STING Capital

Sting Capital AB, established in 2005 and based in Kista, Sweden, is a venture capital firm and accelerator focused on nurturing early-stage startups. It offers two primary programs: Sting Incubate and Sting Accelerate. Through these, Sting Capital provides initial grants of SEK 0.3 million ($0.03 million), with the possibility of up to SEK 0.5 million ($0.05 million) for Incubate, in exchange for equity stakes of 5% (Incubate) or 2% (Accelerate). The firm supports around 15-20 companies per year through Incubate (12-month duration) and 8 companies per batch (4-month duration) through Accelerate, with a focus on AI/deeptech, internet/media, health, sustainability, and games sectors. Sting Capital also offers coaching, a business angel network, a recruitment service, and an international network to foster the growth and global competitiveness of Swedish technology companies.

Charlena Radic

Founder, President and CEO

Past deals in Nordic Europe

Hopen Internships

Pre Seed Round in 2023
Hopen is an online platform that specializes in recruitment for internships. The company is based in Stockholm, Sweden.

Scriin

Non Equity Assistance in 2022
Scriin, founded in 2017 and headquartered in Vaxholm, Sweden, develops application software aimed at promoting physical activity and healthy digital habits among schools, companies, and families. The company's products provide effective tools to support systematic quality efforts in balancing screen time with physical activity, particularly for children and young people. By focusing on inspiring greater movement throughout the school day, Scriin seeks to foster healthier lifestyles in a digital age.

CelluXtreme

Non Equity Assistance in 2022
CelluXtreme is a Stockholm-based start-up founded in 2020 that specializes in the development of bio-based composite materials. The company focuses on producing high-performing, fossil-free, and recyclable materials derived from renewable raw materials. Utilizing an innovative microfluidic flow-focusing technique, CelluXtreme can create continuous gel-threads with precise control over their internal structure, sourced from nanocellulose dispersions. This enables clients to access advanced materials that are environmentally friendly, contributing to sustainable practices without compromising performance.

reCRQL

Non Equity Assistance in 2022
ReCRQL is a SaaS platform founded in 2021 and headquartered in Gothenburg, Sweden, that focuses on advancing the concept of circular retail. The company provides a fully integrated marketplace specifically designed for retailers to resell their own products. Its platform enables retailers to seamlessly manage the resale process by automatically supplying product information, photographs, shipping, payment processing, and customer service functionalities. This comprehensive solution empowers retailers to engage in sustainable practices while enhancing their business offerings.

Greenworks

Non Equity Assistance in 2022
Greenworks is a Stockholm-based company founded in 2009 that focuses on enhancing urban environments through innovative plant architecture and planning. Specializing in vertical gardens and living furniture, Greenworks integrates industrial design, botany, and irrigation technology to create autonomous plant systems for buildings. The company's solutions are aimed at improving the well-being of individuals by bringing nature into urban spaces, thereby enhancing air quality and fostering a healthier work environment. Through its expertise, Greenworks is dedicated to transforming urban areas into greener, more sustainable places for communities.

Vivium

Non Equity Assistance in 2022
Vivium is a digital staffing platform established in 2019 and based in Stockholm, Sweden. The platform serves healthcare providers, staffing companies, and employees by digitizing and automating the scheduling and resource management processes for hourly staff and substitutes in the healthcare sector. This enables healthcare organizations to streamline their operations and focus on their primary responsibilities without the complications associated with staff management. Through its innovative approach, Vivium addresses key staffing challenges faced by the healthcare industry.

Health Integrator

Seed Round in 2020
Health Integrator AB is a digital health platform based in Stockholm, Sweden, established in 2017. It provides a comprehensive marketplace for various health services, focusing on key areas such as diet, physical activity, sleep, stress management, and substance use including alcohol and tobacco. The platform facilitates access to a wide range of health activities and services, including health screenings and personal health coaching. By integrating these resources, Health Integrator aims to support users in achieving sustainable healthy lifestyles and reducing the risk of chronic diseases.

Paradiset

Venture Round in 2020
Paradiset AB is a company based in Stockholm, Sweden, that operates grocery stores focused on natural and organic products. It serves as an online food marketplace where customers can purchase meals from various restaurants, as well as directly from manufacturers. By sourcing products without intermediaries, Paradiset offers a platform for healthy and sustainable food at competitive prices, allowing users to access fresh products while enjoying significant discounts. The company's commitment to promoting sustainability and quality makes it a notable player in the Scandinavian grocery market.

Tilly

Non Equity Assistance in 2020
Tilly is a Stockholm-based startup focused on providing a mobile application that offers personalized guidance and support for women's fertility health. The application aims to consolidate information about various European fertility clinics, making it easier for users to access critical resources in one place. Tilly's platform not only delivers data on fertility risks but also fosters community-driven support for individuals facing infertility challenges. By empowering women with comprehensive information and resources, Tilly enables them to take proactive steps in managing their fertility health and navigating treatment options effectively.

Jaisy Health

Non Equity Assistance in 2020
Jaisy Health is a company based in Stockholm, Sweden, that specializes in developing jaundice detection equipment aimed at providing a low-cost and highly accurate solution for non-invasive jaundice assessment in infants. Founded in 2018, Jaisy Health utilizes advanced technology to create an optical mobile device that connects to smartphones. This device measures bilirubin levels and predicts the risk of jaundice, enabling timely and accessible detection regardless of location or time. By focusing on affordability and accuracy, Jaisy Health offers an innovative approach to managing jaundice in newborns.

Minnemera

Seed Round in 2019
Minnemera, established in 2017 and based in Stockholm, Sweden, specializes in developing digital cognitive screening tools. These tools automatically compare an individual's test results with normative data and their own baseline values to detect abnormalities, aiding in early detection of neurological conditions.

