Stockholm has lengthy been famend for its innovation, sustainability and progress. So it is no shock that the most popular startups this yr have particular person and collective well-being at their core, from preventative well being apps to environmental platforms. The tech ecosystem is additional bolstered by its greatest unicorns, resembling Klarna and Epidemic Sound, that are producing a brand new batch of entrepreneurs whereas alumni of Swedish heavyweights like Spotify, Volvo and Einride are launching new startups. It’s this conflict of outdated and new that sparks innovation Stockholm-style, over espresso.
“Stockholm is the perfect metropolis to begin a brand new enterprise, on account of its robust entrepreneurial ecosystem, main training system, authorities subsidies and prime quality of life,” says Jonas Lindberg Nyvang, founding father of the start-up -up of Stilride electrical scooters.
Paper shell
This sustainable startup transforms paper into a fabric stronger than wooden. After extracting hemicellulose from vegetation and cellulose fibers from kraft paper sometimes present in packaging, they course of and bond these pure fibers within the laboratory to kind a brand new heat- and water resistant composite. Among the many startup’s prototype merchandise is the Paper°Surf, a snowboard constructed from the patented PaperShell materials. “We’re presently engaged on sports activities merchandise and inside structure to inform their aesthetic potential,” explains Anders Breitholtz, CEO and co-founder alongside Mathieu Gustafsson. Gustafsson says future large-scale manufacturing will goal sectors resembling transportation, structure, shopper items and electronics. Based in 2021, the startup raised €9.7 million ($10.6 million) and began manufacturing in spring 2023. papershell.se
Milky thread
When Nina Siemiatkowski left her job as a advertising director to turn out to be a wildlife photographer within the savannahs of Kenya, she was confronted with the speedy decline of lion populations. Returning to Sweden in 2018, she created the environmental expertise platform Milkywire to attach environmental initiatives and their supporters. “Solely 2% of donations sometimes go to environmental causes, and there generally is a lack of transparency and effectivity within the sector,” says Siemiatkowski. “But I noticed a powerful need to contribute to the surroundings and a chance to make the most of digital expertise. »
Moderately than conventional carbon credit, the Milkywire platform allows direct donations to chose portfolios of environmental initiatives, with full reporting on contributions and influence metrics. Milkywire takes 10 % of each donation. Over the previous three years, it has elevated its turnover by 200%, elevating greater than $20 million (round €18 million) in contributions to its influence funds. Entrepreneurship is on the coronary heart of the Siemiatkowski family: her husband Sebastian is the CEO of Klarna. milkywire.com
Hypertype
The typical data employee spends about 30 hours every week checking electronic mail. Teenie Fung and Beatrice Baltscheffsky’s AI-based expertise goals to cut back that determine, and the startup says it may well enhance effectivity tenfold. Hypertype retrieves staff’ most related info from their emails and paperwork and, utilizing pure language processing, can then synthesize lengthy electronic mail threads and generate auto-generated responses.
“Earlier than the discharge of ChatGPT, many corporations have been nonetheless skeptical about integrating AI options into their every day operations,” says Baltscheffsky. “Immediately, we obtain a number of requests per week to implement our fashions of their programs. Companies are conscious that they should begin working with AI, however they’re overwhelmed by all the things that’s occurring. Based in 2021, Hypertype raised $1.5 million (roughly €1.37 million) in pre-seed and angel funding from Luminar Ventures. hypertype.co
Néko
In February 2023, Spotify founder Daniel Ek opened the doorways to his new enterprise: Neko, a well being expertise firm. Situated within the coronary heart of Stockholm’s procuring district, it has a physique scanner able to accumulating 50 million information factors and 15 gigabytes of well being information in simply quarter-hour. Utilizing radar, laser, 3D and thermal pictures captured by greater than 70 sensors, Neko can display for sure sorts of most cancers, cardiovascular issues, diabetes and pores and skin irregularities, detecting abnormalities all the way down to 0.2 millimeters in only a few seconds solely.
