Swedish Tech Weekly #377: Vinden, Legora, CemVision, Inossia, Vessla, Gardera, Suturion, North House, Warmare, Visually, MAIA Universe, Berget AI, Elyra, JevMan, Navari, Solace Care, Volumental, Founders House, Angel Prize, 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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• Vinden (Stockholm, on-demand storage and moving service) is being acquired by the Swedish moving and logistics company OCT (Swedish, machine translation).

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

• Legora (Stockholm, collaborative AI platform for lawyers): $550M in a Series E funding round, led by Atreides Management, at a valuation of $8.8B (English).

• CemVision (Stockholm, decarbonizing cement): up to €27.5M ($31M) grant funding from the EU Innovation Fund (English).

• Inossia (Stockholm, technology for softening of bone cements): SEK44M (€4M, $4.5M) from Cradle Growth, EIC Fund, and existing shareholders. The investors have committed to a second tranche of another SEK44M upon FDA clearance of the product in the US (English).

• Vessla (Stockholm, agentic OS for property operations): $3.3M in a pre-seed funding round led by Seedcamp. The startup emerged from stealth last week (English). ➡️ Startup first covered in PRO on August 4 (under the legal entity's name)

• Gardera (Stockholm, autonomous security engineer for teams): €2M ($2.2M) in a pre-seed funding round led by Vendep and DIG Ventures (English). Startup first covered in PRO on April 21; funding first covered in PRO pre-announcement on August 31.

• Suturion (Lund, developer and manufacturer of a sewing machine for standardised closure of the abdomen): SEK20M (€1.8M, $2M) convertible note from Cradle Growth (English).

• North House (Stockholm; platform helping businesses ensure that governance documents are easily accessible, kept up to date, and swiftly anchored across the organisation, founded 2022): SEK10M (€900K, $1M) from existing and new investors (Swedish / Breakit paywall). ➡️ Funding first covered pre-announcement in PRO on August 18.

• Warmare (Gothenburg, digital accounting service provider): SEK9M (€800K, $900K) from angel investors Jens Collskog and Carl-Magnus Hallberg (Swedish, machine translation).

• Visually (Lidköping, AI platform that lets anyone create studio-grade explainer and marketing videos from a single prompt): SEK1.5M (€140K, $150K) from BLING Capital (English). ➡️ Startup first covered in PRO on August 6.

• MAIA Universe, formerly Freshsound (Stockholm, platform to license music instantly from commercial artists): undisclosed amount from Max Martin (via MxM), Björn Ulvaeus, and the RMV studio (English).

• [PRO last week] A new startup that's developing a novel technology for energy harvesting, secured SEK500K in early financing.

• [PRO last week] A new startup aiming to give AI senses to act in the physical world, has raised first, yet-to-be-announced funding.

• [PRO last week] A new legaltech startup raised a seven-digit SEK amount in first funding from one angel investor.

• [PRO last week] A new AI assistant for real estate agents raised SEK4.5M in yet-to-be-announced first funding from angel/private investors.

I covered many more funding rounds, and more details for each, in Swedish Tech News PRO last week. PRO is ideal for early-stage startup investors. Sales professionals targeting Swedish startups also find it useful. Learn more.

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• Berget AI, the Stockholm-based provider of sovereign AI infrastructure for Europe, released an open-source method for calculating the carbon emissions of every individual AI request (English). ➡️ Startup first covered in PRO in March 2025.

• Profile of Stockholm-based AI-powered restaurant operations platform Elyra, whose founders moved back to Stockholm after participating in Y Combinator. They cite signed contracts with 200 restaurants across Europe, with a total contract value of SEK13M (Swedish, machine translation). ➡️ Startup first covered in PRO in August 2025.

• JevMan, a tool benchmarking AI decision models through Pac-Man games built by Swedish AI router startup Opper, has gone viral, as exemplified by a mention in this TechCrunch piece on OpenAI's decision model (English).

• Navari, based in Gothenburg, develops technology that provides AR guidance during minimally invasive procedures, which now was used for the first time in a human surgery (Swedish, machine translation).

• Solace Care, the Stockholm-based platform for legacy planning and guided loss support, is launching in the Netherlands – the fifth market (English).

• Voi says Q3 was its best quarter ever, with revenue growing 53% YoY and adjusted EBIT doubling to €22M. Operating cash flow was €33M (English).

• Alper Aydemir, co-founder of Volumental, is stepping down as CEO of the Stockholm-based developer of technology for accurate footwear recommendations, to focus on the company's AI strategy (English).

• The Swedish-Ukrainian technology consultancy Sigma Software has, together with the Ukrainian startup Respeecher, released a Swedish text-to-speech (TTS) voice model for enterprises and public sector organizations that serve Swedish users (English).

