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NEWS December 13, 2018

23 million in extra investment capacity when Saminvest matches Propel Capital investors

Övre raden från vänster: Peder Hasslev (Saminvest), Erik Wijnbladh (Saminvest), Maria Ljungberg (Propel Capital). Nedre raden från vänster: Anna Ljungbergh, Lars Lindgren, Mattias Weinhandl, Anders Göransson och Boel Swartling.

Six business angels in Sting’s business angel company Propel Capital IV are the first in Sweden to get a co-investment agreement with Saminvest in an initiative where Saminvest undertakes to invest up to 23 MSEK together with the selected business angels when they make direct investments in Propel Capitals portfolio companies, as a complement to the business angels’ own investments for the same amount.

Propel Capital IV is a business angel company linked to Sting, the leading ecosystem for startups with high growth potential in the Nordic region. Propel Capital allows business angels to become indirect shareholders in a large number of promising startups. The angels also have the opportunity to make direct investments in their favourite Propel Capital companies. Saminvest has invested 8 MSEK in Propel Capital IV and, as a complement to this direct investment, Saminvest will now match the continued investments of selected business angels in Propel Capital IV’s portfolio companies.

“Our goal is to improve the growth opportunities for promising innovation companies until they become investment ready for major venture capital players,” says Peder Hasslev, CEO of Saminvest.

The selection criteria for getting a co-investment agreement include previous experience of making investments in startups, willingness and capacity to make investments going forward and that the business angel is judged to be an active and serious investor in companies she or he has backed. The six business angels who are the first to get a co-investment agreement are Lars Appelstål, Anders Göransson (via Soläng Invest), Lars Lindgren, Anna Ljungbergh, Boel Rydenå Swartling and Mattias Weinhandl.

“We are very happy that we are now live with the co-investment agreement and that our companies get even better financing opportunities. It is a highly qualified group of investors who are the pioneers in this important initiative and we hope that additional Propel Capital investors will eventually join the co-investment structure,” says Maria Ljungberg, Head of Investor Relations at Sting and Propel Capital.

Lars Lindgren is one of Sweden’s most seasoned business angels, with experience of more than 60 investments in unlisted companies. “With a co-investment agreement, a business angel can effectively double its investment volume, which will make the financing rounds less time-consuming for the entrepreneurs, thus providing for more time to what really builds value, that is, doing business,” says Lars.

Boel Rydenå Swartling, Investor and Entrepreneur, comments “It is very positive that Saminvest chooses to back business angels with the aim of contributing to the growth of young companies. With this agreement, I will be able to contribute my capital and expertise to more companies in the areas that I am passionate about, i.e. companies that have a positive impact on, for example, the environment, equality and integration,” says Boel.

“The business angels play a key role in the financial ecosystem. With this initiative, we strengthen the financing capacity of the angel investors and will in this way contribute to the growth of a number of startups,” says Erik Wijnbladh, Head of Fund Investments at Saminvest.

The management of both the investment in Propel Capital IV and Saminvest’s additional investments in Propel Capital IV companies is managed by Sting.

More information
Maria Ljungberg, Head of Investor Relations at Sting: maria.ljungberg@sting.co, 0708-36 22 31
Peder Hasslev, CEO Saminvest, peder.hasslev@saminvest.se
Erik Wijnbladh, Head of Fund Investments Saminvest: erik.wijnbladh@saminvest.se

About Saminvest
Saminvest is an investment company with the mission is to stimulate the innovation economy in Sweden by indirect investments. This implies that innovative and fast-growing companies will get improved access to both capital and active ownership. Saminvest invest together with national and international private investors on a pari passu basis and thereby increasing funding availability, risk-taking capability, investment expertise and network access. We primarily focus on emerging teams managing the venture capital and growth funds of tomorrow. Saminvest also holds two fully owned subsidiaries Fouriertransform AB and Inlandsinnovation AB.

