2 min read Daily

News January 30, 2023: Drem, Certainli, Delibr, Alwy, Flightradar24 and more

Here are today's news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.

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Funding news

  • Drem (Stockholm; seamless solution for heat pump deployment in residential properties): SEK27M (€2.4M, $2.6M) in a pre-seed round led by byFounders, with participation from Tane Fund by Redstone and Wiski Capital (English, Swedish).
  • Certainli (Stockholm, component certificate platform): SEK3M (€270K, $290K) from angel investors including Maximilian Hermelin and Louis Hedberg. The money will be used for – among other things – the Nordic and later the European expansion. The startup was co-founded by Hidden Dreams (Swedish, no machine translation available).

>> As subscriber, you have access to my exclusive curated Google sheet with all funding rounds.

News from Swedish startups, the tech sector and VCs

  • Delibr, Stockholm-based SaaS platform for writing feature specifications founded 10 years ago, is the next Swedish tech company to enhance its service with GPT3. Newly launched Delibr AI is being described as an "AI-assisted platform for product managers" (English).
  • Alwy, Stockholm-based fintech founded in 2020, launched the iOS version of its personal finance coach for users in Sweden. Previously Alwy was only available as web-based version (Swedish, machine translation).
  • Swedish wind turbine maker SeaTwirl got the go-ahead to test its 1 megawatt (MW) S2X vertical-axis floating offshore prototype in Norway (English).

Swedish tech earnings

  • Flightradar24 (Stockholm, flight tracking service) generated net sales of SEK276 (€24.5M, $27M) during its financial year that ended on 31 August 2022 (up from SEK209M during the year before), and a profit of close to SEK200M (Swedish, machine translation).

Other interesting things from the startup/VC world & beyond

  • High interest rates are good for startups, writes Chamath Palihapitiya: "During low-rate environments we find that competition thrives, talent gets diluted, and input costs like labor and advertising go up while the individual probability of any company succeeding goes down" (English).
  • The Swedish economy shrank in Q4 (English).
  • The number of divorces in Sweden has been trending down over the past years (Swedish, no machine translation available)

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That's it for today.

Martin Weigert

Martin Weigert

Martin is the founder of Swedish Tech News. Every day he spends many hours gathering and curating the latest from Sweden's startup & tech sector. Contact: m@swedishtechnews.com
Stockholm