Swedish Tech Weekly #342: Sightic, Limina, Infometric, Soundtrack, Flower, Holyvolt, Bits Technology, Airpelago, Berget AI, Pango, Creative Database, Nexilink, Simulair, Satcube, Yazen, Pindly, Solstice, Sponsee, Everdrone, TIC, Valkyr, 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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📢 I'll be at Techarena this week – would be fun to run into some of you there! If you want to meet for a chat, best is to write me a DM on LinkedIn.

• Sightic, formerly Eyescanner (Gothenburg, technology for alcohol and drug impairment detection) is being acquired by publicly listed Gothenburg-based industry peer Smart Eye (English). ➡️ Added to the Exits Database for PRO subscribers.

• Limina (Stockholm, platform for the investment management industry) is being acquired by US-based industry peer Arcesium (English). ➡️ Added to the Exits Database for PRO subscribers.

• Vitec is acquiring 80% of Infometric, Stockholm-based maker of hardware and software system for collecting, analyzing and debiting energy and water consumption (English). ➡️ Added to the Exits Database for PRO subscribers.

• Soundtrack, formerly Soundtrack Your Brand (Stockholm, music licensing service for businesses) acquired the European sector startups Tunify and Ambie, and plans to continue consolidating the market through further acquisitions (English).

• Securitas, Sweden-headquartered global security services company, is acquiring the Canadian startup Liferaft, a provider of SaaS-based Open-Source Intelligence (OSINT) threat solutions (English).

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• Flower (Stockholm; software platform for energy forecasting, optimization and trading): SEK700M (€66M, $77.5M) in debt funding through the company's first bond issue (English).

• Holyvolt (Stockholm; next-generation thin-film solar technology that enables screen printing of solar cells under ambient conditions): SEK138.9M (€13M, $15.4M) from undisclosed investors, at a valuation of SEK2B, up 150% from 2024 (funding details page). ➡️ Startup first covered in PRO in February 2023.

• Bits Technology (Stockholm; compliance platoform covering all KYB, KYC and AML needs): €12M ($14M) Series A funding round led by Alstin Capital, with participation from existing investors Cherry Ventures, Alliance VC, and Unusual Ventures (funding details page)

• Airpelago (Gothenburg, support software for efficient inspections of linear infrastructure with drones): SEK45M (€4.3M, $5.1M) from existing investor Björn Savén and new investor Stena Sessan, for the European expansion (Swedish / Di Digital paywall).

• Berget AI (Stockholm, EU-compliant inference service and AI infrastructure for developers): SEK24M (€2.3M, $2.7M) led by Luminar Ventures, with participation from Wellstreet and Norrsken Evolve (funding details page). ➡️ Startup first covered in PRO in March 2025.

• Big Akwa (Härnosand; land-based fish farming system, which will function in industrial symbioses with other enterprises): SEK11M (€1M, $1.2M) in regional business support to finance the planning and engineering phase of a 6,000-ton land-based trout farming facility (English).

• Pango (Stockholm; agents for e-commerce that handle shipping, tracking, and returns): SEK5M (€470K, $560K) in a pre-seed round from HEARTFELT_, SSE Ventures, Wave Ventures, Karaoke Club, and angel investors (funding details page). ➡️ Startup first covered in PRO in October 2024.

• Creative Database (Gothenburg; marketplace connecting businesses with skilled, local, & trusted creative talent): undisclosed amount from Gorilla Capital and angel investors (English).

• Nexilink (Gothenburg, platform helping municipalities recruit and introduce new social workers): undisclosed amount from Destination Invest (English). ➡️ Startup first covered in PRO in October 2024.

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

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

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• I've published the monthly update to the Angel Investor and VC Leaderboards. Sebastian Knutsson is the new most active angel in Sweden. No change at the top among VCs (English).

• Lovable has reached an ARR of $300M, only two months after crossing the $200M mark, co-founder and CEO Anton Osika reveals in the TBPN podcast (Swedish, machine translation).

• At Di Digital's Female Founders event, Simulair – represented by co-founder and CEO Maja Åstrand – won the startup pitch competition (Swedish, machine translation). Nora Cavani, founder of Alba Health, won the reader vote for "entrepreneur of the year" (Swedish, machine translation). Susanne Najafi, Founding Partner at BackingMinds, won the reader vote for "investor of the year" (Swedish, machine translation).

• Satcube, Gothenburg-based company that develops European-built portable satellite terminals, grew 2025 net revenue by 55% to SEK270M, while generating an operating result of SEK100M (Swedish / Breakit paywall).

• Yazen, Lund-based digital healthcare provider helping people lose weight, grew revenue 87% year-over-year in 2025, to €29.4M (English).

