News May 13, 2024: Argus Eye, Nordluft, SeaPattern, LinkedClient, Spec-Imaging, Tactical Headsets, Strong Rider, Vinden, Nordic SeaFarm, Kattalo, Birds Relations, 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
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
- Argus Eye (Linköping, sensor solutions for real-time monitoring of biological systems and processes, founded 2017): €2.8M ($3M) in a funding round led by Voima Ventures, and co-led by existing investor Eir Ventures. This brings total equity funding to €3.45M (English). I recently covered the company's expansion into the US. 📊 Recent financial figures
- Nordluft (Stockholm, high-capacity drone systems for swarming and heavy loads to enable efficient and sustainable material handling in forestry and agriculture, founded 2017): SEK3M (€260K, $280K) from new investor Södra Ädla, and an undisclosed smaller amount from existing investor EIT InnoEnergy (Swedish / Impact Loop paywall, English). This is the second equity funding round for the company. 📊 For 2022, Nordluft reported net revenue of SEK1.1M and break-even result.
- SeaPattern (Linköping, developer of an AI-based system for optimizing synergy in electricity production using floating Darrieus turbines in flowing water, founded 2020): undisclosed amount from LiU Invest (English). The company has previously received grants and support from LEAD, VINNOVA and the Swedish Energy Agency, though did not register any equity funding to date. 📊 For 2023, SeaPattern reported net revenue of SEK820K, up 5x from 2022 but the same as 2021, and a break-even result.
Continue reading after the break
