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Healthtech March 29, 2022

Startup trends: Healthtech continues to boom with Krim Talia

The last two years have changed Healthtech radically. Serial entrepreneur and investor Krim Talia shares his thoughts on what’s happening in the industry today, and why.

Accelerated digitalization in healthcare

The pandemic has accelerated the digitalization of the healthcare industry to new heights. Everything changed and people started to prioritize their health more than ever before. Experts say that the COVID-19 pandemic has accelerated the adoption of digital health and virtual care forward by at least three years.

According to the HIMSS Future of Healthcare Report, 80% of healthcare providers plan to increase investment in technology and digital solutions over the next five years. (Forbes) Areas like telemedicine, personalized medicine, genomics and wearables, AI integration, and mental health are all expected to rise. 

Over the last couple of years, the healthcare sector has faced major challenges, and true to form, entrepreneurs have been quick to find new solutions. Investors are also digging deep to fund their endeavors. In 2021 WHO released its first global report ever on AI in health.

The value of Healthech over the years

The 2021 global digital health market size was $268 billion and is expected to be $334 billion in 2022, rising up to $657 billion in 2025 (Statista). In 2021 alone, $44 billion was raised globally in health innovation – twice as much as in 2020 – and the acquisition of health and health tech companies rose 50%. (We Forum)

In 2020 alone, Healthtech companies raised a record $14 billion in funding – marking the first time in history that Healthtech investments have outweighed those in traditional healthcare sectors, like pharmaceuticals. In total, Swedish Healthtech startups raised a combined €396m during 2020 according to Dealroom – a record number. And according to Sifted, the combined value of European Healthtechs has grown over 6x from 2016 to 2021 – from $8bn to $41bn. 

The pandemic also accelerated shifts in consumer behaviors and expectations, with people today being much more open to digital care and telehealth. But what else is driving these trends, and what does the future of healthcare look like? We sat down with Sting Coach, serial entrepreneur, and investor Krim Talia to get his thoughts. 

The big picture: efficiency is key to unlocking real value

Krim believes the healthcare sector faces a shared challenge on a macro level. 

“There’s one overarching thing setting the stage for the whole healthcare industry: a super-fast increase in healthcare costs, while taxable incomes are generally flatlining. Because of this, the whole sector cannot expect to see huge inflows of new resources into the healthcare space,” explains Krim.

Today, Europe spends on average around 8% of its GDP on healthcare, the US spends roughly 18%, and here in Sweden, around 9% of GDP is spent on healthcare. 

“If you look at where we spend that money, you can cut the loaf in different ways. For example, we’re spending around 5% on Medtech products, around 15% on pharmaceutical products, and the bulk of the money is spent on healthcare services.  So, almost 80% of total spending in the healthcare sector is on healthcare itself. This means the approach that has the largest potential to address increasing healthcare costs is to develop innovative solutions that increase efficiency on the ground, for example, in hospitals, nursing homes, and primary care.”

The dismal figures for prevention

If you cut ‘the loaf’ in another direction, Krim explains, you’ll see we’re only spending 1-2% on preventative healthcare. 

“Spending on preventative methods is almost non-existent, which is pretty shocking. Our system is extremely reactive, and the bulk of the money – I’m talking like 90% – is spent on people that are already sick, most of which have chronic diseases. And this is a very interesting group of people. These patients have been living with their disease, or diseases, for a long time, and they’re highly motivated to find ways to improve their situation and explore new alternatives. This is a group of people you can really work with to make big changes. I think it’s our duty as a society to help prevent other people from ending up in a similar situation where we can,” says Krim.

The importance of the four Ps

When Krim invests in Healthtech companies, he’s looking for companies that are aligned with four things that he believes are the foundations for the future of healthcare:

  1. Predictive
  2. Preventive
  3. Personalized
  4. Participatory

“I think the move towards predictive health is the most important trend right now, for example, using AI and health data to improve diagnostic tests so people can predict and monitor their health status. 

Then we also see a large interest in prevention, simply because it makes sense. However, the financial models for prevention aren’t fully developed yet. That’s why you see things like health impact bonds emerging, which has been pioneered by RISE Social and Health Impact center and Sting alumni company Health Integrator.

When it comes to participatory, we’re looking for solutions that empower patients to participate in their own treatment and take more responsibility for their health – which is the right way to go. We know the amount of new resources we can put into the system is limited, so we need to involve and empower the patients with the right tool that can free the last hidden resource in the system – the patient themself. 

I’m seeing a lot of Healthtech startups emerging that are trying to do this. Take current Sting company Andningmed, for example, which provides a medical device that empowers respiratory patients to improve their inhalation technique and increase compliance with their treatment regimen.  Another very strong trend is a number of new companies aiming at the epic opportunity offered by catering to underserved needs within women’s health. New Sting startups like Momentus and Olivia offer personalized health services that empower women in their fourth trimester or women in menopause,” says Krim.

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There are also big trends emerging around personalized medicine. For example, we have seen a surge in the Healthtech diagnostics market. The pandemic did, however, reveal that there are huge challenges to be addressed when it comes to robust digital lab infrastructures and solutions that can support home testing with high integrity, trust, and quality.

“These challenges are being addressed by companies such as Findout Diagnostics and Infrion (a current Sting company). We also see companies like current sting company 2Heal that use these new diagnostic opportunities in order to analyze the root causes behind health problems and deliver highly personalized health services,” shares Krim.

But he also believes there’s still a lot of uncharted territory in this space – which presents a huge opportunity for Healthtech startups and entrepreneurs eyeing up the healthcare sector.

