Swedish Tech News PRO April 1, 2025: Tilly, Emulate Energy, Fuzed, Vantel, Scopes, BonCalor, Tonar, Lucid Computing, Repit, Tigerq, Gilion, Caplyzer, WeTal, Saveabl., and more
Here are today's news from Sweden's startup and tech sector, exclusively for you as subscriber of Swedish Tech News PRO (and of course free of April Fool's jokes).
Mergers & acquisitions
- Tilly (Stockholm, personalized fertility support app, founded 2019) has been acquired by Singapore-based fertility services platform Rhea for an undisclosed amount (English, Swedish / Di Digital paywall). Tilly was founded by Jenny-Ann Axson Johnson and Anna Sane, and has registered SEK7.3M in total equity funding with Bolagsverket (sourced via Eivora). Among shareholders are Antler, SSE Business Lab, Propel Capital, and angels. 📊 By the end of 2023, Tilly was still mostly pre-net revenue.
Funding news
⬜️ = publicly traded
- Emulate Energy (Lund & Boston, virtual battery platform for electricity retailers, founded 2020): €5M ($5.4M) in a Series A funding round led by Helen Ventures, with participation from Enpulse and existing investors Skellefteå Kraft and Course Corrected. The company touts a 4x ARR increase during 2024 (Swedish / Rapidus paywall). On February 14, I covered a SEK45.3M partial closing of this round in the unannounced funding section. I noted that the pre-money valuation was SEK205.5M, down 4% from 2023, after Emulate Energy raised SEK32M from Course Corrected and others. 📊 For 2023, the company's Swedish entity reported net revenue of SEK1.3M, and a loss of -SEK12.2M.
