Swedish Tech Weekly #332: Wiraya, Doktor.se, AlixLabs, Pythom Space, The Gang Studio, Boneo, Care to Translate, NH3 Greentech, Flexpenser, OICAN Wear, VXA, Yolean, Aris Machina, Triform, Geoint, Samfora, GetTested, Epishine, Capitaholic, 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 3137 subscribers.

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• Wiraya (Stockholm; provider of automated and intelligent voice led communication) is acquiring Finland-based competitor On-Time (English, Swedish).

• Spotify has acquired the UK-based community-run database for sampled music WhoSampled (English).

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• Doktor.se (Stockholm, digital healthcare provider): SEK250M (€23M, $26M) from unspecified existing investors, for acquisitions in Germany. The company aims to go public during the second half of 2026 (Swedish / Privata Affärer paywall).

• AlixLabs (Lund; making production of semiconductors more accessible, sustainable, and affordable): €14.1M ($16M) Series A funding round led by existing investors Navigare Ventures, Industrifonden, and FORWARD.one (details page).

• Pythom Space (Stockholm & California; develops rockets, spaceships and landers for orbital and interplanetary missions): $10M strategic investment from Saab (details page).

• The Gang Studio (Stockholm, game studio): undisclosed amount from Behold Ventures (English).

• Boneo (Stockholm, housing-focused real estate marketplace): SEK10M (€900K, $1.05M) from Aggregate Media (details page).

• Care to Translate (Stockholm, medical translation app for healthcare professionals). SEK10M (€900K, $1.05M) from existing investors (Swedish, machine translation). ➡️ Funding first covered in PRO on September 22 (details page)

• NH3 Greentech (Stockholm, projects and develops grid-connected plants for the production of green ammonia): SEK9.38M (€850K, $1M) grant from the Swedish Energy Agency, through the program Industriklivet (Swedish, machine translation).

• Flexpenser (Stockholm, airless liquid dispensing technology for packaging): SEK4.9M (€440K, $510K) from undisclosed US investors. Founder and CEO Kewmars Kazemzadeh is currently in a legal battle over his Swedish working permit (Swedish / Impact Loop paywall).

• OICAN Wear (Borås; develops discreet protective clothing to prevent head injuries in children, the elderly and people with impaired balance): SEK3.6M (€330K, $380K) from Almi Invest, RadCap, and others (details page).

• VXA (AI solution to quickly create and scale ads): SEK2.5M from CoFounded Kapital, Filip Tysander, Tobias Bengtsdahl (Swedish / Breakit paywall). ➡️ Startup and first details about this funding covered in PRO on April 4.

• Yolean (Gothenburg, tool for digital and visual collaboration in design and construction): undisclosed amount from existing investors Chalmers Ventures, Almi Invest, and one undisclosed angel (details page).

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• Aris Machina, founded by Northvolt's Siddharth Khullar and Peter Carlson, has emerged from stealth mode, and unveiled its agentic operating system for modern manufacturing (English). ➡️ Startup first covered in PRO on March 26.

• Triform, a startup from Stockholm, has launched its AI chat tool for "turning repetitive tasks into reliable automations in minutes". ➡️ Startup first covered in PRO in November 2023 (under its previous name).

• Geoint, based in the greater Umeå area, has launched, initially offering organizations a way to validate if their geographic datasets are good enough for AI training (Swedish, machine translation). ➡️ Startup first covered in PRO in October 2023.

• Lovable announced having reached the $200M ARR milestone, four months after crossing the $100M mark (English).

• But: turns out that Lovable has so far not paid any VAT on revenue generated in Sweden or elsewhere in Europe. The company says it is currently in the process of registering for VAT (Swedish, machine translation).

• Samfora, Stockholm-based donation platform launched two months ago, has facilitated donations of SEK1M to 45 non-profits (English). ➡️ Startup first covered in PRO on April 17.

• Car.info, Ängelholm-based car database, announced having reached one million registered users (Swedish, machine translation).

