Swedish Tech Weekly #343: Zoezi, Lassie, Yazen, Intric, Nextory, W Social, Vidde, Vesiro, Loovi, Karma, Leadcaller, Besca, All Aboard, Cay Collective, Normain, Iceheart, CelluCircle, epiminds, Kive, Growth Wise, Smart Notes, 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 3205 subscribers.

• Zoezi (Linköping, simple business system for the wellness industry) is being acquired by Bokadirekt, Stockholm-based digital marketplace and booking app for health, beauty, and wellness services (Swedish / Breakit paywall). ➡️ Added to the Exits Database for PRO subscribers.

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

• Lassie (Stockholm, digital insurance services for pet owners): $75M Series C funding mostly from existing investors Balderton Capital, Felix Capital, Inventure, and Passion Capital. Stena Sessan joined as new investor (funding details page).

• Yazen (Lund, digital healthcare provider helping people lose weight): €6.5M ($7.7M) credit facility from HSBC Innovation Banking, for the continued European expansion (English).

• Intric (Stockholm; secure and sovereign AI platform for building agents, automating workflows, and governing AI adoption): €3.8M ($4.5M) in a pre-seed funding round led by byFounders (funding details page). ➡️ Funding first covered in PRO on December 11.

• Nextory (Stockholm, audiobook and e-book subscription service): SEK34M (€3.2M, $3.8M) in fresh capital from Industrifonden and other existing investors. Nextory also converted convertible notes into equity (funding details page). ➡️ Funding first covered in PRO on January 2.

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• W Social (Stockholm, upcoming "trusted social media platform"): €2.5M ($3M) from We Don't Have Time – the Swedish climate action media platform which is one of the founders of W Social – and its investors (Swedish / Impact Loop paywall). ➡️ Partial closing of this funding first covered in PRO on February 2.

• Vidde (Jörn; maker of a circular, electric snowmobile): €2.5M ($3M) from EIT Urban Mobility and Partnerinvest Norr, among others (Swedish / Di Digital paywall).

• Vesiro (Gothenburg, database optimization software): €1.6M ($1.9M) in a seed funding round co-led by existing investor Chalmers Ventures, and new investor Industrifonden (funding details page). ➡️ Funding tranche of this funding first covered in PRO in August 2025.

• Loovi (Stockholm, platform for data-driven longevity and preventive health through medical testing and tracking): €1M ($1.2M) in an angel round (funding details page). ➡️ Partial closing of this funding first covered in PRO in March 2025

• Karma (Stockholm, AI-first operating system for restaurants): SEK10.5M (€1M, $1.2M) from existing and new strategic investors (funding details page).

• Leadcaller (Gothenburg; platform providing instant callbacks, AI-powered chats, and integrated messaging features to websites): SEK10M (€940K, $1.1M) in a mix of equity funding, and debt/loans. The equity portion was led by Just-Arne Storvik (funding details page).

• Besca (Uppsala, technology to turn biomass into high-valued carbon products): SEK7M (€660K, $780K) grant from the Swedish Energy Agency (English). ➡️ Startup first covered in PRO in November 2024.

• All Aboard (Stockholm, booking tools and APIs for European train tickets and travel passes: €600K ($710K) pre-seed funding from existing shareholders, and a new undisclosed "major British investor" (funding details page). ➡️ Part of this funding first covered in PRO on November 25.

• Cay Collective (Stockholm; digital marketplace for creator-powered lifestyle, fashion and art): SEK6M (€560K, $670K) from SSE Ventures and angel investors (Swedish / Di Digital paywall).

• Normain (Stockholm, extractional AI purpose-built for extracting structured insights from unstructured input data): SEK5.7M from new and existing angel investors (funding details page). ➡️ Funding first covered in PRO on February 5.

• Iceheart (Stockholm; develops patented ice-based thermal energy storage technology that turns ice into a “cold battery” for reliable, long-duration cooling): undisclosed amount from Growth By Capital (funding details page).

• CelluCircle (Stockholm, proprietary chemical textile recycling technology designed for large-scale operations): undisclosed amount from MP Group Holdings (funding details page).

• Legora, the Stockholm-based collaborative AI platform for lawyers, is reportedly in talks to raise funding at a $6B valuation, a tripling from the company's Series C round announced in October (English).

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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• epiminds, Stockholm-based startup offering multi agentic teams for marketing, won the TOP46 startup pitch competition at Techarena.

• Kive, Stockholm-based startup founded in 2018 that offers an AI creative platform for brands, grew its ARR 10x in five months to $6.5M (English).

• Growth Wise, based in Stockholm, has launched its solution for Chiefs of Staff and Ops leaders, "that reads real meeting transcripts and surfaces what didn't happen". ➡️ Startup first covered in PRO in May 2025

• Smart Notes, also based in Stockholm, has launched its digital tool for lectures and meetings, specifically aimed educational institutions. ➡️ Startup first covered in PRO in July 2025

• Amferia, Gothenburg-based developer of materials that can efficiently kill bacteria when used as medical devices, can now enter the US market, as the US Food and Drug Administration (FDA) approved the company's bacterial wound dressing (English).

• Hypertype, which in fall quietly pivoted to offer an AI agent for the industrial sector, says it since then signed more contracts than in all the years since the company's inception in 2021 (English).

