Ztable, a Swedish startup that aimed to develop an app to help horse riders improve their skills, has gone into bankruptcy following multiple years of financial losses.
Wexthuset, an online retailer that saw rapid growth during the COVID‑19 pandemic, filed for bankruptcy as sales fell sharply in the following years.
Cofertility, a new fertility startup, will freeze women’s eggs for free on the condition that the women keep half of the retrieved eggs. The company is led by former Uber executive Lauren Makler.
Swedish e‑commerce group Wesports Group has obtained a new loan facility of up to 1 billion Swedish crowns. The financing will be used to buy more specialist sport and leisure businesses, with the aim of reaching 10 billion crowns in revenue by 2031.
Swedish AI startup Freya, which develops an AI‑driven protection system for drones, announced a new funding round of 6 million euros.
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.
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.
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.
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.
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.