Swedish AI startup Solva, founded by a trio of entrepreneurs with experience scaling well‑known tech companies, has closed a financing round of just over 57 million SEK, backed by Y Combinator and startup legend Paul Graham.
Lovable’s co-founders Anton Osika and Fabian Hedin each cashed out roughly 100 million SEK in 2023, with the company not confirming whether the gains stem from AI-related sales.
Swedish deep‑tech startup Solinide Photonics raised €4 million in a seed round co‑led by Navigare Ventures and PSV Hafnium to commercialise its silicon‑nitride photonic integrated circuit and microcomb technology for AI data‑centre interconnects, with funds earmarked for team expansion, prototyping and European manufacturing preparation.
Winningtemp, a SaaS startup, is no longer expanding and is cutting staff, but its performance results are soaring.
Swedish investment firm Flat Capital has entered a new sector by committing 40 million SEK to the biotech startup Pixelgen Technologies, which focuses on the spatial organization of proteins.
Swedish yoga and lifestyle brand Sisterly Tribe announced it has closed a €1 million financing round led by Wellstreet, reported a strong rise in sales, and added new senior hires from rival brands Aim’n and Axel Arigato.
Swedish AI startup Eyedentity secured 15 million SEK from Norrsken Launcher to advance its cancer‑detection technology, aiming to improve early diagnosis and ease pressure on the healthcare system.
Coolstuff, a Swedish startup, has abandoned its previous focus on novelty products and moved into the market for embroidered gifts. After years of decline, the new product line has generated roughly a million in profit.
Swedish foodtech startup Millow, founded in 2020 in Gothenburg, secured €2 million in a funding round led by angel investor Magnus Emilson, with Vitamin Well co‑founder Jan Enhager joining as investor and strategic adviser. The capital will be used to increase production capacity of its low‑water mycelium protein ingredient and strengthen its commercial team to target Nordic foodservice customers.
Royal Streaming, a Uppsala‑based streaming company that grew its revenue last year after two acquisitions, has undergone a major ownership change. The founder and CEO, Gustav Nordlindh, declined to comment, and the move is believed to be linked to the new owner’s intention to pursue a stock market listing.