Lars Eriksson 
Farang, a quiet AI startup in Sweden, has secured funding that quadrupled its valuation. The company has abandoned revenue goals, turned down customers, and is now betting everything on developing superintelligence to challenge the biggest AI firms. It plans to live off investments for several years ahead.
Swedish startup Lovable bought AI firm Sutro to make AI-built code more reliable, expanding its capabilities in code analysis and verification.
Swedish startup Tysander announced that it has topped up its financing this week, indicating a new round of capital has been raised.
Swedish recruitment‑tech startup Aday Systems, based in Kalmar, announced it has secured 2.5 million SEK from investors including state‑backed Almi Invest to develop its all‑in‑one recruitment platform.
Copenhagen‑based plant‑based food startup MATR announced a partnership with Germany’s largest grocery delivery service, REWE Lieferservice, giving the company access to roughly half of German households and expanding its fermented greens product range nationwide.
Swedish e‑commerce platform Quickbutik introduced Quickbutik Checkout, a unified payment solution developed with Adyen, which lets merchants manage payments, payouts and disputes alongside orders and accounting. During a pilot of 5,000 orders, conversion rates rose by an average of 7 %. The service is now open to all merchants, aiming to bring large‑merchant checkout features to businesses of any size.
Private‑equity firm Altor has poured about 380 million SEK into Circulose, the new owner of a dormant textile‑recycling factory, aiming to restart operations by late 2026.
Swedish sleep‑app startup Sleep Cycle announced a major cost‑cutting plan, slashing roughly 40% of its staff and ending multiple consulting engagements to save 35 million SEK. The move follows Altor becoming a major shareholder in the company.
ESA chose the ARISE consortium, headed by Finnish startup ICEYE, to develop a concept for a European sovereign Earth observation system for government use.
Swedish fintech Trustly announced it will lay off about 200 employees, roughly 25% of its staff, as part of a restructuring aimed at sharpening its focus on the fast‑growing open‑banking market. The cuts mainly affect teams in Brazil, while the company, which has raised $438 million from investors such as BlackRock and Nordic Capital, continues to serve thousands of merchants globally.