Yangi, a Swedish sustainable packaging technology company, has secured SEK 40M (~€3.6M) from the Swedish Energy Agency’s Pilot and Demonstration Program to build its first full-scale demonstration plant for fibre-based packaging.
Farang, a newly launched AI research lab in Stockholm, has raised €1.5 million in seed funding to develop what it says is a new foundational AI architecture designed to outperform existing transformer-based models while using dramatically fewer computational resources.
Gothenburg-based biotech startup Seaqure Labs has secured €470K in pre-seed funding to advance its development of mycelium-based feed ingredients designed for aquaculture and animal nutrition.
Norrsken Foundation, the Stockholm-based non-profit founded by Niklas Adalberth, has rebranded its accelerator as Norrsken Evolve and announced the first close of an oversubscribed €57 million pre-seed fund.
Aira, a Stockholm-based clean energy technology company, has raised €150 million in equity financing from existing investors, including Altor, Kallskär1, Kinnevik, Lingotto, and Temasek.
Swedish AI startup Lovable has officially reached unicorn status after securing a massive €172 million ($200 million) in a Series A funding round led by Accel.
Stockholm-based Tandem Health has secured $50 million (approx. €42.6 million) in a Series A round to accelerate development of its AI-native platform for clinical workflows.
Swedish electric vehicle maker Polestar has secured a €174 million equity investment from PSD Investment Limited, a company controlled by Geely Holding Group founder Eric Li.
Stockholm-based defense startup SWEBAL has raised €3 million in strategic funding to establish Sweden’s first TNT manufacturing facility in over three decades.
