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NEWS September 9, 2022

Deeptech is trending as Sting kicks off 22 new startups 

Today 22 new startups begin their journey with Sting. As the founders gather for the kickoff at A-house, the trend is clear: the group of deeptech companies is bigger than ever before, and among them a large proportion are female founders and CEOs. 9 out of 10 startups with high-tech innovations have at least one female founder and 6 out of 10 deeptech startups have a female CEO.

“Together with many other players in the ecosystem, we have worked very hard to pull out quality companies within the deeptech sector for several years. Finally, we see the results of that effort! It is particularly exciting to see that, despite a common prejudice about leadership, so many talented women are proving expertise as owners and CEOs,” says Raoul Stubbe, who has coached deep tech companies at Sting since 2006.

“I’d say this is a direct result of very focused work coming for several directions; investors have shown an increasing interest in both high technology and female entrepreneurs. Big influencing partners such as Vinnova and KTH have long worked strategically to bring on more women, and here at Sting, we set the goal of improving the gender balance in our founding teams in 2017. It is incredibly inspiring to have succeeded in that ambition, uniting so many talented women in the same program,” proceeds Raoul.

This year, the quality of the applications has been so impressive, Sting decided to take on more companies than usual. Nevertheless, fewer than 15% have been accepted to the fall 22 programs.

One of the 22 startups is CelluXtreme, which makes composite materials from bio-based, renewable raw materials.

“Our vision is to provide the world with a unique material concept, based on super strong fibers from nanocellulose. We have amazing research results and through Sting Incubate Deep tech we hope to get access to the expertise and network we need to develop a high-tech company,” said Anna Wiberg, CEO and co-founder of CelluXtreme.

Another startup joining Sting this fall is Mycomine, which develops biological treatment plants where fungi break down pollutants such as oils, diesel and plastics and turn them into biomass.

“We are in an intense phase right now, where we are scaling operations from a laboratory phase, in order to meet the needs of the market. We look forward to, together with Sting, sharpening our business model, to reach established industries with a new, innovative way of thinking,” said Magnus Ivarsson, CEO and co-founder of Mycomine.

CUBO has developed a solution for storing data in DNA.

“The amount of data generated in the world keeps on growing. The way we currently store data is not only very energy draining, and it is about to reach its physical limits. DNA is among the most information-dense molecules on our planet, it is extremely stable and requires very little energy to maintain. We at CUBO look forward to, with the help of Sting, taking steps forward in order to introduce the world to data stored in DNA,” saidCynthia Perez Estrada, co-founder of CUBO.

The following 22 companies have been selected for Sting’s fall program starting this week:

Alwy

A digital financial advisor that, by the use of AI, helps consumers take control of their finances. The Alwy app compiles the finances and provides personal insights, advice and savings tips.

Beskow von Post

A bridge between waste and recycling of textiles. Beskow von Post gives textile waste new value through up-cycling and design and thus helps companies into the circular economy.

BrainZell

Lab-grown mini-brains for safer pharmaceuticals. BrainZell uses stem cell-based models that match the human brain better than that of animals. In this way, the pharmaceutical industry can test 100 times more molecules and at the same time reduce the testing on live animals.

CelluXtreme

Composite material from bio-based, renewable raw material. CelluXtreme’s unique technology spins strong fibers from 100% cellulose. The material is bio-based, renewable and produced in a water-based process using green chemistry.

CelluXtreme started at the Royal Institute of Technology with support from KTH Innovation.

DTR1

A software solution that makes it possible to expand the capacity of grid equipment and provides a greater flexibility in operation and planning. DTR1’s solution helps improve network utilization by up to 20% and can potentially lower CAPEX for new installations by up to 40%.

DTR1 started at the Royal Institute of Technology with support from KTH Innovation.

CUBO

Stores digital data in DNA. The world is approaching its physical limits for data storage, while data is being produced at an ever-increasing pace. CUBO has developed a way to store data in DNA, an opportunity to store incredibly large amounts of data, safely and sustainably.

FACING IT 

An AI-powered app that helps the user overcome fear and social anxiety. FACING IT identifies user behavior and teaches evidence-based strategies to break patterns in order to live a richer life.