Ridesum

Pre Seed Round in 2019
Ridesum AB is a company based in Ekerö, Sweden, that specializes in developing software applications for horse riders and coaches. Founded in 2018, Ridesum offers a digital training platform that connects riders, trainers, and experts in the equestrian field. The software allows users to search for coaches, book workouts, and receive feedback through live video streaming, thereby facilitating a collaborative training environment. By streamlining coaching operations and reducing travel needs, Ridesum aims to enhance performance while promoting environmental sustainability. The company’s solutions are designed to save time and money for both riders and coaches, contributing to improved training outcomes.

Mendi

Venture Round in 2019
Mendi is a company based in Stockholm, Sweden, that specializes in developing an at-home neurofeedback brain training headband and accompanying mobile application. Founded in 2018, Mendi's innovative hardware device aims to enhance mental well-being by improving focus, emotional regulation, and mental resilience. The headband can be used in conjunction with the app to facilitate mental training, allowing users to engage in brain-strengthening exercises with no usage limits. Through this technology, Mendi seeks to empower individuals to enhance their overall mental health and performance.

Cardia

Convertible Note in 2019
Cardia AB is a registered car dealer in Sweden, operating under the supervision of the Swedish Transport Agency. The company specializes in the trading of passenger cars and light motor vehicles and has developed a platform that facilitates the sale of used cars between private individuals. This application not only streamlines the buying and selling process but also includes features such as quality testing and auction services, allowing users to access detailed test protocols that assess the condition of vehicles. Additionally, Cardia offers comprehensive services, including car guarantees, insurance, and financing options at competitive interest rates, thereby enabling clients to concentrate on the sales process.

The Fit

Non Equity Assistance in 2019
The Fit is a company based in Kalix, Sweden, specializing in mobile 3D body scanning technology. This innovative technology enables users to create digital body IDs by using their smartphones, which can be utilized to find the correct clothing size, order customized products, and virtually try on apparel. By generating detailed 3D avatars of users' bodies through smartphone scans and artificial intelligence, The Fit provides personalized sizing recommendations. This not only enhances the shopping experience for consumers but also assists clothing retailers in reducing merchandise returns and collecting valuable body measurement data relevant to their customers.

Health Integrator

Non Equity Assistance in 2019
Health Integrator AB is a digital health platform based in Stockholm, Sweden, established in 2017. It provides a comprehensive marketplace for various health services, focusing on key areas such as diet, physical activity, sleep, stress management, and substance use including alcohol and tobacco. The platform facilitates access to a wide range of health activities and services, including health screenings and personal health coaching. By integrating these resources, Health Integrator aims to support users in achieving sustainable healthy lifestyles and reducing the risk of chronic diseases.

Defentry

Convertible Note in 2018
Defentry AB, founded in 2015 and based in Stockholm, Sweden, specializes in identity safety and real-time threat intelligence technology aimed at safeguarding individuals and businesses from data breaches and leaks. The company’s platform efficiently identifies, monitors, and alerts users regarding potential threats to their personal information by scanning a variety of sources, including governmental, open-web, deep-web, and dark-web environments. This comprehensive monitoring helps users stay informed of any changes or leaks involving their data, thereby enhancing protection against cybercrime and online fraud. Through its innovative technology, Defentry provides critical insights and coaching to mitigate the risks associated with data exposure.

Valiant Game Studio

Angel Round in 2018
Valiant Game Studio is an independent game development company located in Stockholm, Sweden, specializing in fantasy role-playing games. The studio aims to create engaging games that emphasize the social aspects of classic role-playing experiences. Valiant Game Studio is committed to developing meaningful, thought-provoking narratives that resonate with players, believing that games can serve as more than mere entertainment. Their projects are designed to provide enriching experiences that foster an understanding of the physical world while allowing exploration in a digital landscape. The company develops games for various platforms, including Windows, iOS, Mac, Android, and Xbox, ensuring accessibility for a broad audience of gamers.

Suavoo

Convertible Note in 2018
Suavoo is an on-demand beauty service application based in Sweden, founded in 2016 by Christian Zanders and Linda Absberg. The company connects users with professional hairstylists and makeup artists, allowing them to book personalized beauty services at their preferred locations. Through its platform, customers can browse a lookbook featuring various hair and makeup styles tailored for different occasions, ensuring a customized experience. Suavoo aims to address the changing needs of consumers in the beauty industry by providing a streamlined and convenient booking process, while carefully selecting freelance stylists to ensure high-quality results.

Cryptolens

Convertible Note in 2018
Cryptolens AB is a Swedish company founded in 2017, specializing in cloud-based solutions for software licensing and protection. Based in Stockholm, the company provides a comprehensive platform that streamlines licensing, payments, distribution, and analytics for software developers. Its services leverage artificial intelligence to enhance revenue optimization and identify previously untapped customer segments. Cryptolens offers various tools, including a .NET API, a C++ API, and open-source projects, making it easier for developers to implement effective software protection and management strategies.

Cribble Craft

Non Equity Assistance in 2018
Cribble Craft AB is a Swedish company that designs and develops innovative children’s toys focused on fostering creativity and spatial skills through construction. Founded in 2018 and headquartered in Stockholm, Cribble Craft offers a variety of building kits that allow users to create unique mini house designs. These kits include options for different rooms such as bedrooms, kitchens, and living rooms, encouraging children to plan and build their own spaces. The company aims to provide an inclusive play experience that transcends traditional gender roles, enabling all children to engage with technology and spatial design without bias. Cribble Craft's products are available through retail stores and its own e-commerce platform, promoting hands-on learning and imaginative play.

Relox Robotics

Venture Round in 2018
Relox Robotics AB, founded in 2018 and based in Stockholm, Sweden, specializes in the manufacture of autonomous robots designed to automate dangerous, repetitive, and labor-intensive tasks. One of its notable products is the Range Picker, an automated golf ball picker that efficiently collects golf balls on golf ranges. This self-navigating robot not only enhances safety by removing the need for manual collection, but also allows operators to focus on more valuable activities. By utilizing electric power and offering compatibility with green energy sources, Relox Robotics aims to replace environmentally harmful systems, contributing to a more sustainable economy while addressing the challenges faced by golf clubs and similar industries.

