Swedish Tech Weekly #360: Einride, Deedster, Hives, Svea Solar, Camphouse, Enginio, Volumental, Arkeon, Selma, Stickerize, Art Silk, Slash Interactive, SMIDE, Newly, LatencyFix, Normain, Staer, Garba, Venga, Qick, Mylla, 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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• Einride (Stockholm; provider of digital, electric and autonomous shipping technology founded in 2016) has completed its SPAC merger, and started trading at the Nasdaq stock exchange in New York (English). ➡️ Added to the Exits Database for PRO subscribers.

• Deedster (Stockholm; solutions for climate action targeting banks, financial institutions, and corporates) is being acquired by Austria-based industry peer Climcycle Solutions (English, Swedish).

• Hives.co (Stockholm; B2B solution for capturing, tracking and prioritising ideas for innovation and improvement) is merging with Netherlands-based Findest, an innovative company specializing in software solutions in R&D (English)

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

• Svea Solar (Stockholm, solar solutions provider): up to €185M ($216M) in a financing facility from Eiffel Investment Group and Arkéa Asset Management, to expand its solar and energy storage portfolio in Sweden (English).

• Camphouse, formerly Mediatool (Stockholm, media management platform tailored for global brands and media agencies): €5M ($5.8M) Series A funding round from existing investors Fairpoint Capital, eEquity, Newion, Frol41, and J12 (funding details page) ➡️ Funding first covered in PRO on February 9.

• Enginio (Stockholm, activation platform designed to streamline and simplify the process of engaging consumers or clients across retailers and markets): SEK30M (€2.75M, $3.2M) in first external funding led by Industrifonden (funding details page).

• Volumental (Stockholm, technology for accurate footwear recommendations to match shoppers to shoes that fit their feet): SEK9M (€830K, $950K) in a strategic investment from Zellerfeld, which develops technology to print a whole 3D-printed shoe with the push of a button (Swedish / Breakit paywall).

• Arkeon (Gothenburg, unlocking the next generation of quantum computers by eliminating frequency placement errors and improving wafer level uniformity): SEK6.5M (€590K, $680K) in a seed funding round from Almi Invest, Navigare Ventures, and Chalmers Ventures (funding details page). ➡️ Startup first covered in PRO in April 2025

• Selma (Stockholm, tools that increase accessibility and visibility on websites): SEK3M (€280K, $320K) in first funding from angel investors (Swedish, machine translation, funding details page). ➡️ Funding first covered in PRO on April 14.

• Stickerize (Stockholm; sticker platform built for creators, studios, and brands): SEK3M (€270K, $320K) from angel investors (Swedish / Breakit paywall, funding details page). ➡️ Startup first covered in PRO on December 22.

• Art Silk (Uppsala, uses microorganisms to create spider silk-inspired fibers that are both biodegradable and recyclable): €200K ($230K) grant from H&M Foundation. Art Silk is one of the winners of the foundation's Global Change Award (English).

• Slash Interactive (Linköping, game studio making physics driven action games): undisclosed amount in first funding from the game studio Pugstorm, and angel investor Peter Barkland (funding details page).

• [PRO last week] A defense tech startup in stealth mode raised funding at a 380% increased valuation.

• [PRO last week] A stealth AI startup raised first funding from a prolific early-stage VC whose name starts with A.

• [PRO last week] A Swedish entrepreneur and angel investor is leading a seed round in an India-based startup.

• [PRO last week] A Swedish VC fund invested in a startup that's developing cultured wood

I covered many more funding rounds, and more details for each, in Swedish Tech News PRO last week. Learn how to get access to PRO.

Find information on thousands of Swedish tech startups

Dozens of new startups from Sweden added each week!

• SMIDE, a new Stockholm-based startup in stealth mode working on a solution to convert engineering requirements into manufacturable 3D geometry in minutes, signed a partnership with Apple's hardware team in Cupertino, to develop its platform (Swedish / Di Digital). ➡️ Startup first covered in PRO on December 11.

• Lovable hits $500M in annualized revenue (English).

• Newly (formerly Natively), the Stockholm-based AI mobile app builder, is launching a funding vehicle, to invest $10,000 into selected apps built on Newly (English).

• LatencyFix, based in Stockholm, launched their solution for real-time latency alignment in remote music production and audio collaboration (English). ➡️ Startup first covered in PRO in June 2025.

• Normain, Stockholm-based developer of extraction-first AI for complex documents, launched an API, so that customers can run analysis right inside their systems (English).

• Staer, Malmö-based startup developing physical AI for autonomous mobile robot fleets founded last year, is joining the Google DeepMind Robotics Accelerator (English). ➡️ Startup first covered in PRO in September 2025.

• The two Swedish defense tech startups Nordic Air Defense and Polar Mist Technologies are teaming up, to add the former's low cost interceptor to the latter's autonomous maritime systems, in order to defend the Baltic Sea (Swedish, machine translation).

