Swedish Tech Weekly #367: Alex Therapeutics, Brickanta, Alysa, Lovable, Legora, Quartr, Aligned Bio, MIllow, Amanda AI, Sonder Labs, Heart Aerospace, Transfer Galaxy, SCRL, Registercentralen, Klang, 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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• Alex Therapeutics (Stockholm, companion apps for patients and their treatment challenges) has sold its assets to various buyers, including Navamedic, which bought the Parkinson's disease application Levilog (English). ➡️ Added to the Exits Database for PRO subscribers.

• Brickanta (Stockholm, agentic AI platform built for the work that moves construction projects forward) is "acquihiring" Alysa, a Stockholm-based startup founded in early 2026, which was building AI for construction bids (English, Swedish / Breakit paywall). ➡️ Alysa first covered in PRO on January 21.

• Monterro, the Swedish B2B software growth investor, has acquired a majority stake in Danish startup Creative Force, which offers AI-driven content production for online retailers (English).

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

• Lovable (Stockholm, AI web app builder): $400M in a Series C funding round at a $13.3B valuation, co-led by existing investor Menlo Ventures, and new investor Scaleup Europe Fund, managed by EQT (English, ℹ️ database).

• Legora (Stockholm, collaborative AI platform for lawyers) is reportedly in early-talks to raise a new funding round at a valuation of more than $10B (English).

• Quartr (Stockholm, AI infrastructure for company research): $18M in a funding round led by existing investor Altos Ventures, with participation from new investor SEB Venture Capital (English, ℹ️ database).

• Aligned Bio (Lund, nanowire-assisted single-molecule detection platform): $3.6M in a funding round led by LMK (English, ℹ️ database).

• Millow (Gothenburg, technology that turns oats and mycelium into beef‑like protein): €2M ($2.3M) in a funding round led by existing angel investor Magnus Emilson (English, ℹ️ database).

• Amanda AI (Stockholm; autonomous AI advertising robot for optimizing Google, Meta and Bing advertising): SEK10M (€900K, $1.05M) from existing investors and shareholders, including the founders and Spiltan (Swedish / Breakit paywall, ℹ️ database)

• [PRO last week] A startup developing a rapid diagnostics test for a contagious bacterial infection has raised first funding.

• [PRO last week] A Finnish VC firm led the first large funding round – still unannounced – raised by a Swedish AI accountability platform.

• [PRO last week] A healthtech startup aiming to enable the monitoring of hundreds of biomarkers in real time, raised its largest, yet-to-be-announced funding to date, at a pre-money valuation of over SEK500M

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.

When did you hear first about Lovable?

PRO subscribers did so on February 2, 2024.

If you are an early-stage startup investor, increase your chances of spotting the next breakout startup earlier than most others, by joining PRO! Learn more.

• Sonder Labs, a new Stockholm-based energy infrastructure startup, is slowly getting ready to come out of hiding. One of the two founders: former Northvolt co-founder and CEO Peter Carlsson – who is now building two startups simultaneously (English). ➡️ Details about Sonder Labs first covered in PRO on March 10.

• Lovable has started to train AI models on its own, the company shares in a blog post (English).

• Heart Aerospace, the Sweden-founded but nowadays US-based aerospace company, says it has completed the successful first flight of its X1 full scale hybrid-electric plane (English).

• Transfer Galaxy, the Örebro-based remittance service for immigrants, has paid a special dividend of SEK25M – almost its entire 2025 profit – to its shareholders (Swedish, machine translation).

• SCRL, a bootstrapped social media design platform headquartered in Stockholm, doubled its revenue in 2025 to around €34M (English).

• Registercentralen, an Örnsköldsvik-based startup that last year launched an automated record management platform for a safer sports environment, has signed over hundred customers so far, both general and elite associations (Swedish, machine translation). ➡️ Startup first covered in PRO in September 2025.

• Klang, the Helsingborg-based startup offering solutions for AI notetaking for high-stakes work, is launching in Japan – the first market outside of Europe (English).

• Sweden ranks #10 globally for AI-related funding in PitchBook's 2026 Global VC Ecosystem Rankings (English).

• Spotify has released Xirp, a vendor-neutral agentic development environment available to outside developers (English).