“Considering these four Ps is also a way for young startups to structure their thinking about how they contribute to SDG 3 – good health and well-being,” he adds.

Krim Talia

Krim coaches companies within HealthTech and DeepTech.

krim.talia@sting.co
070-973 26 65

Insights March 9, 2022

Celebrating Female Founders

This week we are celebrating our female founders at Sting. Gender equality has long been a focus for us. In 2017 we started to measure and set goals for what kind of companies we wanted to help build and the proportion of companies with female founders in our programs.  

The starting point 

This week we are celebrating our female founders at Sting. Gender equality has long been a focus for us. In 2017 we started to measure and set goals for what kind of companies we wanted to help build and the proportion of companies with female founders in our programs.  

Back then, 26% of the companies had at least one female founder. Today 2022 that figure stands at 75% which we are very proud of and shows that diversity and equality are going in the right direction.  

Today, the proportion of female founders is one of our most important KPIs and something that permeates the entire business.  

Putting numbers into perspective 

We went back and looked at our data from 2021 to see what the numbers could tell us. 61 Sting startups raised approximately 1 bn SEK last year of which 54% had at least one female founder. 

45% of the raised capital went to companies with at least one female founder. 

8% of the capital went to all female-founded companies and 37% of the capital was invested in companies with mixed founding teams with at least one female founder.  

How can we put these numbers into perspective? In comparison, according to a survey by Unconventional Venture, in 2020, all-women-founded startups raised just 0.7% of investment in the Nordics and 7.3% went to mixed-gender founding teams. That’s a massive gap and we believe women-founded startups deserve to have much higher numbers in the Nordics.  

How did female-founded Sting companies do in founding rounds?  

Major funding rounds in female-founded Sting companies include the 117 MSEK round in Volumental, 50MSEK in Evolar, and 48% MSEK raised in Surfcleaner. 

Propel Capital, the investment arm of Sting, made 59% of its investments into startups with at least one female founder.  

We are very proud of last year’s figures but remain dedicated to working for more female founders in Sting companies, helping to support our startups to build strong teams that take a long-term approach to funding, and view dialogues with investors as an ongoing process.  

To celebrate women and encourage more of them to become entrepreneurs, we are opening up our open coaching to make our expertise more accessible. From the 7th-11th of March, female founders or idea owners can book a free coaching session with one of our experienced coaches to get personal advice on how to move their ideas further on their journey.  

https://apply.sting.co/femalefounders/

NEWS February 24, 2022

The winner of Sting Test Drive Sustaintech 2022 is SaniSOLE

Changing the scene with sustainable sanitary products made from agro-food industry waste.

SaniSOLE Winner of Sting Test Drive Sustaintech

Changing the scene with sustainable sanitary products made from agro-food industry waste.  

Last evening marked the “grand finale” of this year’s Sting Test Drive Sustaintech where 13 early-stage startup teams within the energy and climate space pitched their ideas to a jury and “Best Sustaintech Pitch” was selected.  

The winner was SaniSOLE, with the jury’s motivation reading:  

“In addition to delivering a great pitch with a lot of passion, SaniSOLE impressed with their circular approach, turning industry waste into biopolymers, offering a much needed sustainable and bio-degradable alternative to today’s single-use disposable sanitary products.” 

SaniSOLE’s technology is the result of 5+ years of research at KTH Royal Institute of Technology, focusing on developing biopolymers with functionality towards sustainable solutions. Instead of using virgin and fossil-based raw materials, biopolymers made from agro-food waste are used, offering a natural biobased material that is biodegradable and harmless to the environment.  

The jury also selected two runner-ups, Cellfion and Cresponix, sharing second place. 

“The Sting Test Drive Sustaintech 2022 program has been the floor for many positive feelings and encouraging reflections. We were provided with the essential tools that every early business idea needs and served as a driving force to understand that the time to contribute to a better future is here and now. From our side, and I am surely speaking from all the great ideas presented this year, the program allowed us to answer several questions we had, and now as a team, we feel more prepared to take the next step.” says Antonio Capeza, CEO and Founder of SaniSOLE.   

“It is extremely rewarding to work with all these super-talented early-stage startup founders passionately and tirelessly working to bring new ideas and solutions to help solve the energy and climate challenges our world is facing. In this batch we see an impressive mix of innovations in key areas such as sustainable energy, food and agriculture, green transports, circularity and reduced waste.” says Karin Ruiz, program leader, business coach and Deputy CEO at Sting.  

Jury: 

Karin Edström: Investment Manager, Almi Invest Greentech 

Raoul Stubbe: Business Coach Deeptech, Sting 

Katarina Chowra: Business Development Coach Sustainability, KTH Innovation 

About Sting Test Drive Sustaintech 

Sting Test Drive Sustaintech is a practical training program created for teams with an early-stage startup idea based on a pioneering Sustaintech innovation or solution. Since the beginning of the year, 13 Sustaintech startups have tested and developed their ideas through a series of workshops with Sting’s coaches.  

Sting’s Test Drive program mixes theory with practice, helping the startups validate their ideas and working closely with the entrepreneurs with challenges startups often meet. The program ends with a Grand Finale where the participants pitch their ideas in front of a jury and a winner is selected. Many startups that later join Sting’s Incubate and Accelerate programs started off in the Test Drive program.  

