Swedish Tech Weekly #324: Datia, digiPlant, SeaPattern, Carla, Cetasol, BeeSpeaker, Ascilion, Hedda, Lavoit, Redpine, Mylla, Cheque, Openroll, HAALE, MyLoppis, Eldra, SYMBI, Zettascale, and more

Welcome to 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 PRO newsletters, which are available as daily and weekly version. Today's newsletter was sent to 3062 subscribers.

Mergers & acquisitions

• Datia (Stockholm, solutions for sustainable finance) is being acquired by UK-based industry peer Connect Earth (English).

• digiPlant (Örebro, Saas provider of the leading application management system SBS Manager) has been acquired by Publix, a newly formed serial acquirer of independent SaaS companies that improve public services (English, Swedish / Breakit paywall).

• Netigate (Stockholm, SaaS feedback solution for brands) acquires the Netherlands-based industry peer Mopinion (English).

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Funding news

Sweden-based startup founders, request free access to my funding and investor database.

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.

• SeaPattern (Linköping, technology to enhance electricity generation in existing hydropower plants and streams): €5M ($5.9M) led by Industrifonden (English). ℹ️ Company details

• Carla (Stockholm, online store for used electric vehicles): SEK52M (€4.7M, $5.5M) mostly from existing investors (Swedish, machine translation).

• Cetasol (Gothenburg, AI-driven decision support for the maritime industry): €2.3M ($2.7M) in a seed extension round, co-led by BackingMinds and Shift4Good (English). ℹ️ Company details

• BeeSpeaker (Stockholm, AI-powered language speaking app): €2M in a seed funding round led by Movens Capital (English). ➡️ Partial closing of this round first covered in PRO on July 29. ℹ️ Company details

• Ascilion (Stockholm, solution for sampling of dermal interstitial fluid): SEK21M (€1.9M, $2.2M) from Lotus One Investment, which also acquires an unspecified amount of existing shares (English).

• Hedda (Stockholm, AI powered bid-writing tool): €1.5M in a pre-seed funding round led by Zenith VC, with participation from Antler, Wave Ventures, and angel investors (English). ➡️ Funding first covered in PRO on August 25. ℹ️ Company details added on January 24 to the New Startup Database for PRO subscribers.

• Lavoit (Stockholm, builds physical AI that cuts the levelized cost of hydrogen by up to 40%): €1.2M ($1.4) from ReGen Ventures, Starship Ventures, Project Europe, and Wave Ventures (English). ℹ️ Company details added on July 17 to the New Startup Database for PRO subscribers.

• Redpine (Stockholm; platform that connects AI builders and agents to proprietary, licensed multimodal data): $1.3M in an angel round. With this announcement, Redpine launches out of stealth (English). ➡️ Partial closing of this round first covered in PRO on July 9. ℹ️ Company details added on March 11 to the New Startup Database for PRO subscribers.

• Mylla (Malmö, online marketplace and SaaS solution to connect local farmers and end consumers): SEK9M (€810K, $960) through equity crowdfunding (Swedish, machine translation).

• Emfas (Stockholm, AI workspace for product catalogs): SEK6.7M in an angel round (English, Swedish). ➡️ Funding first covered in PRO on May 27. ℹ️ Company details added in July 2024 to the New Startup Database for PRO subscribers.

• Cheque (Stockholm & New York, invoicing solution where suppliers can offer customers to pay early for a discount, without needing factoring or credit): $670K led by Friends Capital, with participation from angel investor (English). ℹ️ Company details

• Openroll, formerly Modig/Compensara (Stockholm, agentic compensation platform): $500K from Y Combinator, as the startup was admitted to YC's fall 2025 batch (English). ➡️ YC participation first covered in PRO on September 24. ℹ️ Company details added in December 2023 to the New Startup Database for PRO subscribers.

• HAALE, formerly Halo Ring (Stockholm, smart ring lab making health data accessible for everyone): SEK2.5M (€230K, $270K) in an angel round (English, Swedish / Di Digital paywall). ℹ️ Company details added in May 2024 to the New Startup Database for PRO subscribes

• Svensk Hampaindustri – SHI (greater Ystad area, providing Swedish hemp seeds to the food industry): SEK2M (€180K, $210K) from one private investor (Swedish / Impact Loop paywall). ℹ️ Company details

• MyLoppis (Nyköping, marketplace platform helping associations fund their operations): SEK1M (€90K, $110K) from one angel investor (Swedish / Impact Loop paywall). ℹ️ Company details added on September 22 to the New Startup Database for PRO subscribers.

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News from the Swedish startup & tech sector

• Eldra, based in Stockholm, has emerged from stealth mode and launched its AI assistant for elderly care ℹ️ Company details added on June 12 to the New Startup Database for PRO subscribers.

• SYMBI, also based in Stockholm, launched its off-market housing platform, aiming to connect brokers, buyers and sellers to open "the door to homes before they reach the open market". ℹ️ Company details added in November 2024 to the New Startup Database for PRO subscribers.

