News Oct 9, 2024: Paebbl, Altris, Quartr, Effektify, CYVI, Graderly, Lovorda, Warpin, NoviOcean, Parking Time, Fairpoint Capital, J12 Ventures, MuchSkills, Curity, 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
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・All funding rounds
・New Swedish tech startups
・Bankruptcies and shutdowns
- Paebbl (Stockholm/Helsinki/Rotterdam, developer of carbon-negative construction material, founded 2021): €22.8M ($25M) in a Series A funding round led by German VC firm Capnamic, with participation from The Climate Pledge Fund (Amazon), global construction and materials leader Holcim, and several European industrial family offices. Existing investors 2050, Pale blue dot, and the Grantham Foundation also participated. The post-money valuation was close to SEK1B (€88M, $96M), according to Di Digital (English, Swedish / Di Digital paywall). Two years ago, Paebbl raised a €8M seed round.
- Altris (Uppsala, developer of sustainable sodium-ion batteries, founded 2017): SEK150M (€13M, $14M) in a Series B1 funding round from Clarios, Maersk Growth, and existing investors EIT InnoEnergy and Molindo. This is first tranche of a Series B funding round, and "will enable the finalization of Altris’ pilot production facility" (English). In spring 2023, Altris raised its previous equity funding, a €4.8M bridge round. And in early 2024, the startup announced a SEK77M grant from the Swedish Energy Agency.
- Quartr (Stockholm, data platform for qualitative public market research, founded 2020): €5.4M ($6M) from Silicon Valley-based VC firm Altos Ventures (English). Early this year, Quartr raised SEK30M from existing investors including Öhman and Flat Capital. 📊 I covered Quartr's 2023 numbers in June.
- Update on the SEK100M funding round raised by Holyvolt, which I covered on October 7 in the "unannounced funding" section: Impact Loop writes that the investors are FAM, Volvo Group, and existing investors Course Corrected, Jacob de Geer, and Magnus Nilsson. One other notable tidbit highlighted by Impact Loop: Gwen Sandberg, until recently Investment Director at Nordic VC firm Inventure, has left the VC world and joined Holyvolt (she describes the role only as "Commercial" on her LinkedIn profile) (Swedish / Impact Loop paywall).
Unannounced funding