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• GetTested, Stockholm-based provider of home testing kits and laboratory tests, is launching tests for pets, through the separate website gettested.pet (English).

• Epishine, Linköping-based developer of organic solar cell technology for low power electronics, will have its technology power a new Google TV remote control (English)

• Capitaholic is a new newsletter and blog about "the addiction to venture capital, the cult of hypergrowth, and what happens when you go cold turkey", written by Swedish startup entrepreneur Jacob Kihlbaum.

• Arvid Lunnemark, the Swedish co-founder of the US-based AI coding assistant Cursor, is launching a new startup named Integrous Research, focused on developing systems for “safer AI”. Lunnemark just left Cursor, but his stake is reportedly worth more than $1B (English).

• Klarna topped Wall Street’s third-quarter revenue expectations in its first earnings report since its IPO on the NYSE in September (English).

• Spotify is launching audiobooks for paying subscribers in five European countries, including Sweden (English).

• Norrsken is hosting a "Fixathon" in December. Hundreds of problem solvers will build in 5 cities (Stockholm, Barcelona, Amsterdam, San Francisco, and Kigali). The applications are open (English).

• Among the Nordic countries (excluding Iceland), Sweden has invested the least amount per capita in dual use defense tech during the past years, according to the Nordic Defence Tech Report 2025 (English).

• Sabina Wizander, Stockholm-based Partner at Creandum, is leaving the Swedish VC firm. She plans to announce her next step soon (English).

• Elis Hodzic, Stockholm-based entrepreneur, investor, and coordinator of the Velocity program (see next news item), is leaving his role as VC at Wave Ventures, to join YC-backed Swedish startup Scape (Swedish / Breakit paywall). Meanwhile, Margarethe Böhme is joining Wave Ventures in Stockholm as investor.

• The participants ("Fellows") in this year's Velocity program have been announced (English). ➡️ First covered in PRO on November 11.

• Kinnevik is looking for a new CEO, as the current chief executive Georgi Ganev announced that he'll step down after eight years at the helm (English).

• Erika Hombert is stepping down from her role as Senior Investment Manager at PINC, the Stockholm-based corporate VC of Finnish family-owned food and drink company Paulig (English).

• 🎧 Podcast interview with Stefan Lindeberg, Swedish veteran investor who co-founded Creandum, talking about his bets on Spotify, Lovable, and "AI’s ticking time bomb (English / 63 minutes).

• A veteran startup entrepreneur, who recently left her operational role in her previous company, is building something new in stealth mode

• A startup from Stockholm, founded by an experienced operator, launched its turnkey cashback platform

• Two Swedish startups building infrastructure for a zero-waste textile industry, are fundraising

• A defense tech startup founded by experienced robotics/autonomous systems engineers, is raising an angel round, with several well-known names participating

• A previous serial entrepreneur who then joined Lovable, is now leaving the Swedish runway success, to found a new company

• A femtech startup raised a yet-to-be-announced eight-digit SEK funding round, the first larger one

• 23 new Swedish tech startups

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• Atomico's State of European Tech 2025 report was released (English)

• Dutch VC firm Keen Venture Partners has raised €150M for Europe's largest defense tech fund (English).

• "Y Combinator has become a consensus machine" (English).

• How to pitch like a U.S. founder (English).

• The previously announced plan for a $10B AI data center in the Swedish municipality Strängnäs may be at risk due to challenges in securing the required electricity (Swedish / Di Digital paywall).

• A patient received two new hands from a dead donor at Stockholm's Söder hospital (English).

• Six out of ten Swedish organizations expect to reduce the recruitment of people at the beginning of their careers within three years, according to a survey (Swedish, machine translation).

• Around two million Swedes regularly listen to podcasts. Of them 800,000 at least occasionally watch video podcasts (Swedish, machine translation).

• SL, Stockholm's public transport service, now enables passengers to share a monthly pass with others, as long as it was bought as a subscription through the app (Swedish, machine translation).

• From next year, Sweden legalises virtual fencing for cattle and sheep (English).

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

Martin