This Sting Test Drive Sustaintech program is arranged as part of Sustainable Energy Action, a joint initiative by Sting, KTH Royal Institute of Technology, KTH Innovation, KTH Holding, THINGS and Ignite Sweden, with funding from the Swedish Energy Agency

Interested in the Sustainable Energy Action initiative? Follow us on our LinkedIn page: https://www.linkedin.com/showcase/sustainable-energy-action 

Do you want to know more about Sting’s offer for Sustaintech startups? Read more here https://sting.co/sustaintech 

What is Sustaintech?  

When we talk about Sustaintech, we mean innovations in areas like renewables, energy, climate tech, circular economy, cleantech, green transport, bioeconomy, food and agrotech, waste and water, sustainable materials, sustainable fashion, and more, with a clear positive environmental impact. 

2022 Sting Test Drive Sustaintech participants.

2022 Sting Test Drive Sustaintech participants  

Cellfion – Develops and manufactures bio-based materials for clean energy devices. 

Cresponix – A new proprietary technology, which enables sustainable farming of giant shrimp in Sweden. 

ElvfTech – Small-scale 3D printed heat exchanger for generating electricity from waster heat. 

EnergiNode – The blockchain way of real-time energy tracking and management. 

KOASTAL – Providing ready-to-use sea farms for locals to cultivate and share profit between two parties. 

Redare – Empowering food retailers with product sustainability data. 

Refillistic – Convenient and sustainable consumption by refilling FMCGs with unmanned refilling robots in common areas. 

SaniSOLE – We want to provide you with a choice of disposable and biodegradable sanitary pads designed from environmentally friendly biopolymers so that you can save the world with us, one pad at a time.  

SAVE | THE | DATE – Connected clothes to spread a challenge and reward sustainable action. 

Sovlinjen – Comfortable overnight commuting for the business traveler. 

Sprout – Support and learn from communities fighting for a sustainable future. 

TINT – Replacing single-use food and drink packaging to smart sustainable reusable packaging-as-a-service. Takeaway should be tasty and waste-free. 

Typographus – Early detection of bark beetle outbreaks in boreal forests, based on UAV air-monitoring platform.  

NEWS February 23, 2022

Flox Robotics to Deliver 1st Ever Fully Autonomous Drone System to Repel Wildlife from Cultivated Lands

Launches test phase in April with a dosen early adopters

The FLOX Team (from left to right): CTO Marco Moletta, CEO Sara Nozkova, Senior Technical Specialist Massimo Girondi, CPO Matteo Tadiello

STOCKHOLM, Sweden – Feb. 23, 2022FLOX Robotics (FLOX AB) – a startup that provides artificial intelligence equipped autonomous drones, and part of the Sting Incubate Deeptech – announced Wednesday that it is closing in on its first major milestone: the delivery of the first-ever fully autonomous drone system equipped to repel wildlife from cultivated lands in April 2022 to its first customer. This marks the kickoff of FLOX’s 12-month commercial test phase which will take its solution to over a dozen different customers enabling FLOX to apply and further fine-tune its technology across a multitude of different cultivated fields and young forest lands.

“Since our early adopters are clamoring for any kind of solution for their increasing wildlife predicament, they have been pushing for FLOX to already start rolling out our solution as soon as we think it should be able to work, fully understanding that we have yet to fully test our solution in critical areas such as durability, ruggedness and some of the technical real-world applications,” said FLOX CEO Sara Nozkova. “We are over the moon to already be able to sell our systems in the coming 12 months while test-driving the technology, monitor how the hardware holds up over extensive periods of usage, and provide our AI systems the ability to gain huge amounts of experience across a wide variety of different lands.”

The FLOX’s Mission – Coexistence with Wildlife. Reimagined.

FLOX is turning what was previously a human-wildlife conflict into a new way of protecting natural resources in shared landscapes. FLOX developed an autonomous, AI-equipped drone solution that helps landowners and farmers to successfully repel wildlife in order to maximize agricultural output and protects young forests, in turn preventing agricultural expansion into natural wildlife habitats.

An animation video demonstrating FLOX’s solution can be found here: https://www.youtube.com/watch?v=vBUo0Eo7lyo.

FLOX’s technology is currently also being tested in some of the Nordic countries as a possible solution to prevent collisions between trains and wildlife.

FLOX’s Call to Action

FLOX plans to deliver its solution to over a dozen different customers in the 12 months following its first commercial delivery planned in April, 2022, bringing its solution one month at a time to each customer, enabling FLOX to apply its technology across a wide variety of cultivated fields and young forests, collect and learn from all the gathered data, rapidly iterate both the hardware as well as the software, all the while already delivering value to its early adopters.

There are still some slots open for interested farmers or landowners targeted by wildlife, to become part of FLOX’s 12-month commercial test phase – just send us an email to info@floxrobotics.com.

“We are super-psyched about our upcoming first-ever commercial delivery this April as we finally get to practice what we preach: turning what was previously a human-wildlife conflict to a new way of preservation of natural resources in shared landscapes so that we can coexist with local wildlife in a way that has not been possible ever before,” said Nozkova. “FLOX started at the end of 2020, and now over a year later we are closing in on our first commercial delivery – our first opportunity to show the world of landowners and farmers that our system, the first of its kind, can genuinely help them and live up to FLOX’s vision.”

FLOX’s Product Names

The founders of FLOX decided to embrace the company’s Nordic identity and look towards Norse Mythology as inspiration for establishing the names of FLOX’s first set of products. That culminated in the decision to call FLOX’s first fully autonomous drone Hugin, and FLOX’s base station from where Hugin will fly out and return, recharge and depart again, to name Oden. Similar to the mythological story of ravens and gods, we count on Hugin to venture across the world and upload its newfound knowledge to Oden.