About Sting and Propel Capital
Since 2002, Sting has helped entrepreneurs to develop their business ideas into successful growth companies. We offer startups financing, business development support and world-class networks. Sting has supported over 240 startups, of which 70 percent continue to grow and grow today. Together, all Sting companies have a turnover of over SEK 2.1 billion. In addition, they have created over 1800 jobs. Linked to Sting is Propel Capital, which since its inception in 2014 through Propel Capital I, II III and IV has invested nearly SEK 25 million in over 70 STING companies. The portfolio includes companies such as Sellpy, Signal Signal, DP Organizer, Elly Pistol, Sniph, Airinum and Sudio.

NEWS September 6, 2018

Almi Invest and Söderberg & Partners invest in the Edtech company Learnster

Almi Invest invests in the Edtech company Learnster, which develops the next generation’s learning platform for companies engaged in education or internal competence development. Söderberg & Partners also participates in the financing round. The capital will be used for further development of the platform and for continued market launch.

Stockholm-based Learnster offers a cloud-based learning platform, where trainers can design and distribute courses and educations in relevant learning environments. Learnster is suitable for both the teacher-led, physical classroom and e-learning programs and everything in between.

The learning platform contains a user-friendly design tool to easily create courses and educations, as well as functionality for publishing courses, handling course participants and course programs, automation of bookings and handling of payments.
The platform is built with state-of-the-art technology and is responsive, making it work on all types of digital devices – from computer to mobile. This enables the participant to learn on his / her terms and take part in the course content – before, during and after the training.

“Learnster facilitates lifelong learning, which is becoming more important in today’s working life,” says Jens Bäckbom, investment manager at Almi Invest. “The platform is as powerful for small educational companies as for large companies and is fully adapted to today’s and the future’s digital climate, giving the company good potential to succeed,” he continues.

Although the Learnster learning platform was launched relatively recently on the market, it has already proven itself very competitive in terms of large-scale, established systems. The customer list includes the SATSELIXIA gym chain, which is already running and uses the system for introductory training for its 8,000 employees.

“We are very pleased to welcome Almi Invest as an investor,” says Learnster’s CEO Mikael Larsson. “With the help of their capital, skills and network, we can further increase the pace of our development.”

For further information contact
Mikael Larsson, CEO of Learnster, tel 070-431 48 16, mail mikael.larsson@learnster.com
More information about Learnster can be found at www.learnster.se

NEWS September 3, 2018

Here are the 14 new Sting companies

Democratization of artificial intelligence, micro lending on equal terms, speech synthesis, ID hijackings, crowd funding of music, leisure activities, language challenges in healthcare and interpretation of radiographs are some of the areas addressed by the 14 carefully selected companies that have been accepted to Sting this autumn. The list of companies is announced today when the entrepreneurs meet for the first time at Sting’s newly opened premises at A house.

“It has been a tough selection process leading up to the start of the autumn programs,” says Karin Ruiz, business coach at Sting. “It’s a strong line up of companies that represent a wide range of exciting business ideas. We see a clear trend in an increasing number of startups that utilize the power of artificial intelligence and deep learning to tackle major challenges related to for example safety, health and climate,” she continues.

In addition to office space at A house and the network with each other and the Sting team, the companies will get individual coaching in business development and financing, recruitment support and access to Sting’s wide network of industry contacts and investors. The companies also have the opportunity to get an investment of SEK 300,000 from Propel Capital, Sweden’s most active private seed investor.

“With our new premises at A house, we now have the opportunity to run the Incubate and Accelerate programs in one place, which we believe will contribute to an even stronger Sting Community and better opportunity for the startups to exchange experiences and networks with each other,” says Fredrik Rosengren, new Program Manager of the Sting Accelerate Program.

Poki Robotics is one of the new Sting Incubate companies. The company develops task-specific robots to help businesses become more efficient and sustainable.

“Our participation in the Sting Incubate program will give us a great opportunity to scale up Poki Robotics. We are looking forward to getting to know the network and being inspired by the other companies, as well as challenging ourselves. In the spring, the goal is to sell the first robots to customers in Sweden. A challenge for us will therefore be to further develop our product with limited time and resources,” says Fredrika Kringberg, co-founder at Poki Robotics.

Fairlo, one of the new Accelerate companies, challenges the micro loan market with its service that gives people the opportunity to solve an unexpected expense with a loan on equal terms.