Sniph

Seed Round in 2017
Sniph AB, established in 2015 and headquartered in Stockholm, Sweden, specializes in an on-demand online subscription service for perfumes. The company curates a monthly selection of hand-picked, authentic fragrances, allowing customers to discover and purchase scents tailored to their personal preferences. Sniph operates on the principle that smells significantly impact our emotions and memories, aiming to enhance customers' lives through their scent choices.

Airmee

Convertible Note in 2017
Airmee is a Swedish technology-driven logistics company established in 2018. It specializes in last-mile delivery solutions for e-commerce businesses, offering same-day and express delivery services. The company's platform employs real-time route scheduling and leverages machine learning algorithms to optimize deliveries, aiming to enhance convenience, speed, and environmental sustainability. Airmee is recognized as one of Europe's fastest-growing logistics startups.

Hatrabbit Entertainment

Venture Round in 2017
Hatrabbit AB is a mobile game development studio based in Stockholm, Sweden, founded in 2016. As a subsidiary of King Digital Entertainment, the company has a strong background in game development, with a team that has contributed to major franchises such as Battlefield and Angry Birds over the past 17 years. Hatrabbit focuses on creating immersive and social gaming experiences across various platforms, utilizing cutting-edge visuals and virtual reality technologies to enhance user engagement. The studio aims to deliver short, entertaining games that captivate players with realistic effects and enjoyable gameplay.

Zenia.ai

Seed Round in 2017
Zenia Technologies AB, founded in 2017 and based in Stockholm, Sweden, specializes in AI-driven content marketing automation software tailored for e-commerce store owners. The platform enables users to efficiently market their products across various social media channels by allowing them to upload their online store products or curate industry-related news. This functionality not only aids in building brand awareness but also attracts potential customers, enhancing the overall customer base. Furthermore, Zenia's solution facilitates the scheduling and sharing of business content, helping clients drive traffic to their websites and ultimately increase sales in their online stores.

AppJobs.com

Convertible Note in 2017
AppJobs Sweden AB operates an online platform that connects job seekers with various employment opportunities from companies like Uber, Foodora, Dog Vacay, TaskRabbit, and Postmates. Based in Stockholm, Sweden, the platform facilitates quick and easy access to job offers, allowing users to explore positions that match their skills and preferences without the hassle of traditional applications and CV submissions. AppJobs provides detailed reviews and descriptions of available instant-work apps, as well as information on job requirements and the steps needed to get started. This approach enables individuals to find suitable job opportunities in their local area, empowering them to earn income on their own terms.

Elly Pistol

Convertible Note in 2017
Elly Pistol is a Swedish online fashion brand launched in 2015, specializing in women's clothing and accessories. The company has gained recognition for its edgy yet timeless bomber jackets, which have attracted a significant following on social media. With a commitment to delivering stylish tops, bottoms, hoodies, jackets, bags, and other apparel, Elly Pistol caters to women seeking unique fashion options, shipping to customers in over 30 countries worldwide. The brand emphasizes a conscious approach, aiming to challenge societal norms and promote empowerment through its designs, while maintaining a clear focus on innovative and appealing styles.

Newsvoice

Non Equity Assistance in 2017
Newsvoice is a Stockholm-based company founded in 2017 that develops a mobile application designed to provide a diverse range of news articles from various sources. The app aggregates and categorizes content from hundreds of news sites, allowing users to customize their news feed according to their preferences. By leveraging a community-driven approach, Newsvoice empowers readers to influence which stories are highlighted, ensuring that multiple perspectives are represented. The platform enables users to compare how different media outlets report on the same events, considering factors such as political bias and geographical location. This functionality aims to help users navigate media bias and misinformation, fostering a well-informed readership.

DPOrganizer

Convertible Note in 2016
DPOrganizer is a privacy management software company founded in 2015 and based in Stockholm, Sweden. It provides tools that enable organizations to map, visualize, report, and manage the processing of personal data, which is essential for compliance with data protection regulations such as GDPR. The software aims to give businesses better control over their handling of customer and employee personal information, thereby improving compliance and reducing risks. By streamlining the privacy program lifecycle, DPOrganizer enhances collaboration and communication within organizations, promoting efficient use of resources as they navigate privacy challenges.

Defentry

Seed Round in 2016
Defentry AB, founded in 2015 and based in Stockholm, Sweden, specializes in identity safety and real-time threat intelligence technology aimed at safeguarding individuals and businesses from data breaches and leaks. The company’s platform efficiently identifies, monitors, and alerts users regarding potential threats to their personal information by scanning a variety of sources, including governmental, open-web, deep-web, and dark-web environments. This comprehensive monitoring helps users stay informed of any changes or leaks involving their data, thereby enhancing protection against cybercrime and online fraud. Through its innovative technology, Defentry provides critical insights and coaching to mitigate the risks associated with data exposure.

Musqot

Convertible Note in 2016
Musqot, headquartered in Stockholm, Sweden, is a pioneering enterprise application company specializing in marketing technology. With a fully-owned development center in Bangalore, India, the company is led by experienced professionals from the Marketing Resource Management (MRM) industry. Musqot's platform enables businesses to plan, budget, analyze, and optimize marketing activities across all channels, providing a comprehensive, user-friendly solution for managing and enhancing marketing performance.

MediCheck

Pre Seed Round in 2016
MediCheck AB is a teleconsultation platform headquartered in Stockholm, Sweden, that specializes in connecting individuals with chronic health conditions to medical specialists for online consultations. Founded in 2016, the platform allows users to search for physicians based on specific medical needs, as well as factors like experience, language, and gender. MediCheck facilitates appointments through video calls and messaging, making it easier for patients and their families to receive expert medical advice tailored to their preferences. Users pay for the services directly to the medical experts, while MediCheck earns a commission for its role in facilitating these consultations.

Sniph

Convertible Note in 2016
Sniph AB, established in 2015 and headquartered in Stockholm, Sweden, specializes in an on-demand online subscription service for perfumes. The company curates a monthly selection of hand-picked, authentic fragrances, allowing customers to discover and purchase scents tailored to their personal preferences. Sniph operates on the principle that smells significantly impact our emotions and memories, aiming to enhance customers' lives through their scent choices.

