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NEWS October 8, 2021

Esgaia launches sustainable investment platform backed by Wellstreet fund

Fintech startup Esgaia has launched its platform for sustainable investments and big investors in Sweden, Norway and the UK are jumping on it.

Esgaia’s founders (from left to right) Simon Kristiansson, Anton Ljung and Frida Femling .

Fintech startup Esgaia has launched its platform for sustainable investments and large institutional investors in Sweden, Norway and in the UK are already using it. Wellstreet’s fintech fund is now investing in the company.  

Sustainability is one of the highest priorities for institutional investors. The majority of all financial products will focus on sustainability in 2022, and 8 out of ten investors plan to invest solely in ESG products the same year. ESG stands for environmental, social and governance, and is synonymous with sustainability in many cases. The fastest-growing strategy within ESG is active ownership, which is the use of ownership to influence a portfolio company’s operations and behavior. 

Esgaia has built a platform to help investors consider and mitigate sustainability risks in portfolio companies. Esgaia lowers the barriers for active ownership through automated processes that enable easier collaboration and increased transparency between stakeholders. This allows more capital to drive change in companies that need to be restructured, which is a critical component to achieving global sustainable transformation. 

The company was founded by Anton Ljung, Frida Femling and Simon Kristiansson. Anton has a background in fund management and sustainable investments, Frida possesses expertise in computer engineering and has experience from previous entrepreneurial endeavors, and Simon specializes in IT architecture and web development. 

Esgaia has developed its platform together with some of the largest institutional investors in Sweden. Last year, the platform was in beta under the name “Acty”, and investors with over EUR 235 million in assets under management (AUM) have already signed up to the platform. Clients include Storebrand Asset Management and Länsförsäkringar, among others. 

The platform is now available globally, and to scale up and accelerate Esgaia’s development, the venture capitalist, Wellstreet, has invested. Esgaia will be the first investment in Wellstreet Fintech Fund I. 

“It is inspiring to work with institutional investors who are leading the way in this area. With the right tools and strategies, they have tremendous potential to make a difference. We are delighted to have Wellstreet on board on this journey to become the market-leading active ownership platform,” says Anton Ljung, co-founder and CEO of Esgaia. 

“Like many others, I invest in funds for the short and long term. For me, it’s important that the funds I invest in perform as well as possible without compromising sustainability. Here is where I see Esgaia doing something meaningful, which they have proven by establishing their platform with credible fund companies in a short period. Esgaia is built for the global market and I look forward to launching this platform internationally with the team,” says Armando Coppola, Partner and Fund Manager at Wellstreet. 

For more information, please contact: 

Anton Ljung, founder and CEO of Esgaia, +46 70 998 02 33, anton@esgaia.com 

About Esgaia

Esgaia was founded in September 2020 and is a Swedish software company focused on simplifying the process of active ownership. Our team is passionate about ESG issues and we believe that sustainable investment practices are the key to growth, profitability and a better future. Our vision is to become the global standard for active ownership. 

NEWS September 13, 2021

Sting and Advanced Blockchain launch first blockchain startup program in the Nordics

The new program provides people working with early-stage ideas, projects and startups in the Web 3.0 space the springboard they need to start making real impact. Application deadline is October 1.

In a new collaboration, Sting and Advanced Blockchain AG have launched a pre-accelerator program for people with early-stage blockchain projects and startups in the Nordics and Estonia.  

The program, which is the first of its kind, aims to provide aspiring blockchain entrepreneurs with the knowledge, experience and capital they need to get their ideas off the ground, and accelerate the arrival of Web 3.0.  

“We’re really proud to have established a partnership with Advanced Blockchain AG, which creates more opportunities for blockchain startups in the Nordics. We see a lot of interesting applications for blockchain technology and many of them could create a significant positive impact on society. By working together, we can provide startups in this space with both valuable skills and capital,” says Pär Hedberg, founder and CEO of Sting.  

The free program, which begins in early October involves a series of hands-on workshops and training sessions that explore key trends in blockchain and give idea owners and founders the business skills they need to spread their technology to a wider audience.  

