Funnel, a Swedish SaaS startup founded over a decade ago, announced that it has finally turned cash‑flow positive, marking a major milestone after years of operating at a loss of roughly SEK 1.7 billion.
The popcorn startup The Popping Company appointed the founder’s son as CEO as a student gift and subsequently posted a record year with revenue growth of nearly 700%.
The loan‑brokerage startup Sambla, owned by private‑equity firm Nordic Capital, posted a loss exceeding 500 million SEK according to its new annual report, with the CEO Hans Skruvfors indicating a specific factor behind the loss and preparing for the next phase of the business.
Aloi, backed by some of Sweden’s biggest tech billionaires, has quietly built an AI platform aimed at reshaping legaltech. After an aggressive expansion last year, the company added roughly €6 million from a secret VC fund and existing investors, bringing its total raise to €67 million to support further growth.
Founded more than 20 years ago, HF Agency (formerly Husfoto) supplies photographs for property listings and now accounts for about one‑third of the images in Swedish real‑estate ads. The company says it has managed to grow and increase average earnings for its photographers despite a tough housing market, and it is now entering a new international market.
Italian software developer Bending Spoons announced a $2.25 billion acquisition of US workflow platform Airtable, marking its first deal after listing on Nasdaq and continuing its aggressive European software‑acquisition strategy.
Hudson Leograndes, once a homeless teenager, founded Comfrt and grew it into a multi‑billion‑dollar business within three years, earning a seat on David Beckham’s board.
Helsinki‑based AI life‑science startup Aiforia obtained €20 million of venture debt from the European Investment Bank, backed by the EU InvestEU programme, to speed up its AI‑driven cancer diagnostic platform and grow its global commercial presence.
UK‑based SME lender iwoca obtained a £250 million debt facility, strengthening its capacity to finance small and medium‑size enterprises across the region.
Nuggit, a UK‑based growth platform for creators, announced a £5 million Creator Support Fund aimed at high‑potential YouTubers who have reached an inflection point for professionalising their media businesses. The fund offers financing together with strategic and operational assistance, building on Nuggit’s existing Creator Operating System that has already helped more than 33 creators grow revenue by an average of 29 % in under a year.