EQT’s Scaleup Europe Fund joined a major financing round for the Swedish space startup The Exploration Company (TEC). This is the fund’s fourth investment overall and its second backing of a European space firm, according to the news outlet Di.
Fintech company Fxity increased its profit from SEK 700,000 to SEK 16 million under CEO Mikael Lindgren. The co‑founder Johan Elfgren is now taking over as CEO, stating that the company has only scratched the surface of its potential.
Rickard El Tarzi is stepping down as CEO of Flat Capital, a company founded by Sebastian Siemiatkowski, after the parties had differing opinions.
NordAmps, a deep‑tech fabless semiconductor company based in Lund, Sweden, secured conditional approval to list on Nasdaq First North Growth Market and announced an IPO slated for September 2026, aiming to raise capital to accelerate commercialization of its proprietary vertical nanowire transistor technology for communication systems.
Lovable hired a new community builder, while Cai’s social media manager left the company.
Stockholm‑based creator‑marketing platform Fluencify closed an oversubscribed $4.3 million pre‑seed round led by byFounders with participation from Wave Ventures. The AI‑driven platform automates end‑to‑end creator campaigns and will use the funds to hire engineers, open a New York office and expand its US sales and creator network.
American Steven Prast, who spent many years as a senior executive under Elon Musk at SpaceX and Tesla, has taken on the role of operational chief at Swedish battery startup Holyvolt.
After 25 years in the tech industry, former Google Meet scaling leader and former Zoom CEO Smita Hashim, based in Silicon Valley, joins Swedish venture capital firm Disruptive Ventures as an investor, focusing on deep‑tech and engineering talent and planning to help Swedish startups across the Atlantic.
Swedish electric‑aircraft startup Heart Aerospace achieved its first flight of an electric plane in the US, a milestone highlighted by Elon Musk’s public endorsement.
Parfym.se and Bangerhead were set to merge, but Bangerhead went into reconstruction and Parfym.se subsequently declared bankruptcy.