• Lavoit, Stockholm-based startup building "the intelligence layer for critical infrastructure, starting with hydrogen", says it will pay $10k "for an intro that leads to a founding engineer hire" (English).

• Miramis Technologies is the new name of PocketLaw. With the change, the Stockholm-based legaltech startup wants to "reflect the evolution into an AI native CLM for enterprise" (CLM stands for "contract lifecycle management") (English).

• 📺 Swedish public service broadcaster talked with the three founders of Tentaklar, a Stockholm-based startup offering an AI-native learning system for reshaping education. The trio currently lives together on only 15 sqm (Swedish / 1 minute). ➡️ Startup first covered in PRO on September 30.

• Tove Nilstun, co-founder of Malmö-based climate and sustainability platform Emission Twin, is stepping down as CEO, to become CPO. She is succeeded by Anja Bexelius, previously CRO (Swedish / Impact Loop paywall).

• Tzafon, San Francisco/Tel Aviv/Zurich-based AI research lab founded by the Swedes Noah Löfquist and Simon Mattias Koser, launched its product Lightcone – a general purpose agent platform for enterprise teams, combining models with secure execution environments – in beta.

• Mistral, the French AI company, announced an investment of €1.2B to build an AI-focused data center together with Swedish data center provider EcoDataCenter, in the city of Borlänge, a few hours north-west of Stockholm (English).

• Sileon, publicly listed Stockholm-based buy now pay later SaaS founded in 2000 as Paynova, has filed for bankruptcy (Swedish, machine translation).

• Spotify says its best developers haven't written a line of code since December, thanks to AI (English).

• In a letter to the EU Commission, Sweden and five other countries express support for a "EU Inc" single European company framework (Swedish / Di Digital paywall).

• Inventure, Nordic VC firm, has hired Sophie Mattsson as Investment Associate based at the Stockholm office (English).

• Carl Svantesson has left EQT Ventures – where he was Partner based in Stockholm – and joined Epidemic Sound as VP SMB (English).

• Spintop Ventures, Swedish VC firm, is opening an office in Norway's capital Oslo, and hired Kremena Toshev as Principal for the country (English).

• 25 companies added to the New Startup database

• A Swedish AI sales tech startup has raised a large, yet-to-be-announced funding round, tripling its valuation

• A Swedish stealth mode robotics startup founded by second-time founders, briefly showed its humanoid robot in public

• Two cybersecurity entrepreneurs from southern Sweden are now building an AI based operating system for SMBs, togther with other co-founders

• Another startup entrepreneurs is at it again, now building an AI agent for high-stakes finance

• A young Swedish serial founder has kicked off a new startup, "building for superagency"

• A biotech startup specialized in precision 3D cell culture handling at scale, is bankrupt

• A Swedish startup in the energy space has run out of money for a second time

• A new startup from Stockholm launched its product, an AI slides editor

• A bootstrapped startup aimed at hunters, grew net revenue 6x to SEK7.3M

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:

• CEO (CLER)
• AI-first Software Engineer (Multiply)
• Solutions Engineer (Steep)
• Software Engineer - Growth Team (Soundtrap)
• Head of Hardware (Tibber)
• Technical & QA Specialist (Jubel.ai)
• Various inc. Electrical Engineer, Robot Software Engineer (Relox Robotics)
• Varius incl. Growth Lead, Product Designer, AI Engineer (Kive)
• Lead Developer (Trine)
• Director of Engineering (Mynt)
• BI Analyst (Mitigram)
• Senior Product Marketing (Sendify)
• Infrastructure & operations engineer (hardware, network & storage) (Berget AI)
• Chief Financial Officer (Meela)

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.

• Nordic VC firm byFounders published its annual report on the "Shape of the New Nordics", offering "a perspective on pre-seed to Series A technology startups and VCs across the Nordics and Baltics" (English).

• Station F, a huge Paris-based startup campus, is launching a European accelerator programme for AI startups across the world, supported by many high-profile backers (English).

• "When I first moved to Sweden, I noticed something. Even if the 99 percent certainty was there, the one percent was where the emphasis was laid. Americans focus on the 95 percent. The 5 percent doesn’t matter" (English).

• “In times of incredibly fast technological change, the delta in capabilities between experienced and inexperienced people is reduced" (English).

• Inference is the new sales & marketing spend (English).

• In-progress research suggests that AI tools don't reduce work, they consistently intensify it (English).

• AI fatigue is real (English).

• Musings on the uniformity of the default path in startups and VC, and how this may lead to a status erosion of building a VC-backed startup (English).

• Sweden ranks #6 in the 2025 Corruption Perceptions Index, the same as last year (English).

• In 2025, Swedish e-commerce sales reached a new historic peak, growing 10% YoY, surpassing the previous high from the pandemic (Swedish, machine translation).

• Swedish public service broadcaster SVT faces criticism for AI-generated children’s programs (Swedish, machine translation).

• Sweden is raising the hurdles to gaining citizenship (English, Swedish).

• Older Swedes rank among the happiest in the world but young adults in Sweden are feeling far worse, according to a new study (English).

• Sweden, often seen as a social-democratic example, boasts one of the world's largest institutional investor sectors and deep stock markets. This is not a contradiction, a researcher writes (English).

• In Stockholm, the average price of a Semla – the traditional Swedish cardamom-spiced wheat bun – has risen from SEK46 in 2021, to SEK59 in 2025 (Swedish).

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

Martin