Swedish AI Startup Freya Secures 6 Million Euro Funding Round for Drone Protection Technology
Swedish AI startup Freya, which develops an AI‑driven protection system for drones, announced a new funding round of 6 million euros.
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Swedish Spatial Transcriptomics Startup Cubase Bio Secures €1 Million Eurostars Grant for Cardiac Drug Discovery Platform
Swedish spatial‑biology startup Cubase Bio teamed up with Austrian organoid company HeartBeat.bio, receiving about €1 million in Eurostars funding to create the FACTS‑3D project, which combines Cubase Bio’s 3D spatial transcriptomics with HeartBeat.bio’s cardiac organoids for high‑throughput drug discovery targeting myocardial fibrosis.
Swedish Fintech Anyfin Slashes Net Loss by Over 100 Million SEK Following Banking Licence Approval
Anyfin cut its net loss by over 100 million SEK and obtained a Swedish bank licence, enabling it to finance its lending via savings accounts and nearly halve its financing costs.
Swedish SaaS Startup Corvenia Secures Funding to Expand Corporate Leadership Platform
Corvenia was founded earlier this year to give corporate leadership an overview of large groups. The company has now secured new funding to accelerate its growth.
Swedish Defense-Focused AI Startup Synclair Vision Secures €5M Seed Funding for Ukraine Expansion
Synclair Vision, after refusing to adapt to venture capital demands for civilian applications and focusing solely on defense, has raised 5 million euros in its first external funding round to expand into Ukraine.
Period Pack Founder Amanda Mattsson Steps Down, Sells Shares in Swedish Menstrual Products Company
Amanda Mattsson and co‑founder Lova Svensson started Period Pack as a school project and grew it into a company with million‑euro profits operating across Europe. Mattsson is now leaving her role as CEO and selling her shares in the business.
Swedish Battery Storage Startup Tavion Raises Over 500 Million SEK for Polish Expansion
Emad Zand, former Northvolt executive, raised more than half a billion kronor for his new venture Tavion, funding the development of three battery storage parks in Poland.
Salesforce in Talks to Acquire Swedish AI Startup Listen Labs for $1.8 Billion
American software giant Salesforce is reportedly negotiating to buy Swedish artificial‑intelligence company Listen Labs, founded by Alfred Wahlforss, for an estimated 20 billion Swedish crowns.
Rapunzel of Sweden Trims Workforce as Loss Narrows Despite Revenue Dip
Rapunzel of Sweden, a hair extension e‑commerce company, cut its staff and reported a smaller loss last year, although revenues slipped slightly.
Meta acquires Swedish AI startup Stilla
Swedish AI startup Stilla, founded by Siavash Ghorbani and Kaj Drobin, is being bought by Meta, the owner of Facebook, as announced in a press release.