News March 27, 2024: Terra Labs, Agteria Biotech, Brain Stimulation, Catch Me, Profundus, Wimt, Sportscom, I-Safety, Volta Greentech, Steep, Sejfa, Fortnox, Elk, Dibz, and more

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

Funding news

⬜️ publicly traded

• Terra Labs, initially named "Farmr (Stockholm, stealth startup that will use AI and satellite technology to monitor land in real-time from space, founded 2023): €4M ($4.3M) in a seed funding round from Norrsken VC, according to data registered with Bolagsverket (which then was confirmed and thereby quasi-announced to Di Digital). The pre-money valuation was SEK200M. The startup, which was founded by Peder Stahle and Adam von Corswant, previously raised SEK6M from CoFounded Kapital. I first covered TerraLabs (back then it was named Farmr) on July 11, 2023 – as far as I can tell, before everyone else. ➡️ Coincidentally, I just stumbled upon another new Stockholm-based startup doing a similar thing: CarbonAct. You find details on the early-stage startup tracker page, or in the Google Sheet's "new startups" list.
• Agteria Biotech (Stockholm; scalable, patent-pending feed additive "almost 100 times more affordable than red seaweed", founded 2023): €1.4M ($1.5M) in a pre-seed funding round led by Norrsken Launcher, with participation from Mudcake (English, Swedish / Di Digital paywall). ℹ️ Company details added on November 17, 2023 to the early-stage startup tracker page, and to the Google Sheet's "new startups" list.
• Brain Stimulation (Umeå, digital tools for stroke rehabilitation, founded 2011): SEK15M (€1.3M, $1.5M) from existing investors including Backing Minds, Fort Knox and Partnerinvest Norr, as well as new investors including Lars Stenlund, Seniorhusen AB, Torgny Stigbrand, and several other local angel investors. The company writes having customers in around half of Sweden's regions. It also has a contract with Oxford University Innovation, and just submitted its FDA application, to be permitted to enter the US market (Swedish, machine translation). Brain Stimulation has previously raised around SEK20M in equity funding, according to data registered with Bolagsverket (sourced via Eivora). 📊 Recent financial figures
• Catch Me (Stockholm & Katrineholm, digital fair staffing platform specializing in side jobs, founded 2022): undisclosed amount from Sörmlandsfonden and other undisclosed investors (Swedish, machine translation). In late 2023, the startup announced its first funding, amounting to SEK6.7M from unspecified "66 investors" (Catch Me operates as public limited company). ℹ️ Company details added on August 30, 2023 to the early-stage startup tracker page.
• J12 Ventures led a $1.6M pre-seed funding round raised by UK-based startup ayora, which is building "the world's first revenue management co-pilot for lawyers" (English).

Unannounced funding