Swedish Tech Weekly #340: Sharespine, Airinum, Instabridge, Qvantum, Zulu Marine, Stilla, Nordic Bio-Graphite, NordiCredit, Venga, Arkivia, Sharpfin, Skygrid, Niora, Ronja, Recrevio, ONEBasket, W, Polar, Ymner, Steep, Relox Robotics, 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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• Sharespine (Gothenburg, integration platform designed to simplify and streamline the synchronization of data across various business systems) is being acquired by Fortnox (Swedish / Breakit paywall). ➡️ Added to the Exits Database for PRO subscribers.

• Airinum, Stockholm-based maker of urban air masks, has been acquired by an undisclosed "strategic owner with global scale" (English). ➡️ Added to the Exits Database for PRO subscribers.

• Instabridge, Stockholm-based app that offers users easy access to Wifi hotpots and other connection options, has acquired Nova Launcher, a custom launcher app for Android "loved by over 50 million users" (English).

• Summa Equity, Stockholm-based investment firm, acquires the Norwegian digital remote care provider Dignio (English).

PRO subscribers last week learned more details about each of these deals, and more.

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

• Qvantum (Malmö, next-gen heat pumps): SEK220M (€19M, $22M) mostly from existing investors Thomas von Koch and IMAS Foundation (funding details page).

• Zulu Marine (Stockholm, developer of high speed vessels designed to offer a fast and stable ride in challenging sea states): undisclosed amount from Defensor, which becomes majority shareholder (funding details page)

• Stilla (Stockholm, multiplayer AI for teams): $5M in pre-seed funding led by General Catalyst. Stilla was founded by the Tictail founders Siavash Ghorbani and Kaj Drobin (funding details page). ➡️ Startup first covered in PRO in December 2024, funding first covered in PRO in spring 2025.

• Nordic Bio-Graphite (Stockholm, technology to produce fossil-free graphite from bio-based materials at scale): €2.75M ($3.2M) in equity funding from EIC Accelerator, EIT RawMaterials, and Norrsken Evolve (funding details page). Funding first covered in PRO on January 22.

• NordiCredit (Gothenburg, provides companies with loans and factoring services that are not available through traditional or specialized banks): SEK30M (€2.8M, $3.2M) from existing shareholders, including major investor Lena Apler (funding details page). ➡️ Funding first covered in PRO on December 10.

• Venga (Stockholm, platform for event invites and photo sharing): SEK13M (€1.2M, $1.4M) from existing investor Lifeline Ventures, new investor Bust, as well as angels (Swedish / Breakit paywall). ➡️ Startup first covered in PRO in December 2023.

• Arkivia (Stockholm, AI-powered solution that digitizes and automates the management of the estates of deceased persons): SEK12.4 (€1.2M, $1.4M) from Sven Hagströmer, SSE Ventures, and angel investors (funding details page). ➡️ Funding first covered in PRO on December 9. Startup first covered in PRO in October 2024.

• Sharpfin (Stockhom, wealth management platform): SEK10M (€950K, $1.1M) from angel/private investors (Swedish / Di Digital paywall).

• Skygrid (Gothenburg, intelligent orchestration layer that transforms idle processors worldwide into humanity's distributed supercomputer): undisclosed amount in first funding from Automotive Ventures and WakeUp Capital (English). ➡️ Startup first covered in PRO in September 2024.

• Mainly.AI (Stockholm, platform for builders that bridges the gap between complex AI technologies and practical implementation): undisclosed amount from Katalysen Ventures (English).

I covered many more funding rounds, and more details for each, in Swedish Tech News PRO last week.

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• KTH Innovation Launch unveiled batch 22, comprising 18 startups (English).

• Niora, a new startup co-founded and led by serial entrepreneur Gustav Westman, wants to enable companies with recurring revenue to automate contract-to-cash, and stay updated about churn and upsell signals (Swedish / Breakit paywall).

• Ronja, a Stockholm-based startup founded two years ago, officially launched its "AI for numbers", to enable non-technical users to analyze data from hundreds of sources instantly, without setup nor configuration (Swedish / Di Digital paywall). ➡️ Startup and pre-seed funding first covered in PRO in 2024

• Recrevio, a Stockholm-based all-in-one platform to build, sell, and deliver knowledge online founded by wife-and-husband duo Frida and David Nilsson Berger, has launched. ➡️ Startup first covered in PRO in July 2025

• ONEBasket, founded by Marie Bjerkevall Lundin, has launched its smart shopping basket, available as web app and Chrome extension (English). ➡️ Startup first covered in July 2024

• RGNT, building electrical motorcycles in a vintage look, was declared bankrupt for the second time. ➡️ Bankruptcy first covered in PRO on January 21

• Cinis Fertilizer, publicly listed Örnsköldsvik-based greentech company which wants to produce environmentally friendly mineral fertilizer through innovative upcycling, has filed for bankrupty (English).

