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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)

Insights April 26, 2022

BIORESTORE is out to revolutionize the way we consume fashion

Fashion production makes up 10% of humanity’s carbon emissions[1] and the production has doubled in the last 15 years. Simultaneously, the time clothing is worn before it is thrown away has fallen by around 40% [2].

The founders of Sting company BIORESTORE, one of five winners of the 2022 Global Change Awards by H&M Foundation, took on the challenge to address this critical world problem.

We spoke to co-founder Wajahat Hussain to hear more about the innovation that could revolutionize the way we consume fashion.

Congratulations on being one of five winners of the Global Change Awards Wajahat, that’s an amazing achievement! Now we’re curious to hear about BIORESTORE. What is it that you are doing?

BIORESTORE Is a product that restores old and worn-out clothes back to new in a single wash. The product is a powder that you put in the washing machine together with your worn garments, wash them at 40 degrees, and voilá, you have a practically new piece of clothing. The colors are refreshed, pilling is removed, the fabric feels tighter and softer, and prints look like new. Each treatment lasts for months!

That sounds amazing. Can you tell us a little bit about the sustainability challenges this is solving?

A lot of research within the sustainable textile field is focusing on recycling fabrics and garments. That is all good, but if you can prolong the life of clothes that are already produced, the impact will be much bigger. This can reduce carbon footprint by at least 50% [3].

Sounds like magic to me. How did you come up with the idea?

It may sound like magic, but it’s really just bioscience. As a textile engineer, I had worked in the fashion industry for 10 years before I started my master’s degree at the Swedish School of Textiles. Being the oldest student in my class, I came with experiences from having worked with a lot of different factories around the world, with fabrics, materials, and chemistry.

All research at that time was focused on questions like ‘how do we recycle textiles’, but I thought that they were missing a step. I was thinking ‘what if we could prolong the life of the garments instead of just throwing them away, or recycling them, as soon as it looks a bit worn?’

I started looking into different technologies, formulated a hypothesis, experimented a bit, and eventually had a technological breakthrough. I spent some more time converting the technology to something a consumer could use in their washing machine at home. The idea of BIORESTORE has always been to empower consumers to be able to prolong the lives of their garments and reduce waste.

How did you make the decision to start a company? How was that process?

As I mentioned, I had been working in the fashion industry for quite some time. For example, I spent three years setting up a sustainable innovation department at Gant. This is where I met Richard, my co-founder, and Creative Director. Our shared passion for sustainable fashion during lunch discussions clicked. One of the learnings was that the adoption of technology and solutions is extremely slow and most deep technologies never make it out to consumers. So, we understood that if we wanted to make this successful, we needed to make sure the product reaches the consumers. We wanted control of our direction which is not always possible if you depend on partnerships. From there it was easy to take the decision to form a company.  

How has the entrepreneurial journey been for you?

Entrepreneurship came very naturally to me. I enjoy it. There are some pros and cons, obviously, you can’t rely on a regular paycheck. On the other hand, you can do what you want, and you can make an impact much faster than you, in my experience, could if you work for someone else.

What has the biggest challenge been, putting your innovation on the market?

Initially, it was very hard to convince people that it really worked. In today’s world of photoshop, filters, and scams, a photo is not enough to build trust. Before the pandemic, we carried around fabric samples so that people could see the results with their own eyes. When we weren’t able to meet in person anymore, we started to distribute a huge number of product samples to people who could use them and then give us testimonials. We joined Sting in 2020 and by the time we graduated, we had over 100 testimonials from people who had used the product. That made it easier for new customers and partners to trust that this wasn’t a scam.

We also partnered up with a fellow Sting company, ‘Hack your closet’. They rent out garments and have a need for restoring some of the things that are starting to look a bit worn. This gave us some further recognition. And not it’s this Global Change Award, which is a real game-changer. People finally believe that this is real.

How was your time at Sting Incubate?  

Without Sting we wouldn’t have reached as far as we have today. We are not local entrepreneurs, I moved to Sweden in 2014 and my co-founder is from the UK, so it was hard for us to know where to start. Building a consumer brand requires quite a lot of skills, network, initial investments and Sting has opened many doors for us. With the help of our Sting coaches, we feel that we could make the right decisions. We ended up raising around 2.25 MSEK, which wouldn’t have been possible without Sting.  

What drives you to move forward?

Our ambition is to make BIORESTORE a global market leader when it comes to clothing restoration. We want this brand to be a household name so that people always think of restoring clothes before buying a new one. Looking at all the responses we get, we are convinced that we are on track with this mission.