“We launched Fairlo in April and got off for a good start. Now we want to use the momentum we have to accelerate into 2019, with the goal of making “Vardagslånet” the obvious choice for unexpected expenses. We hope that Sting, with its solid and proven models, will help us to identify the next-generation star developers, and that the network and experience in the organization will provide great support in the international expansion of our business,” says Jimmy Hanna, CEO and co-founder of Fairlo.

Sting has coached over 240 startups since the start in 2002. The companies had revenues of over 210 MEUR in 2017 and have attracted almost 450 MEUR in private capital. Stings alumni companies include companies like Barnebys, Bioservo, DPOrganizer, Karma, Videoplaza, Volumental and Yubico.

Companies selected to Sting Accelerate
Defentry is a cybersecurity company that combats ID hijackings and hacked accounts through the use of large data acquisition, AI and machine learning. Defentry supports its customers in anticipating risks and finding new solutions that prevent intrusion and fraud with the objective of making them less exposed on the internet. Defentry also offers a personal and secure platform for its customers to monitor its data, identity and integrity. www.defentry.com

Fairlo is a TechFin startup that launches a new era for small loans. With a system based on the latest technology, Fairlo offers people the opportunity to solve an unexpected expense with a small loan at equal terms. Whoever borrows from Fairlo owns the power and can at any time pay off the loan, change the amortization plan or change the due date, all in one click and free of charge. fairlo.se

Friendtivity provides leisure activities for school kids in a new way –at home, in small groups around an interest such as music, programming or something totally different and led by an employed friendtivity leader. Via the platform , parents can seamlessly find leaders, book and pay for the activity at a very competitive price.  friendtivity.se

Signe is a digital platform for crowdfunding of concerts. Organizers, artists and fans can easily create an event and start raising money for an upcoming concert. Signe allows fans to participate and influence who organizers should book, whilst minimizing risk for the organizer to lose money on the event. Signe.io

Språk i Vården develops a medical interpretation tool for healthcare providers that reduces healthcare costs and increases effectivity while it at the same time strengthens patient safety and integrity. Our tool is available as an application for smart devices and can be used by all healthcare professionals in a broad range of healthcare situations. www.sprakivarden.se

Ugglo is a multi-lingual audio book service for kids. We combine the picture book with the audio book to create a truly fun and captivating reading experience. Thousands of kids in Sweden improve their reading and language skills with Ugglo every day. www.ugglo.se

Zenia provides high converting E-Commerce marketing traffic to webstores, helping sellers to market their products organically and through paid posts by sharing – promoting – converting. www.zenia.ai

Companies selected to Sting Incubate
DeepMed’s
vision is to redefine how radiographs (x-ray images) are being used in orthopaedics by applying artificial intelligence for the use in x-ray interpretation. With our software, built on deep learning, we support radiologist and other healthcare-professionals in detecting and classifying orthopaedic radiographs in a more efficient and accurate way. deep-med.com

Greenlytics provides data science solutions for the power industry. Our vision is to harness the power of data to create a sustainable energy future. Our first product, WindMind, is a tool that, with the help of advanced analytics and artificial intelligence, creates ultra-accurate wind power forecasts, which enables wind power producers to lower imbalance costs, increase profitability of wind power and make wind power cheaper for the consumer. www.greenlytics.io

Kavalri Games emerged from the passion for creating qualitative equestrian games. We’re developing the mobile game Equestrian the Horse game – a game which lets the player build their equestrian career from the ground up. Our players are mostly girls with an equestrian interest, and they’re passionately supporting our development. equestrianthegame.com

PerceptiLabs is a Deep Learning company developing the software QuantumNet. With a vision of democratizing artificial intelligence, QuantumNet simplifies the creation and understanding of AI-models by removing the need of programming and deep mathematical knowledge. The programming is replaced with a simple drag & drop of building blocks where the user e.g. can go into each building block and see how the AI-model learns in real-time. www.perceptilabs.com

Poki Robotics develops task-specific autonomous robots to help companies become more efficient and sustainable. The products are based on a robotics platform that is adjustable to different needs and environments. Our first product is a smart, self-navigating robot that collects golf balls on golf ranges. We offer a technical solution that includes high accuracy local positioning together with intelligent software. www.pokirobotics.com