Ten successful applicants will also receive a grant of up to 25,000 in USD Coin (USDC) from Advanced Blockchain and the chance to join Sting’s world-leading startup accelerator program.  

The program will be taught by Sting coaches Cecilia Bratt and Fredrik Rosengren and Simon Telian, Group Chief Investment Officer of Advanced Blockchain AG. 

“The goal of the collaboration between Advanced Blockchain and Sting is to identify and nurture strong teams with creative ideas in the Web 3.0 ecosystem at a very early stage. Through this program, we can give them the tools they need to develop their ideas and increase the chances of success,” says Telian. 

Participants will gain new knowledge in business-critical areas such as business modelling, creating a team and building an MVP. The program also includes deep dives into blockchain-specific topics, such as De-Fi, NFTs, intersections with traditional finance, enterprise blockchains and applications and mainstream adoption. 

This marks the beginning of a new partnership between Sting and the German investor and incubator, following Advanced Blockchain’s recent expansion into the Nordics. 

Ready to apply?

Web 3.0 has massive potential to transform how people live and work for the better. And at Sting, we want to support people who are making this happen. If you have an early-stage idea, project or startup in this space apply to the pre-accelerator program now to get the help you need to take the next step. Applications close October 1st, 2021.

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NEWS September 8, 2021

Health Integrator secures SEK 20 million

Sting alumni Health Integrator is set to expand nationwide with this new cash injection.

Fredrik Söder, Founder & CEO of Health Integrator

The growth journey has only just begun for Health Integrator, the healthtech company that reduces the number of patients in the healthcare system by preventing diseases. With this injection of SEK 20 million, the company will embark on a wave of expansion that will make the service available to users throughout Sweden.

Today, chronic diseases are increasing rapidly, despite the fact that 80% of them can be prevented through lifestyle changes. Swedish healthtech company Health Integrator prevents chronic diseases through its digital platform by giving people access to personal health coaching and a variety of wellness services.

The Stockholm Region is the first to use Health Integrator’s digital health platform in a 5-year preventive program to prevent type 2 diabetes. There is great interest in the program – with 25,000 people having signed up so far and over 500 of them being identified as high risk. They’ve now been offered a place in the program to get help to stay healthy.

Fully developed, the Stockholm Region estimates that the savings potential for the program is SEK 1.4 billion per year. If this were to be implemented at national level for prediabetes patients, the healthcare sector could potentially save billions of kronor.

The initiative has received international awards and an increasing number of regions and players are showing interest in Health Integrator’s platform. To make the service available to more users who want proactive help with their health, the company is now raising new capital.

“We are shifting into a new gear and making our digital health solution available in more regions. The pandemic has increased the need for preventive measures to prevent chronic diseases and strengthen public health”, says Fredrik Söder, Founder and CEO of Health Integrator.

In addition to a large number of angel investors, Health Integrator has previously been backed by Luminar Ventures, Leksell Social Ventures and Add Health Media. J12 is leading the new investment of SEK 20 million ahead of the next expansion phase that Health Integrator will now start. The future includes upscaling operations to more regions, more customers and in new disease areas.

Health Integrator’s solution is scalable and can be used to prevent many diseases. As a first step in making the service available to more people, the service is being launched on Benefits and Wellnet, Söderberg & Partners’ benefit portals. Health Integrator is also in talks with Apoteket AB.

Health Integrator’s digital health platform

Science and committed partners are behind the investment

The digital health platform has been developed by Health Integrator in collaboration with, among others, Friskis & Svettis Stockholm, Midnattsloppet, Apoteket, ICA Klassikern, EIT Health, RISE, Sting and GIH (Gymnastik- och Idrottshögskolan). The platform has been tested and validated in a clinical study at Karolinska Institutet.

The wellness initiative in Stockholm is the result of a collaboration between the Stockholm Region, Health Integrator, Skandia in its capacity as financier and SEB. The way the investment is financed is new and is based on a health impact bond. By preventing type 2 diabetes, you can avoid a lot of suffering and also free up large resources that can
be used to provide other types of care.

