Category: Social
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TOP STORIES AROUND THE WORLD
đșđž â The US takes significant steps toward banning TikTok. A key committee in the US House of Representatives has unanimously supported a proposal to ban TikTok or force its sale, with backing from President Biden. đžđȘ âšÂ Each year, Dagens Industri highlights the 125 women with the most power and influence in Swedish business. Businesswoman of the…
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Infinited Fiber Company raises 450 MSEK
(Espoo, a premium textile fiber from recycled fabric): Has raised 450 MSEK in a funding round from Inditex Group, TTY Management and H&M with founding member Karl-Johan Persson. “Investing in new innovative materials is an incredibly important part of our sustainability work for a circular future,” comments H&M.
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Cellcolabs raises 90 MSEK
(Stockholm, mass production of stem cells): Has raised 90 MSEK in a funding round led by Jens von Bahr and Fredrik Ăsterberg. Also participating is Nordic Angels‘ latest initiative ACAP, which, along with 4 members, has invested 12 million in Cellcolabs. Read more about ACAP below. Cellcolabs is now accelerating its efforts to mass-produce stem cells for the global market. Do you also want to…
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NitroVolt raises 8.5 MSEK
(SĂžborg, is developing a small-scale ammonia synthesis unit, to give farmers control over fertilizer production): Has raised 8.5 MSEK in a funding round led by BackingMinds with founding member Susanne Najafi. “We seek companies like NitroVolt that directly address global problems and want to achieve our vision of successfully reducing carbon dioxide emissions globally,” comments Susanne Najafi.
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Cetti raises 16 MSEK
(Uppsala, an integrated real estate transaction solution between sellers, buyers, brokers, and banks from advertising to signing): Has raised 16 MSEK in a funding round from Johan TjĂ€rnberg, Oliver Hildebrandt, Christian Frick and member Michael Wolf. Cetti handles around 25% of all real estate transactions and is used by over 50% of Sweden’s real estate brokers.
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Syre raises 500 MSEK
 (Stockholm, a textile impact company decarbonizing the industry through textile-to-textile recycling): Has raised 500 MSEK in a funding round from TPG Rise Climate. Early investors include H&M with founding member Karl-Johan Persson. The plan is to build twelve large-scale recycling plants around the world over eight years, that together can produce 3 million tons of recycled textile. “We will…
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TOP STORIES AROUND THE WORLD
đȘđș đ Which are Europe’s fastest-growing companies? Annually, the Financial Times ranks the continent’s thousand fastest-growers – this year, two Swedish startups made it into the top 10 list. đșđž đ€ Elon Musk sues Sam Altman and OpenAI, claiming OpenAI has violated its own founding principles by becoming too profit-driven, contrary to the original vision. đžđȘ đ§ Klarna’s AI-bot now does…
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eComID raises 27 MSEK
 (Stockholm, empowers global online retailers to collaboratively reduce product returns): Has raised 27 MSEK in a funding round from CapitalT, Anaheta Bernenberg-Consbruch, Madeleine Persson and H&M Group Ventures with founding member Karl-Johan Persson. “At CapitalT, we believe that fantastic people create fantastic companies, and the founding team of eComID impressed us from the first meeting with their shared passion, energy, and early positive results,” comments Janneke…
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Sleip raises 43 MSEK
(Stockholm, AI technology that supports health and athletic performance for horses): Has raised 43 MSEK in a funding round from Boehringer Ingelheim, Charlotte Söderström, member Fredric Gunnarson, and Philian Invest with Björn Magnusson and founding member Karl-Johan Persson. Sleip was valued at approximately 250 MSEK in the round.
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Boni raises 4 MSEK
(Stockholm, an interior design platform helping interior designers save time): Has raised 4 MSEK in a funding round from Mikael Sjögren, Marie-Louise Sjögren, Daniel Mauno Pettersson and member Erik Segerborg. “It feels fantastic to bring in investors with such a wide range of expertise in AI, purchasing, marketplace, and SaaS. They share our vision,” comments Carin Gunnstam.