FarmUp

An app that makes it easy to buy and sell locally produced food. FarmUp connects food producers directly with the end consumer. By removingdistributors within the supply chain, FarmUp helps producers become more profitable and at the same time makes it easier for consumers, restaurants and grocery stores.

Forkcast

AI-based restaurant planning for more sustainable and profitable operations. Forkcast helps restaurant managers plan better to avoid food waste, costly misstaffing and late schedule changes. This with tailored sales forecasts using AI.

Gordian

Data-driven decision support for cost-effective and future-proof transport electrification. Gordian provides charging point operators and logistics companies with tools for more optimized transport planning by analyzing millions of movement patterns.

Gordian started at the Royal Institute of Technology with support from KTH Innovation.

Mycomine

Sustainable solution for breaking down chemical waste such as oils. Mycomine offers MycoCube, a portable, biological cleaning device in which the active ingredient is microscopic fungus.

Myreload

An app that enables private individuals and companies to rent out their existing charging points for electric cars. Reload’s platform aims to become the world’s largest sharing network of public charging points.

Nock

The digital office of the future for hybrid workplaces. Nock captures the elements of the physical office that many miss when working remote, such as ad hoc communication and the sense of belonging. This transparent platform makes it possible to see when coworkers are interacting or events occur, that one may want to participate in.

OrganAise

The digital assistant of the future that guarantees user privacy. OrganAIse helps the user structure their life, both professionally and privately.

Ovulai

The first medical app to relieve chronic, gynecological conditions such as PCOS. Ovulai’s digital, evidence-based health program helps women manage gynecological problems and prevent subsequent diseases.

Ovulai started at the Royal Institute of Technology with support from KTH Innovation.

Parently

Children’s products as a subscription service. Parently is a circular platform where parents can rent children’s products. Parently takes care of delivery, insurance, return and reconditioning and then sends the products on to the next sustainable family.

Rebelwork

Makes self-employment simple.

Rebel Work simplifies the process of starting and running a company. By helping with everything from administration to finding assignments. The Rebelworks app helps customers visualize and optimize financial aspects the entrepreneur’s needs.

reCRQL

SaaS platform for the next generation of circular retail. With reCRQL, traders can operate their own trusted and data-rich secondary marketplace without having to develop their own platform.

Scriin

Smart technology to activate children and young adults in order to help find balance in a digital world. SCRIIN develops products for schools, companies and families, that inspire more physical activity and healthy digital habits.

Silo Team

Silo Team is a Technical Documentation and Developer Onboarding platform.

Sum Health

A community that, with the help of AI and NLP, can help patients share experiences and find the right diagnosis faster. Sum Health uses modern text processing on patients’ health stories to help our healthcare system gain insights and become more patient-centric.

UTI lizer

A new cost-effective, and patient-friendly way to diagnose UTI’s (urinary tract infection) that counteracts the increase in antibiotic resistance. Utilizer has developed a test for urinary tract infection that can be performed within the primary care, without having to be sent to laboratories, saving time and money, whilst ensuring that antibiotics are only used when necessary.

UTI-lizer started at the Royal Institute of Technology with support from KTH Innovation.

About Sting (Stockholm Innovation & Growth)

Announced The World’s Best Incubator/Accelerator in 2021, Sting helps entrepreneurs develop their business ideas into successful international growth companies with world-class business development support, recruitment, funding and networking. Sting has helped over 370 startups since 2002, 70 percent of which still continue to develop and grow.

Together, all Sting companies have a turnover of more than SEK 3.8 billion and they have combined created well over 3,400 jobs. The Sting companies have received more than SEK 9.9 billion in private capital.

Sting is also an active developer of the ecosystem in Sweden and co-founder of initiatives such as SUP46, THINGS, Ignite Sweden, Sweden Sustaintech Venture Day, Luminar Ventures and Propel Capital.

Sting alumni include: Yubico, Sellpy, Airmee, Surfcleaner, Midsummer, Worldfavor, Skrym and Karma, among others.

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NEWS August 10, 2022

Despite challenging investment times: Propel Capital VI succeeds to raise capital as planned

35 experienced business angels contribute SEK 15.5 million, matched by SEK 14.5 million from the anchor investor Saminvest, in Propel Capital’s latest addition Propel VI.

