News June 19, 2024: Lifesum, Tandem Health, Econans, GLORB, Gynius Plus, Engrate, LexEnergy, BrainZell, Centi, CQG, Wellgo, Qura, Swiftcourt, Chassis Autonomy, Clipsource, and more
Here are today's news from Sweden's startup and tech sector, exclusively for you as subscriber of Swedish Tech News PRO.
Mergers & acquisitions
- Lifesum (Stockholm, digital nutrition platform, founded 2013) has acquired German biomarker-based personalized nutrition company Lykon, which was founded in 2018. The price was not disclosed. Lifesum says it paid with a mix of equity and cash. Lykon has around 20 employees and had raised around €16M (English, Swedish / Di Digital paywall). Lifesum, whose largest shareholder is the German media company Bauer, reached profitability last year.
Funding news
⬜️ publicly traded
As subscriber of Swedish Tech News PRO you have access to the exclusive, daily updated Google Sheets which include:
・All funding rounds
・New Swedish tech startups
・Bankruptcies and shutdowns
・All funding rounds
・New Swedish tech startups
・Bankruptcies and shutdowns
- Tandem Health (Stockholm, SaaS solution for generating automated medical records immediately after a patient encounter, founded 2023): $9.5M in a seed funding round led by Northzone, with participation from Amino Collective and "angel operators from OpenAI, DeepMind", as well as the founder of Capio. In less than a year of operations, the company managed to secure more than 50 healthcare organisations in Sweden as customers. According to Di Digital, the post-money valuation was over SEK400M (English, Swedish / Di Digital paywall). Tandem Health had previously raised an undisclosed amount from angel investors. As I covered recently, there are a bunch of other young Swedish startups in the same space, such as Viviotex, Leapscribe, and XSilico AI – though Tandem Health has a clear head start.
