Location: Sweden
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Lylli raises 13 MSEK
(Stockholm, a platform for children’s e-books and audio-books): Has raised 13 MSEK in a funding round led by H&M Group Ventures with founding member Karl-Johan Persson. Swedia Capital and a number of angel investors also participated. “We see great synergies between Lylli and H&M’s children’s offering. We are extremely proud of our product and notice among our investors that they like the product,”…
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Albacross raises 11 MSEK
(Stockholm, helps marketers uncover unseen buying intent on their website, so they can generate more pipeline and convert deals faster): Has raised 11 MSEK in a funding round from a group of undisclosed investors. Early investors in Albacross include member Andreas Börjesson and founding member Magnus Emilson. Albacross received a pre-money valuation of 57.8 MSEK in the round.
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Sellpy raises 75 MSEK
(Stockholm, an online second-hand platform): Has raised 75 MSEK in a funding round led by majority owner H&M with founding member Karl-Johan Persson. Sellpy, which generated over 700 MSEK in revenue last year, will now make a push into international markets. The company has already launched local websites in Finland, Denmark, and France.
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Doctrin raises 33.5 MSEK
(Stockholm, a digital healthcare platform): Has raised 33.5 MSEK in a funding round from a group of undisclosed investors. Early investors include Inbox Capital with founding member Martin Wattin and member Markus Kitunen. The capital will be used to fund the company’s continued growth journey and further development of its platform.
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Bifrost Security raises 10 MSEK
(Malmö, provides a SaaS solution for personalised cybersecurity): Has raised 10 MSEK in a funding round from Göran Andersson, Fast Track Malmö, Quinary with members Johan Qviberg and Erik Andersson alongside member Jens Holzapfel. Bifrost has developed a solution that determines the way your software interacts and thereafter tailors a security profile that allows for the intended behavior and blocks everything else.
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Vesiro raises 5 MSEK
(Gothenburg, software that improves the efficiency of searching in databases): Has raised 5 MSEK in a funding round from Chalmers Ventures, Norrsken Accelerator, Länsförsäkringar Göteborg & Bohuslän, E14 Invest, and First Gate Invest with member Per Ström. “Vesiro is an excellent example of a tech startup that doesn’t just create a stable business case but also generates positive impact,” comments Pontus Ottosson, head of…
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Oxx secures 2 billion SEK
(Stockholm/London, an investment firm focusing on SaaS growth companies): Has secured 2 billion SEK for its second fund from investors including Saminvest, British Patient Capital, KfW Capital, and Argentum. Oxx, with member Ingrid Bonde Åkerlind as a Principal, is a specialist VC in European B2B SaaS companies at the scale-up stage.
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Lassie raises 260 MSEK
(Stockholm, a digital preventative pet insurance provider): Has raised 260 MSEK in a funding round led by Balderton Capital. Early investors Passion Capital, Inventor, and Inventure with members Rebecka Löthman Rydå and Gwen Sandberg, alongside founding member Karl-Johan Perssonparticipated in the round. “It has been a very fun journey with Lassie so far, a pinch-me-in-the-arm feeling. Of course, there are many challenges along the way,…
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Remente raises 2.2 MSEK
(Gothenburg, a platform for mental wellness and personal development): Has raised 2.2 MSEK in a funding round from a group of undisclosed investors. Remente, founded by member David Brudö, received a valuation of 73.3 MSEK in the round.
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Airforestry secures 31 MSEK
(Uppsala, develops high-capacity drones for forestry): Has secured 31 MSEK in a grant from Energimyndigheten. Early investors in AirForestry includes members Jane Walerud, Alfred Ruth, and Fredrik Jung Abbou. Annually, 300,000 hectares of forest, equal to about 600,000 football fields, are thinned using heavy machinery that damages the forest floor. AirForestry addresses this issue with their eco-friendlier drones, capable of lifting 200…