Alexandra Tsampikakisis one of the new angels in Propel VI

Propel Capital, Sweden’s most active private investor in tech companies, in collaboration with accelerator Sting, has since its start in 2014 invested in over 175 companies. Despite tough times on the stock exchange, interest was high, and Propel Capital VI was able to close as planned. Propel Capital invests in early-stage startups addressing important challenges especially within Sustaintech, Healthtech, Deeptech, and Digital innovation sectors.

One of Propel Capital’s success factors is the carefully selected composition of business angels. Out of the 35 investors in Propel VI, 24 have been in previous rounds of Propel, and 11 new angels have joined Propel VI

The venture capital company Saminvest is once again the anchor investor, which enables continuity and further strengthening of the ecosystem and business life in this region.

Another factor is the great follow-up investment activity from the angels and so far, over 50% of all Propel’s companies have attracted a follow-up investment from the business angels.

Alexandra Tsampikakis, the co-founder of Edtech company Ugglo, is one of the new investors.

“For me, as an entrepreneur myself and a Sting Alumni, it feels amazing to be able to support the next generation of growth companies through Propel. I am looking forward to being a part of the strong investor network that Propel offers”, said Alexandra Tsampikakis.

Another investor, Ludvig Linge, is also a board member of Propel Capital.

“Propel Capital is an incredible opportunity to gain exposure to a large number of exciting early-stage companies while also expanding my own network with other like-minded business angels. Furthermore, Propel Capital has proven that it is possible to generate returns for investors on the invested capital,” said Ludvig Linge.

Pär Hedberg CEO at Sting:

“It was incredibly important to close Propel VI, in a season where the rest of the world is on shaky ground. With such uncertain economic times, it feels good to be able to offer the companies in our programs an advanced investment as well as access to very interesting follow-up investors. It’s also very exciting that so many of our old propel angels together with anchor investor Saminvest, choose to join again. That, in combination with so many new exciting investors, is incredibly valuable to us. It’s a strong network, which is meaningful to our entrepreneurs to connect with.” More about Propel Capital: https://sting.co/investors/propel-capital/

About Saminvest

Saminvest is a venture capital company that invests indirectly and together with private capital. By investing in new funds managed by teams with sufficient qualities and a long-term perspective, Saminvest contributes to developing the Swedish venture capital market. In this way, Saminvest contributes to giving innovative and fast-growing companies access to both capital and ownership expertise. The efforts should lead to the development and renewal of Swedish business life.

More about Propel Capital: https://sting.co/investors/propel-capital/   

NEWS July 12, 2022

Changers Hub and Sting initiate a partnership to give young tech-entrepreneurs a chance to put their ideas to the test

Stockholm, July 11th 2022 – The innovation movement Changers Hub, together with leading Nordic accelerator Sting, are proud to announce that they will launch a program aiming to help young tech-entrepreneurs in their early stages, test their ideas and guide those first important steps in the direction of a successful business.

Changers Test Drive is a program where entrepreneurs between the ages of 16 and 29 who want to test their ideas and put them into practice, get support and tools in how to. Twelve carefully selected teams will be coached by the Sting coaches and participate in several workshops along the topics of ‘Test your idea + evaluate the result’, ‘How to attract consumers’, ‘Build a winning team’ and ‘Getting financed.’ 

“It’s incredibly meaningful, to get the chance to help young creatives take their ideas and put them into action. Our expertise is primarily in tech startups and pushing these smaller businesses to grow. Our competence and experience in combination with Changers Hub’s community will certainly be exciting to follow. I am excited to be part of this collaboration and cannot wait to see innovation flourish. – “ said Jonas Lindqvist, coach at Sting. 

“We continue to see a tremendous interest in tech innovation. We currently offer courses in front-end but this year we are extending that offer with the intention to support and help develop innovation in the early stage within tech.  Our community is sharp, and they are great problem-solvers and have great analyzing skills. As a community, it’s our responsibility to nurture that drive and create space and resources for these individuals. We are stoked to contribute to the ecosystem of innovation, and to do this in collaboration with Sting.” Said Neda Khezerian  at Changers Hub. 

The program is targeting members of the Changers Hub Community and is going to be a 6-week program, starting September 29th this year. 