For further information contact:


Fredrik Söder, CEO, Health Integrator,

fredrik@healthintegrator.eu

072-3890090

Petra Eurenius, Communications Manager

petra.eurenius@healthintegrator.eu

0709-186562

NEWS September 6, 2021

Strong healthtech focus in Sting’s latest batch of startups – here’s the final list

Sting admits 14 carefully selected companies with pioneering solutions ranging from healthtech to sustaintech and deeptech. Six of the startups are solving some of society’s biggest health challenges.

The team behind new Sting company AndningMed, the healthtech startup helping millions of respiratory patients successfully manage their disease.

Today, 14 new startups officially joined Sting’s autumn 2021 program, six of which are healthtech startups. After a careful selection process, the companies met for the first time at Sting’s premises in A house, Stockholm. 

Over the coming months, the companies will embark on an intensive learning journey, where they’ll be challenged to grow faster with support from the largest startup ecosystem in the Nordics. Eight out of the 14 companies will also receive an immediate investment from Propel Capital.  


The new healthtech companies will be coached by Sting’s experienced healthtech trio: Johanna Wollert, Olof Berglund and Krim Talia. 

“We’ve received an incredible number of qualified applications in the healthtech space this year. The digitalisation of healthcare has made great leaps during the pandemic, and today’s patients expect a digital response. It’s really exciting that almost half of the companies we’ve taken in have innovative solutions that help both patients and healthcare professionals in everyday life. I’m also really pleased to see so many female founders, both among the healthtech startups and the other companies, “says Johanna Wollert, coach at Sting. 

Among the startups that have been accepted is AndningMed, which develops products to help patients with chronic lung disease. 
 
Petra Szeszula, CEO and Co-Founder of AndningMed, says: “A large number of patients who use inhalers daily have an incorrect inhalation technique, which leads to vital medicines not being absorbed as well as they should be. To solve this, we’ve developed a smart watch for COPD patients. It measures inhalation to ensure the optimal dose is delivered into the patient’s lungs, helping millions of people take control of their health. In the coming months, we’ll conduct clinical trials and, together with Sting’s business coaches, establish the best way to reach more chronic lung patients faster.”   

Another company joining Sting is 2HEAL, which is changing the way that healthcare is conducted. 
 
“Healthcare today has a strong focus on symptom relief through various treatments and medicines. But in the long run, this doesn’t always lead to better health. Our lifestyle, diet, stress and lack of physical activity make us sick, even though we should be healthier than ever. We started 2HEAL because we want to work with holistic methods that combine medical assessments and data analysis to identify the root cause of a person’s symptoms. With Sting’s support, we can scale the business so we can help more people obtain long-term health, both in Sweden and internationally,” says Isis Amer-Wåhlin, doctor, CEO and founder of 2HEAL. 

The selected companies all have the opportunity to receive a SEK 500,000 investment from Propel Capital, Sweden’s most active private seed investor. But perhaps most valuable is the structured coaching program and proximity to expert coaches, business angels and an international network of industry contacts and investors.  

The following companies have been selected for Sting’s program starting in the autumn: 
 
 
2HEAL  

2HEAL enables long-term health through holistic, people-centered healthcare. 2HEAL tackles ill health by treating the root cause – not just alleviating symptoms. They work with the entire patient’s lifestyle, including diet, exercise, rest and mental health.   

AndningMed 

AndningMed is helping millions of respiratory patients successfully manage their disease. Using their medical device, people can ensure they deliver the correct dose of medication into their lungs every time they use an inhaler. Similar to a smartwatch, the device tracks performance and helps improve inhalation technique, giving patients more control over their health. AndningMed was founded at KTH Royal Institute of Technology.


Attini  

Attini is an IT company that provides a serverless deployment framework for infrastructure as code (IaC). With this solution, organizations can improve the way they administrate large IT environments in the Cloud. Attini is flexible, secure and designed to automate your infrastructure. 

Certify.health  
 
Certify.health is a medical testing portal for labs, authorities and patients. Over 100 clinics are currently using the solution, as well as some of Europe’s largest laboratories. The app streamlines time-consuming processes such as uploading and delivering results – with customers reporting time savings of up to 95%.  

