Legora, which has raised billions and featured Hollywood actor Jude Law in marketing, has hired Zeynep Inanoglu Ozdemir as new Chief Marketing Officer. She brings experience from major tech companies and holds a PhD in AI/machine learning.
Staer, a Swedish robotics startup, is organizing Autonomy, a one-day conference on September 14, 2026 in Malmö that brings together researchers, innovators, investors, and industry players in robotics and physical AI. The event is positioned between ECCV 2026 and The Drop conference, creating a convergence of key stakeholders in the Öresund region’s deeptech ecosystem.
Helena Saxon is positioned to become the new CEO of investment company Kinnevik, according to reports confirmed by the company itself.
Qivalis, a consortium of European banks based in Amsterdam, has expanded to 37 member institutions from 15 countries to develop a euro-denominated stablecoin as an alternative to dollar-dominated stablecoins. The initiative plans to launch a regulated stablecoin in the second half of 2024, subject to regulatory approval. Portuguese banks are notably absent from the project so far, though it includes major banks from Spain, France, Italy, and Nordic countries.
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.
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.
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 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.
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.
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.