Swedish Tech Weekly #378: Lisa&, GreenIron, NeoTargets, Pixel Systems, oaiz, Xalerate, Sib Solutions, RebelOS, Standas, Tandem Health, aktiebok, SSE Business Lab, Nautrik, ReBake Motors, Flic, Accounted, Strawberry, Ella, Famnest, 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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• Lisa& (Stockholm; all-in-one embedded lending solution and individual microservices to help companies set up a successful subscription business, founded 2021) has been acquired by Svea Bank (Swedish, machine translation).

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

• GreenIron (Stockholm; technology to transform steel industry residuals into circular, carbon-neutral metal feedstock): up to €20M ($22M) in grant funding from EU Innovation Fund (English).

• NeoTargets (Stockholm; biology-first, AI-enabled oncology target discovery): €4M ($4.5M) in first funding from Marigold Maturation Fund, released in tranches over the next 24 months, subject to agreed milestones and review of commercial progress (English).

• Pixel Systems (Stockholm; solution that detects AI-generated and manipulated images, video and documents): SEK30M (€2.7M, $3M) in a pre-seed funding round led by Unconventional Ventures (English, Swedish / Breakit paywall).

• oaiz (Malmö, AI workflow builder for modern teams): SEK23M (€2M, $2.3M) in a pre-seed funding round from node.vc, Icebreaker.vc, Karaoke Club, and additional unnamed angels (English). ➡️ Funding first covered pre-announcement in PRO on September 2; startup first covered in PRO on February 9.

• Xalerate (Karlstad, governed AI fo the whole company): SEK21.5M (€2M, $2.2M) in first larger funding from CombinedX. A first tranche of SEK12M was invested now, and a second will be provided conditional upon Xalerate achieving certain commercial milestones (Swedish, machine translation). ➡️ Startup first covered in PRO in April 29

• Sib Solutions (Lund, AI video insights platform for logistics, founded 2017): SEK20M (€1.8M, $2M) from new and existing shareholders, including the single largest owner Scania Growth Capital (English, Swedish / Rapidus paywall).

• RebelOS (Gothenburg, prospecting tool that reads official company records and finds the decision-makers inside them): SEK3.4M (€310K, $340K) in pre-seed funding from angel investor Tommy Karlsson (CEO at the security company Videotech), and RebelOS co-founder and CEO Timmy Lundin (English / STN PRO).

• Standas (Stockholm, platform and services to help municipalities prevent crime): undisclosed amount in first outside funding from Gorilla Capital and angel investors (English).

• Tandem Health (Stockholm, AI medical assistant) announced that Norrsken VC, LG Technology Ventures, and T.Capital have joined as investors, following the recent $100M Series B funding round (English).

• [PRO last week] An industrial tech startup has raised yet-to-be-announced eight-digit-SEK funding from a German family-owned machinery company.

• [PRO last week] A sales tech startup raised a yet-to-be-announced eight-digit-SEK amount, at a pre-money valuation of over SEK400M, its highest yet.

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.

• Sting, the Stockholm-based accelerator, has launched aktiebok.io, an MCP-powered full legal share register for Swedish companies that is free, doesn't track, and has no lock-in (English / STN PRO).

• Six startups are joining SSE Business Labs' fall program (Swedish, machine translation). ➡️ I've covered four of them previously in PRO.

• Nautrik, a Stockholm-based developer of autonomous marine systems, is finally stepping into the media spotlight, after six years of quiet building (English). ➡️ Startup first covered in PRO in November 2024.

• ReBake Motors, the new electric vehicle startup founded by former CAKE founder Stefan Ytterborn and his sons, is slowly emerging from stealth mode. The company is "developing mobile cargo tools, engineered around the changing ways people and goods move through urban environments" (English).

• Flic, the Stockholm-based creator of smart buttons also known as Shortcut Labs, will launch an AI voice button on Kickstarter this week – to help people stay away from their phones (English).

• Profile of Accounted and interview with founder Jakob Wennberg. He and his co-founder offer an open source accounting system built for agents, used by 2500 businesses and around a dozen accounting firms (Swedish, machine translation). ➡️ PRO subscribers learned about unannounced funding.