• Pindly, based in Gothenburg, has launched a mobile app for facilitating and tracking shared rides between friends, family, and close contacts. ➡️ Startup first covered in PRO in June 2025.

• Profile of Solstice, and interview with the three founders of the Lund-based startup, which is developing technology for storing solar heat in sand, helping to cut costs and carbon emissions in industrial processes (English). ➡️ Startup first covered in PRO in April 2024.

• Sponsee, a Swedish-Norwegian startup, has launched its platform for sponsors and rights holders to grow, manage and activate partnerships at scale (English). ➡️ Startup first covered in PRO on January 2.

• Everdrone, Gothenburg-based developer of drone technology for emergency response, has signed an agreement on emergency response drone support with The Ambulance Services Administration of Region Stockholm (English).

• Qurator, Stockholm-based scouting platform helping businesses find sustainability tech solutions, is shutting down and going into voluntary liquidation (Swedish / Impact Loop paywall).

• IPercept, Stockholm-based startup offering solutions for automated diagnostics and monitoring of industrial equipment, signed a deal that "carries a revenue potential of up to €10M" (English).

• TIC – The Intelligence Company, Swedish credit score and business transparency startup, is now offering an API for businesses to enable metadata-enriched authentification with BankID within their products (Swedish).

• Valkyr, a new Malmö-based defense tech startup, has introduced HILDR, a close-range defense system designed to counter small, fast-moving drones in the final moments before impact (English, Swedish). ➡️ Startup first covered in PRO on December 5.

• Candela, the Stockholm-based manufacturer of hydrofoiling electric boats and ferries, says its P-12 ferry completed "the longest electric sea journey ever made by an electric passenger vessel" – 160 nautical miles from Gothenburg to Oslo in Norway (English).

• Blackbird Coffee, Denmark-based startup offering an all-encompassing coffee service tailored for businesses and offices, is launching on the Swedish market, following a DKK20M funding round (Danish, machine translation).

• A study from the Stockholm School of Economics analyzing 31,000 new ventures founded in Sweden between 2004 and 2018 shows that scaling startups risk increasing gender gaps (English).

• This year's The Drop conference will take place September 15-16, as usual in Malmö. The applications for tickets are open (English). ➡️ Added to the Swedish tech event calendar

• Antler in Stockholm is scrapping its biannual batch model. Instead, the global early-stage VC firm is moving to a continuous intake of startups and rolling investment decisions (Swedish, machine translation). ℹ️ Recent investments (PRO/PLUS subscription required)

• AntiRender, a web app built with Lovable by Swedish VC Magnus Hambleton that allows users to upload an architectural render, and then shows them an image of how the building would look "on a random Tuesday in November", went viral, and reached over 1800 upvotes on HackerNews (English).

• 24 companies added to the New Startup database

• Two founders of a Stockholm-based fintech founded a new startup, currently in stealth

• Another serial entrepreneur co-founded a new startup that's building an AI product for psychological due diligence on founder teams

• A serial founder from Gothenburg launched an AI assistant that helps users accomplish the goals "that are most important to them"

• A platform for Agentic Product Optimization raised first funding from a Swedish VC fund

• Startups that raised yet-to-be announced funding: an AI-powered ecosystem for corporate learning, one offering AI-powered financial planning, and one focused on extractional AI for unstructured data

• A Swedish engineer and early Lovable employee has for two years been building a tool similar to OpenClaw (formerly Clawdbot/Moltbot), the personal AI agent software which received a lot of buzz lately

• A Swedish AI language learning app reached product-market-fit, and now aims for 5 million users

• Currently raising first funding: A startup building an operating system for install bases, and one developing an AI assistant helping consumers to avoid food waste

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.

• Account Manager (Refapp)
• Data Engineer (Refined)
• Marketing Lead (Quickbutik)
• Technical Support Engineer (Eletive)
• Customer Success Project Manager (Getaccept)
• Commercial Data Specialist (Tendium)
• Head of Finance and Accounting (Zendr)
• Research Engineer - Robotics & Reinforcement Learning (IntuiCell)

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 SaaSacre of 2026 (English).

• "Going into 2026 the single best way to build an 'AI native startup' is to build an API first product that can easily be used by Claude Code" (English).

• AI is killing B2B SaaS that refuses to evolve (English).

• Y Combinator was by far the most-active fintech investor in 2025 (English).

• When a VC’s incentives diverge from the founder's, things get weird fast (English).

• Sweden recorded no shooting deaths in January, making last month the first in almost 8 years without deadly gun violence (English).

• Swedes are boycotting American wines, with sales falling 23% last year (English).

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

Martin