Swedish Tech Weekly #311: Planacy, BusinessWith, Impulso, X Shore, T.Loop, Wimt, Engrate, NordAmps, Natively, Koja.Works, ProptechOS, InfiniNode, Vocalise, evroc, WrenchLane, ERTZY, Crewcial, and more

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. Today's newsletter was sent to 2929 subscribers.

Mergers & acquisitions

• Monterro, Swedish B2B software investor, is acquiring a majority stake in Planacy, a Stockholm-based SaaS solution for data-driven financial planning (English).

• BusinessWith (Stockholm, search and comparison platform for B2B systems and SaaS) acquired the three-year-old Danish startup DigiMatcher, which offers a similar product (English).

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Funding news

Are you a founder in fundraising mode? Get free access to the FOUNDER version of my funding and investor database. Closed a funding round? Submit it here.

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.

• Lovable is reportedly in talks to raise at least $100M at a valuation of at least $1.5B (English).

• Impulso (Stockholm; SaaS tool for product tracking between fashion brands, agencies and retailers): €6M ($6.9M) in a funding round led by 42CAP, with participation from Spintop Ventures and existing investors (English). ➡️ Startup first covered in PRO in January 2023.

• X Shore (Nyköping, maker of all-electric boats): SEK50M (€4.6M, $5.2M) from mostly existing investors (English).

• T.Loop (Stockholm; builds Data Energy Centers that transform energy waste into heat while simultaneously slashing the CO₂ emissions by 100%): SEK33M (€3M, $3.5M) from new and existing investors (English).

• Wimt (Stockholm, community platform for sports): SEK32M (€2.9M, $3.4M) from existing investors, i.e. many of Sweden's most outstanding athletes, among others (Swedish, machine translation). ➡️ Startup first covered in PRO in January 2023.

• Engrate (Stockholm, energy data integration platform): €2.5M ($2.9M) in a seed round led by Maniv, with participation from Eviny Ventures and Course Corrected (English). ➡️ Startup first covered in PRO in January 2024.

• NordAmps (Lund, next generation nanowire transistors): SEK9M (€820K, $950) from existing investors including Stoaf, Butterfly Ventures, and Almi Invest (Swedish / Rapidus paywall).

• Natively (Stockholm, AI mobile app builder): SEK4.5M (€410K, $470K) in pre-seed funding from Inception Fund, Wave Ventures, Foundry ventures, PSV, and Karaoke Capital. With this announcement, Natively is emerging from stealth mode (English, Swedish / Breakit paywall). ➡️ Startup first name-dropped by Di Digital on May 15. Details first covered in Swedish Tech News PRO on May 22 (under its initial working name) and June 5.

• Ifrågasätt (Lund; supplier of traffic, loyalty and user engagement solutions to publishers): SEK4M (€370K, $420K) from new investors Johan Billgren, Femown, and existing investors (Swedish / Rapidus paywall).

• Koja.Works (Stockholm, upcoming next-generation collaboration tool): SEK1M (€90K, $110K) in a "family and friends" round from Caroline Farberger, Mai-Li Hammargren, and Oskar Boëthius Lissheim (Swedish, machine translation).

• ProptechOS (Stockholm, SaaS operating system for real estate): undisclosed amount led by existing investors Vasakronan and Partinc (English).

• InfiniNode Technologies (Gothenburg, fabless semiconductor company specializing in designing hardware components essential for on-chip data management and interconnect infrastructure): undisclosed amount in first funding from Chalmers Ventures and Almi Invest. ➡️ Funding first covered in PRO on March 25.

• Vocalise (Umeå, voice training app for singers empowered by AI): undisclosed amount led by Sparbanksstiftelsen Norrlands Riskkapitalstiftelse (Swedish, machine translation). ➡️ Startup first covered in PRO in October 2022.

PRO subscribers learned about many more rounds last week, including unannounced ones, rounds raised by stealth mode startups, and more details for each. PRO subscribers also get full access to the unique Startup Database by Swedish Tech News.

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News from the Swedish startup & tech sector

• evroc has launched its European Cloud, with operational data centers in Stockholm and Paris (English).

• WrenchLane, based in Stockholm, launched its solution for AI driven car diagnostics (English). ➡️ Startup first covered (under its initial working name CodeOC) in PRO in February 2024.

• Einride co-founder Filip Lilja recently unveiled ERTZY, which will offer "Europe’s FIRST sodium-based energy storage system, paired with a smart, self-developed control software" (English). ➡️ Startup first covered in PRO in August 2024, launch first covered in PRO on May 14.

• Crewcial, a new Stockholm-based startup founded by Amalia Berglöf, wants to make event connections meaningful – with a first large focus on the upcoming Almedalen week. ➡️ Startup first covered in PRO on May 5.