Din Psykolog   

Din Psykolog is a completely digital psychology service that allows people to chat with a psychologist online, anytime. It uses a smart-matching algorithm to match people with a psychologist that fits their unique situation – lowering the threshold for help and making it easier for ordinary people to see a psychologist.  
 

Dropmed  

Dropmed is Sweden’s first independent medical marketplace, where healthcare providers can customize their own platform and purchase products directly from registered medtech vendors.  
 
 
Olivia 

Olivia is a digital tool to help women track, understand and minimize menopausal symptoms. Using technology, Olivia creates evidence-based therapeutic interventions that support a healthy lifestyle and decrease menopausal symptoms. 
 

Flox  

Using AI and robotics, Flox’s solutions prevent conflict between animals and humans and enable more sustainable agriculture. Flox was founded at KTH Royal Institute of Technology.

Gårdskapital  

Gårdskapital connects farmers with investors to accelerate the transition to more sustainable agriculture. They provide a complement to bank loans for farm-businesses making responsible investments. Loan purposes focus on, for example, climate adaptation, increased local food production and regenerative farming practices.
 
 
Lifelong 

Lifelong offers plastic-free products for skin and hair care, such as hand soap, body wash and shampoo. Their innovative ‘powder to liquid’ formula comes in a paper-based, compostable bag that becomes 500 ml of liquid product when mixed with water. By sending powder instead of liquid, they reduce transport emissions by 94%. 


MDP Stockholm 

MDP (Master Data Partners) provides a global platform for the distribution, control and enrichment of product information for brands, distributors and e-retailers. With their platform, the cost and lead time for publishing products online can be reduced by 50% and 95% respectively, while at the same time enabling customers to scale up their range with higher information quality. 
 

Picapen  

Picapen is a writing platform and app that helps people create books with an AI-writing tool and book templates. Texts are automatically converted into different formats and can be printed and published worldwide with a few clicks. Members are inspired by masterclasses and digital courses, and can invite co-writers and readers to collaborate.

Reselo 

Reselo aims to lead the development and production of sustainable biomaterials that replace fossil-based plastics. Reselo’s first material to launch – Nordic Bio-Rubber – is a new biomaterial made from birch bark, which is a prevalent residual product in the Swedish forestry industry. Reselo was founded at KTH Royal Institute of Technology.

 
Syncc  

Sync is the future of experiencing and discovering music. An exclusive social music app, Syncc allows you to discover music from real people instead of algorithms and listen along together. The platform is an effective marketing tool for artists and tastemakers to engage and interact with their audience. 

NEWS August 25, 2021

Sting company EdAider receives significant investment from AcadeMedia EdTech

AcadeMedia EdTech, part of Sweden’s largest education company, has made a substantial investment in recent Sting alumni EdAider in a new strategic partnership.

AcadeMedia EdTech, part of Sweden’s largest education company, has made a substantial investment in recent Sting alumni EdAider in a new strategic partnership.

EdTech startup EdAider is an AI-based learning platform that supports evidence-based adaptive learning and teaching in both physical and virtual classrooms. The platform, which was developed by teachers and researchers, gathers important tools in one place and automates admin to enable more effective teaching.  

The details of the agreement have not been disclosed, but the partnership represents a major milestone for the company and comes with a significant monetary investment.

Jalal Nouri, CEO and Founder of EdAider, says: “The investment from Academedia, which is an important strategic actor, will significantly support us on our mission to strengthen the educational system with a next-generation platform for adaptive data-driven education. We are also very thankful to Sting and SU Holding, who believed in our mission and helped us get to this point. We’re very excited about what lies ahead for us, and are welcoming teachers and schools, as well as new recruits, to join us in further developing a learning platform that brings out the best of people and technology.”

EdAider’s founders will remain majority owners of the company with AcadeMedia EdTech being an active partner. AcadeMedia is northern Europe’s largest education company with operations in Sweden, Norway and Germany.

Anders Haesert, Head of AcadeMedia EdTech, said: “Our ambition is to find innovations that can contribute to the development of the school system. We have strong faith in Jalal and his team at EdAider and are impressed with how far they’ve come, both in terms of the technical platform and its content.”