SciPro’s Thesis Management System is an online IT-support system for management and supervision of theses at bachelor, master and PhD education levels. It allows the entire thesis writing process to be managed in a clear and structured way.  It gives students a clear methodology, supervisors a channel to communicate with students and decrease their administrative workload and school administrators a total overview. www.sciproprojects.com

TorTalk creates text to speech applications for schools, universities and workplaces.
Our end users are people with dyslexia, ADHD and those who prefer to listen to their second language. TorTalk’s software removes barriers, help increase efficiency and reduce stress for users. tortalk.se

NEWS July 3, 2018

Propel Capital IV raises 8 MSEK from Saminvest and opens for matching of business angel investments

From left: Pär Hedberg (Sting), Peder Hasslev (Saminvest), Erik Wijnbladh (Saminvest), Jens Lundström (ABI) and Jeanette Andersson (Minc)

From left: Pär Hedberg (Sting), Peder Hasslev (Saminvest), Erik Wijnbladh (Saminvest), Jens Lundström (ABI) and Jeanette Andersson (Minc)

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 follow-on investments in Propel Capitals portfolio companies.

Propel Capital I – IV are business angel companies linked to Sting, the leading ecosystem in the Nordics for startups with high growth potential. Propel Capital allows business angels to become indirect shareholders in a large number of promising startups with a relatively small capital investment. The angels also have the opportunity to make direct investments in their favorite Propel Capital companies.

“Since the start in 2002, Sting has contributed to the development of a large number of interesting companies and built a network of experienced business angels. It was therefore natural for Saminvest to have Sting and Propel Capital as part of this first investment round in incubator-based business angel companies. We are now building on this structure and we look forward to taking the concept to other parts of the country,” comments Peter Hasslev, CEO of Saminvest.

Including the investment from Saminvest, Propel Capital IV, has raised more than 20 MSEK to invest in up to 40 companies. As a complement to the investment in Propel Capital, Saminvest will also match selected business angels’ continued investments in Propel Capitals portfolio companies.

“Propel Capital has so far funded over 70 startups in Stockholm. It has made us one of Sweden’s most active private investors with great reach among entrepreneurs and investors in early stages. Through the investment from Saminvest, we now have additional resources to help entrepreneurs to realize business ideas and build more growth companies in Sweden,” says Niclas Lilja, Chairman of Propel Capital.

Saminvest’s investment initiative initially involves investments in business angel companies linked to three incubators from north to south – Sting, Minc (Malmö) and the Arctic Business Incubator (Luleå), all participants in Vinnova‘s excellence program. The aim is that these investments will soon be followed by similar investments in business angel companies linked to incubators in other parts of the country. The management of both Propel Capital and Saminvest’s additional investments in Propel Capital companies are handled by Sting.

“Business angels play a key role in funding young growth companies. In this context, today’s launch of the matching initiative, where Saminvest will match selected business angels’ follow-on investments, is extra pleasing. Sweden now get a business angel investment booster corresponding to similar initiatives in many other parts of the world,” says Erik Wijnbladh, Head of Fund Investments in Saminvest.

For more information contact:
Peder Hasslev, CEO Saminvest, 076-117 31 70
Pär Hedberg, CEO Sting, 070-855 03 18

About Saminvest
Saminvest is a venture capital company, formed by the state in 2016. Saminvest is actively working on the creation of new venture capital funds (“VC”) with sufficient qualities and long-term ability to develop the Swedish venture capital market. This is done by identifying new teams with experience in developing successful companies that manage funds that have the potential to attract private capital. Together with other investors, Saminvest will invest in these new venture capital funds, which in turn become active owners of portfolio companies in future industries.

About Sting and Propel Capital
Since 2002, Sting has helped entrepreneurs to develop their business ideas into successful growth companies. We offer startups financing, business development support and world-class networks. Sting has supported over 240 startups, of which 70 percent continue to grow and grow today. Together, all Sting companies have a turnover of over SEK 2.1 billion. In addition, they have created over 1800 jobs. Linked to Sting is Propel Capital, which since its inception in 2014 through Propel Capital I, II III and IV has invested nearly SEK 25 million in over 70 STING companies. The portfolio includes companies such as Sellpy, Signal Signal, DP Organizer, Elly Pistol, Sniph, Airinum and Sudio.