• Zettascale, San Francisco-based startup formerly named Exa Labs and co-founded by the Swede Elias Almqvist, shared that the company raised a seed round of "a good couple of million dollars". Zettascale is developing energy efficient chips for AI (English). ℹ️ Company details added in May 2024 to the New Startup Database for PRO subscribers.

• OptiSense Care, a new Helsingborg-based startup, is about to launch a pre-pilot of its AI-driven "ZenSeat" toilet seat for monitoring a patient's toileting routines. (Swedish / Rapidus paywall). ℹ️ Company details added on May 6 to the New Startup Database for PRO subscribes.

• Hemla, Stockholm-based intelligent home security startup, signed a 5-year contract with Securitas (Swedish, machine translation). ℹ️ Company details

• Ella, Stockholm-based startup offering a digital healthcare app for women during and after pregnancy, has paused operations due to liquidity issues, partly caused by a last-minute withdrawal from an international investor (Swedish, machine translation).

• Charma, a Linköping-based gift card provider for organizations, has launched Swippy, an app for individuals to send gifts to others, "akin to sending money via Swish".

• Einride delivered goods from Sweden to Norway on behalf of PostNord – fully autonomously. This "marks the first cabless electric autonomous border-crossing in the world", the Stockholm-based scaleup writes (English).

• A former employee of VC-backed Stockholm-based D2C skincare brand Mantle is suspected of having embezzled SEK11.5M for their own gain (Swedish, machine translation).

• Meds, Sweden's second largest online pharmacy, went public (English).

• Lovable will host "SheBuilds", a virtual 48-Hour "buildathon empowering women in tech", on October 6-7 (English).

• Founders from Project Europe and Founders House will host a gathering in Stockholm on October 10 specifically aimed at technical talents who consider becoming founding engineers (English).

• Karaoke Club is a new angel network and startup community founded by Melinda Elmborg and Nino Subotic, who previously managed Fast Track Malmö, and arrange the annual Mashup conference (English, Swedish / Breakit paywall).

• Apropos Mashup: The 2026 edition will take place in Malmö on April 15-16 (English). ➡️ Added to the Swedish tech event calendar

• Paris-based VC firm Ventech, which since 2023 has an office in Stockholm, announced the final close of its sixth flagship fund at €175M, to support tech startups in their Seed and Series A stage all the way to exit (English).

• byFounders, the Nordic early-stage VC which nowadays is highly active on the Swedish market, unveiled the byFounders Angel Collective (English).

• Pale blue dot, Malmö-headquartered early-stage VC, is looking for a full-time Financial Controller (English).

• Techarena launched the ticket sale for the 2026 flagship event, including a 60% discount available only until tomorrow (English).

• 🎧 ZERO2ONE: Stories from Silicon Valhalla is a new podcast featuring "unfiltered stories of going from zero to one, told by some of the most successful and iconic New Nordic founders" (English).

Exclusives in PRO last week

• A new cybersecurity startup co-founded by a serial founder with an high-profile exit under their belt, has raised first, yet-to-be-announced funding

• Another cybersecurity entrepreneur who sold their startup, is joining a Swedish startup in the same space as co-founder and CTO

• After having raised over SEK230M in equity funding from top VCs, a Stockholm-based startup in the virtual universe space has shut down

• A new Stockholm-based venture firm will "invest in distressed deep tech startups with breakthrough intellectual property and limited runway"

• A Stockholm-based startup launched a platform to discover business ideas and validate market needs

• An under-the-radar startup in the music funding space quietly closed a Series A funding round

• A new fintech founded by Anyfin alumni is coming out of stealth

• In addition to Openroll (mentioned in the funding section), at least one more Swedish startup joined Y Combinator's fall 2025 batch

• 25 new Swedish tech startups

Selected Swedish tech startup jobs

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

• Full-Stack Developer & Co-Founder (Modeliqa)
• Member of Technical Staff (Arkivia)
• Strategic Project Manager (Milkywire)
• Commercial Product Manager (Fifty)
• Electronics Engineer with experience in FPGA (Single Technologies)
• Various roles including Software Engineer, Application Scientist (SCALINQ)
• AI Engineer (Brayns.ai)
• Tech-oriented Business Development Manager (Adsorbi)
• Business Driver and CEO (Extendo Medical)
• Voi (Director of Design & Research)

To the listings

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

Other interesting things from the startup/VC world & beyond

• Dedicated mobile apps for vibe coding have so far failed to gain traction (English).

• AI products look more like living systems vs static ones. Founders need to build for adaptability assuming change is the norm (vs the exception) (English).

• Founders should be aware of the point in the narrative cycle their startup category is in (English).

• On board members' "quiet quitting" (English).

• Personal branding for founders (English).

• "Every country needs to master the Electric Tech Stack: batteries, electric motors, power electronics, and trailing-edge computer chips" (English).

Other interesting things related to Sweden

• Low prices, available land, and cooler weather are driving the data center boom in the Nordics, which have 1.5 GW of capacity live and 7.5 GW in the pipeline (English / possibly Bloomberg paywall).

• A consortium of nine European banks, including Sweden's SEB, plans to launch a euro-denominated stablecoin (English, Swedish).

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

Martin