Antourage

Non Equity Assistance in 2016
Antourage AB is a media technology platform based in Stockholm, Sweden, founded in 2015. The company specializes in developing web applications that facilitate the management of micro-content strategies and distribution channels, primarily for sports brands. Antourage enables content creators to produce interactive experiences that engage multi-platform audiences. Its offerings include a mobile broadcasting application and a production dashboard that integrates influencers into mainstream media. This approach allows businesses to leverage live video streaming services and custom-built videos to enhance their branding and promote engagement with fans and viewers through social media campaigns.

SurfCleaner

Non Equity Assistance in 2016
SurfCleaner AB is a Swedish company specializing in advanced solutions for industrial and municipal wastewater management and oil spill recovery. The company has developed a skimmer separator hybrid device designed to efficiently collect and separate a variety of pollutants from water surfaces, including oil, diesel, sludge, microplastics, and debris. Unlike conventional skimmers, SurfCleaner's technology operates without the need for pumps, power packs, hydraulics, or permanent supervision, making it a cost-effective and energy-efficient solution. Its products are utilized in various environments, such as oil refineries, ports, and municipal waters, significantly reducing CO2 and VOC emissions through continuous operation. SurfCleaner has been recognized for its innovative approach, having won the Nordic Cleantech Open in 2019.

Sudio

Seed Round in 2015
Sudio is a Swedish design company specializing in the development and production of elegant audio devices, including wireless earbuds, headphones, and speakers. The company focuses on creating minimalistic products that combine aesthetic appeal with high-quality sound, catering to consumers seeking both style and functionality in their portable electronic devices. Sudio's commitment to design and sound quality positions it as a notable player in the audio electronics market.

Brainville

Convertible Note in 2015
Brainville AB is a digital marketplace based in Stockholm, Sweden, that connects contractors, consultancies, and freelancers with clients across the Nordics. Founded in 2013 and formerly known as RSRC, the company provides a platform that facilitates the discovery of work opportunities for freelancers and consultants while also aiding consulting firms and clients in establishing new partnerships. By streamlining the process of matching service providers with buyers, Brainville enables efficient collaboration and relationship management within the freelance and consulting sectors.

Airinum

Convertible Note in 2015
Airinum is a Swedish company focused on addressing global air pollution challenges through the development of high-quality breathing masks and related accessories. The company offers urban breathing masks designed for health-conscious individuals, featuring advanced filtration systems that utilize multiple layers to effectively filter various types and sizes of airborne particles. Additionally, Airinum's masks are equipped with a dual valve ventilation system to maintain a comfortable environment and ensure a personalized fit, minimizing leakage for diverse face shapes. By providing these innovative products, Airinum aims to empower people to lead healthier lives, regardless of their surroundings, and to combat the risks associated with air pollution, including respiratory issues like asthma.

Barnebys

Venture Round in 2015
Barnebys is a leading global search service based in Stockholm, Sweden, founded in 2011. The company specializes in art, antiques, and collectibles, offering a comprehensive online platform that aggregates information from auction houses and dealers worldwide. With a presence in key markets, including New York, the UK, France, Spain, and Germany, Barnebys serves a diverse clientele, ranging from prestigious auctioneers and antique dealers to regional businesses. The platform facilitates online transactions and provides users with tools to navigate the auction industry effectively. Additionally, Barnebys maintains an extensive free database of auction results and offers a premium valuation service, further enhancing its value proposition for buyers and sellers in the art and collectibles market.

Billecta

Convertible Note in 2015
Billecta AB is a Stockholm-based company established in 2014 that specializes in developing and marketing an automated invoicing platform for businesses of all sizes. The platform streamlines the entire invoice flow, from invoice creation to payment reconciliation and accounting, thus enhancing financial management efficiency. By integrating with various modern systems such as business management, CRM, and accounting software through its WebAPI, Billecta enables seamless operation and reduces administrative burdens. The service allows users to receive payments directly into their accounts, significantly expediting the payment process and eliminating the need for trust accounts. With automatic notifications upon payment receipt, Billecta simplifies tracking customer payments, allowing businesses to focus on their core operations. As of September 2018, Billecta operates as a subsidiary of Savelend Sweden AB.

Inkonova

Non Equity Assistance in 2015
Inkonova AB, established in Stockholm, Sweden in 2015, specializes in developing drone solutions tailored for challenging environments such as underground mines and tunnels. The company's primary offerings include ruggedized drone platforms designed to withstand harsh subterranean conditions, autonomous navigation systems like Bat-onomous for operation in unknown zones without infrastructure, and advanced 3D laser mapping technologies for surveying hard-to-reach areas.

Karma

Non Equity Assistance in 2015
Karma develops an application that helps restaurants, grocers and cafés reduce their food waste by selling their surplus to consumers at reduced prices. Its application serves as a sales channel via which merchants offer take away food items to registered users. Elsa Bernadotte, Mattis Larsson, Hjalmar Nordegren, Ludvig Berling, and Steven van Wel founded Karma on September 1, 2015. Its headquarters is in Stockholm in Sweden.

ShopJoy

Non Equity Assistance in 2015
ShopJoy helps create a better shopping experience through mobile marketing solutions. It provides its users with the possibility to communicate with customers through their smartphones. Backed with iBeacon, ShopJoy makes it possible to pinpoint the exact position of a customer without the interference of physical distractions. ShopJoy was founded in 2013 and is based in Stockholm, Sweden.

Qasa AB

Non Equity Assistance in 2014
Qasa AB is a digital platform based in Stockholm, Sweden, that specializes in online housing lets and sublets. Founded in 2014, the company aims to simplify the rental experience for homeowners and landlords by offering a smooth and secure process. Its platform features a matching algorithm designed to help clients navigate the complexities of the housing market effortlessly. Qasa manages all aspects of the rental process, including contracts and payments, ensuring a seamless experience from start to finish. As of February 2019, Qasa AB operates as a subsidiary of Blocket AB.