Clothes are not only something we put on our bodies, but people also have many memories and emotions attached to their favorite piece of clothes. For example, I met a guy at the gym who was working out in an old Jack Daniels t-shirt. I asked him why and he told me that before he became a successful hotel owner, he worked as a bartender, and this shirt was a fond memory from that time in his life. I could see that it was totally worn so it felt good to be able to offer him to restore it.

This is just one of many stories. There is a big human element to it in addition to all the sustainability data that we can show off.  

What advice do you have to a founder in the Sustaintech area, looking to make an impact?

My strong advice to Sustaintech developers is to believe in what they’re doing. And also, to keep a healthy balance when it comes to sustainability activism and economy since finance and sustainability are closely linked together. Many times, when passionate people build their ventures, they forget that they also must generate revenues in order to get that amazing product or service out to the world.

Where can I buy the product?
We just launched a crowdfunding campaign on Kickstarter where you can pre-order your BIORESTORE products and have them delivered in August-September. After this, the product should be regularly available on our website and other marketplaces. Many thanks for your time Wajahat and good luck with the Kickstarter campaign!

[1] https://www.genevaenvironmentnetwork.org/resources/updates/sustainable-fashion/

[2] https://www.weforum.org/agenda/2019/02/how-the-circular-economy-is-redesigning-fashions-future/

[3] The mistra future fashion

NEWS February 8, 2022

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

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

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

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

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

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

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

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

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

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

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

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

Akira Science 

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

Aline 

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

Arkus 

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

Atlastica 

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

Awaio 

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

BONI 

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

Ekbacken Studios 

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

Flowtropolis 

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

Hypertype 

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

Mother 

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

NfinityMark 

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

Nobula 

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

Sizzle 

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

TeraSi 

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

Tixy.nft 

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

Vacci 

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

Vivium 

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

NEWS December 20, 2021

yayloh closes out 2021 with rapid, new partnerships, and triple revenue growth as the solution soars

The innovative loyalty-first return management solution based in Stockholm is closing out a banner year and looking forward to more wins in 2022. With new clients throughout the EU, an investment round from a renowned Swedish entrepreneur, and new collaborations enabling the platform to provide sustainable returns to its clients, the future of the up-and-coming SaaS platform is looking bright.

Founded in 2019, yayloh is a loyalty-first return management solution that puts sustainability first. Helping clients build a brand their customers will love one return at a time, the SaaS platform focuses on delivering a top-notch CX, with a user-friendly interface that’s seamless to implement. The ease of use and commitment to making returns more environmentally friendly are a few reasons customer-centric businesses all over the EU (like Swedish fashion brand House of Dagmar) are turning to yayloh to help manage their return processes.

The start of the year was kicked off strong with a pre-seed round led by Tomas Kull, founder of Swedish food delivery staple Mathem. The infusion allowed the brand to double down on its principles of delivering unparalleled customer service, with sustainability at the forefront. It also allowed yayloh to invest in its platform, paving the way for expanding into new markets, like Germany and Norway, while strengthening relations in Sweden and France—markets where the platform had already established brand partnerships. Those efforts resulted in new clients like German fashion brand 032c, a contemporary and boundary-pushing fashion and lifestyle platform, and fast-growing swimwear brand Anja Paris.

In addition to new clients, the year also saw exciting partnerships come to life, enabling yayloh to integrate with more brands in new ways. The platform has a tight collaboration with Centra, a venture-backed Swedish eCommerce platform that is pioneering composable commerce, allowing for brands like House of Dagmar and Holzweiler to integrate with both services, with ease. In addition, yayloh also participated in Zendesk’s largest startup campus Station F, based in France. This partnership allows yayloh to integrate with the CRM platform, reaching thousands of brand potentials.

While the success of 2021 was impressive, and the team is grateful for all the wins, the brand is looking forward to making even bigger strides in 2022. Sophie Aubard, co-founder and CEO of yayloh says:
“2021 has been fantastic for yayloh. Word of mouth is spreading fast about the product and we clearly see that we are the preferred option for fast-growing customer-centric brands. Our customers love the product—none of them have churned, proving the staying power of our solution. In 2022 we will focus on expansion and investing further in the platform to help our merchants increase customer retention and reduce CO2 emissions.”

yayloh is a loyalty-first return management solution that is changing how innovative brands handle returns. For more information on the platform and to read recent case studies, visit the brand here.

For all press inquiries and general information, please contact Sophie Aubard, Co-founder and CEO at sophie@yayloh.com.

Read more at  www.yayloh.com.