Stockholm-based electric boat maker X Shore pilots their way to €15 million

Stockholm-based modular electric boat brand X Shore has raised €15 million to propel production and industrialisation. The raise was led by Delivery Hero founder Lukasz Gadowski’s Team Europe holding company and saw participation from individual investors including Navin Thukkaram, founder and CEO of Innovation Bootcamp, and Marec Gasiun, former Head of Automotive Business Development at […]

Stockholm-based Northvolt acquires US-based battery tech company Cuberg

Swedish battery maker Northvolt has acquired US-based Cuberg, and gains access to high performance lithium metal technology that can be built upon already existing lithium-ion manufacturing lines. Specifically, those already in place and serving the electromobility market. Terms of the sale remain undisclosed. Cuberg counts Boeing, BETA Technologies, Ampaire, and VoltAero as existing customers, and […]

Sweden’s Budbee scores €52 million for its sustainable last-mile delivery service

Budbee, a Stockholm, Sweden-based ‘logtech’ startup which offers a sustainably-focused last-mile delivery service, this morning announced that it has raised 525 million Swedish krona (roughly €52 million at current exchange rates). The financing round was led by AMF, one of Sweden’s leading pension companies; it put up almost half of the cash to become one […]

Swedish gaming powerhouse Stillfront secures €365 million in financing

Stillfront, the Sweden-based company behind 16 game studios located around the globe, has secured a revolving credit facility of approx. €365 million to finance its growth. The company says the fresh credit facility, with maturity in December 2023, gives it “cost-effective financing, an increased financial flexibility, and a prolonged time to maturity”. The move supports […]

Sweden’s Estrid raises $18 million at $100 million valuation for its female razor subscription business

It’s Sunday morning, so here’s some days-old news because it was largely unreported in English-language media (except for Nordic 9) and deserves some attention. Local Swedish media reported last week that Estrid, a fledging subscription e-commerce business that sells razors “designed foremost for women and non-binary” people, has closed a funding round to the tune […]

“Video recording for really busy people”: SuperNormal scores $2 million seed round led by EQT Ventures to serve remote teams

SuperNormal, a ‘remote-first’ startup building an AI platform for business video recordings, has secured $2 million in seed funding in a round led by EQT Ventures. A number of angel investors from the Nordics – the company has roots in Stockholm – also participated, including David Helgason (Unity), Hampus Jakobsson (Pale Blue Dot), Mattias Miksche […]