NEWS May 16, 2018

Positive opening message at Sting Day: the Sting companies’ revenues increased 40 % 2017

 

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 invited guests at Sweden’s most exclusive matchmaking event for startups and investors. 170 investors from 15 countries will be present to meet with a large number of carefully selected startups. The theme for this year’s event is sales and growth.

As a part Pär Hedberg’s introduction speech, a summary of the Sting companies’ performance during 2017 is presented.

“The figures we present here today speak their clear language, the Sting companies  contribute with jobs and export revenues to Sweden,” says Pär Hedberg. We are especially pleased that the companies’ sales growth is strong and we view the doubled company valuation as a receipt that external investors also appreciate the potential of these companies.”

Some key figures 2017 (2016 in parentheses) *:
Aggregated sales: 2.11 billion kronor (1.47 billion)
of which export revenues: 1.50 billion kronor (1.17 billion)
Number of employees: 1819 (1532)
Gender distribution in the companies: 26 % women / 74 % men
Private capital invested in the companies: 752 million kronor (649 million kronor)
Public financing attracted to the companies: 126 million kronor (209 million kronor)
Aggregated company valuation: 10.2 billion kronor (5.1 billion kronor)
* The figures are based on the 240 companies (of which 168 are active today) accepted to Sting from the start in 2002 until the end of 2017/2018.

“An area where we see improvement potential is the gender balance in our companies. The tech industry is still dominated by men, and we see that we have an important role to play in order for more women to choose work in startups. Our ambition is that at least 50% of the companies accepted to any of Sting’s programs should have at least one female founder. We also have good opportunities to contribute to the recruitment of more women through our own recruitment service,” says Pär Hedberg.

During Sting Day, the audience will listen to experienced entrepreneurs and investors who reflect on the subject of the day. About 55 of Sweden’s most promising startups present their solutions in an exhibition and entrepreneurs and investors can book “speed meetings” via a digital platform, with the aim of providing an opportunity to establish a first contact that can eventually lead to long-term relationships. Among the speakers are Niklas Adalberth, founder of Norrsken and co-founder of Klarna, Stina Ehrensvärd, founder of Yubico, Wendy Tan White, founder of Moonfruit and Hanna Meiton, Chief Growth Officer at Soundtrack your Brand.

For more information
Maria Ljungberg, Communications Manager at Sting, 0708-36 22 31, maria.ljungberg@sting.co

NEWS May 14, 2018

Elly Pistol starts US expansion – closes funding round

From left: Andreas Andersson, Emma Sund, Siah Javaheri, Cecilia de Champs and Peter Lenerius

From left: Andreas Andersson, Emma Sund, Siah Javaheri, Cecilia de Champs and Peter Lenerius

Elly Pistol, the online fashion company dedicated to the digital generation, raises 2.4 MSEK from existing and new owners and at the same time announces the recruitment of Peter Lenerius as new CEO. Peter will be taking on the challenge of commencing Elly Pistol’s establishment in North America.

Elly Pistol is a digital street wear brand launched in 2015. The company was founded by Cecilia de Champs with the goal of creating non-seasonal products. Since its inception, the brand has received a lot of attention in social media and already has customers in over 40 countries.

“Our biggest market is still Sweden, as it is the only country we have actively marketed us so far, but thanks to our e-commerce and communication with our customers through digital channels, we see that the interest for our products in the US is growing rapidly, says Cecilia de Champs, founder of Elly Pistol.

In order to meet demand from North America, Elly Pistol has during the Spring signed agreements with key distributors in both the US and Canada. The deal with the major US agent The Park Showroom will take the brand out in stores across the country.

“We see it as a strength to be able to partner with a major player as the Park Showroom. Through this partnership, we get a network of re-sellers, marketing and the possibility of physical presence in this gigantic market. We also see increased demand from home retailers and now we feel we have such a strong digital platform and online presence that it’s time for us to meet our customers in more places, she continues.

Elly Pistol has now closed a follow-on financing round of 2.4 million kronor to be used for production to meet increased demand and marketing in the United States. Investors in the financing round include JNE Invest, as well as the entrepreneur and investor Fredrik Adolfsson.