Please submit your application no later than August 31st.  

Follow link to apply: 

https://www.changershub.se/academy-course/changers-test-drive/

About Changers Hub 

Changers Hub is an innovation lab, founded in Alby with the vision to democratize success amongst young adults. Today, Changers Hub has three locations; Alby, Kista and Hjällbo with over 1800 people in the network. Since started, young adults have been mentored in their entrepreneurship in the sub divisions, including tech, creative leading, cultural art and sports. Our way of working makes it possible for the young entrepreneur, through community to establish a strategy from idea to execution. It’s all based on an ecosystem equipping our members and cooperative members with rare competence, tools, inspirations, networking, and knowledge. 

About Sting 

Named the World’s Best Accelerator, Sting has helped build and expand startups since 2002. Access to experienced coaches, industry leaders and mentors, investment network, startup community and alumni are some of the benefits startups in the Sting program get to utilize once enrolled in the program. 

Sting has helped over 370 small startups grow into successful businesses since they started, Airmee, Sellpy, Karma, Yubiko and Sizzle just to mention a few.  

NEWS July 1, 2022

Growloop, the completely digital leadership coach of the future – has raised €1 million to further democratize leadership development.

The edtech company V3VO with its leadership service Growloop has fully subscribed its €1 million seed round to fuel its mission of helping every human live a balanced, fulfilling and viable life. With Growloop, organizations now can develop the leadership within all their co-workers and teams so that both managers and co-workers can grow together and reach meaningful results faster, on a bigger scale and at a smaller cost. Steering businesses only from the top is getting more difficult every day.

As uncertainty, ambiguity, and complexity increase in the world, everyone needs to be part of the leadership function to create meaningful results. But developing everyone in an organization through traditional leadership programs is normally an expensive and demanding process, in general not personalized for each individual or context as such.

V3VO has therefore developed Growloop, a digital leadership coach and trainer, a clever app so that everyone in a team or an organization can develop their self-leadership and leadership. This is in collaboration with others regardless of existing knowledge or leadership maturity. All to a fraction of traditional leadership programs or consultancies costs. Growloop is today being used to support leadership development in fast-paced organizations to further increase the speed of their growth journey in creating more meaningful results, faster. In several international organizations with high ambitions such as Resultify, Peltarion, and Drama Queen, Growloop has in a short time become appreciated leadership support for many of their co-workers. Recently it has been rated 4 out of 5 by co-workers in Forex, the market leader in the Nordics for travel currency exchange.

Given the challenges and opportunities we have as individuals, organizations, and the world, we need the keys to how we can thrive and grow sustainably and even regenerative. To create and reach more meaningful results together. With the new resources, we can now further equip Growloop with more growth power, new learning experiences, and AI features. At the same time we can invest in supporting growth journeys in many more European organizations. A big win for everyone, says Johan Landgren, CEO, and co-founder.

About
Growloop arises from the collaboration between leadership consultants, entrepreneurs, and investors with ambition and willingness to democratize leadership development! The driving force is the realization that with the support of digitalization and AI, what has been reserved for a few can become available to everyone. During a couple of years, several prototypes and collaborations were tested before Growloop was developed in 2021. Growloop is a product from the company V3VO – Vertical Evolution AB.V3VO is backed by 9 shareholders. The majority of owners are Co-founders and global leadership consultants Mattias Seger (CPTO) and Monica Edgren. The entrepreneur Johan Landgren is the CEO and also Co-founder. Hans Isoz, Ideabits, Jenny Rosenkrantz, Karl Wassgren, Mimmi Brandberg, Rebecka Eriksson and Sting, are all shareholders and mission friends.

NEWS June 28, 2022

Sting announces two new Sustaintech-coaches: Boel Swartling and Thomas Öström

Sting has a 20 year track record of helping entrepreneurs develop their ideas into successful impact-businesses. Reducing CO2 emission is by far one of our times most complex challenges which has resulted in a great interest in Stings Sustaintech offer. Equipping and preparing businesses with tools for such challenges has created an immense interest from entrepreneurs, investors, and partners.

Sting is now welcoming two new coaches with several years in the green transport – clean energy segment: Boel Swartling and Thomas Öström.

