Propel Capital IV, founded by Sting, is one of three selected business angel companies that raises capital from Saminvest to improve the financing and growth opportunities for its incubator and accelerator companies. In addition to the 8 MSEK investment in Propel Capital IV, Saminvest undertakes to invest together with selected business angels when they make […]
The e-mobility company CaCharge is pleased to announce the completion of a 2.1 MEUR investment round from experienced investors to expand in Europe. CaCharge’s business model makes it profitable to invest in charging points while drivers benefit from a reasonable mileage rate. The investors include Stefan Bengtsson of CSB Capital; Mikael Ahlstrom founder of Procuritas; Lars […]
YourPDi, Your Personal Digitalisation, is a new app that provides an easy, smart and safe way to get in control of, and store your valuable information and documents. Magnus Hedberg, known from TV3´s Lyxfällan, now joins YourPDi in order to expand the app to a broader audience. The app Your PDi has been founded […]
The Sting companies’ aggregated revenues increased by more than 40% in 2017 and the aggregated company valuation was doubled to now exceed 10 billion SEK. These positive figures are presented today when the the leading startup ecosystem in the Nordics, Sting, publishes its annual figures at Sting Day. Sting Day today gathers 400 personally […]
The Swedish-Australian company Orexplore has launched the world’s first fully-featured digital drilling cores laboratory – the GeoCore X10. The product, which won a Red Dot Industrial Design Award in 2017, analyzes the element concentrations and minerals contained in a drill core, as well as provides a visualization of the rock’s internal structure in 3D. What […]
Today, Sting welcomes this year’s second batch of startups to the Sting Incubate program. The five new companies represent a wide range of solutions ranging from deep PC strategy games, a digital treatment method for people with sleep problems, innovative tools for digital receipts and personal administration to an AI based food market recommendation engine. […]
Nutrient develops climate-smart food. Since its inception in 2016, Nutrient has developed a vegan product with low climate impact based on Swedish peas, Tempeh, while conducting research on using insects as raw material. Now KTH Holding AB invests in the company and becomes a partner to support Nutrient’s continued work going forward. Consumers are increasingly […]
This week Sting kicks off the Sting Accelerate and Sting Incubate programs with 14 new, carefully selected, startups. Climate-smart food, neurocognitive tests, micro insurances, an on-demand beauty service and several innovative software services focused on B2B are among the products and services that the selected companies offer. The new Sting companies will receive coaching in […]
The car wash industry challenger Woshapp has started a collaboration with car-sharing service DriveNow. Woshapp will wash DriveNow’s whole fleet of 300 cars in Stockholm. Woshapp is the car wash that comes to you with a simple push of a button on your phone. Using an environmentally friendly car shampoo adapted to the Nordic climate, […]
Tölve has raised 2.6 MSEK from investors like Anders Göransson at Soläng Invest, Softhouse Invest and former CEO of Telge, Kjell Hasslert. The capital will be used to launch the company’s self-learning sales platform and establish Tölve on the Swedish market. Tölve’s SaaS service, an AI-based “sales assistant”, helps sales professionals to identify new potential […]