Helena Saxon to Lead Kinnevik as New CEO
Helena Saxon is positioned to become the new CEO of investment company Kinnevik, according to reports confirmed by the company itself.
Lars Eriksson
Finnish Satellite Firm ICEYE Bids for EU Security Ground Station Tender
Satellite company ICEYE, led by Polish CEO Rafał Modrzewski, has officially entered an EU tender for the EOGS program aimed at building an EU security system.
Swedish Online Brokerage Avanza Faces Executive Exodus Amid Internal Culture Concerns
Dissatisfaction is growing at Swedish online brokerage Avanza as several senior executives have departed and more are reportedly leaving. Internal sources cite a spreading ‘Klarna-culture’ as a factor.
Swedish Digital Therapeutics Company Paindrainer Secures €550,000 in Growth Funding
Paindrainer, a Swedish digital therapeutics company based in Lund, has raised €550,000 from existing shareholder Almi Invest, Tramontane Invest, and other existing and new shareholders. The company develops AI-powered digital platforms for chronic pain management, including its flagship PD Care System and the upcoming Relivra product powered by proprietary Artificial Neural Networks.
Swedish Workforce Management Platform Quinyx Posts Record Q4 Results as SaaS Market Stabilizes
Scheduling software company Quinyx achieved record quarterly results in Q4 2025, reaching all-time high sales and improving its operating loss. The company has navigated the SaaS market downturn by integrating AI into its platform, positioning itself well despite industry-wide valuation pressures.
Sweden Orders Four Frigates from French Naval Group in Historic 3.5 Billion Euro Defense Deal
Sweden has ordered four FDI-class frigates from French defense company Naval Group for over 3.5 billion euros, marking the country’s largest military investment since the 1980s. The first frigate is expected to be delivered in 2030. This order comes as Sweden, which joined NATO in 2024, seeks to strengthen its armed forces to secure the Baltic Sea amid Russian threats following the invasion of Ukraine. Naval Group is also competing to supply frigates to the Portuguese Navy.
Swedish AI Patent Firm Stilta Secures Nearly 100 Million SEK from Andreessen Horowitz
Stilta, an AI company founded by Oskar Block, has raised nearly 100 million SEK from venture capital firm Andreessen Horowitz. The company focuses on using AI to manage and maintain patents. Block, who previously gained fame as a teenager for winning large sums on sports betting and later attended Y Combinator, left McKinsey to focus on the venture.
Helsinki Retailgrid Secures €358,000 in Pre-Seed Funding to Modernize Retail Operations
Helsinki-based Retailgrid, an AI-powered retail technology startup, raised €358,000 in pre-seed funding to develop its cloud-based platform that helps mid-market retailers and FMCG companies move beyond spreadsheet-based workflows for pricing, assortment planning and forecasting decisions.
Copenhagen-based Atlo Secures Investment from Scandinavian Retail-Tech Entrepreneurs to Modernize Wholesale Ordering
Atlo, a Copenhagen-based AI-powered wholesale platform, has secured investment from prominent Scandinavian retail-tech entrepreneurs. The platform aims to digitalize wholesale ordering for interior design and lifestyle brands by automating workflows, predicting reorder needs, and providing real-time performance data. Founded by Casper Brix, former Head of Purchasing at AndLight, the platform targets an industry still operating primarily through emails and spreadsheets.
European Commission Selects EQT to Manage €5bn Scaleup Europe Fund for Deeptech Innovation
The European Commission selected Swedish investment firm EQT to manage its new €5bn Scaleup Europe Fund focused on European deeptech startups. EQT won the mandate over finalists Atomico and other competitors. Around €2.5bn has been committed as of year-end, with €1bn from the EIC and €1.5bn from private limited partners including Novo Holdings, CriteriaCaixa, Santander/Mouro Capital, APG Asset Management, and the Wallenberg family.