• We Don't Have Time, Stockholm-based media platform for climate action, is one of the co-founders of an upcoming platform dubbed "W", which aims to become a new European competitor to X (English / Impact Loop paywall, English #2).

• Polar, Stockholm-based monetization platform for software products, and Lovable will launch a "Prompt a Startup" hackathon on March 7-8 – in Stockholm and remote (English).

• Ymner, bootstrapped Stockholm-based startup, is launching an AI tool which guides founders and others looking for public funding from Sweden and the EU, to suitable opportunities (Swedish / Impact Loop paywall).

• Notably, a few public incubators and innovation ecosystem players are reportedly building something similar at the moment – but only for public innovation funding throughout Sweden (Swedish / Breakit paywall).

• Steep, Stockholm-based business analytics platform, has launched an API, bringing the metrics that customers define inside Steep, into anything they build outside (English).

• Relox Robotics, Stockholm-based maker of an autonomous golf ball picker, has signed Swedish Husqvarna Group as sole distributor of its robot across Europe (English).

• Ljusgårda (aka Supernormal Geens), Tibro-based vertical farming company, is pivoting away from producing salad for grocery chains. Instead, the company aims to use its technology to provide plant-based ingredients to the food supplements, cosmetics, and pharma sector (Swedish / Breakit paywall).

• Mattias Bernow has stepped down as CEO of Cellcolabs, Stockholm-based manufacturer of GMP-certified mesenchymal stromal cells, with immediate effect (Swedish, machine translation).

• Sebastian Ramseid Foss, co-founder of AI native compliance platform Hybridity, is stepping down as CEO and moving on. "I’m exploring what’s next, and I’m open to conversations", he writes (English).

• Following layoffs at various gaming companies from southern Sweden, a local initiative is rallying the regional tech sector to help this talent find new careers that match their skildls and competence (English).

• The Next in Mind Pitch Day will take place on February 5 in Stockholm, aiming to be a "curated meeting point for impact investors, foundations, and system-level funders committed to youth mental health" (English). ➡️ Added to the Swedish tech event calendar

• 📺 Swedish YouTuber Mauri spent 24 hours with the Lovable founders (Swedish / 29 minutes).

• 38 new Swedish tech startups added to the database in one week – a new record

• A stealth mode startup building an AI agent for interacting with products, raised yet-to-be-announced pre-seed funding from Nordic VCs, top industry operators, and a major US fund

• A startup building a driving evaluation AI raised first six-digit Euro funding

• A startup secured a substantial grant for utilizing digital twins of cities for drone defense

• Founders who sold their previous companies, are building again: a testing and validation platform to catch AI hallucinations and workflow breaks, and a cybersecurity product targeting insurance companies

• Fundraising: A platform for the entertainment industry that lets members create AI-powered digital versions of themselves, a robot-as-a-service provider, and a startup in the energy-meets-automotive space

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.

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

• Artist / Web Designer (Swayed)
• CTO & co-founder (Sasha Rec)
• Legal Engineer / Regulatory Expert (Hybridity)
• Technical Co-founder (Kin)
• Principal Engineer / Technical Lead – Hardware, Firmware & Cloud (Standab)
• Fullstack Engineer, Head of Growth, Founding Product Designer (Nava Insights)
• Founding Customer Lead (Emfas)
• Head of Growth and Expansion (GoCimo)
• Founding Engineer (Skeptiva)
• Fullstack Tech Lead (Safespring)
• Strategy & Execution Lead – Marketing / Medical Operations / Tech (Velora Health)
• Account Manager (Flowity)
• Customer Success Manager (Modular Finance)
• Finance Manager (Cooach)
• Customer Success Specialist (Elbilsvaruhuset)
• UX Lead, Data Analyst, Fullstack Developer (Visiba)
• Performance Marketing Specialist (Beatly)
• Various incl. Head of Finance, Product Manager, Backend Engineers (Bits Technology)
• Commercial Tender & Bid Manager (Tandem Health)

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.

• The European Commission launches EU Inc., a unified company structure that could make Europe the easiest place in the world to start, fund, and grow a tech company (English).

• It’s time to build something less dependent on American validation (English).

• "Resilience becomes the new investment strategy in a less cooperative world" (English).

• Advice for founders who during their meetings with VCs receive disproportionately downside-focused questions (English).

• Valuations of public software companies have plunged lately, driven by fear of an existential threat from AI. A “huge buying opportunity,” says the founder of the sector's largest and most prolific PE dealmaker (English / FT paywall).

• Cinema attendance in Sweden fell by just over five and a half percent in 2025 compared to the previous year (English).

• Sweden's top 3 most popular baby names in 2025: for boys Noah, Hugo, and Liam (in that order), and for girls Vera, Astrid, and Olivia (in that order) (Swedish).

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

Martin