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NEWS February 11, 2019

List: The 14 new companies selected by Sting

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 BarnebysBioservoDPOrganizerKarma, 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

At FLOAT, we are pioneers of Capital-as-a-Service (CaaS) – providing small SaaS businesses with fast, easy access to founder-friendly, non-dilutive growth capital. 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

 

NEWS May 21, 2018

BlueCall secures millions in new funding – will help employers increase the wellbeing of employees


BlueCall, the app for anonymous therapeutic calls and chats, teams up with Soläng Invest, a former KING Studio Manager, and a stress researcher from Stockholm University in a new investment round. The money will be used to finance a new partnership strategy aimed at employers and health service providers.

–We are thrilled to bring even more skills into the company and now we can take the leap from being a start-up to becoming a more established company. Having research expertise in our core area, as well as experts in the field of digitization amongst the investors, we are convinced that we can strengthen our position as the service that prevents mental illness. With our anonymous solution, we lower the thresholds for individuals to dare to and want to address their situation, said Caroline Rödén, CEO of BlueCall.

The new funds will be used to finance a new strategy for partnerships with employers and health service providers. A new sales manager, head hunted by Wise Professionals and with a solid HR background, will lead the launch of the new strategy. The investment will also help BlueCall prepare to launch their service in new markets.

–As an investor, I am drawn to simple solutions to difficult societal problems and to driven founders who are determined to succeed. BlueCall has a business idea that addresses a huge and global societal problem, and a prominent issue for employers – mental health issues account for 46% of all sick leave. The company has launched an effective tool to prevent mental illness by getting the employee to act even before the situation has become serious. I am convinced that many employers will benefit greatly from this, says Anders Göransson from Soläng Invest, sometimes referred to as Sweden’s largest technology investor.

The new investors are

  • Soläng Invest, Anders Göransson
  • Fredrik Åhlberg, former studio manager at KING
  • Oddball Ventures, Ashkan Fardost
  • Helena Schiller, stress researcher at Stockholm University
  • Cecilia Storåkers Hjelmstedt

BlueCall was a part of Sting Accelerate in the fall of 2016.

About BlueCall

BlueCall was founded in 2016 by Caroline Rödén, Lisa Löfgren and Tamara Bernad. The service is an app for anonymous therapeutic conversations over phone and chat – a simple and scalable solution to the huge social problem of mental health. The vision is to help millions of people across the world to better wellbeing. BlueCall has 10,000 users and over 150 call therapists connected to the service. The company is based in Stockholm, and consists of a team of 8 people.

Press Contact

Lisa Löfgren
Lisa@bluecallapp.com
+4673 905 16 05
bluecallapp.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 April 18, 2016

Join STING Accelerate!

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The application period for the next STING Accelerate program is now open. The program round starts in August 2016, and finishes up in January 2017. Do you have what it takes to be a STING Accelerate company? 

Apply-Now

STING Accelerate is the accelerator program that gathers Stockholm’s most promising internet startups. The program provides 7-8 handpicked startups with an exclusive package of funding (300 000 SEK), tailored business development coaching, access to STING’s network of investors and partners as well as free office space at SUP46 in the centre of Stockholm.

> More about the program and the investment 

NEWS April 7, 2016

Worldfavor raises 5 MSEK to revolutionize the management of corporate sustainability data

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Having a strong sustainability profile could mean great value for a company, but no player has taken on the task to digitize and centralize all the world’s comapny sustainability data – until now. The STING company Worldfavor has raised funding to expand and secure this position: 4 MSEK from AXSU Ventures combined with VINNOVA and EU funding of about 1.3 MSEK.

Worldfavor’s cloud-based SaaS solution offers companies worldwide a radical streamlining of its management of information relating to economic, environmental and social sustainability – from collection to compilation and communication. The service can be applied both within the company and in the supply chain, and even visualized toward more and more sustainability-conscious consumers.

– The potential of Worldfavor is fantastic. Digitalizing sustainability reports is both commercially good for businesses and a way to make the world more sustainable. It will be very exciting to join the journey together with the talented Worldfavor team, says Axel Sundstrom at AXSU Ventures.

Worldfavor also releases the possibility for anyone to ask companies for their sustainability data. The vision is that all information should be digital in one place – easy to access, share, compare and analyze.

– The timing is very interesting right now. For example, there is a new EU legislation on sustainability reporting, and we want to ride that wave as much as we can. We expect to increase our user base in the category large companies to about 17,000 within three years on a global scale, says Frida Emilsson, co-founder of Worldfavor.

The product is based on international sustainability standards and already has more than 2000 member companies, including Folksam, HSB and Länsförsäkringar. The investment will mainly be used for expansion with a focus on marketing and sales. The company will also prepare for expansion into the international market.

– We are very happy to have an investor who, in addition to significant expansion capital, will contribute with experience from breaking new ground in the digitalization of a new area, and sales to large corporations. They also have a technical expertise that we value, said Frida Emilsson.

> Read more about Worldfavor

 

NEWS August 13, 2015

APPRL secures 1 million SEK

Fashion tech company APPRL raises 1 million SEK in a seed round led by the private investor Jonas Dromberg. APPRL, a STING Accelerate alumni, enables bloggers and media to monetize their traffic by forwarding the traffic to online stores.

> Read more about APPRL

NEWS October 24, 2014

5 ways to boost your STING FFW application!

Thinking about applying to the next batch of STING’s accelerator program?

Check out this blogpost with 5 useful tips to improve your chances of getting chosen for the program.

NEWS October 19, 2014

Apply to FastForward’s next batch!

The next application round for the next batch of STING FastForward, FFW_04, is now open!

For 4 months, we gather Stockholm’s most promising entrepreneurs in the Internet/media sector at SUP46 in Stockholm. We select 7-8 startups that receive an investment of SEK 250,000, close to business development support and coaching, free office space. The companies are also invited to take part of STING’s international network of investors and experts.

> Read more about the program here.
> Apply here!

Application deadline is Nov 10 at midnight.

NEWS July 15, 2014

Codarica relocates to Los Angeles for Disney and Techstars

Codarica has been selected as one of 11 companies for the mentorship and investment program Disney Accelerator, powered by Techstars. The program runs for fifteen weeks, and gives the startups access to mentorship from top Disney executives, up to $120,000 in investment capital to develop their companies as well as special access to resources from across The Walt Disney Company.

The Codarica team recently graduated from the STING FastForward program’s second batch. The startup provides digital programming material for children with help from characters Cody Coder and Holly Hacker.

We wish them good luck on this journey, and for the future!

> Read more about Disney Accelerator program
> Read more about Codarica