• Garba, Malmö-based AI-powered sales intelligence platform, has crossed the $1M ARR mark, almost exactly a year after launching (English).

• Venga, Stockholm-based platform for event invites and photo sharing, has crossed the mark of 100,000 users (English).

• Profile of Qick and interview with founder Milad Mahmoudyan, on the Örebro-based e-scooter provider's bootstrapping journey, and recent expansion into the German market (English).

• Mylla, Malmö-based online marketplace connecting local farmers and end consumers, is launching in Denmark (Swedish / Breakit paywall).

• Legora is opening offices in Paris, Milan and Madrid (English). ℹ️ Company details

• Klarna is launching high-yield savings accounts in the United States (English).

• Cursor, the US AI coding startup, plans to open a small office in Stockholm (and will establish its European headquarter in London) (English).

• Gabriel Petersson, a Swede who co-founded Depict, and who since December 2024 worked at OpenAI in San Francisco, has resigned to "build something new" (English).

• The applications for the next batch of NATO's innovation accelerator DIANA are open (English).

• TACTIC, a new national initiative backed with SEK35M, aims to create a coordinated national support structure for dual-use innovation (English, Swedish).

• The Stockholm-headquartered VC firm Florent Venture Partners opened the applications for Code League, a competition for developers to write code that controls autonomous systems that compete against others (English).

• Feminvest, Stockholm-based female network focusing on female ownership launches an accelerator (English).

• The sentiment among Swedish angel investors has improved during the past six months, according to the latest "Investerarbarometern" report by Connect Sverige. ➡️ PRO subscribers got access to the report last week.

• Snöboll is a new investment company launched by Nordic Angels and Priority Group, which acquires mature portfolios of leading business angels, mainly in exchange for shares in the company, and co-invests continuously in the angels' new businesses (Swedish, machine translation).

• Livia Moore, who has been a VC at Antler in Stockholm since 2020, is switching sides, and joins Swedish AI salestech startup Agaton as Head of Marketing (English).

• Pale blue dot brought together 30 selected decision-makers from Europe’s most influential venture firms, to talk honestly about what’s holding European startups and VC back (English).

• 🎧 Podcast interview with Lisa Ericsson, Head of KTH Innovation and CEO of KTH Ventures, on what it takes to turn world-class research into venture-backed companies (English / 43 min).

• [PRO last week] An autonomous system that writes, ships, observes, and tends software businesses – that's what a new startup in stealth mode aims to build.

• [PRO last week] A digital music-based party game, co-founded by a serial entrepreneur, has quietly launched.

• [PRO last week] Also launched (but still waitlisted): a Founders House-based startup whose solution intends to help creative professionals handle the contextualising, integration and maintenance of branding systems for clients.

• [PRO last week] A digi-physical healthcare provider, which only half a year ago announced its largest funding round, is bankrupt.

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. Learn how to get access to PRO.

• Nordic Software Summit – August 20 – Stockholm
• TechBBQ – Aug 26-27 – Copenhagen (DK)

For subsequent major/flagship events, check the Swedish tech event calendar.

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

• CTO/Technical Co-founder (Havstraum)
• Product Development Engineer (Polar Mist Technologies)
• Various incl. GTM; AI Engineer, Cloud Infrastructure (Redpine)
• Founding Engagement Manager (Motorica)
• CTO (Praktikfinder)
• Financial Controller, Head of Sales (MinCFO)
• Marketing & Growth Lead (Venga)
• Customer Success Manager (Billogram)
• Product Manager (Treebula)
• Full-stack Python/Django developer (Jobylon)
• Revenue Operations Manager (Mynt)
• Product Designer (Yazen)
• Sales Engineer (ProptechCore)
• MDR Regulatory Affairs Specialist (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.

• Pitchdrive, the Belgium headquartered pre-seed VC firm which frequently invests in Swedish startups, has closed its fourth fund at €60M (English).

• US founders have started sharing VC horror stories on X. The most common occurrence, apparently: Investors sleeping through pitch meetings (English).

• Y Combinator launches Paxel, a free tool that provides founders with insights on how they use AI coding agents (English).

• "AI-pilled" firms in the US spend $7,500 per employee each month on AI (English).

• SpaceX raises $75B in the biggest-ever IPO, at a market value of $1.77T (English).

• It's not FAANG anymore. It's MANGOS (English).

• The better the autopilot, the worse the pilot (English).

• The Swedish Public Health Agency recommends no smartphones for children under 13 (English, Swedish).

• The Swedish Meteorological and Hydrological Institute (SMHI) is initiating a preliminary study to map the research on how a collapse of the Atlantic Meridional Overturning Circulation (AMOC) could affect Sweden (Swedish / DN paywall).

• Swedish Internet Foundation published a report on Swedes' opinions about age limits on social media (Swedish).

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

Martin