• Spotify is sponsoring school visits to Stockholm's National Museum of Science and Technology (English, Swedish).

• Karolinska Institutet Innovation has opened the applications for its KI Incubator, aimed at science-based startups with the potential to improve health, healthcare or patient's lives (English).

• An Industrial AI hackathon will take place in Malmö on August 25 (English).

• One month later, Gothenburg Tech Week, Chalmers, Chalmers AI society and Chalmers Entrepreneurship Society will host a two day hackathon in Gothenburg on Sep 25-26 (English).

• Accel, the global VC giant, will bring its AI Innovate hackathon to Stockholm on September 16 (English).

• BLING Capital has raised more than half of the SEK100M targeted for its second early-stage fund, and will start to invest across the Nordics (English, Swedish / Breakit paywall). ℹ️ Tracked recent investments by BLING Capital

• Norrsken Launcher has promoted Jakob Falck to Partner (English)

• 🎧 Podcast interview with Per Björklund, one of Sweden's few full-time angel investors through Further Than Capital, where he together with Stefan Lindeberg invests in startups (most often) at the very earliest stages (English / 58 minutes). ℹ️ Tracked recent investments by Further Than Capital

• [PRO last week] A new Stockholm-based startup that is designing, building and operating microgrids on industrial sites, will raise first funding.

• [PRO last week] The co-founder and former CEO of a successful Swedish startup, has incorporated a new company, which eventually may turn into a new startup.

• [PRO last week] A Swedish micro VC which has invested in 28 startups across the Nordics during 18 months, will raise its second fund.

• [PRO last week] A startup which aims to build "the last AI operating system for real estate", has exited stealth mode.

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.

Find information on thousands of Swedish tech startups

New startups added daily, many still completely under the radar.

• Nordic Software Summit – August 20 – Stockholm
• TechBBQ – Aug 26-27 – Copenhagen (DK)
• Nordic Tech Week – Sep 7-11 – Stockholm
• Nordic Life Science Days – Sep 8-9 – Stockholm
• European Conference on Computer Vision – Sep 8-12 – Malmö
• Nordic EdTech Summit – Sep 9 – Oslo (NO)
• Tech Open – Sep 10-11– Stockholm

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

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

• Founding Marketing Lead (Staer)
• Founding Product Designer (Solace Care)
• AI Engineer (Uniplay)
• Head of Supply (Evify)
• Growth Lead (Klang)
• Customer Success Manager (CLER)
• Chief Technology Officer (PACK AWAY)
• Junior Architect / 3D Designer - ArchViz & Unreal Engine (Co.Society)
• Manager Location Sales (Instabee)
• Growth Marketer (Mediaflow)
• Commercial Lead (Perspetivo)
• Fullstack Software Engineer (Palats)
• Various incl. Construction Project Manager, Power Trader, Backend Software Engineer (Ingrid Capacity)
• AI Ops Engineer (People Team) (Lovable)
• Head of Information Security (Paligo)
• Head of Climate Analytics & Success (Atmoz)
• Customer Support Specialist (DigiProc)

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.

• Fast initial traction does not matter for VCs if the vision is too small (English).

• There are three founder archetypes: the problem founder, the insight founder, and the vision founder (English).

• The math behind a 3x venture fund, and why the best investment needs to return the whole thing (English).

• AI makes the best engineers much more productive and the bad ones almost impossible to hire (English).

• San Francisco is blanketed in AI ads, containing riddles and messages aimed at a tiny subset of AI insiders, while making other residents feel left out, and angry (English).

• Some Swedish parties are advocating for a "billionaire tax", which would include unrealised gains. This could have negative effects on Sweden’s tech ecosystem and undermine the success that has been built over a long time, worries Wilhelm Nyström (Swedish, machine translation).

• Sweden’s largest industrial union, IF Metall, is calling off the longest labor conflict in modern Swedish history against Tesla, after the US company bought out every one of its striking members (English, Swedish).

• The number of small packages sent to consumers in Sweden from outside the EU fell by almost 70 percent in July compared with the same month last year, following a new customs fee (English).

• Sweden and Finland have restored cross-border passenger rail services, ending a 38-year break (English).

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

Martin

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