An automatic anti-money laundering process, sustainable modular houses, safer medical tubes, programmable accessories and new financing solutions for companies – these are some of the products and services that the 14 innovative companies in the spring’s round of Sting Incubate and Sting Accelerate represent. The list of companies is announced today when the entrepreneurs meet for the first time in Sting’s offices at A house.
– It is an exciting range of innovative solutions among this group of very strong companies in B2B and B2C this time. We see interesting trends in the fintech area, where several of the companies are active, says Fredrik Rosengren, program manager for Sting Accelerate.
The companies that are admitted to Sting can get an investment of SEK 300,000 from Propel Capital, Sweden’s most active private seed investor. In addition to the actual investment, the companies also get direct access to the 40 business angels behind Propel Capital, as well as their networks.
In addition, the companies receive individual coaching in business development and financing, support in recruitment, and access to Sting’s broad international network of industrial contacts and investors. They also get free office space for six months at A house, which provides a strong community with each other and the Sting team.
Since the start in 2002, Sting has coached over 240 startups. In 2017, the companies had sales of over SEK 2.1 billion and have attracted close to SEK 4.5 billion in private capital. Sting’s alumni include companies such as Barnebys, Bioservo, DPOrganizer, Karma, Videoplaza, Volumental and Yubico.
One of the companies in this spring batch is ImagiLabs. They build a community and tools to teach more young girls to program.
– Coming from technical backgrounds, we applied to Sting to get the support and expertise we need from the business side. It was a natural choice to choose Sting because of their long experience and great track record. We are very much looking forward to working with our coaches and bringing more girls into tech, says Alexa Edström, head of marketing and communications at ImagiLabs.
The team behind Prion has developed a platform for kindergartens that lets teachers easily document children’s activities using pictures, texts and videos.
– With Sting’s help, we look forward to being able to scale our company faster. Their large network can support us in attracting both talent and capital, which will be relevant for us. We are also looking forward to taking advantage of Sting’s experienced coaches as well as other companies’ knowledge, says Fredrika Bernadotte, CEO of Prion.
The companies chosen by Sting are:
Cardia is a mobile application that offers a safer way to privately buy and sell used cars. All cars are tested at impartial car inspection stations to remove the risk of hidden errors. Through the application, users gain access to finance, warranty and insurance companies in the private market. For increased security, payment and change of ownership take place in the application. www.cardia.eu
Casablnca is a CRM system (SAAS) invented and designed for companies working with influencer marketing. The system collects, stores and evaluates all data in one place, which automates a huge part of the manual work load, allowing companies to focus on the two most important components within influencer marketing – communication and growth. www.casablnca.com
Creditive provides automated lending services to better serve SMEs. Creditive’s lending software pulls from real-time data points making the credit process more efficient, secure and fair. Powered by Big Data and AI-underwriting technology, Creditive’s core aim is to increase loan approvals, equipping SMEs with the working capital they need to grow. www.creditive.se
The Fit develops mobile 3D body scanning technology providing users with digital Body-ID:s that can be used to shop for the right size, order customized products or virtually try on clothes. By combining 3D scanning and artificial intelligence, The Fit change the online experience of the future. Helping companies reduce returns by enabling personalized recommendations for consumers. www.thefit.se
Float is a simple, quick and intuitive digital platform where small to medium-sized companies (SMEs) can receive short-term loans (1-6 months), collateralised by the assets of the company. Float combines the power of algorithms and human intuition to bring Augmented Intelligence that will transform the borrower’s experience. www.floatlending.com
Gimme Shelter aims to make architecture accessible to the masses. With unique, environmentally friendly and affordable housing solutions that can be combined, Gimme Shelter wants to help people to live and build according to their need and their wallet. Together with Sweden’s most acclaimed pioneers in environment and sustainability, Gimme Shelter is building Northern Europe’s first turnkey house that is run on fossil-free fuels. www.gimme-shelter.se
Harvest Moon develops a toilet that separates and converts the waste into plant nutrients. The volume is reduced by 90 percent, thereby making it easy to empty and transport the waste. The company’s first customers are Scandinavian vacation home owners who want aesthetic environmentally-friendly toilets that are hygienic and easy to handle. The next step is the global market where the need for waterless toilet solutions is enormous. www.harvestmoon.se
imagiLabs is building a community and tools to teach programming to girls between 12-16. They spark their interest with the ultimate accessories that can be customized through programming from their mobile phones – this way bringing self-expression, creativity, and mobile phones to the center of the experience. By enabling girls to take their first steps into the world of programming, they can be part of the first generation of a gender-equal tech workforce. www.imagilabs.se
Mendi is the world’s first brain enhancement device for home use. Mendi’s technology is successfully being used by NASA and in research to enhance the brain’s functions and capacity by over 50 percent. The company is now making it accessible for everyone to use. Mendi is for those who want to improve their mental well-being, performance and overall health. www.mendi.io
PCT is a user-friendly cloud solution designed to help organisations minimize time spent on keeping track of, following up and planning recurring tasks. The intuitive dashboard allows quick and easy setup while giving users access to audit trail functionality and powerful reporting otherwise only found in more complex systems. www.productivesolutions.se
Pliance helps companies automate their anti-money laundering processes through a powerful, flexible API that helps companies build customer screenings into their current tools and workflows. This allows companies to scale their businesses by saving them time and money that can be focused on their core product. Even smaller companies can save millions of Swedish crownes by eliminating the manual customer screenings and using Pliance’s API instead. https://pliance.io
Prion is a platform for kindergartens. Via the Prion app, teachers can easily document the children’s activities using pictures, texts and videos and make connections to the goals in the curriculum. Parents can follow their own child’s learning on a daily basis. Prion enables teachers to reduce the time spent on administration, parents to become more involved in their child’s development and further strengthen the relationship between teachers and parents. www.prionapp.com
Renbloc is a comprehensive and transparent solution for tracing and verifying sources of energy. Customers can easily keep track of when, where and how their energy is produced. Bringing purchasing power to the energy market, the conscious consumer will for the first time be able voice their energy opinion by directly and transparently choosing the origin of their energy. www.renbloc.com
TADA Medical solves the enormous, global need for safer medical tubes by eliminating negative consequences, such as patient injury, related to accidents where a tube is pulled during treatment. We are pioneering a new global standard for safer medical tubes. www.tadamedical.com