“Now we also have a strong partner who contributes both resources and knowledge we can continue to build the school of the future with vigor,” adds Jalal.

EdAider was started in 2019 and completed Sting’s incubator program in 2021.

About EdAider

EdAider is an EdTech startup founded by researchers at Stockholm University and supported by SU Innovation, SU Holding, Vinnova and Sting. The company is currently developing AI and analytics technology for educational purposes based on state-of-the-art research. They enable data-driven decision making in schools and universities, providing a powerful platform for adaptive learning. The team’s ultimate goal is to transform current modes of mass education into personalized education.

NEWS April 14, 2021

yayloh signs new customers, closes financing round led by MatHem founder Tomas Kull

yayloh, a SaaS platform designed to help retailers own their brand after purchase, has successfully raised SEK 2.5 million in a financing round led by Tomas Kull family office. The capital will be used to further increase the pace of both product development and expansion.

Nikhil Shikarkhane and Sophie Aubard, founders of yayloh

yayloh is a SaaS platform designed to help retailers own their brand after purchase, develop a direct relationship with their buyers, and make their buyer experience memorable and distinctive. This also helps retailers gather the necessary feedback to reduce their returns, process refunds faster, increase customers satisfaction and, as a consequence, drive long-term loyalty and profitability. 

– yayloh is bringing tech and customer centricity to solve a huge problem for one of the fastest growing industries, online returns. With a really strong product and team in place we believe that yayloh will become the leading return management platform within the next five years. It will help the entire industry be more customer centric and more sustainable. It’s a great partnership whereby we can bring our expertise to match their hunger and passion. We can’t wait to work with Sophie, Nikhil and their team on this important mission,” says family Kull.  

Other strong business angels joined the round, such as Magdalena Gerger, CEO of Systembolaget, Krister and Ulrika Sundling from Divigen, and Juan Manuel Serruya, CEO of Datia.app. 

– I strongly believe that the majority of online customers just want to get the right product in the right size. Brands that focus on serving those customers perfectly and manage to turn them into die-hard fans will be the most profitable and emerge as winners. This is where yayloh enters into the picture, and, with our new partners on board, we’ll be able to further expand and offer our services to more customer-focused brands, says Sophie Aubard, co-founder and CEO of yayloh.

With a heavy focus on sustainability, coupled with a strong e-commerce growth, the yayloh platform is more relevant than ever. In addition to increasing customer satisfaction with a fuss-free return experience, yayloh helps brands to engage with their customers around their sustainability goals. 

– We see that our product is the preferred option for brands who deeply care about customer experience and how their brand is associated with sustainability. We are gaining traction in this category. We just signed with Understatement, a fast-growing female owned Swedish underwear brand that puts customer experience, inclusivity, digitalization and sustainability at the heart of everything they do, says Sophie Aubard.

The platform is also quickly gaining customers in other European markets, showing the potential of the platform to scale outside of Sweden from day 1.

About yayloh
yayloh is a next-generation post-purchase and return management SaaS platform. The platform is beautifully designed, simple to use for retailers and customers and extremely easy to integrate. It increases customer satisfaction, helps customer service teams process returns faster and better, and offers first-hand data insights to reduce returns. The two co-founders, Sophie Aubard and Nikhil Shikarkhane, combine solid backgrounds within retail and data science. The company is backed by Antler VC and Propel Capital, the investment company connected to Sting.

NEWS March 24, 2021

ihopa launches new sharing service in collaboration with Husqvarna

At Easter, the roll-out of “Grannboxen” begins, a new sharing service where neighbours are offered to subscribe to access to a packed tool cabinet that is in one of the members yard. For the first phase, homeowners in Stockholm County who want to test this new circular concept and can lend space on their lot for the box are welcome to sign up.

The team behind ihopa

From March 30, the Grannboxes will be exhibited in ten neighbourhoods around Stockholm. The box, which is filled with electric and battery-powered garden tools from Husqvarna and Gardena, as well as some household appliances, will be on the lot of one of the homeowners. For a fixed monthly fee (from SEK 99 per month), nearby neighbours can get access to all products without having to store, own or worry about maintenance.