Scaling FLOX

As FLOX is readying itself for its commercial phase, the company started to scale its team since the beginning of the year and aims to continue adding to its ranks in the coming months. In January FLOX already made two additions to its team, adding Animal Scientist Simone Vaianella, an expert in wildlife and biodiversity, as well as Chief Marketing Officer Joon Knapen.

“It’s amazing to join the Team at FLOX brimming with talent, energy, and will-power to fulfill our mission: Coexistence with Wildlife. Reimagined,” Knapen said. “I’ve worked at many companies where Purpose was almost an after-thought…It’s incredibly inspiring to join a startup like FLOX where its whole existence is premised on its Purpose.”

More info on Vaianella’s can be found in our Newsroom here and on Knapen’s appointment here.

FLOX’s OH-1 campaign: The Final Countdown!

As of the coming week FLOX will start providing weekly updates as it is counting down to its commercial launch of OH-1 (Oden 1 & Hugin 1) in April 2022 on its most prominent Social Media Channels so please watch that space if you want to stay abreast of the latest developments:


About FLOX

FLOX is a Stockholm-based startup with a vision to reimagine coexistence with wildlife. The company was founded in December 2020 with the aim to offer affordable tailor-made services provided by autonomous drones to protect crops and young plants from wildlife-related damages. Subscribe to FLOX’s newsletter by sending an email with <subscribe> in the subject line to: info@floxrobotics.com. FLOX started at the Royal Institute of Technology with support from KTH Innovation

Are you a landowner or farmer plagued by wildlife and have an interest in becoming part of FLOX’s 12-month commercial test phase? Just send us an email with <calltoaction> in the subject line and we will get in touch: info@floxrobotics.com.

If you have any questions or would like to engage with FLOX CEO Sara Nozkova, please contact FLOX’s press team at press@floxrobotics.com.

For general or customer inquiries, please contact FLOX at info@floxrobotics.com.

NEWS February 8, 2022

Here are the 17 new Sting companies – carefully selected in fierce competition

There is a strong focus on high-tech solutions when Sting, nominated the ‘world’s best accelerator’ had a kickoff today for the 17 new startups at A-house in Stockholm.

There is a strong focus on high-tech solutions when Sting, nominated the ‘world’s best accelerator’ had a kickoff today for the 17 new startups at A-house in Stockholm.  

The interest in applications for Sting was stronger than ever and the competition intense. 17 startups made it through the fierce competition and got a place at Sting where they will be coached during spring to launch their innovations and become successful growth companies. A wide range of industries is covered by the new Sting companies including material technology, genetic profiling, AI-based learning, blockchain, web 3.0, VR, and 3D printing solutions. Several of these hich-tech companies are the results of a close collaboration with KTH Innovation.

“The quality of the applicant companies has been higher than ever, and we have placed great emphasis on finding and selecting companies that we believe have great opportunities to make a difference,” said Karin Ruiz, Deputy CEO, Sustaintech and Deeptech business coach at Sting. 

One of the companies is Akira science which develops biological materials for 3D-printed implants.  

“We who are behind Akira are three women who all share a passion for chemistry, degradable polymers, and 3D printing. Akira Science develops materials that allow you to 3D-print soft tissue to, for example, recreate a breast after a breast cancer operation. With Sting’s help, we hope to be able to reach out with our innovation to a broader market and in this way also be able to contribute to an increased quality of life,” says Tiziana Fuoco, co-founder, and CTO at Akira.  

Another trend seen in this year’s applications is web 3.0. NfinityMark is one of the companies that participated in the autumn round of “Test Drive Blockchain,” a program that Sting organized together with Advanced Blockchain AG.  

“We are incredibly happy to take the next step on our journey together with Sting. We look forward to their support in helping us grow sustainably in our mission to help creators bridge the gap between the physical and digital worlds. Using chemistry, blockchain, and NFT technologies, Nfinitymark provides artists with an indisputable link between their physical artworks and a digital record. This secures authorship, ownership, and provenance, and opens up a range of opportunities in Metaverse applications. Welcome to the future” says Kirsten Hinder, co-founder of NfinityMark. 

The selected companies can receive a SEK 500,000 investment from Propel Capital, Sweden’s most active private seed investor. But most valuable for the startups could be a structured coaching program, access to expert coaches, recruitment support, business angels, and an international network of industry contacts and investors.  

Since the start in 2002, Sting has coached over 350 startups that together have a company value of SEK 20 billion. Together, they have a turnover of more than SEK 3.6 billion, of which 62 percent comes from international sales. They have raised over SEK 7.5 billion in private capital and created over 3,300 jobs. Sting’s alumni companies include Yubico, Karma, Sellpy, Airmee, and Volumental.  

The following 17 companies have been selected to Sting’s program starting this week:  
 

Akira Science 

Removes barriers for 3D-printed implants. Akira has developed a new degradable polymer that can be used for 3D printing and tissue engineering applications. Akira Science started at the Royal Institute of Technology with support from KTH Innovation

Aline 

A data-driven learning app driving careers and organizations with efficiency & curiosity, creating more equitable opportunities for learning by making education more dynamic and accessible. The intelligent platform includes a social network and a marketplace with integrations with training providers and vocational-technical services.

Arkus 

Makes genetic risk profiles available for a healthier life. Today, it is time-consuming and resource-intensive to develop personal genetic profiles. Arkus does this quickly and efficiently with the help of AI and provides users with genetic health updates, all to guide them towards a life of quality and joy.  

