Easy to use and secure encryption, smart spoken media coverage and coherent personal information management are some of the digital products offered by this fall’s eight new STING Accelerate companies. All startups receive 300 000 SEK from Propel Capital, the investment company that invests solely in STING companies, in order to further accelerate growth.
More than 170 Internet companies applied for the eight places in the seventh round of the accelerator program STING Accelerate. The selected group of Sweden’s most promising startups will during 20 weeks receive intensive coaching by STING to increase the speed of development, faster enter the market and increase the chance of success.
– The starting field is the strongest in a long time, if not ever. Behind the startup companies are several serial entrepreneurs and people with years of relevant industry experience from companies like iZettle, MTG/Viaplay and Bauer Media, says Peo Nilsson, business coach and program leader of STING Accelerate.
All companies accepted to STING Accelerate receive an investment of 300 000 SEK from STING’s investment platform Propel Capital, which consists of some 30 renowned Swedish business angels.
One of the companies, AxCrypt, provides a simple and secure encryption solution and was recently selected the “Editors’ Choice for Encryption” by PC Magazine.
– We want to get the right tools to turn AxCrypt into a global success. STING has the expertise and experience we need in terms of market strategies and recruitment support, and knows what the success factors are for growth and conversion of users into paying customers, says Zebastian Victorin, co-founder and CEO of AxCrypt.
Another startup, BlueCallApp, is an e-health company that has taken up the fight against the growing mental health problems in the community by offering easily accessible counseling in an app for people in need.
– We chose STING to optimize and streamline BlueCall’s launch. We believe that the 20 weeks together with STING will be very valuable to our company’s continued growth and success, says Caroline Rodén, CEO and co-founder of BlueCall.
In addition to coaching in business development and financing, the eight STING Accelerate companies receive support in recruitment and communication, as well as access to STING’s wide network of industry contacts and investors. While in the program, STING provides the companies with free office space at the internet hub SUP46 in central Stockholm. In January, the program ends with a Demo Day, where the companies will present their businesses to exclusively invited investors, potential partners and journalists.
The following eight startup companies make up the fall round of STING Accelerate:
Media coverage of the world’s spoken media. With prominent machine learning technology, we help brands to understand their presence in podcasts, YouTube, radio and television. http://twitter.com/allinsightshq
AxCrypt offers safe handling of files for you and your team. Their encryption solution is easier to use than any other technology on the market. Downloaded over 20 million times and was recently selected the “Editor’s Choice for Encryption” by PC Magazine. www.axcrypt.net
BlueCallApp is an e-health company that has taken up the fight against the growing mental health problems in the community by offering easily accessible counseling to people in need. A simple, affordable and anonymous ways to get support through an app. www.bluecallapp.com
DPOrganizer helps you gain control of your company’s handling of personal data and to follow new EU regulations that threatens with soaring fines. The team, which comes from eg iZettle, Viaplay/MTGx and Bauer Media, provides a tool that creates a comprehensive, detailed and updated mapping of your organization’s processing of personal data. www.dporganizer.com
Drool is a niche shopping app for fashion and accessories with prices in a class by itself. The company connects factories and wholesalers in Asia with consumers in the West and presents the products tastefully and personally. http://getdrool.co
Musqot is a cloud service within MPM – Marketing Performance Management. Customers are marketing departments that want to optimize the efficiency of the internal planning while increasing the impact of their marketing activities, to achieve greater marketing ROI. Musqot has clients all over Northern Europe and in the US and Canada. www.musqot.com
Simply Events allows event organizers to easily create a digital presence for their events. The Simply Events platform provides reliable and versatile tools for managing all processes, from ticket sales to the monitoring and analysis, so that the organizers can focus on creating unique events and share their passion for what they do. www.simplyevents.io
TPH Market Place is not “yet another online marketplace”. We will become a global player within sustainable commerce. Our first product, “The Pasta Haters” app, gives you access to sustainable fashion around the world and connects you with second-hand shops, brands and vintage boutiques. Our “throwaway” mentality must change – we help you do it easily. www.thepastahaters.com
> Read more about STING Accelerate