Swedish Tech Weekly #337: Sproud, MycoMine, Leedflow, Pit, Agento, TrialMe, Tengai, Wimao Impossible Plastics, Debtist, HETCH, Trio Impact Invest, 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.

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🥳 Happy New Year! Not that much newsworthy happened in Sweden's startup & tech sector during the past two weeks, so today's email is more compact than usual. But I am throwing in a few charts summarizing Swedish startup funding in 2025!

Send press releases about funding rounds, and other potentially relevant news, to news@swedishtechnews.com.

• Sproud (Malmö, producer of an alt-milk drink made from peas): SEK20M (€1.8M, $2.2M) from existing investors (funding details page)

• MycoMine (Stockholm, technology that uses living organisms to manage waste): SEK20M (€1.8M, $2.2M) from angel and private investors including Magnus Emilson and Bengt Walerud. Sting also participated (Swedish / Impact Loop paywall). ➡️ Funding first covered in PRO on December 22

• Leedflow (Stockholm, automated prospecting & lead generation tool): undisclosed amount in first funding from BLING Capital and angel investors Michel Massadakis and Agniva Debnath (English). ➡️ Funding first covered in PRO on November 4; startup first covered in PRO on August 11

I covered a few unannounced funding rounds, and more details for each, in Swedish Tech News PRO during the past two weeks.

Startup founders: Request free access to my funding and investor database. Useful during your fundraising process.

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The following charts are based on the data I am tracking in the Startup Database by Swedish Tech News. The data includes selected unannounced rounds. PRO subscribers have access to regularly updated charts like these, throughout the year.

Equity funding raised by Swedish startups, by quarter

Number of equity funding rounds by size (2025)

Funding by top sectors (2025)

Dev tech ranks this high because of Lovable's large rounds. Healthtech hits #3 mostly due to Neko Health's $260M Series B round.

Funding raised by AI-native startups (2025)

Funding raised by startups with at least one female founder (2025)

The 2024 share was much higher at 23.3%, due to a few large funding rounds raised by companies with a female founder. When looking at the number of rounds, the share decreased only slightly YoY, from 22.5% in 2024 to 19.5% in 2025.

Labeled funding rounds by stage (2025)

A unique package with high quality curated data and information on Swedish tech startups.

• Pit, a new stealth mode startup founded by Voi co-founder Adam Jafer, is building a solution that aims to let large companies transform descriptions of internal processes into finished software using AI (Swedish / Di Digital paywall). ➡️ Details about the startup first covered in PRO on Sept 15 and Dec 18 – though Breakit was first to spot the company registration, on Sept 13.

• Opper, Stockholm-based startup offering a "reliability layer for AI agents", launched the agentic automation platform Agento, which promises to "work like a loyal intern" for users' digital life (English).

• Profile of TrialMe and interview with co-founder Hanna Kalesse. The Gothenburg-based startup aims to fix the data gap that keeps women out of clinical trials (English). ➡️ Startup first covered in PRO in February 2025

• Tengai, Malmö-based startup offering an AI avatar interview screening solution, is launching for customers in Norway and Denmark (Swedish, machine translation).

• Wimao Impossible Plastics, Gothenburg-based startup founded in 2020 building factories to "repurpose plastics considered to be impossible to recycle into new environmentally friendly and price competitive products", is bankrupt (English / PRO paywall).

• Following Lovable's Series B round, the founders Anton Osika (35) and Fabian Hedin (26) each are now worth around $1.6B, according to Forbes estimations. Both plan to give away 50% of their earnings from any exit to charity (English).

• Daniel Ek, since January 1 former CEO of Spotify, could be taking an operational role, or even become CEO, at Germany-based defense tech scaleup Helsing, according to a rumor Di Digital has heard (Swedish / Di Digital paywall).

• Debtist, a Germany-based SaaS platform for digital debt collection, is launching in Sweden (German, machine translation).

• Y Combinator Partner Pete Koomen will come to Stockholm on January 26, and give an off-the-record talk at KTH, as well as do 1:1 coffee chats with current or future founders based at KTH (English).

• The applications for southern Sweden's Future Retail Incubator are open (Swedish).

• Norrsken VC has promoted Stockholm-based VC Fabian Erici to Partner (English).

• HETCH, the Helsingborg-based tech hub, is hiring an Investment Manager for HETCH Ventures, to build "southern Sweden's leading investment company in tech" (Swedish).

• Trio Impact Invest, the deeptech- and impact-focused VC fund managed by KTH Ventures, KI Holding and SU Holding, is hiring a Stockholm-based Junior Venture Analyst (Swedish).

• An ambitious audiotech startup from Stockholm raised SEK8.4M in first funding

• A startup, still in stealth mode, quietly launched its platform helping individuals plan, organize and complete moving to another country

• A 15-year old builder has launched a tool helping vibe coders transform vague ideas into production-ready prompts

• First yet-to-be-announced funding raised by a retail tech startup from northern Sweden, and by a battery startup from Linköping

And much more. PRO is read by many of Sweden's best and most active startup investors. Service providers targeting Swedish startups also find it useful.

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

• Senior Frontend Engineer (Numtera)
• Frontend Developer (FastPark)
• Software Engineer (Dreams)
• Various incl AI Acoustic Signal Engineer, Global Customer Manager (Flox)
• Account Manager (Lurkit)

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.

• With VC dealmaking down, startup buyers are filling the gap – as VCs, who are struggling to secure commitments for their next funds, are incentivized to push portfolio companies to pursue acquisitions of their peers (English).

• Two venture funds, including recently launched, Creandum-backed "AI superconnector" Boardy, are letting AI make million-dollar investment decisions (English).

• "EU founders are too nice in negotiations — and how Americans use silence, bluntness, and anchored certainty to win deals" (English).

• The Swedish Language Council published a list of 27 new Swedish words, including "vibbkodning" (vibe coding), drönarmur (drone wall), and AI-agent (Swedish, machine translation).

• EQT is acquiring the company which operates Stockholm's Arlanda Express airport train (English).

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

Martin