Atlastica 

Enables the expansion of eSIM-based devices. Atlastica is developing a solution that addresses the activation and distribution needs of devices in the eSIM based cellular market. A market that is expected to grow 7 billion units by 2026.  

Awaio 

An office-sharing service for the modern and digital office. Through Awaio’s app, companies can share free spaces, workplaces, and meeting rooms. Users can easily find a workplace that suits his or her needs for the day.  

BONI 

The simplest mood board tool for interior design. BONI is a cloud-based interior design tool for creating mood boards, visualizing interior design ideas, and finding products – all in one place. BONI makes it possible to combine different furniture from favorite stores and test different options. All products can easily be purchased via links to retailers.  

Ekbacken Studios 

Challenges the traditional way of luxury and transforms waste products into design objects. Ekbacken Studios is a design studio that creates timeless furniture that is sustainably produced through the reuse of residual materials such as sea plastic. Production takes place locally with the help of LSAM (3D printing), and a portion of the profits goes back to the local organizations that actively work with social and ecological sustainability.  
 

Flowtropolis 

The collaborative workplace of the future with the help of Multiuser VR. Flowtropolis is a VR platform that simplifies the creation of customized VR applications. Behind the company is a team of creators and developers who together improve operations with innovative VR technology and design.  

Hypertype 

Simplifies and makes sales and marketing communication more personalized with the help of AI. Hypertype is a plug-and-play solution that analyzes the content of an email and provides the user with relevant sales data and previous email content and then composes personal superfast responses.  

Mother 

Scientifically based, digital aids for mental health. Mother develops technologically advanced and scientifically based aids for mental health. The high-tech solutions translate findings from the forefront of neuroscience to readily available digital therapies. Mother uses VR and biofeedback in combination with digitally controlled methods for mental training.  

NfinityMark 

Ensures the origin of art with the help of chemistry, blockchain and NFT technology. NfinityMark enables artists to create an undeniable link between their physical artwork, blockchain and NFT. NfinityMark contains a unique, chemically engineered serial number which when applied to a work of art, gives the piece a digital identity that protects its origins. It creates security both for creators and collectors and opens new opportunities in metaverse applications.  

Nobula 

Glass foundry on a desk in the form of a 3D-printed glass. Nobula 3D printers allow complex 3D structures to be produced in glass, quickly and easily. Areas of application include medical equipment, optics, solid state batteries, art, and jewelry. Nobula started at the Royal Institute of Technology with support from KTH Innovation.  

Sizzle 

A global food market that connects independent chefs and customers. Sizzle supports, promotes, and develops independent entrepreneurs in the food and beverage industries and connects them to customers who want a global kitchen. The shared infrastructure makes it easy for contractors to sell their authentic dishes without advance costs and long lead times. Global culinary creativity available to everyone.  

TeraSi 

Precision components for 6G. TeraSi develops precision components for use in 6G, the next generation of wireless communication technology, which uses 100 times higher frequency than today’s 4G components. TeraSi started at the Royal Institute of Technology with support from KTH Innovation.  

Tixy.nft 

Event tickets for Web3. Tixy.nft is a ticket platform and marketplace built on blockchain technology. The platform gives creators and fans access to a more modern, fairer, and safer ticket experience for both physical and virtual events. Tixy.nft started at the Royal Institute of Technology with support from KTH Innovation

Vacci 

Digital platform for vaccinations. Vacci is developing an independent, digital platform that helps users understand what vaccines they need, where they can be taken, book vaccinations and pay directly on the platform. All vaccinations are then saved in the form of a digital vaccination card, which provides a transparent and accessible overview for life.  

Vivium 

A platform for sustainable staffing in healthcare. Vivium is a cloud-based platform that contributes to safer and more cost-effective internal and external staffing in healthcare.  

NEWS February 2, 2022

Challenger Univid secures multi-year contract as Almedalen Week’s official play channel

With a brand new investment in the bag, it is now clear that Univid secures an agreement of 2 + 1 years to continue to deliver the play channel to one of the world’s largest political gatherings – Almedalen Week.

Sting company Univid secures multi-year contract with Region Gotland to deliver the platform for Almedalen Play.

No one has escaped the fact that the latest upstart on the digital event scene is called Univid. With a brand new investment in the bag, it is now clear that Univid secures an agreement of 2 + 1 years to continue to deliver the play channel to one of the world’s largest political gatherings – Almedalen Week.


Almedalen Week (Almedalsveckan) is one of the world’s largest meeting places and in connection with the pandemic, the week in July 2021 was carried out completely digitally. During four intense days, over 700 events by more than 400 different organizers took place on the play channel – a platform provided by the startup Univid.


It is now clear that Univid lands a multi-year agreement of 2 + 1 years with Region Gotland to continue delivering the official play channel after a successful 2021.

Co-founder of Univid, Jonathan Rintala, talks about the trust in being selected to enable Almedalen and the work towards more engaging digital events:


“Almedalen Week is for us a fantastic opportunity to democratize events – and let more organizations create engaging and personal experiences in the digital space. This is something we see that many are struggling with today. Hopefully we can take it one step further this year and enable even more memorable events!”


Co-founder Erik Skogetun continues:


“We are really happy that we have been entrusted to continue to deliver such an impactful event via Univid for several years ahead. And of course we look forward to as good a collaboration as previous years with Region Gotland!”