Reve

Seed Round in 2014
Reve, founded in 2014 by Andreas Wålm and Josep M. Nolla, was the largest lifestyle marketplace in the Nordics, providing a unified shopping experience for millions of products from top fashion brands. Based in Stockholm, Reve initially operated as a direct-to-consumer platform, allowing brands to sell directly to consumers without the need for technical integration. This approach simplified the shopping process, enhancing convenience for consumers and transforming the traditional commerce value chain. In January 2018, Reve shifted its business model to a B2B focus by launching "Reach," a distributed commerce platform that enabled brands and retailers to sell their products beyond their own websites without technical barriers. Using purchase automation technology, Reach facilitated direct sales through various channels, including marketplaces, social media, and chat-bots. In January 2020, Reve was acquired by Tipser, a notable startup in the European distributed commerce sector.

VisueCare

Non Equity Assistance in 2014
VisueCare AB, founded in 2014 and based in Kista, Sweden, develops cloud-based solutions aimed at enhancing the quality and efficiency of elderly care facilities. Operating as a subsidiary of Tieto Oyj since November 2017, the company focuses on visualizing planning and facilitating quality assurance in healthcare. Its cloud services are designed to ensure high standards of care and security for residents and their families, promoting person-centered care through improved communication and support. By providing tools that streamline daily tasks in care settings, VisueCare contributes to better accommodations and overall quality of care for patients.

Gro Play

Non Equity Assistance in 2014
Gro Play is a company focused on creating educational entertainment games that inspire children and their families to learn about health, wellbeing, and sustainable living. By combining fun and engaging gameplay, Gro Play aims to make learning an enjoyable experience, believing that play is an effective method for education. The company develops both mobile and board games, targeting the dual objectives of entertainment and education. Although still in its early stages, Gro Play has gained recognition from various organizations and has participated in notable programs, such as the STING Fast Forward Accelerator in Stockholm. The company's founder, Patricia Richter, is also a Change Leader within Reach for Change, an independent non-profit foundation dedicated to improving the lives of children and youth. Gro Play's commitment to promoting sustainability and healthy lifestyles was acknowledged when it received the Swedish Living Green award in 2012.

Gleechi

Non Equity Assistance in 2014
Gleechi AB, established in 2014 and headquartered in Stockholm, Sweden, specializes in developing software solutions that facilitate natural interaction between humans, computers, and robots. Their core technology revolves around advanced computer vision and machine learning algorithms, enabling real-time, free, and natural hand interactions in games, virtual reality, and robotics. Gleechi's innovative software allows for the creation of realistic hand movements and interactions, making it possible for users to learn by doing in virtual environments. The company has been recognized for its achievements, including being named Super Startup of the Year by Veckans Affärer and ALMI Invest, winning the EIT Digital Idea Challenge, and being awarded Startup of the Year by STING.

Spontano

Non Equity Assistance in 2014
Spontano is an online platform to find and book tickets for events in Stockholm, Sweden. It was launched in 2013.

Bumbee Labs

Non Equity Assistance in 2014
Bumbee Labs is a developer of a customer and visitor analytics platform that specializes in providing insights into footfall and crowd data by capturing anonymous Wi-Fi signals from smart mobile phones. The company’s unique approach allows for data collection and cleaning to be conducted anonymously, ensuring compliance with GDPR regulations, and it holds a notable approval from Swedish Data Inspection Authorities, making it the only company in Europe with such recognition. Bumbee Labs utilizes advanced statistical methods, incorporating AI and machine learning, to deliver accurate key performance indicators (KPIs) such as visitor numbers, dwell time, and movement patterns, which can be analyzed at a zone level. The insights generated can be accessed through Bumbee Labs' proprietary dashboard or integrated into the customer's preferred business intelligence systems. Their data model is flexible, applicable to both existing Wi-Fi networks and those set up specifically for gathering crowd insights.

Dreams

Non Equity Assistance in 2014
Dreams is a Neo-bank based in Stockholms Lan, Sweden, founded in 2013. The company operates a mobile application designed to simplify saving, spending, and lending money, making these financial activities more engaging and social for users. The app serves as a personal trainer for users' finances, providing motivation and support to help them achieve their savings goals. By breaking down larger financial objectives into manageable steps, Dreams empowers individuals to save for various aspirations, ultimately making their dreams more attainable.

Collabodoc

Non Equity Assistance in 2014
CollaboDoc is a healthcare company focused on enhancing primary care accessibility and efficiency through its proprietary process tool. The company has developed innovative software that facilitates both physical and digital care visits, allowing healthcare professionals to maximize patient face-to-face time while minimizing administrative tasks. CollaboDoc's "Light Acute concept" has been particularly impactful, effectively doubling the time physicians spend with patients and significantly reducing waiting times. Research conducted by esteemed institutions such as Karolinska Institutet and Stockholm School of Economics has demonstrated the effectiveness of CollaboDoc's solutions, leading to increased efficiency, high patient satisfaction, and improved working conditions for healthcare staff.

Mondido

Non Equity Assistance in 2014
Mondido, established in 2014 and headquartered in Stockholm, Sweden, specializes in online and mobile payment solutions for e-commerce businesses. It facilitates the acceptance of payments on websites and mobile applications, aiming to boost conversion rates for online merchants. Mondido's platform offers features to analyze and enhance sales, enabling merchants to process online transactions efficiently and tailored to local market needs.

Cgrain

Non Equity Assistance in 2013
Cgrain AB is a Swedish company that specializes in developing and manufacturing analytical instruments for the visual quality control of cereals through advanced image analysis. Founded in 2013 as a result of a research collaboration between Lantmännen and CEO Jaan Luup, Cgrain’s technology is designed to enhance the efficiency and accuracy of seed testing. The company's products analyze each seed in a sample, identifying the seed type and various types of damage, thereby reducing human error and providing reliable analytical results. This innovation supports laboratory personnel by streamlining their workflow. Cgrain operates independently, with its product development and manufacturing based in Uppsala, Sweden. The company is primarily owned by Jaan Luup, who also has a background in developing similar technologies, and is partially owned by Lantmännen, a well-established agricultural cooperative.