– We know that people want to share, provided it is simple and easily accessible. With “Grannboxen”, only a few steps outside your own lot are required, and the convenience makes it attractive to share rare-use products, says Johannes Dahlberg, founder of Ihopa.

About the box

“Grannboxen” measures 1 m deep and 1.8 m wide and needs a connection to electricity to be able to charge the battery tools. Ihopa is responsible for maintenance and the hope is that it can be possible to engage experienced members for simpler procedures. Access to the box is given via a digital lock.

The tools are booked through a digital calendar. All boxes contain electric or battery-powered products such as high-pressure washing, battery-powered chainsaws, hedge trimmers, trimmers, blowers and protective equipment such as saw trousers, goggles, saw gloves and boots with saw protection. Add to that gutter cleaner, pruning shears, saw and secateurs with telescopic shaft etc. In addition, each neighbourhood can choose to add 5 products from a selection.

– We want to increase the pace of the number of sustainable solutions. This is one of several circular experiments where we try to increase the utilization rate of tools and at the same time solve the storage problem that is commonplace for many in metropolitan areas. It will also be interesting to learn if sharing can have a positive social effect, says Margaretha Finnstedt, Director Husqvarna Innovation Lab.

Registration of interest

Registration of interest to participate in the pilot is made at www.ihopa.com. The neighbourhoods that show the best attendance are assigned to the boxes. The registration period is open until April 6.

NEWS March 9, 2021

Digital sleep clinic Learning to Sleep raises 12 MSEK in new funding round

Learning to Sleep has secured 12 MSEK in funding. The money will be used mainly for expansion on the Swedish market to prepare for an IPO in late 2021. Among the investors is tech entrepreneur Daniel Soussan, founder of Insplanet.

Micael Gustafsson and Peter Boye, Learning to Sleep

–  We had 113 percent growth in 2020 and now we feel it is the right time to bring in a substantial amount of money to continue our growth and prepare for international expansion. Together with Eminova Partners, which managed the fundraise, we attracted some powerful investors and advisors, such as Daniel Soussan, who will bring a lot of knowledge to the company, especially in growth and future business models, says CEO Micael Gustafsson.

With the support of CBT psychologists, Learning to Sleep helps individuals correct their sleep problems one step at a time. Whether caused by a stressful everyday life, worrying thoughts or depression. The company was founded in 2012 and today helps over 100 people every month.

Learn more: www.learningtosleep.se

NEWS February 13, 2021

Light Flex Secures Breakthrough Order in First Responder Category

The regional police in the German State of Hessen invests in improving the safety of its officers by adding Light Flex active printed lights to new uniforms.

Light Flex has received a breakthrough order to deliver a patented active printed light system to The Hessen State Police. The Hessen State Police (German: Hessische Polizei) numbers approximately 15,500 police officers.

The active printed light system will be integrated into the new police uniforms, which will be produced by German manufacturer Ziegler Textil GmbH as part of its ZPROTECTION collection, designed especially for police and emergency personnel.

The order is a result of Ziegler Textil’s submission of a tender for new uniforms, featuring a jointly developed active light system. A tender is a common practice for businesses to win a government contract supplying goods or services to the public sector.

We are delighted that Ziegler won this tender after having worked closely with them through our Custom Light Program to provide light panels to fit the qualifications and Light Flex Sweden AB Press Release the exact shapes needed for the project.

Victoria Bäcksin, Co-Founder and CEO, Light Flex

First responder-uniforms in Europe have to meet specific safety certifications, which require rigorous field testing in different weather and light conditions. Having gone through the certification process and passed the field tests in a key region in Germany represents a major breakthrough for Light Flex.

The market for similar active light safety systems in the first responder category is expected to grow quickly over the coming years. In total, there are over 1,5 million police officers in the European Union, according to official EU statistics.

Light Flex is now in discussions with several top safety garment manufacturers and OMEs across Europe to form strategic partnerships as they upgrade their safety garment collections to feature active printed light panels to meet future market demand.

Having gone through the process and having our active printed light system accepted in the category opens up a whole new market for us. This development has the potential to save countless lives of first responders. We hope to be able to present more news about partnerships and orders in this category shortly.

