Swedish Tech Weekly #353: Qura, Legora, Decade Energy, Nordan AI, Lungflex, HI Assessments, ANNA, Ahody, Memmo, Azzist, Donya, Blaise, Barnluren, Spotify, Epidemic Sound, Findity, Helsing, Tech Open, Always Summer, Turbine Capital, 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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• Qura (Stockholm, AI-native legal research) is being acquired by Swedish industry peer Legora. Notably, in 2023 both companies participated in the same SSE Business Lab batch (English). ➡️ Added to the Exits Database for PRO subscribers

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

• Decade Energy (Paris & Stockholm; develops energy storage, charging and software to secure power for electric fleets at the lowest cost): €22M ($26M) led by Eiffel Investment Group and SET Ventures (funding details page).

• Nordan AI (Stockholm, AI-powered systems for trusted decisions): SEK15M (€1.4M, $1.6M) from Spotify veteran and uTorrent creator Ludvig Strigeus (Swedish / Di Digital paywall, funding details page).

• Lungflex (Ljungby; developer of FlexO2, a patient-controlled valve that increases freedom and independence for users of long term oxygen therapy): undisclosed amount from Almi Invest, Media Mobility, and angel investors (Swedish, machine translation).

• HI Assessments (Stockholm, assessment platform for smarter hiring & development): SEK5M (€460K, $540K) in first funding from angel investors (Swedish, funding details page). ➡️ Startup first covered in PRO in August 2025.

• ANNA (Stockholm, app for parents of children and young people with diagnosed or suspected NPF): SEK4M (€370K, $440K) in first funding from Tommy Jacobson and Karl-Johan Persson (Swedish, funding details page).

• Ahody (greater Stockholm area, editorial operating system for newsrooms): SEK3M (€280K, $330K) in first funding from Swedia Capital and Breakit co-founder Stefan Lundell (Swedish, funding details page). ➡️ Startup first covered in PRO in November 2025.

• Memmo, formerly Bright (Stockholm, all-in-one study platform): SEK3M led by existing investor Foundry ventures, and the Magma Math founders Henrik Appert and Arvid Gilljam. The funding was raised at a 170% valuation increase (funding details page). ➡️ Funding first covered in PRO on April 13.

• Azzist (Malmö, AI-based platform that helps municipalities and authorities detect irregularities within personal assistance service providers): undisclosed amount in first funding from FemOwn (Swedish / Rapidus paywall). ➡️ Startup first covered in PRO in September 2025.

• Donya (greater Malmö area, wearable device that tracks fetal movements): undisclosed amount in first funding from Skåne Ventures (funding details page). ➡️ Startup first covered in PRO in August 2025.

• [PRO last week] A stealth mode AI-native techbio startup raised a yet-to-be-announced second funding round at a pre-money valuation of SEK200M.

• [PRO last week] A startup which solves wireless design, raised first, yet-to-be-announced funding.

• [PRO last week] An AI research lab founded by Swedes is rumored to have raised $17M in fresh funding.

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

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• "Swedish Startup Battle" is a little experimental tool I created for discovering Swedish tech startups, based on 4000+ companies in my database.

• The two Lovable alumni Alexander Wikström and Elliot Norrevik have unveiled Blaise, an "AI system that builds custom software for organizations, in days, for a fraction of the price of the firms it replaces". Blaise is the first product of their new research lab Swedish Superintelligence. ➡️ Startup first covered in PRO on March 2.

• Apropos: We are already seeing the formation of a "Lovable Mafia" (English).

• Barnluren is a new Stockholm-based startup offering a private phone network for children, which comes with a real analogue phone for the home (English).

• Spotify was founded 20 years ago (English).

• Lovable's founders published a blog post apologizing how they handled and communicated a recent security-related incident (English). The company also just opened its first US office in Boston (English).

• Epidemic Sound, the almost two decades old Swedish music licensing provider for creators, is expanding to "build a next-generation creative platform for modern content production". (English). As part of this transformation, Epidemic Sound will cut 150 jobs, representing around one fifth of the global workforce (Swedish / Di Digital paywall).

• Einride plans to enter the defense business, and has appointed former NSA director Keith B. Alexander to its board (English).

• Findity, Stockholm-based expense management platform, has launched in the US together with a partner (Swedish, machine translation).

• Helsing, Germany-headquartered defense tech scaleup in which Spotify co-founder Daniel Ek is a major investor, has opened a Stockholm hub, which will serve as the operational centre for the company's Nordic activities (English).