RelationDesk

Non Equity Assistance in 2013
RelationDesk is a social media tool designed to enhance customer service, marketing, and sales by tracking social media conversations and managing customer relationships. Launched by Fritjof Andersson, Bjorn Sundqvist, Christer Wikner, and Daniel Wahlberg, the platform enables users to import conversations from Facebook and Twitter, allowing them to respond to customer inquiries directly through RelationDesk. Additionally, it provides valuable analytics to help users measure engagement and performance. Based in Stockholm, Sweden, RelationDesk offers an innovative solution for businesses seeking to streamline their social media interactions and improve customer engagement.

Exmet

Non Equity Assistance in 2013
Exmet AB, founded in 2009 and based in Kista, Sweden, specializes in additive manufacturing technology for producing components made from amorphous and nanocrystalline metal alloys. The company's innovative approach enables the creation of metal parts of any size, shape, or thickness while significantly reducing weight—up to 90% for mechanical components. Exmet's technology also enhances performance by minimizing energy losses in magnetic components, making it suitable for a variety of industries, including aerospace, automotive, energy, defense, and medical devices. The company's products are characterized by their resistance to corrosion and impressive strength, positioning Exmet as a key player in the advancement of manufacturing techniques for high-performance metal components.

Expektra

Non Equity Assistance in 2013
Expektra is a company focused on enhancing the efficiency of electric power systems, particularly in the context of renewable energy integration. Founded in 2010, it specializes in providing real-time intelligence solutions that improve the matching of electricity supply and demand. This is crucial for addressing the intermittency challenges associated with solar and wind power, as it enables better predictions of power demand and supply. Expektra develops innovative methods to leverage flexible electricity demand as a form of balancing power, which helps maintain a continuous equilibrium between generation and consumption. The company also offers a cloud service, Expektra Link, which integrates real-time market data into various analytical tools, supporting businesses in making informed decisions. Furthermore, Expektra serves as a distributor of data from key energy markets, contributing to the advancement of sustainable technology development. Its office is located on the premises of the Royal Institute of Technology in Sweden.

BuildX

Non Equity Assistance in 2012
BuildX is a Swedish company aiming to streamline Europe's construction industry by opening up the previously closed Swedish market to international contractors. It achieves this by identifying and mitigating trade barriers through its platform, which facilitates construction tenders for both private and public sectors, enabling national and international companies to participate equally. BuildX also offers real estate procurement services, providing designs for all project phases, IT support, and market information on materials and wages to simplify the construction process for contractors.

Unomaly

Non Equity Assistance in 2012
Unomaly AB, established in 2012, specializes in software solutions for automated analysis, profiling, and anomaly detection in data produced by critical systems and digital environments. Its key offerings include Investigate, Detect, and Comply, serving diverse customers across Sweden and internationally. Unomaly's solutions enable organizations to automate incident analysis, detect unknown issues, and ensure regulatory compliance. The company, headquartered in Stockholm with an additional office in London, operates as a subsidiary of LogicMonitor, Inc. since 2020.

Degoo

Non Equity Assistance in 2012
Degoo is a cloud storage platform that provides users with 100GB of free, secure online storage. Founded in Sweden, the company focuses on enhancing user experience by integrating AI features that allow individuals to rediscover their memories through an interactive display. Degoo's technology ensures data security by encrypting files with a user-specific passphrase, which is then divided into chunks and stored across various data centers globally. This approach not only facilitates safe storage but also enables users to easily upload and access their photos, files, and documents without the risk of loss. Additionally, the company offers a mobile app, Instabridge, which allows users to connect to free Wi-Fi, further enhancing accessibility to their stored data.

SEEC AB

Venture Round in 2011
SEEC AB is a Swedish company established in October 2006, focused on the development, marketing, and sale or lease of energy storage systems equipped with energy modules specifically designed for large buildings. The company caters to both the domestic Swedish market and international markets, aiming to enhance energy management and efficiency in commercial settings. Through its innovative energy solutions, SEEC AB addresses the growing demand for sustainable energy systems in the building sector.

Scint-X

Venture Round in 2011
Scint-X AB is a Swedish company specializing in the development and manufacturing of customized scintillator products for X-ray imaging applications. Founded in 2006 and based in Stockholm, Scint-X's innovative Scintillator Matrix technology enhances the performance of digital X-ray detectors, offering images with four times the resolution and double the contrast compared to traditional systems. The company's products are utilized across various sectors, including healthcare, industrial and scientific applications, non-destructive testing, and intra-oral sensors. By providing advanced scintillator devices, Scint-X enables its customers, who include suppliers and manufacturers of digital X-ray systems, to achieve unprecedented imaging quality in their respective fields.

Telcred

Seed Round in 2011
Telcred AB is a Swedish company specializing in software solutions for physical access control, established in 2009 in Stockholm. The company focuses on innovative, cloud-based technologies that facilitate offline and wireless access control systems utilizing near-field communication (NFC) devices. Telcred's unique system allows users to gain access using NFC-enabled smartphones or smart cards, eliminating the necessity for traditional keys and minimizing the need for updates to lock controllers when user access rights change. Their offerings include backend systems for account management and access rights assignment, as well as integrated NFC readers and lock controllers that verify access credentials. Targeting infrastructure companies such as telecom operators, power companies, and public transportation systems, Telcred provides a flexible and secure solution that seamlessly integrates with existing physical access control systems.