Neko offered out greater than 1,500 45-minute appointments in lower than two hours, with greater than 10,000 individuals now on its ready record. It presently performs as much as 14 scans per day. Based with Hjalmar Nilsonne, whose earlier startup specialised in power information evaluation, Neko initially obtained $30 million in funding from Ek and his firm. funding firm, Prima Materia, adopted by investments from Lakestar, Atomico and Normal Catalyst. . nekohealth.com
FRESH SOUND
Freshsound supplies a licensing platform for commercialized songs, with pricing algorithms and proposals that enable manufacturers to create a soundtrack for his or her subsequent marketing campaign straight away. CEO Stevie Gyasi received the thought for his firm after making an attempt to pick a brief tune snippet for an advert marketing campaign and getting slowed down in pink tape. “The label instructed me I needed to contact six songwriters and negotiate with every of them,” he says. “Licensing a tune can take months, and you could get a ‘no’ from a 1% rights holder. » In Could 2023, Freshsound, launched in 2021 by Gyasi and Sara Larsson, closed a €2 million ($21.5 million) funding spherical. Freshsound.com
ENERGY OF FEVER
The everyday energy grid depends on a central provider and the top shopper – consider giant central energy vegetation that transmit era hundreds by way of lengthy distribution traces to clients throughout a sprawling area. Fever goals to allow the decentralized community. By deploying AI and connecting any sort of distributed power useful resource to the grid, it helps carry manufacturing nearer to the place it will likely be used, that means extra renewable power sources are added. Based by Ruben Flam, Jonatan Raber, Klas Johansson and Ron Stolero, Fever raised €1.6 million ($1.7 million) in seed funding in February 2023. It’s now partnering with service corporations public authorities, electrical car producers and charging station operators. fever.power
Treyd
Based in 2019 by Peter Beckman and Sameh El-Ansary, Treyd builds on a “promote first, purchase suppliers later” mannequin that thrived in the course of the provide chain disaster of 2021. It operates by honoring invoices from suppliers on behalf of companies, who can then obtain and promote their items, generate money movement and repay their mortgage inside 120 days. Freight costs could have normalized, however retailers’ money movement issues persist: excessive inflation means demand for Treyd continues to develop. It presently serves greater than 500 clients, sometimes small, direct-to-consumer companies, starting from electronics to outside manufacturers. Round 30% of its clients and income now come from the UK, since Treyd expanded there in autumn 2022. In complete, the corporate has raised round €11.3 million (12. $3 million) in funding. treyd.io
Bis
In 2015, André Eriksson was a backend engineer at Spotify when the streaming big moved to the cloud. This meant that duties immediately turned tougher, workflow turned slower, and constructing options turned tougher. So he constructed Encore as a facet challenge. By enabling cloud providers straight in software code, the end-to-end growth platform saves builders from losing hours on repetitive every day duties and the anxiousness of managing software program mismatches. the platform, from native to cloud. In 2021, Eriksson partnered with former Spotify colleague Marcus Kohlberg to launch Encore as a product, elevating €2.75 million ($3 million) in seed funding led by Crane Ventures, based mostly in London. encore.dev
Dema.ai
Based by Marcus Tagesson, Henrik Hoffman and David Feldell in 2022, Dema.ai creates real-time analytics instruments for small, direct-to-consumer e-commerce manufacturers. The B2B platform collects, cleans and enriches corporations’ enterprise indicators, together with operational profitability, in actual time. In response to Tagesson, this information “is just accessible for the highest 1% of e-commerce corporations.” Generative AI then transforms uncooked information into actionable insights, resembling predictive modeling that may counsel which stock to replenish. “Our shoppers are transferring from instinctive decision-making to a very data-driven strategy,” provides Tagesson. After elevating €4 million ($43.1 million) in pre-seed funding, led by J12 Ventures, Dema.ai launched in spring 2023, in collaboration with 15 e-commerce corporations. dema.ai
GydEd
This digital remedy service focuses on the scholar expertise: Undergraduates full a weekly check-in with a chatbot, which then transmits wellness information to campus directors, who can in flip present proactive help. App customers can even contact on-site wellness workers. “Most universities have nice assets and help networks,” says Sebastian Thomas, who co-founded the startup alongside Simon Norrman in 2020. “It is simply that college students typically do not know methods to entry them.” Since inception, GydEd has performed a pilot challenge with 4 U.S. faculties, figuring out hundreds of scholars liable to melancholy or dropping out of school. Its full launch takes place within the fall. gyded.me
This text seems within the January/February 2024 challenge of CABLE UK evaluate.