As part of the company’s expansion, the company has also hired Peter Lenerius as new CEO.

“We are delighted that Peter joins us. His experience from fast-growing companies and internationalization will be a very important addition now when we are taking the next step in our journey, says Cecilia.

“Cecilia and the team have done a fantastic job of building Elly Pistol into a strong digital brand in Sweden. There is now a great opportunity to take the company to the next level with new sales channels and markets, where we see the highest potential for rapid growth in the USA,” said Peter Lenerius.

Peter comes from a position as Nordic CEO of the California surf and lifestyle brand Hang Ten and has previously been responsible for the internationalization of the Rehband sports brand, where he worked as a global CEO.

Elly Pistol participated in the Sting Accelerate program during Spring 2017.

About Elly Pistol
Elly Pistol is primarily known for its bomber jackets jackets in different colors seen frequently seen in social media and on influencers. The company has nearly 40,000 followers in its own Instagram account.

More info
Cecilia de Champs, cecilia@ellypistol.com
www.ellypistol.com

NEWS March 26, 2018

Kinexit–the IT platform that takes training to a new level–raises millions in new funding


Kinexit is a digital platform that detects body movement restrictions, and automatically selects personalized and animated training solutions based on the chosen sport and the individual’s goals. The company has raised over two million SEK from private investors, including former NHL pro Mattias Weinhandl, to continue their expansion in the United States.

The team behind Kinexit has many years of experience in training, physiology and business development, and the company has contributed to thousands of users improvin their physique and health, since launching in since 2016. Kinexit offers personalized training for nine different sports.

“The range of intelligent and digital personalized solutions has not been keeping pace with the development in sports and training towards ever more personalized training. Many of us have consulted with a trainer or physical therapist and received a piece of pape with exercises drawn as stick figures” says Michael Dahl, former Nordic head of the golf giant Titleist and currently co-owner and COO of Kinexit.

Kinexit measures and detects body movement limitations, and based on the measurement data personalized and animated training films are automatically selected for the user and made available in their phone as a playlist for workouts.

“Our sights are initially set on the golf and rehabilitation markets. These areas have strong connections with each other, particularly in the US, and now we have the muscle to continue our expansion in this gigantic market” says Chris Månsson, CEO and co-founder.

Kinexit was one of the eight companies in the Sting Accelerate Program during the fall of 2017. Four of the six new investors are also part of Sting’s investor network Propel Capital, notably former NHL and KHL pro hockey player Mattias Weinhandl who immediately saw the potential in Kinexit’s platform.

“To me as an athlete, the need for personally designed and cost-effective training is  obvious and I can see that this is the perfect time for Kinexit’s solution, where the user gets all the training information easily and directly to their smartphone” says Mattias emphatically

For more information contact Kinexit CEO and co-founder Chris Mansson: 0709-901 699 or Chris@kinexit.com.

NEWS February 28, 2018

Söderberg & Partners invests in Learnster

Learnster, a company that develops the next generation’s learning platform for companies and educational consultants, gets a new investors in Söderberg & Partners.

Since its inception in February 2017, Learnster has developed its SaaS service for more efficient training, skills development and on-boarding of employees. Now Learnster gets a new external investor and expands the team with several key roles.

Learnster’s cloud-based service combines the physical classroom with digital formats. This increases the effect of each given educational effort, both for the teacher and for the one who will get the learning experience. Furthermore, the service is used to design and administer training in a simpler and more cost-effective way.

“There is a great demand for Learnster’s innovative solutions for education and skills development. The fact that one of our customers sees the same potential as we do, and chooses to invest is both flattering and a receipt that we are on track”, says Mikael Larsson, CEO of Learnster. “With Söderberg & Partners, we get a long-term owner with whom we can grow together”.

Gustaf Rentzhog, CEO of Söderberg & Partners, sees great potential in both the service and the market. One of the ambitions of the investment is to eventually offer Learnster’s solutions as part of the delivery to Söderberg & Partners’ own customers.

“We see great potential in our collaboration with Learnster and what we can achieve together. Continuous knowledge development is a fundamental part of managing the retirement challenge linked to the aging of our population and the need to work longer. We believe that more and more companies will demand such solutions in the future”, says Gustaf Rentzhog, CEO of Söderberg & Partners.