A rapid expansion within virtual events and webinars

Univid was founded by two students at KTH Royal Institute of Technology before the pandemic to create more interactive lectures. The school world was soon history, and the company has since grown rapidly in the world of virtual events. Just a couple of weeks ago – in January 2022 – the company raised 8M SEK in financing, and is now active outside Sweden’s borders, with some of the world’s largest companies as customers.


A simple, visually attractive and accessible platform – for a democratic week

On the digital platform, all events that have a digital broadcast during Almedalen Week are presented. It is therefore important that it is an easy experience for organizers to add and create events. At the same time, Play must be easy to navigate, graphically reflect Almedalen and be accessible to visitors.


With excellent feedback about the platform from organizers last year, Region Gotland seems to have found just this in Univid, and has now secured the digital presence of the coming years, through a multi-year agreement where Univid is the supplier of the platform.

“Almedalen Week is based on everyone being able to participate, with Almedalsveckan Play, more people have been given this opportunity. With Univid’s solution, we have found a simple and attractive platform that breathes Almedalen,” says Mia Stuhre, project leader for Almedalen Week.


Mia Stuhre proceeds:


“This year’s Almedalen Week is arranged on site in Visby July 3-7. However, we hope that many organizers take the experience from last year and also broadcast their events digitally via Almedalsveckan Play. In addition to opening up for more people to participate, Almedalsveckan Play, with all digital events, displays the diversity of Almedalsveckan, both as a meeting place and as a place for free replenishment of
skills.”


During Almedalen Week, in addition to the play channel, Univid offers the opportunity to arrange events held in Visby or host webinars directly via the Univid platform – so that more people can participate and experience all of Univid’s interactive functions.

Univied completed Sting Incubate in 2021

About Univid
Univid is a powerful tool for creating engaging and beautiful digital experiences in less than 60 seconds. On our user-friendly platform, users are guided through the entire experience and events can be tailored to users’ wishes. With features such as quizzes, polls, reactions, and gamification, Univid offers completely unique ways to engage audiences. The platform is best suited for events with between 200-300 participants and works for all kinds of events, from real-time digital meetings to webinars and live broadcasts.


For more information, please contact:
Jonathan Rintala, Co-founder
+46 (0) 73 026 98 87– Almedalen Week is based on everyone being able to participate, with
Almedalsveckan Play, more people have been given this opportunity. With Univid’s
solution, we have found a simple and attractive platform that breathes Almedalen,
says Mia Stuhre, project leader for Almedalen Week.
Mia Stuhre proceeds:
– This year’s Almedalen Week is arranged on site in Visby July 3-7. However, we hope
that many organizers take the experience from last year and also broadcast their
events digitally via Almedalsveckan Play. In addition to opening up for more people to
participate, Almedalsveckan Play, with all digital events, displays the diversity of
Almedalsveckan, both as a meeting place and as a place for free replenishment of
skills.
During Almedalen Week, in addition to the play channel, Univid offers the opportunity to
arrange events held in Visby or host webinars directly via the Univid platform – so that more
people can participate and experience all of Univid’s interactive functions.
About Univid
Univid is a powerful tool for creating engaging and beautiful digital experiences in less than
60 seconds. On our user-friendly platform, users are guided through the entire experience
and events can be tailored to users’ wishes. With features such as quizzes, polls, reactions,
and gamification, Univid offers completely unique ways to engage audiences. The platform is
best suited for events with between 200-300 participants and works for all kinds of events,
from real-time digital meetings to webinars and live broadcasts.
For more information, please contact:
Jonathan Rintala, Co-founder
+46 (0) 73 026 98 87

NEWS January 27, 2022

Swedish translation app raises 2.5 million EUR in investment round to reduce language barriers in healthcare

Sting company Care to Translate is a digital medical translator that enables communication between healthcare professionals and patients.

The Swedish health tech company Care to Translate raised EUR 2.5 million in a round led by the family-owned investment company Provider Investment. Both new and former investors, such as Sophia Bendz, are participating in the round. “The fact that the majority of our previous investors have chosen to enter this round is proof that we are doing something right,” says Linus Kullänger.

Care to Translate is a translation app with medically quality-assured language that healthcare professionals and patients use to communicate with each other when they do not speak the same language.

The tool can translate to and from 40 different languages and in the last year the use of the translation service has doubled. Care to Translate now has close to 500,000 users worldwide and sees a strong increase in demand from countries outside the Nordic region.

“We solve a large, vital, and under-prioritized problem in the healthcare sector. By tearing down language barriers, we contribute to more equal and safe healthcare”, said Linus Kullänger, CEO and co-founder of Care to Translate.

About 1 in 10 patients in high-income countries need language support when seeking care. The problem is much greater in low- and middle-income countries. The lack of qualitative language support can lead to incorrect treatment, extended hospital stays, and increased care costs. Today’s human interpreters are not close enough to solve the scale of the problem and today’s machine translation cannot deliver sufficient quality.

“We verify all our translations both medically, culturally and contextually; but when using traditional machine translation you cannot be sure if the phrases are translated correctly. We ensure the quality of each translation so that our customers and users can feel completely safe when they use our products”, said Annie Backman, co-founder and medical director at Care to Translate.

Last year, the company was able to secure several large Swedish customers, including the Värmland Region, and it has also signed its first international customer in Belgium. The aim is now to grow even more in the Nordic region and internationally.

“Our customers have experienced that language barriers have prevented them from being able to offer patient-safe care with high quality to all their patients before using our services. We are extremely proud of partnering with them to ensure more equal care for all patients – no matter their language”, said Linus Kullänger.

