GeoGuesser](https://www.geoguessr.com/)?

• [](https://hercare.se/)One reason why founders do angel investing: "Being a founder is lonely. Angel investing helps with that. You get energy, ideas, and perspective" ([English](https://www.linkedin.com/posts/fbjork%5Fbeing-a-founder-is-lonely-angel-investing-activity-7321156014077034499-9Bqo)).

• [](https://hercare.se/)Every once and a while, there is a move that end questions and competition for startups in a market ([English](https://blog.eladgil.com/p/market-ending-moves)).

• [](https://hercare.se/)For startups, every marketing channel sucks right now ([English](https://andrewchen.substack.com/p/every-marketing-channel-sucks-right)).

• [](https://hercare.se/)In the era of vibe coding, the real scarcity shifts from doing to choosing what to do ([English](https://platforms.substack.com/p/the-vibe-coding-paradox)).

• [](https://hercare.se/)Unforced errors founders make in the VC fundraising process ([English](https://www.saastr.com/10-unforced-errors-founders-make-in-the-vc-fundraising-process/)).

### Other interesting things related to Sweden

  
• [](https://hercare.se/)[](https://hercare.se/)Sweden's possibly most critical digital service, the bank-owned digital identity solution BankID, was down for hours, following a massive DDoS attack ([English](https://www.sverigesradio.se/artikel/bank-id-down-for-several-hours-due-to-cyber-attack), [Swedish](https://www.svt.se/nyheter/inrikes/driftstorning-i-bankid-ligger-nere-for-manga-anvandare)).

• [](https://hercare.se/)Sweden will relax its strict rules on alcohol sales in June, and allow microbreweries, vineyards and distilleries to sell their drinks on-site to visitors – but it'll be mandatory to listen to "a lecture" with an educational element first ([English](https://www.reuters.com/world/sweden-allow-microbreweries-sell-beer-visitors-after-lecture-2025-04-23/)).

• [](https://hercare.se/)When Swedish doctors moved to Norway following a substantial increase in physician wages, this led to a persistent rise in mortality in Sweden, with no corresponding health gains in Norway, according to a study ([English](https://www.iza.org/publications/dp/17819/the-fatal-consequences-of-brain-drain)).

+++  
  
That's it for this week. Thank you for being a subscriber!  
  
Martin