Mantex

Venture Round in 2011
Mantex AB, established in 1987 and headquartered in Kista, Sweden, specializes in the manufacturing and sale of industrial X-ray scanners designed for various applications, including bioenergy and pulp and paper production. The company develops advanced biofuel analyzers that evaluate the quality of wood-based biofuels and flow scanners that facilitate the scanning of wood chips used in pulp and paper processes. Mantex's products provide real-time analysis of organic materials, enabling industries to address challenges such as variations in the properties of raw materials, particularly differences in water content. By enhancing the efficiency and accuracy of material assessment, Mantex plays a crucial role in improving industrial processes that involve harvested trees, plants, and crops, both in Sweden and internationally.

iCellate

Non Equity Assistance in 2011
iCellate Medical AB is a Swedish company founded in 2011 and headquartered in Stockholm. It specializes in the development of innovative products for the identification and analysis of circulating tumor cells (CTCs) from blood samples, aimed at improving cancer detection. The company's technology is rooted in research conducted at the Karolinska Institute, in collaboration with the Karolinska University Hospital and the Royal Institute of Technology. iCellate offers CTC isolation and genetic sequencing services, contributing to advancements in cancer research. The company has been recognized for its potential in the field, having been inducted into the Stockholm Innovation and Growth incubator and receiving various grants from governmental and organizational bodies supporting innovation.

Barnebys

Non Equity Assistance in 2011
Barnebys is a leading global search service based in Stockholm, Sweden, founded in 2011. The company specializes in art, antiques, and collectibles, offering a comprehensive online platform that aggregates information from auction houses and dealers worldwide. With a presence in key markets, including New York, the UK, France, Spain, and Germany, Barnebys serves a diverse clientele, ranging from prestigious auctioneers and antique dealers to regional businesses. The platform facilitates online transactions and provides users with tools to navigate the auction industry effectively. Additionally, Barnebys maintains an extensive free database of auction results and offers a premium valuation service, further enhancing its value proposition for buyers and sellers in the art and collectibles market.

Movinto Fun

Seed Round in 2010
Movinto Fun AB is a Swedish research-based company within interactive entertainment, founded in March 2007. They provide the the global market with innovative products that make it fun to move. Movinto Fun is commercializing the theoretical, methodological as well as patented technical platform for movement-based interaction that came out of Dr. Jin Moen's research at Interactive Institute and Royal Institute of Technology during 2002-2006.

Orexplore

Non Equity Assistance in 2010
Orexplore AB is a Swedish company, established in 2010 and headquartered in Kista, that specializes in developing and manufacturing advanced composition analysis products for non-organic materials. The company offers an innovative X-ray fluorescence (XRF) mineral analysis device, originally derived from clinical XRF research, that is designed to detect trace elements in various solid samples, including minerals and soil. Additionally, Orexplore provides a portable scanner that enhances the analysis capabilities for exploration and mining sectors. The company employs advanced algorithms and radiological techniques, including tomography and X-rays, to deliver insights into material composition, supporting sustainability and efficiency in mining operations. Orexplore operates as a subsidiary of Swick Mining Services Limited.

Encare

Non Equity Assistance in 2009
Encare AB, established in 2009 and headquartered in Stockholm, Sweden, specializes in web-based software solutions designed to enhance post-surgical care. The company's primary product is an interactive platform supporting surgical clinics worldwide in implementing and maintaining Enhanced Recovery After Surgery (ERAS) protocols. This platform facilitates data collection, documentation, and follow-up on critical performance parameters, providing real-time feedback to improve efficiency and quality of care while generating substantial healthcare savings. Encare has rights to commercialize ERAS Society's surgical protocols and has rolled out its audit system to over 120 hospitals across 13 countries.

ByteActive

Seed Round in 2008
ByteActive AB specializes in developing and delivering backup and recovery solutions. Founded in 2006 and headquartered in Kista, Sweden, the company offers innovative products such as BaQup, which allows users to store digital photos, documents, and music while automating backups through Internet, LAN, and local storage devices. Its offerings include BaQup Professional, designed to safeguard critical information for businesses, and BaQup Hosting Solutions, which provide secure data storage and protection for companies, consumers, and distributors. ByteActive positions itself as a partner to service providers and organizations, aiming to enhance remote data protection through a combination of source-level de-duplication, bit-level compression, and comprehensive encryption. This approach not only ensures data security but also significantly reduces storage and bandwidth costs for its clients.

Predect

Venture Round in 2008
Predect is a cleantech company of Sweden. Their activity is focused on drinking water and industrial recycled water quality. It is a relatively young company established in 2006. The management and key personal of the company have more than 15 years experience as consultants in water management (drinking water and process water treatment).

Hyper Urban Level User Sweden

Venture Round in 2008
Hyper Urban Level User Sweden AB manufactures and supplies worldwide interoperability for microwave access (WiMAX) mass-market subscriber units for desktop PCs, workstation and notebook PCs, digital televisions, and VoIP phones. It offers HULU Solution, a non line-of-sight plug-and-play broadband wireless Internet access system. The company also provides CPE, a unit to connect to the Internet over WiMAX; and base stations and antennas. In addition, it offers consulting and training services. Hyper Urban Level User Sweden AB was founded in 2004 and is based in Stockholm, Sweden. The company has design, manufacturing, and logistics facilities in the Americas, Asia, Africa, Europe, and the Middle East. As of November 28, 2008, Hyper Urban Level User Sweden AB operates as a subsidiary of Gipz AS.

Bioservo Technologies

Seed Round in 2007
Bioservo Technologies is a Stockholm-based company established in 2006 through a collaboration between researchers at the Karolinska Institute and the Royal Institute of Technology. The company specializes in developing wearable muscle strengthening systems utilizing its patented SEM technology. Its primary product, the SEM Glove, is designed to aid individuals with impaired hand function and those in grip-intensive occupations by enhancing grip strength. Bioservo is focused on bringing its innovative solutions to both the Swedish market and eventually to a global audience. The company is led by CEO Johan Ingvast and a dedicated team committed to advancing bionic soft robotics technology.