• The applications for the SSE Business Lab Summer program are open (English)

• Tech Open, the main event of the Nordic Tech Week 2026, and touted "the world's largest free open-air tech conference", will take place at Stockholm's Kungsträdgården, on Sept 10-11.

• Business Sweden, an initiative run by the Government and the Swedish industry, launched a program designed for Swedish startups and scaleups with international growth ambitions, that comes with a coordinated participation at up to five global tech conferences (English).

• Sweden's level of enterprise AI adoption lags the other Nordic countries, according to Deloitte's just published "State of AI in the Nordics" report (English).

• Sifted, the FT-owned, UK-headquartered European tech news site, is looking for a Stockholm-based reporter, who will cover the New Nordics alongside Mimi Billing (English).

• Always Summer has launched, aiming to "build the Nordic's leading independent asset manager" and to fill gaps in the market. The firm is co-founded and led by former Creandum Partner Sabina Wizander (English, Swedish / Di Digital paywall).

• Turbine Capital, the Stockholm-based early-stage deeptech VC fund launched a year ago with a €30M first closing, has added around SEK200M in a second closing (English).

• Felicia Nordgård joined Stockholm-based consumer tech investor Bust as Partner (English).

• PINC, the Stockholm-based corporate VC of Finnish family-owned food and drink company Paulig, has hired Karl Swensson as Investment Director (English).

• Norrsken Evolve, Norrsken's pre-seed fund, is hiring a Finance Manager in Stockholm (English).

• [PRO last week] A startup offering an AI coworker for founders that proactively drafts monthly investor updates, has quietly emerged from stealth.

• [PRO last week] A few weeks after her previous startup went bankrupt, a founder is already building her next company, this time in the sportstech space.

• [PRO last week] A VC-backed AI startup has pivoted, now offering a voice-controlled always-on AI assistant for Mac users.

• [PRO last week] A Swedish fintech is broadening its scope, now aiming to "build the go-to financial platform for European SMEs - lending, banking, cards, payments, one place".

• [PRO last week] Bankruptcies and shutdowns: A Swedish YC alumnus, a company that develops and builds conversational AI systems, an AI music creation startup, and an app for dog breeders.

• [PRO last week] A Swedish autopilot AI optimization engine whose founders just returned from San Francisco, is raising raising $1.1M in a first funding round, with 60% committed so far.

I covered many more news – many of which have not been reported elsewhere – and more details for each, in Swedish Tech News PRO last week.

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For more major and flagship events, check the Swedish tech event calendar.

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

• Technical co-founder (Zerify)
• Solutions Engineer (Pit)
• Founding Engineer (CTO Track) (Veriscope)
• Founding GTM (BEPP)
• Architect/BIM-engineer (Arkyv)
• Senior Fullstack Engineer (QA.tech)
• Commercial & Operations Manager (Skye)
• AI developer (Briefer)
• Account Executive, Mid-Market (Telgea)
• Customer Success Agent (Lyra)
• Fullstack Developer (Safesite)
• Process Development Engineer (DP Patterning)
• Backend Engineer (Alrik)
• Various incl Senior Data Engineer, People & Culture Director, Director Product Marketing (Funnel)
• Software Engineer (Mindler)
• Strategic Purchaser & Sourcing Lead (X Shore)

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.

• SpaceX, Elon Musk's space company (which recently merged with xAI), says it has an option to buy the popular software development platform Cursor for $60B later this year (English). One of Cursor's co-founders is the Swede Arvid Lunnemark, though he left the San Francisco-based company in fall last year.

• Worldwide app releases in Q1 2026 were up 60% year-over-year across both Apple’s App Store and Google Play (English).

• An in-depth look at the role of domain expertise in vertical AI (English).

• The 20-60-20 rule of AI adoption: 20% power users, 60% default users, 20% refusers (English).

• The new vanity metric: Token usage (English).

• How to hire people who are better than you (English).

• Two-thirds of Swedes are negative about AI-generated literature, while only 3 percent are positive (Swedish, machine translation).

• The Swedish moment: How design is powering unicorn growth (English).

• Gothenburg's Chalmers Group – which among other entities includes Chalmers University of Technology and Chalmers Ventures – created a stir with a new shared visual identity and logo (English).

• 📺 It's time again for the annual livestream "The Great Moose Migration” (link).

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

Martin