In connection with the investment, several key persons have been recruited to Learnster. The team is being strengthened with Marketing Manager Peter Hedström; Anette Andersson, Head of Sales and Customer Relationship; Daniel Eek, designer / UX and Michael Smietana CTO.

For more information contact:
Mikael Larsson, CEO of Learnster
mikael.larsson@learnster.com
Mobile: 070-431 48 16

NEWS February 5, 2018

Sting welcomes new companies

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 business development and financing, recruitment support and get access to Sting’s wide network of industry contacts and investors, to increase the pace of development, rapidly enter the market, and increase the chance of success. The companies also have the opportunity to get an investment of SEK 300,000 from Propel Capital, Sweden’s most active private seed investor.

“We’ve had a large number of applicants to the programs and we are very pleased to have several strong international teams among the companies accepted. The group represents a wide variety of business ideas ranging from e-commerce and digital marketplaces to a number of cloud-based services that target the business market. We are excited to get started with the entrepreneurs”, says Fredrik Rosengren, Business Coach at Sting.

Mindmore is one of the newly accepted Sting Incubate companies. The company develops digital neurocognitive tests, including The Minnemera service, a diagnostic tool initially aimed at primary and inpatient care. Sara Wallén, CEO and founder of Mindmore, has high expectations on Sting’s support:
“Sting’s long-term experience and broad competence will be valuable now that we prepare to take our service to the market. Targeting the care industry can be challenging, so we look forward to Sting’s coaching and concrete tools for establishing dialogues with our users for our future development.”

One of the new companies in the Sting Accelerate program is Bukvy, which creates smart bags and accessories for urban people in constant motion.
“We are very pleased to have been selected for Sting Accelerate and we look forward to an intense, eventful and challenging spring! Bukvy has been our inspiring hobby project over the last two years; we have satisfied customers all over the world and this is an important opportunity for us to become stronger on the online side of our business. We are looking forward to get to know the coaches and the other selected teams and to share their experience as well as the challenges ahead of us”, says Elena Ekström, co-founder of Bukvy.

Since the start of 2002, Sting has coached over 250 startups. Stings alumni include companies like Barnabys, Bioservo, DPOrganizer, Karma, Videoplaza, Volumental and Yubico.

The new companies in Sting Accelerate

Baetes develops the next-generation e-commerce platform for the fashion industry. Using the latest VR, AR and 3D scanning technologies, the company creates a brand new digital shopping experience through virtual showrooms. www.baetes.com

Bukvy creates smart bags and accessories for the urban people in constant motion. By combining multi-function and classic aesthetics Bukvy simplifies the carrying experience through items that transforms with the customers need. All items are made by hand, ethically in Europe by genuine leather of great quality and are sold through Bukvys webshop and a few carefully chosen retailers. bukvy.se/

ContentStudio is an AI-based and data-driven social media marketing suite for businesses to grow their social media presence by helping them discover, compose and share engaging content in their industry. Users can keep an eye on trending content in their industry along with analytical stats presented in a meaningful way that help them make better decisions for their content marketing and social media marketing. contentstudio.io

Cryptolens offers a state-of-the-art cloud service that makes it trivial to launch and protect any kind of software, with unique AI analytics to optimize revenue and capture untapped customer segments. cryptolens.io/

Foodla is a marketplace for you to buy and sell your organic goods in local communities – making the market more efficient, reducing food waste and promoting locally produced food which decreases transportation, mass production, and the excessive use of pesticides. getfoodla.com/

Knowlocker is a knowledge management platform for organisations large and small, helping ensure that businesses, the teams within them and external groups, such as customers, have access to the right information at the right time to achieve their goals. By giving internal teams access to the knowledge of an organisation, Knowlocker significantly improves effectiveness and efficiency of operations. knowlocker.com

Margot International transforms trade in services and equipment in the offshore and marine industries.

Suavoo is a beautytech company that provides beauty services to customers’ desired locations, such as the home, office or hotel, through a touch of an app. Suavoo’s digital platform connects freelance stylists and customers and ensures high availability. suavoo.com

The new companies in Sting Incubate

Cribble develops toys for children, developed with foundation in research in psychology and pedagogy.