Victoria Bäcksin, Cofounder and CEO, Light Flex

The first uniforms featuring Light Flex active light panels are expected to be delivered by Ziegler Textil to the police force in the State of Hessen in the second half of 2021.

NEWS February 8, 2021

7 Climate Action startups among Sting’s 14 new companies

Sting admits 14 carefully selected companies with solutions ranging from healthtech to foodtech and deeptech. Seven of the startups have a clear focus on solving climate challenges and will be part of the brand-new Accelerate Climate Action program.

The team behind the new Sting healthtech company Momentus

Backed by Sting, the most extensive startup support ecosystem in the Nordics, the entrepreneurs today kick off an intense spring during which they will be coached and challenged to reach results.

The companies that are admitted to Sting represent less than 10 percent of all applicants. Along with climate action, the companies develop solutions in areas ranging from femtech and mini-insurances, to a market place for unique plants, and a simple and secure video conferencing platform.

– It is an exciting range of innovative solutions in this group! Innovation is essential to tackle many of the challenges we face in society today, climate change in particular. Besides the big focus on climate action, we’re also happy to see that 12 of the 14 startups have mixed-gender teams, and we very much look forward to accelerating all of the companies’ growth this spring, says Jonas Lindqvist, program manager for Sting Accelerate Climate Action.

New for this year is that the investment that the companies can get from Propel Capital, the investment company connected to Sting, is raised to SEK 500,000, from previously SEK 400,000. In addition to the investment itself, the companies also gain direct access to the 40 business angels backing Propel Capital, as well as their networks. The investors can also make follow-on investments in the companies.

Furthermore, the startups receive a dedicated coach to challenge and support them in business development, and other coaches who provide specific support in financing, recruitment, team development and much more. They also gain access to the most developed investor network in Europe, which Sting has built since 2002.

The seven climate action startups will in addition have access to sector-specific mentors, and a number of climate action-specific activities and resources.

One of them is Planboo, which wants to reduce and remove emissions by investing in and planting bamboo and help businesses and individuals become net zero. The team is moving to Stockholm from the UK to be part of the program.

– The carbon market needs disrupting as it’s slow and lacks transparency. With the help of Sting, Planboo will attract like-minded businesses and investors to scale a plant-based solution that support’s smallholder farmer’s whilst rapidly capturing CO2 from the atmosphere. Over the next 5 months, we will streamline our product so that businesses and individuals can understand and engage with meaningful climate action, says Freddie Catlow, cofounder and CEO of Planboo.

Another company joining Sting, Momentus, is a team of doctors, engineers and mothers of young children that has developed an app that gives a new mother all the knowledge she needs about her own body and health after childbirth.

– We are extremely happy to have been admitted to Sting. To have a dedicated coach and get support in the areas where we lack the skills ourselves, means that we can grow and help more women much faster. We will now take the app from beta version to a launch, and with Sting’s “seal of approval”, we can more easily raise capital, further develop our product and business, and scale on our first market, says Maria Undén Morein, cofounder & CEO of Momentus.

xroom.app, which offers secure, simple and encrypted video conferencing, also joins the new batch of Sting companies.

– We applied to Sting to accelerate xroom.app’s growth and connect to one of the largest startup ecosystems in the Nordics. Now our goals are to adapt and adjust our strategies to expand our reach, improve our offerings and acquire a larger customer base, says Haza Newman, cofounder and CEO of xroom.app.

Since its inception in 2002, Sting has coached over 300 startups, which together have a company value of approximately EUR 2 billion. The companies had sales of EUR 283 million in 2019 and have raised more than EUR 603 million. Among Sting’s alumni are companies such as Yubico, Karma, Sellpy, Airmee and Surfcleaner.

The following companies have been selected for the new Sting Accelerate Climate Action:

BluCarbon – Cuts the cost for carbon capture and storage. The CCS Optimizer is a scalable SaaS tool for engineering companies to analyse and optimize carbon capture and storage systems for CO2 emitters. It reduces the number of hours put into a feasibility study by more than 50 percent and can reduce the final full CCS chain cost.