• A contractor coworker has died at Stegra's construction site in Boden (English).

• Prisjakt, the Swedish price comparison and product information platform, went public at Nasdaq First North Growth Market (Swedish, machine translation).

• The applications for Founders House, the Stockholm-based hub for ambitious founders, are open until the end of the week (English).

• Angel Prize, Nordic Angel's annual angel investor awards, opened the voting (English).

• The Swedish forest company Södra wants help from entrepreneurs and innovators to identify the next generation of damage-reducing measures against wildlife browsing (English).

• The government's Accelerationskontoret ("acceleration office") proposes the launch of a SEK10B market-based scaleup fund, with the state as anchor investor, to finance industrial scaling up of new technology in Sweden and the Nordic countries (Swedish, machine translation).

• State venture capital largely functions effectively, according to a review by Sweden's National Audit Office (Swedish, machine translation).

• The Norrsken Foundation will open in the US, and has secured a building in Venice Beach, Los Angeles for its next impact hub (English / Impact Loop paywall).

• BackingMinds announced the first close of its third fund at a bit over €50M. As previously, the Swedish VC firm will keep focusing on founders outside the traditional VC networks (English). ℹ️ Recent investments in Sweden

• EQT Ventures & Growth was named Venture Capital Fund of the Year at the GP Bullhound Allstars Awards (English).

• [PRO last week] A stealth AI startup aims to build intelligence that becomes more compute-efficient as it learns.

• [PRO last week] A Swedish serial entrepreneur in the energy space who sold their fast-growing previous startup, is now building an asset management solution for energy infrastructure.

• [PRO last week] A repeat founder, who sold their previous startup to a media company, is now working on an AI-first game-engine for quiz/trivia.

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.

Search curated data on almost 5000 active startups and scaleups from Sweden – new ones added daily.

• Movexum Demo Day – 28 Oct – Gävle
• Breakit Funding Day Gothenburg – Nov 3 – Gothenburg
• Nordic EdTech Summit – Nov 4 – Oslo (NO)
• Øredev – Nov 4-6 – Malmö
• Security Divas Sweden – Nov 4-5 – Karlstad
• Venture Arena – Nov 5 – Linköping
• Transformation Conference x Next Textile - Nov 5 – Borås

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

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

• CPO & Co-founder (Flava)
• Commercial Co-founder (Volumeer)
• Various incl. Product Engineer, GTM, Applied AI Engineer (Hedda)
• Founding Engineer, AI Software Engineer, Senior Design Engineer (Klar)
• Various incl. Data Processing Specialist, Engineering Manager, Project Manager (Airpelago)
• Head of AI (Aventix)
• Senior Backend Engineer, AI Engineer (Leedflow)
• Regulatory Lead (Eyedentity)
• Creator Campaign Manager (Influeri)
• Senior AI Engineer (Garba)
• Founding Marketing Lead (Vetnio)
• Epi Process Engineer (SweGaN)
• Hardware Product Manager (Tibber)
• Sales Exec (Real Talk)
• CAD/CAM Programmer (X Shore)
• Forward Deployed Creative (Epidemic Sound)
• Data Center Operations Engineer (Scandinavian Data Centers)

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 applications for Y Combinator's winter batch are open until November 2 (English).

• The AI frenzy leads to VCs backing the same startup in the same round at widely differing valuations, and sometimes only the higher number is made public (English / Bloomberg paywall).

• A report on how Europe's most well-funded climate founders were made, and where the next generation is building (English).

• Volvo Cars is cutting 2000 jobs in Sweden (English).

• The Government Offices are banning the use of ChatGPT and Claude for staff, to ensure that employees use approved services including Microsoft’s AI tool, Copilot (Swedish, machine translation).

• Five out of six AI chatbots stay in the political middle ground, with Grok being the exception, according to a study from Gothenburg's Chalmers University (English).

• Sweden has received a record 4,077 submissions for Melodifestivalen, its national selection for the Eurovision Song Contest. But some entries might be AI created (English, Swedish).

• An average Swede consumes just over 15 kilos of clothes and other textiles per year. That's up 1.5 kilos in just one year, and up by almost 5 kilos since the year 2000 (English).

• Eight out of ten participants passed Sweden's first ever citizenship civics knowledge test (English, Swedish).

• Stockholm has taken the top spot from Halland as the region in Sweden where people have the highest average life expectancy (Swedish, machine translation).

• For a long time, young Swedes moved out of their parents' homes earlier than young people in any other EU country – not anymore (Swedish, machine translation).

• A gambler living in Sweden has won SEK216M by managing to come up with all the right numbers for the Eurojackpot. "The winner will get professional support to handle the 'enormous economic change'" (English).

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

Martin

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