The latest round of financing is led by the family-owned investment company Provider Investment, led by Johan and Emma Hernmarck, the angel investor Eva Engelbert, Petter

von Heidenstam and the financier Claes Dinkelspiel, who already invested in the company in previous rounds.

Other investors who have been backing the company for some years already are KRY’s/LIVI’s co-founder and former CEO Josefin Landgård, Sophia Bendz – partner at Atomico and former marketing director at Spotify and former CEO and founder of Capio Per Båtelson.

“The money will primarily be used for market expansion and product development. Our product is already ready to be scaled up to more than 40 markets. We are now doubling our team and investing in smart tech solutions that will ensure our competitiveness for the future. We are a company that will solve language barriers globally and we have only just started”, said Linus Kullänger.

About Care to Translate

Care to Translate was founded in 2018 by Linus Kullänger (CEO) and Martin Schalling (senior advisor) and the company is today run together with co-founders Maja Magnusson (COO) and Annie Backman (CMedO), and Alexander Gyllensvärd (CTO). The Care to Translate medical translation app has over 500,000 users worldwide and is available in 40 languages. The goal is to create more equal care by enabling communication between patients and care staff, regardless of language. The app is available via the App Store and Google Play on mobile and tablet and via web browser on a computer.

Contact

Linus Kullänger, CEO and co founder:

+46733225545

linus.kullanger@caretotranslate.com

www.caretotranslate.com

NEWS January 26, 2022

World unique health initiative in Stockholm shows promising results for pre-diabetics already after 6 months

Sting company Health Integrator introduces digital health programs in collaboration with Region Stockholm.

The Stockholm region is the first in the world with a new type of investment that, in the long run, can free up billions for healthcare by preventing ill health. Type 2 diabetes is the first focus area. The initiative offers people in the risk zone for type 2 diabetes support in a digital health program. The first results from the follow-up blood tests are now reported. After six months, 43% of participants are no longer at risk for type 2 diabetes.

Pandemic restrictions increase sedentary lifestyles and new initiatives to improve public health are welcome. 925 people in Stockholm are now offered a unique opportunity to participate in a health program to prevent the development of type 2 diabetes. The health program is clinically validated in a study conducted by Karolinska Institutet. In the program, participants get digital meetings with a personal health coach who supports them to make lifestyle changes. Participants also get access to a marketplace where they can choose products and services they can use to achieve their health goals. Friskis & Svetti’s gym card is one of the popular choices among the participants.

The participants who participated for at least six months have now taken their first follow-up blood test to see the effect of the health program. Leif Persson is one of the participants who lowered his blood sugar so much that it is now at healthy levels, and no longer within the range for prediabetes (42-47 mmol / mol).

– When I started the program, I had an HbA1c of 43 mmol / mol and I was determined to improve my health. I met my coach regularly and set up a health plan that suits me. At the last blood test, my value was 37 mmol / mol. I am very happy in every way, says Leif Persson, one of the participants in the program.

After 6 months, 43% are no longer in the risk zone for diabetes type 2 The results of the follow-up blood test after six months show the following:

  • 62% have reduced blood sugar levels
  • 13% have unchanged blood sugar levels
  • 25% have increased blood sugar levels
  • The mean change in HbA1c is -1.13
  • 43% have reduced their long-term blood sugar levels to a value considered to be below the value for prediabetes, i.e. the precursor to type 2 diabetes (HbA1c 42-47 mmol / mol)
  • The average weight loss is almost 4 kilos

In a follow-up survey, participants were asked questions about their experience of the program and 8 out of 10 participants answered that they feel better after six months. The majority of the participants answer that they believe that they will succeed with a sustainable lifestyle change.

As a first step in making the service available to more users, it’s now being launched on Benefy and Wellnet, Söderberg & Partners’ benefit portals, among others. Health Integrator‘s service is also made available to more regions in Sweden, to prevent both type 2 diabetes and other types of diseases. Should the investment be introduced at a national level, there is potential to free up many billions for welfare.

Read more about the health program and apply at www.folkhalsastockholm.se.

NEWS January 19, 2022

Newcomer Univid set to disrupt digital event segment – secures funding from major investors

Two former students at Sweden’s top engineering university, founded Univid after seeing a gap in the market for an interactive and user-friendly event platform. After a flying start for the company as official supplier for the world’s largest political fair, Almedalen, and with Facebook as its first major customer, the company has now raised EUR 800,000 in funding to continue its expansion.

Univid founders Erik Skogetun and Jonathan Rintala

In 2019, before digital meetings had become part of daily life, SaaS company Univid was founded by the two KTH Royal Institute of Technology students, Erik Skogetun and Jonathan Rintala, with the ambition of digitalizing lectures.

And the idea quickly caught on. When the founders discovered the potential of their product, they exchanged academia for the world of digital events, with Facebook as the company’s first major customer.

“We quickly realized that the market severely lacked good solutions. Today, companies around the Nordic region use our platform to create engaging and beautiful events and webinars in less than a minute. Events that can be tailored by the user directly in the browser,” says Skogetun.

Backing from well-known investors 

In Univid’s first funding round, the company has obtained backing from a number of well-known investors, including venture capital firms Spintop Ventures, JNE Invest, and Quinary, as well as angel investors with solid experience in the industry.

“15 years ago, I was a board member and investor in the company that built what is today the Google Meet platform and that shaped the WebRTC standard,” says Finn Persson, Partner at Spintop Ventures.