Cling Systems – The B2B market platform for used electric mobility batteries. Cling Systems develops the B2B market platform for used electric mobility batteries. The team’s unique industry experience attracts international players needing a comprehensive supply of batteries and reliable data to accelerate growth. By aggregating industry-wide data, Cling Systems is quickly becoming the world’s first decentralised and digital mine.

Earthbanc – The world’s first carbon and sustainable finance marketplace. Earthbanc marketplace tracks business carbon emissions and delivers actionable insights to achieve net-zero emissions. We support corporates and banks with their new mandatory reporting requirements, whilst de-risking businesses and loan portfolios with sustainability linked loans and advice to decarbonise businesses. Our carbon offsets for unavoidable emissions are satellite AI verified.

ihopa – Subscribe to access shared products in your neighbourhood box. ihopa lets you use better products for less money in a sustainable way. The all-inclusive subscription gives you access to premium products conveniently stored and maintained in your local sharing box. Pick up gardening machines, tools and leisure items whenever you need them and enjoy a carefree experience.

loop-it – A digital deposit system for reusable packaging and products. loop-it reduces costs and waste of single-use items and makes reusing them as convenient as a single-use. But even better, by tracking every item in use, we generate valuable data to show the environmental impact of our partners and users. loop-it brings transparency and accountability to a product’s lifecycle.

Planboo – Reducing and removing emissions, helping businesses and individuals become net zero. Planboo provides a simple and transparent solution that reduces and removes businesses’ and individuals’ carbon footprint. Investing in bamboo, we make climate action affordable and engaging. Planting bamboo with Planboo restores degraded land and supports income generation for smallholder farmers in the Global South.

Skrym – Eliminating unnecessary air in e-commerce packaging. Skrym has developed an algorithmic optimization system that both automates real-time package selection and generates an optimal set of package sizes based on actual orders and transporter fees. Combined with vehicle-level emissions models, Skrym automatically generates individual sustainability statistics for every order.

These companies are also joining Sting:

Johannas Stadsodlingar – Sustainable, circular food production. At Johannas Stadsodlingar, we design, build and operate sustainable, circular food production systems. We grow fish and vegetables in aquaponic systems. Our food production is circular, local, automated and digital. Our systems recirculate water at 99.5% and has a food transport distance of 1-3% compared to imports.

Citationsy – Referencing for people who value simplicity, privacy, and speed. Citationsy is a no-nonsense reference and bibliography tool in use by almost 300 000 students, researchers, and scholars at thousands of universities and companies. The quickest and easiest way to cite books, journals, websites and much more. 

CodeZyme – Efficient solutions for the benefit of patients and healthcare workers. CodeZyme develops solutions that relieve healthcare workers of administrative work, while improving patient access to healthcare. Our first product, Waitcure, is a digital platform where patients can reduce their waiting time by registering for an earlier appointment. WaitCure schedules cancelled appointments automatically, leading to increased efficiency for the healthcare industry.

Momentus – Your digital health guide after pregnancy and childbirth. Momentus is an app that gives new mothers all the knowledge they need about their own bodies and health after childbirth. They receive medically reviewed information, in a timeline based on time since delivery, presented in a format specifically and uniquely adapted to the needs of a new mother.

Stikkling – The world’s first marketplace for unique plants. Stikkling is the end-to-end marketplace solution designed specifically for the plant nerd. We are innovating the traditional plant industry by changing how and why plants are bought. Together with thousands of private collectors around the world, we want to make the world of green more available. Because plants make people happy!

xroom.app – Secure, simple and encrypted video conferencing. xroom.app provides the world’s first conferencing platform combining simplicity, white-labelling and privacy. Conduct online meetings in your own personalized “virtual office space” without compromising your security and anonymity via a simple-to-use platform. No logins, no downloads… even on mobile devices. Features, plugins, streaming & an API. We never have access to your real-time conversations or communications and that’s how it shall remain.

XTRA försäkring – Small ad-on insurances for any digital process. XTRA helps partners to offer mini-insurances that is supplemental and tailored to digital processes like apps, digital contracts, platforms and e-commerce checkouts.