Boel Swartling is the founder of Charge Amps AB, initiator of Sweden Sustaintech Venture Day, and board member of four green-tech businesses:

Green Mobility, Charge Amps, MineStorage, and CCC (carbon capture company).

Additionally, Boel has been on the board of Propel 4 and 5, naturally giving her a great understanding of both founders and investors.

“I’m thrilled to be part of Sting and the coach-team, getting to mentor the next generation of successful entrepreneurs within the sustain-tech field.  I am very much looking forward to sharing my experience and network I have gained while working with Charge Amps, SSVD, and as an investor.

Other than sustainable transport solutions, I am passionate about building companies and teams, and hope that my expertise and experience as a CEO and business consultant will be beneficial to the startups at Sting,” said Boel Swartling.

Thomas Öström is a serial investor, entrepreneur, and board member who amongst many other accomplishments, founded Nasdaq-listed Climeon. 2018 Thomas was named ‘Swede of the year, Innovation’ and 2019 received an honorary doctorate in technology at Luleå Technical University. Thomas primary interest is in challenges around climate change and clean energy solutions.

“There are plenty of startups out there who can contribute to finding the solution to our challenges around climate change. However, to actually make a difference you need tools in order to excel and scale.

I am looking forward to helping these startups utilize their potential and maximize the opportunities to make a difference, through Sting,” said Thomas Öström.

With businesses like Midsummer, Cortus Energy, Cacharge, Enerpoly, Cling Systems, Evolar, Sellpy, Worldfavor, Klimato, Beleco, Surfcleaner , Skrym och Airmee in the portfolio, Sting has over the years had an immense interest in the development within the sustain-tech community. With this new addition to the coach-squad, Sting can offer a support team of talent and expertise to startups focused on solving challenges within this segment.

“At Sting, we are convinced that innovative startups play a crucial role in fighting climate change.  Adding more resources to our team is an attempt to help continue, encourage, and support more Climate Action businesses in the making. 

Clean energy and mobility are two crucial areas for us to focus on, in order to achieve our goal to limit the CO2e-emission in half by 2030.

By welcoming Boel and Thomas onboard the coach-team at Sting, we are now even better equipped than before, to accelerate startups within this specific segment,” said Karin Ruiz, Sustaintech Lead, business coach, and Deputy CEO at Sting.

NEWS June 15, 2022

12 up-and-coming startups pitched on Sting Demo Day

12 Startups pitched their business ideas during the spring edition of Sting Demo Day to 150 investors and other invited guests.

At Sting Demo Day, startups having gone through Sting Accelerate and Sting Incubate, get the opportunity to present their companies, ideas, and future plans to a highly qualified audience of investors.

The graduating companies offer solutions in a wide range of areas, such as Femtech, Edtech, Healthech, AI, Web3, Foodtech, and SaaS solutions for several different industries. How about, for example, a computer-driven learning platform, an app for menopausal women, NFT tickets or a staffing platform for healthcare?

“It’s always special to see our graduating companies on stage, even 20 years after we started. In total, 382 startups have gone through Sting’s programs, and Demo Day is an important event for founders to build on their network of investors and partners for the future,” said Pär Hedberg, CEO, and founder of Sting.

Hypertype was the winner, a platform that with the help of AI helps sellers write smarter emails, was voted the best pitch by the Demo Day audience.

“It was incredibly fun to be on stage last night and what an honor to be voted as the winning pitch! The support we have received from Sting in everything from solving complex problems, leadership issues and to scaling up the company, has been fantastic. Our product is not the classic AI solution and Sting understands and shares our view on how we want to build our product in a completely new area. The investor network that Sting has is invaluable and has given us a flying start from the beginning. It was great to meet so many here tonight!, ”said Teenie Fung, co-founder and CEO of Hypertype.

The companies that participated during STING Demo Day were:

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.   

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.

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. 

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.  

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.

Momentus

A world leading service for recovery after pregnancy and childbirth. With new mothers’ health as our primary focus, Momentus offers an evidence-based, digital support service. Created by medical professionals, Momentus supports and offer guidance to new mothers during the first year of recovery after childbirth.

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.  

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. 

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.    