“My colleagues and I at Spintop have kept a keen interest in real-time web video communications. We’re excited to invest in a great service built on the WebRTC standard – taking the interactive online meeting experience to the next level, founded by a duo from the new generation of web communications technology entrepreneurs.”

Events that drive engagement

With features such as quizzes, polls, and the ability to collect points based on interaction, Univid offers a completely unique way to create experiences tailored to users’ specific needs.

“People who come to us are tired of complicated and time-consuming event platforms. They need something that’s easy to set up and a platform they find familiar and feel confident about using,” explains Skogetun.

Events hosted on the platform have increased interaction compared to other digital event solutions. The platform has generated several thousand reactions and hundreds of chat messages from just a few hundred participants.

“We want to move away from rigid, formal and outright boring experiences, to instead let hosts themselves create engaging, creative and fun events that participants remember – that’s Univid,” says Rintala.

Funding round set to drive rapid growth

In 2021, Univid was the official supplier for Almedalen Week 2021, which involved more than 700 digital events over four days. As the use of virtual meetings has surged during the pandemic, the company is now experiencing considerable demand in Europe and beyond.

The platform and video technology are in place. The plan for the future is to continue to optimize and expand functionality, including interaction and networking. Today, Univid consists of three people, but with fresh funding, Univid has made it its goal to accelerate its growth journey. 

“We’ve validated the market properly and now it’s time to grow our team with skilled developers and salespeople to meet the high demand,” concludes Rintala. 

For more information, please contact:

Jonathan Rintala, co-founder

+46 (0) 73 026 98 87

jrintala@univid.io 

About Univid

Univid is a powerful tool for creating engaging and beautiful digital experiences in less than 60 seconds. On our user-friendly platform, users are guided through the entire experience and events can be tailored to users’ wishes. With features such as quizzes, polls, reactions, and gamification, Univid offers completely unique ways to engage audiences. The platform is best suited for events with between 200-300 participants and works for all kinds of events, from real-time digital meetings to webinars and live broadcasts.

NEWS January 18, 2022

Femtech company Momentus secures 3.5 million SEK to improve new mothers’ health

The Stockholm-based femtech company Momentus, which participated in the Sting Incubate program in 2021, is raising external capital to accelerate its service targeting the health of new mothers after pregnancy and childbirth. After just a few weeks and without a marketing budget, the app had more than 1,000 downloads. Investors include Avesina Group, Propel Capital and Mattias Weinhandl’s Pluscap AB.

Lack of information after pregnancy and childbirth

The maternity healthcare system does not succeed in giving new mothers the information they need to achieve good health after pregnancy and childbirth. In the digital transformation of healthcare, maternity care is still neglected, which leads to many women seeking social platforms to find advice and support. The inaccessible care, the incorrect information via social media, and the difficulty in evaluating what is actually safe advice or not, leads to many women suffering and worrying completely unnecessarily.

Empowering new mothers to take control over their health

Momentus is a digital platform that helps women with recovery, support and guidance to proper care after pregnancy and childbirth. Through evidence-based knowledge, digital visits to midwives as well as courses developed by experts, Momentus gives new mothers the power to take control of their own health. This leads to better health and faster recovery for the women, while at the same time reducing the pressure on the healthcare system – a win-win for society as a whole.

A founder team of Medical Doctors and Computer Engineers

Behind the idea are the founders Maria Undén Morein, Rebecka Wedlund, Cajsa Schalling and Emma Aronsson. Maria has a background as a doctor and board member of the Swedish Medical Women’s Association (KLF), Rebecka as a computer engineer and entrepreneur, Cajsa as a doctor at the gynecology clinic at SÖS and Emma is an obstetrician at Karolinska University Hospital.

Carefully chosen investors

During the past year, the company has built its product, been registered as a healthcare provider with IVO and supplemented the team with a midwife and physiotherapist specializing in women’s health. In November 2021, the first version of the service was released in App Store and Google Play and already before New Years, the app had been downloaded more than 1,000 times. Momentus is now developing in a paid version of its service and raising SEK 3.5 million in external capital.

Maria Undén Morein is a doctor and CEO of Momentus:

“We are finally talking about womens’ birth injuries and the need for support after a pregnancy! With today’s crisis in maternity care, we really feel it’s extra important to provide new mothers with correct information and help with recovery. This is also noticeable in the interest among investors. Our plan in the beginning was to raise 1.5-2 million, but chose to close at 3.5 million and we also said no to several interested parties.”

Filling a gap of insufficient information to new parents

Parents who receive the right information and support after childbirth feel more secure, connect better with their children, and feel less anxious. Studies show that those who experience information and support as sufficient after childbirth are less likely to seek emergency care.

Many women experience that their own health after childbirth is forgotten and that their problems are not taken seriously. Even though up to 90% of all women experience health issues after giving birth, very few know what’s normal or not and when to ask for help. The founders of Momentus got tired of women feeling lost after giving birth. Momentus provides the user with easily accessible and medically correct information about what happens in the body after pregnancy and childbirth, tools for recovery and support as well as a community with other women in the same situation. And the knowledge that you are important and that your experiences and feelings, no matter what they are, are okay.

“First it’s belly, belly, belly, then it’s baby, baby, baby. There is a great need for support and advice for new mothers the time after childbirth, and with Momentus, this support is now easily available in our digital service”, concludes Maria.

Maria Undén Morein, CEO, 073 552 63 52, maria@momentus.se 

Rebecka Wedlund, CBTO, 070 735 62 35, rebecka@momentus.se  

www.momentus.se