Intakt will offer digital micro insurances and fundamentally change the concept of what an insurance company is. The company will offer an automated, digitalised and user-friendly solution that makes it possible to offer competitive insurances to a large number of users. Furthermore the platform will give control back to the users over their personal data.

Mindmore develops digital neurocognitive tests, including The Minnemera service, a diagnostic tool primarily aimed at primary and inpatient care. www.minnemera.se

Nutrient is a FoodTech Startup developing concepts and processes for producing climate-friendly proteins and nutrients. We aim to make a real difference by producing sustainable food in a truly circular way where nothing goes to waste. By using untapped resources and converting them into new proteins we strive to innovate the value chain from farm to table. www.nutrient.se

Qofind develops the new generation baby monitors that monitor both temperature and motion when the child is sleeping. www.parvel.se

Skillbreak is a smart social learning platform for unique local learning experiences.  All Skillbreaks are taught by experienced and interesting creative experts. We build relationships with our experts and we’re making it easy for them to showcase and share skills with their fans. skillbreak.com

NEWS November 28, 2017

DPOrganizer closes 3 MEUR Series A round led by Industrifonden

DPOrganizer raises a 3 MEUR Series A investment round led by Nordic VC firm Industrifonden. Other investors include Creades, existing owners Inbox Capital, Soläng Invest and private investors. The financing will be used to ramp up global expansion, keep strengthening the product and grow the tech team in Stockholm.

Sweden-based regulation tech company DPOrganizer offers a Saas tool that helps businesses map, visualize, report on and manage their personal data processing. The software helps businesses comply with the General Data Protection Regulation (GDPR) which comes into effect on May 25, 2018. The regulation affects any business handling personal data of European citizens. Due to the rapidly growing GDPR market, DPOrganizer has grown tenfold over the last year, both in number of employees and in revenue, and serves customers in Europe, Asia and the US.

“It has been important for us to find investors who truly understand the craft of building a business. We are very happy to get Industrifonden and Creades onboard, both of whom share our vision and can help us grow smarter and faster. Hundreds of thousands of businesses will be affected by the GDPR, and we now stand better positioned to become an important player in the market,” says Egil Bergenlind, CEO and founder of DPOganizer.

With less than 6 months to go, previous studies have shown that only 6% of UK FTSE 350 companies are completely prepared for the GDPR. A Swedish study indicates that 92 % of European companies are not at all prepared for GDPR.

“GDPR is not only about compliance, it’s about handling personal data in a way that your customers would expect you to. In short, it’s about trust. With the deadline approaching, we find that more businesses are starting to do the work needed and understand the reasons behind having to do it,” says Egil.

”We’re thrilled to join forces with DPOrganizer to meet big challenges on many markets. We are very impressed by the company’s growth so far and their strong product. What convinces us the most though is how much their customers love the product. We believe DPOrganizer has the potential to become a market leader,” says Sara Resvik, Industrifonden tech investor, who also joins the company’s board of directors.

About DPOrganizer
Data Protection Management Software company DPOrganizer was founded in Stockholm in 2015 by Egil Bergenlind, previous Chief Compliance Officer at iZettle. DPOrganizer offers a Saas solution to help businesses live, and grow, with GDPR. The company is headquartered in Stockholm, with sales offices in London and Amsterdam. Other co-founders include Sebastian Norling, CTO, previously from Viaplay, Head of Design Andreas Yannelos, previous product owner at Radioplay within Bauer Media, and Head of Sales Lelle Cryssanthander, with a background as CEO of Wineasy within Song Networks Group. www.dporganizer.com

About Industrifonden
Industrifonden is a Nordic venture capital investor, partnering with technology and life science companies with global potential. Industrifonden-backed companies include: Qlik, Oatly, Soundtrack Your Brand, Adfenix och Fishbrain. www.industrifonden.com.

Contact
Egil Bergenlind, CEO and Founder, DPOrganizer
egil.bergenlind@dporganizer.com
+46 707 25 97 09

Sara Resvik, Investment Manager and Investment Lead for DPOrganizer, Industrifonden
sara.resvik@industrifonden.com
+46 708 47 99 84