Yubico

Non Equity Assistance in 2007
Yubico AB is a company specializing in authentication solutions aimed at enhancing digital security for enterprises and online services. Founded in 2007 and headquartered in Stockholm, Sweden, with an additional location in Sunnyvale, California, Yubico is renowned for its YubiKey, a hardware authentication token that provides strong two-factor authentication through a simple USB interface. The YubiKey is compatible with numerous platforms and services, offering various authentication methods such as one-time passcodes and passwordless login, which help prevent unauthorized access and identity theft. Yubico also offers YubiEnterprise Delivery, a cloud-based service for efficient YubiKey distribution, and YubiKey Firmware for secure pre-boot settings. The company's clientele includes individual developers, universities, and government entities, reflecting its broad impact across diverse industries including healthcare, finance, and technology. Yubico continues to innovate, expanding its product offerings to address the evolving challenges of digital security.

Mantex

Non Equity Assistance in 2007
Mantex AB, established in 1987 and headquartered in Kista, Sweden, specializes in the manufacturing and sale of industrial X-ray scanners designed for various applications, including bioenergy and pulp and paper production. The company develops advanced biofuel analyzers that evaluate the quality of wood-based biofuels and flow scanners that facilitate the scanning of wood chips used in pulp and paper processes. Mantex's products provide real-time analysis of organic materials, enabling industries to address challenges such as variations in the properties of raw materials, particularly differences in water content. By enhancing the efficiency and accuracy of material assessment, Mantex plays a crucial role in improving industrial processes that involve harvested trees, plants, and crops, both in Sweden and internationally.

Cortus Energy

Non Equity Assistance in 2007
Cortus Energy is a Swedish cleantech startup that specializes in providing renewable energy through biomass gasification for high-heat process industries. The company has developed a proprietary method called WoodRoll, which converts biofuels into synthetic gas with a high heat value. This carbon dioxide neutral process supplies renewable energy to both the process and transport industries, replacing fossil fuels and thereby reducing energy costs and environmental impact. Cortus Energy's innovative approach aims to meet the growing demand for sustainable energy solutions while enhancing operational efficiency in various sectors.

CyberGene

Non Equity Assistance in 2007
CyberGene AB is a Swedish company founded in 1995, specializing in the development and manufacturing of diagnostic kits for the detection of chromosomal disorders. The company's flagship product, the ChromoQuant® QF PCR kit, is a CE-marked diagnostic tool that enables rapid detection of aneuploidies in fetuses, significantly reducing test time from weeks to days through the use of accompanying decision support software, Visualizer™. In addition to the ChromoQuant product line, which includes various kits for analyzing chromosomal disorders and diagnosing microdeletions, CyberGene provides high-quality oligonucleotide synthesis services for in vitro diagnostics and analytical purposes. The company distributes its products both in Sweden and internationally, catering to a global customer base.

Acumem

Non Equity Assistance in 2006
Acumem is a private company based in Uppsala, Sweden, with a sales office in Boston, USA, specializing in intelligent software that optimizes computing performance in both single- and multi-core environments. The company's software solutions are designed to analyze and enhance system efficiency, enabling clients to fully leverage the advantages of multi-core technology. Acumem has established partnerships with prominent players in the multi-core market, including Sun Microsystems, HP, and Microsoft, further solidifying its presence in the industry.

Midsummer

Non Equity Assistance in 2005
Midsummer, founded in 2004 and headquartered in Stockholm, Sweden, specializes in the production of CIGS thin film solar cells and the equipment necessary for their manufacturing. The company leverages its founders' experience from the optical disc industry to develop cost-effective production processes that enable the creation of flexible solar panels. These solar panels are designed for versatility, allowing attachment to various surfaces, including membrane roofs, portable power plants, marine installations, vehicles, and landfill covers. Midsummer's approach focuses on manufacturing small-area CIGS cells, which facilitates process development and reduces challenges associated with scaling up production. The use of thin ferritic stainless steel substrates, measuring 156×156 mm, results in lightweight and flexible modules, setting Midsummer apart in the photovoltaic industry.

IRnova

Non Equity Assistance in 2005
IRnova is a Swedish high-tech company specializing in the development, manufacturing, and marketing of advanced cooled infrared detectors and related technologies. The company focuses on providing high-quality Quantum Well Infrared Photodetector (QWIP) and Type-II Superlattice (T2SL) infrared solutions, which offer significant advantages in performance. IRnova's products are designed for various applications, including defense, security, and environmental monitoring, enabling clients to detect hazards, pollution, and other potential threats. The company also offers specialized gas detectors for visualizing gas leaks and addressing environmental challenges. By fostering close relationships with suppliers and customers, IRnova aims to maintain its position as a reliable and long-term provider of innovative infrared technology in the market.

Diamorph

Non Equity Assistance in 2003
Diamorph AB is a manufacturer specializing in advanced materials for demanding and safety-critical industrial applications. Established in 2003 and headquartered in Stockholm, Sweden, the company leverages over 50 years of expertise in materials research from Stockholm University. It develops, manufactures, and sells a diverse range of products, including bearings, rollers, fire protection materials, hard materials, refractories, and rotor vanes, catering to sectors such as fire protection, rail, vacuum pumps and compressors, marine, high-temperature processes, automotive, renewable energy, and wear protection. With production facilities in the United Kingdom and the Czech Republic, and sales offices across multiple countries, Diamorph serves customers in over 60 nations. The company emphasizes research and development, utilizing cutting-edge technology to create high-performance solutions tailored to meet the specific needs of its clients, thereby fostering long-lasting relationships in niche markets.

Cuptronic Technology

Non Equity Assistance in 2003
Cuptronic AB is a Swedish development company specializing in advanced processes for high-density interconnect printed wiring boards (HDI PWBs). The company has collaborated with several prominent institutions, including KTH - Royal Institute of Technology, Luleå Technical University, and Umeå University, to create a patented copper deposition method that enhances the reliability and performance of printed circuit boards. This innovative process facilitates high packing density and strong adhesion of copper layers to substrates while minimizing the use of etching chemicals through a build-up technology. Cuptronic's technology is compatible with halogen-free substrates and offers flexibility as either a semi-additive or full additive process, eliminating the need for copper etching in the latter. Additionally, the company is involved in the development of solutions for plating on plastics and 3D molded interconnect devices, contributing to higher production yields for its clients.
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