• Strawberry has launched version 1.0 of its browser with baked in AI assistants, positioning it as enterprise alternative to ChatGPT and Claude (English).

• Ella, which previously offered a digital healthcare app for women during and after pregnancy, has relaunched as provider of medical weight management for women (Swedish / Breakit paywall).

• Silo Team, a VC-backed Sweden-founded developer onboarding platform, was killed by shrinking demand for junior coders. When the founders Rasmus and Ida Stjernström saw the signs, they pivoted, and launched the family app Famnest, which now is growing the US (English / STN PRO)

• Pickit, a Visby-based digital asset management platform founded in 2013, is bankrupt, after raising close to SEK200M in funding (Swedish, machine translation).

• Gilion, the Stockholm-based alternative lending provider for scaleups, says it has deployed €200M to European scaleups since its inception, and intends to do the same again in 2027 alone (English).

• Lovable is reportedly offering its 200+ employees to cash out a total of $80M in shares between them, at the $13.3B Series C valuation (English / Sifted paywall, Swedish). Meanwhile, Lovable has opened an office in London – the company's second engineering, product, and design hub after Stockholm, with teams across every function (English)

• Nordic Founders, the founder community launched last year by Nordic Tech Week founders Ludvig Bergström and Mina Lindberg, is looking for a co-founder/CTO (English).

• Minc, the Malmö-based startup hub, is hiring a Head of Capital & Investment Manager (English).

• 📺 Interview with Stockholm-based Margarethe Böhme, who recently was promoted to Managing Partner at Wave Ventures, and thereby became "the youngest VC Managing Partner in Europe" (English / 21 minutes).

• [PRO last week] A YC-backed startup founded in Stockholm, made a major pivot, and moved abroad, to build a factory in another European country.

• [PRO last week] A Swedish startup in the geothermal energy space has emerged from stealth, backed with funding from a prominent investor.

• [PRO last week] A repeat founder, who runs a profitable marketplace startup, is together with a co-founder building an AI-native recruitment matchmaker, that entirely skips traditional interfaces such as websites and apps.

• [PRO last week] A founder who once became Sweden's youngest female CEO of a listed company, is building again, this time in the femtech space.

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.

NEW add-on feature exclusively for PRO/PRO TEAM subscribers: Full MCP access to the entire database at no additional cost, once they bring on a new annual PRO subscriber.

• 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
• Nordic Software Security Summit – Nov 4-6 – Stockholm
• 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:

• Co-founder & CTO / Technical Lead (FRAVEK)
• Various incl. Founders Associate, Design Engineer, System Developer (Vessla)
• Frontend Engineer, ML Engineer, ML Ops Engineer (Encube)
• AI Engineer, Platform Engineer (Stilta)
• Lead Software Engineer, GTM Manager (Vendy)
• Product Marketing Manager (Motorica)
• VP Engineering (Learnster)
• Senior Backend Developer (Majority)
• Senior AI Engineer (Uniplay)
• Marketing Manager (Avassa)
• Flow battery expert - Research Scientist (Rivus Batteries)
• General Counsel (Scila)
• Frontend Engineer (Dibz)
• Technical Project Manager (Sesamy)
• Account Executive (Pivotise)
• Senior Product Engineer (Centi)

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.

• During his recent Europe tour, Nvidia CEO Jensen Huang announced 14 investments in European startups – though none in Sweden (Swedish / Breakit paywall).

• Anthropic has filed to go public, in what could be the biggest IPO ever (English).

• European tech news outlet Tech.eu has launched a free database comprising 52K+ European funding rounds raised by almost 40K companies. Access via API and MCP is offered as well – currently free (English).

• AI has so far delivered zero financial payoff to corporate America outside of tech (English).

• A New York-based builder has launched Bygga, which provides interactive 3D guides for assembling IKEA furniture (English).

• A Swedish non-profit association was hit with a SEK1.4M invoice from their telecom operator after a technical bug caused water pumps to send two million SMS (English, Swedish).

• In 2025, Sweden gained 2,500 new dollar millionaires. From a Nordic perspective, this growth is weak. When it comes to billionaires, however, the picture is the opposite (Swedish, machine translation).

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

Martin

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