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

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 June 8, 2022

Climate Fintech, and Sting alumni, Datia raises $3.4M to simplify investors’ transition to sustainable finance

– The global ESG reporting market is growing rapidly and is expected to grow at a CAGR of 17% to Reach $16 Billion by 2027.

– Datia streamlines the ESG workflows allowing for easy understanding of the impact of portfolios, regulatory reporting and pre-trade screening

– The company has a customer based of asset managers representing in excess of $100 billion AUM

Datia founders: Juan Manuel Serruya and Manne Larsson

Sting alumni Datia, a fintech company on a mission to simplify investors’ transition to sustainable finance, has announced that it has raised $3.4M in a Seed funding round led by pan-European venture capital firm Nauta Capital, with participation from Accel Starter Ramzi Rizk, Zenloop’s founder Paul Schwarzenholz, Söderberg & Partners and Sting.

Datia’s platform performs sustainability calculations for hundreds of data points like carbon footprint, gender pay gap and energy usage on companies and funds. The company works with asset managers, wealth advisors, and platforms, allowing for measuring the impact of portfolios, regulatory reporting, and screening. Datia’s platform features hundreds of data points for over 600,000 financial instruments and 200,000 funds.

Since the launch of its platform in 2020, Datia has onboarded an impressive roster of clients including Spiltan Fonder, Alcur Fonder and Atlant Fonder, bringing their assets under management to over $100 billion.

Listed as one of SiftedEU’s Swedish companies to watch in the green fintech space, the funding will support its plans of scaling across Europe, hiring key talent, expanding its efforts to include wealth advisors and neo-bankers. It will also help to accelerate research and development of its ESG tools and sustainability data.

Juan Manuel Serruya, Founder and CEO of Datia, claims, “Our purpose is to support investors in their sustainability work, old-school ESG ratings aren’t enough anymore. Increasingly the challenge is integrating real, hard data into the investment process, complying with rapidly changing regulations and client demands for sustainability. Investors face challenges collecting hundreds of ESG data points, incorporating them into their investment process and complying with complex regulatory client demands. Datia is an investor-first solution for that.”

The global ESG reporting market is growing rapidly and is expected to grow at a CAGR of 17% to reach $16 billion by 2027. At the same time, the number of sustainable finance regulations and policy interventions is also accelerating, putting pressure on investors to meet market and regulatory demands.

Guillem Sague, Berlin-based Nauta Capital Partner and recently appointed Datia board member, adds: “ESG can have a positive effect on the financial performance and reduce overall risk. Datia’s ability to help the investor with ESG data, means less of a headache and more transparent analysis. Ultimately, it brings the investor forward into the future of sustainable finance.” 

About Datia

Datia is a climate fintech company on a mission to empower investor’s transition to sustainable finance. Founded in 2019 by Juan Manuel Serruya and Manne Larsson and headquartered in Stockholm, Sweden, Datia has a customer network with over $100B assets under management (AUM).

For more information, visit https://datia.app

About Datia’s Founders

Juan Manuel Serruya is the founder and CEO of Datia. Previously he was an early employee at Spotify as Head of Engineering for Creator Studio, an R&D group consisting of 5 product development teams with a wide portfolio of industry facing platforms including Spotify for Artists, Spotify for Podcasters, new artistic expression and storytelling formats for artists and their teams.

Manne Larsson is the founder and COO of Datia. Previously worked at venture capital firm EQT Ventures as an investor, and was employee #2 and VP of Business Development at InsiderLog, a Market Abuse Regulation SaaS solution that was acquired by Euronext in 2016.

About Nauta Capital

Nauta Capital is a Pan-European Venture Capital firm investing in early-stage technology companies, with offices in London, Barcelona and Berlin. With over half a billion assets under management and a team of 24 people, Nauta Capital is one of Europe’s largest B2B focused VCs. As a sector-agnostic investor, Nauta’s main areas of interest include B2B SaaS solutions with strong network effects, vertically focused enterprise tech transforming large industries as well as those leveraging deep-tech applications to solve challenges faced by large enterprises. Nauta has led investments in more than 60 companies including Brandwatch, Kubermatic, appfollow, Onna, insureQ, zenloop, Mishipay, and Holded.

Find out more at www.nautacapital.com

For media enquiries contact: Claudia Urquiola (claudia.urquiola@nautacapital.com)

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.