• VISS.AI, Jönköping-based AI startup, is taking a jab at workflow platforms disguised as "AI agents", as it teases its new autonomous agent platform "built for the cynical executive" who "has been burned by AI promises" (English).

• Stockholm-based Candela is selling eleven hydrofoiling electric ferries to India, in a deal reportedly worth SEK315M (Swedish / Di Digital paywall).

• Kivra, Sweden's leading digital mailbox service, plans to launch a digital identity solution named KivraID in early 2026, to compete with BankID (Swedish, machine translation).

• Brief profile of Gaetir, a Karlskrona-based cybersecurity startup which develops a solution aimed at eliminating phishing mails in real time before they reach users (Swedish, machine translation). ➡️ Startup first covered in Swedish Tech News PRO on February 18.

• Reparell Innovation, a new Gothenburg-based startup, is about to launch a mobile recycling solution, aiming to transform plastic waste collected from rivers and reservoirs into high-quality textile yarn and fabrics (English). ➡️ Startup first covered in PRO on March 14.

• Stegra, developer of a fossil-free steel plant being built in northern Sweden, is reportedly mulling an IPO, to finance expansion plans once its plant is up and running (English).

• Scania, the Swedish manufacturer of commercial vehicles, is reportedly talking with other investors about forming a consortium to take over Northvolt's Västerås site (English).

• Klarna launched an AI-powered phone hotline through which customers can provide feedback to an interactive AI version of Klarna CEO Sebastian Siemiatkowski (English).

• Aparta, a Norway-headquartered startup previously named HILI, has launched its residential co-ownership platform in Sweden (Swedish, machine translation).

• The applications for the fall 2025 cohort of the Time to Raise fundraising accelerator for women-led companies are open (English).

• The applications for NATO’s accelerator program DIANA for 2026 are open as well (English).

• The Nordic Female Invest Summit 2025 will take place on October 29 in Malmö (English). ➡️ Added to the Swedish tech event calendar

• Aida Jammal has been promoted to Partner at Swedish growth capital investor eEquity (English).

PRO subscribers learned about many more news last week, including various exclusives that have not been covered or reported anywhere else. Join PRO now.

Special shout-out to my partner Eivora for providing me with access to their awesome AI-powered ownership database of Swedish companies.

Selected Swedish tech startup jobs

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

• Chief of Staff (Polar)
• Fullstack Engineer (BONI)
• Go-to-Market (GTM) Manager (Tab Technology)
• Head of Finance, and many other roles (Tandem Health)
• PR and Brand Manager (Din Psykolog)
• Marketing Rockstar (Nutrigap)
• Full Stack Engineer (Hyker)
• Head of Customers & Operations (Skye)
• AI Engineer (Filed)
• Customer Support Representative (Bokadirekt)

To the listings

Other interesting things from the startup/VC world & beyond

• Applications for the EIC Pre-Accelerator are open, aimed at early-stage deeptech companies which can secure up to €500K in funding (English).

• Reports that TechCrunch is leaving Europe and shuttering European coverage are wrong, says TechCrunch (English).

• All of the sudden, the IPO market overall is looking more active again, and the fintech space in particular appears to be heating up (English).

• ERR – experimental run rate revenue – is a new form of ARR that is not as predictable and stable, and that can explode upward or crash downward fast (English).

• Stealth AI churn: retention holds steady while usage metrics are softening, as users increasingly rely on AI tools for certain tasks (English).

• A lot of B2B software was never actually hard to build per se. It just was slow. And AI makes it much, much faster to build (English).

• Extensive practical guide on building a founding team (English).

• How founders and leaders across the org chart strike the right balance between details and delegation (English).

• Guide to becoming a GTM engineer (English).

Other interesting things related to Sweden

• DDoS attacks on the public broadcaster SVT and other key institutions are heightening concerns about vulnerabilities in Sweden’s cybersecurity systems (English).

• The Stockholm School of Economics is establishing the Center for Security and Resilience (English).

• Swedish warplane maker Saab and Germany-based defense tech startup Helsing say they sent a Gripen-E combat jet aloft powered by an AI agent that took control of long-range flight maneuvers from the human pilot (English).

• 85% of people in Sweden lack confidence in Donald Trump's ability to do the right thing regarding world affairs, according to a global Pew survey. Only in Mexico confidence is even lower (English).

• A private initiative, spearheaded by among others entrepreneur and Angry Birds creator Peter Vesterbacka, wants to make a high-speed train route between Stockholm and Oslo reality (Swedish, machine translation).

• Stockholm ranks #14 in the Oxford Economics Global Cities Index 2025. Gothenburg lands at #49, and Malmö at #66 (English).

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

Martin