It has been an incredibly great year for the STING companies and the Stockholm startup community as a whole!
Since you heard from us last - in November - the STING entrepreneurs have shown strong results, which you can read more about in this letter. As for STING, we have strengthen our team with a new business coach, Karin Ruiz, who you can get to know better below.
So what do you want to read more about in the STING Newsletter in 2016, <<First name>>? Please send us an email and we will make it happen.
We wish you Happy Holidays and a Happy New Year!
Back row: Peo, Raoul, Ivar, Gisela, Göran Middle row: Agneta, Linda, Pär, Raman, Karin, Fredrik Front row: Olof, Magnus, Sara, Jill + Maria and Martin.
Aifloo quickly closes investment round
The e-health company Aifloo, currently part of STING's Incubate program, has closed an oversubscribed funding round. Now the company will finalize the technology platform and grow the team. Aifloo develops a non intrusive e-health system, based on Artificial Intelligence (AI), which increases security at home for people over the age of 65.
Gro Play, EdQu & Peppy Pals receives grants from Vinnova
Three STING companies received grants from the Swedish Innovation Agency Vinnova for projects in the digital education space. EdQu is teaming up with Kodcentrum, Spotify and Microsoft in a project to help schools teach students programming and gets 1 MSEK. Peppy Pals receives 300,000 SEK for further developing their Peppy Pals games and Gro Play was granted 620,000 SEK to develop an educational version of their upcoming family game "Grow Life" adapted for schools. The project is carried out together with Microsoft and Håll Sverige Rent. > EdQu, Kodcentrum etc. gets 1 MSEK
> Peppy Pals is granted 300 000 SEK
> Gro Play receives 620 000 SEK
Dreams closes round of 5 MSEK
Dreams, the app that helps you save money in a new and fun way, has received a 5 MSEK investment from a group of business angels, among those the former Aftonbladet CEO Anna Settman. The app is in closed beta and will be publically launched in January 2016.
Salesbox raises 2.5 MSEK
Salesbox recently closed a funding round of 2.5 MSEK with Rite Ventures. In an interview with the tech site Breakit, CEO Andreas Lalangas says the investment will go mainly toward product development. Salesbox is a mobile CRM tool, and was recently ranked as no.1 globally in Mobile CRM and Predictive CRM by an expert with 25 years of experience in reviewing CRMs.
Gleechi wins gold in Idea Challenge
Gleechi received the first prize and 40,000 Euro in the Idea Challenge 2015, in the category Cyber-Physical Systems for their high-tech software solution. The solution aims to revolutionize the way people interact with computers. Based on machine learning algorithms, the STING Incubate startup Gleechi has developed the first software to generate natural hand motion.
Worldfavor wins third prize and 75,000 EUR
Worldfavor has received the SpeedUp Europe Innovation Award, including 75,000 Euro. Selected by an international jury, Worldfavor placed third among 100 companies competing with their business concepts.
Here is the STING Super Seller winner
Airinum wins STING Super Seller of November, a monthly internal competition among STING’s current companies. During the month, the team has launched a Kickstarter campaign for their first product; a carefully designed breathing mask. The campaign reached the goal of 10 000 USD already after 24 hours, and this week the goal is reached by 400 percent.
Resrc reaches a milestone
The STING Accelerate company Resrc has signed 1 100 consulting firms in just two weeks time. After the release of the mobile app, and boosted by an article in Di Digital more than 1 100 consulting firms have joined the Resrc marketplace in just 14 days – raising the number of registered organizations from about 5 000 to over 6 100.
UNjobfinder going strong UNjobfinder continues to close large deals with leading global organisations. During November, the team closed CIMMYT, World Maritime University, Global Water Partnership, NEPConand International Training Center of the ILO. UNjobfinder also launched the possibility for users to become registered members, which so far has led to more than 6,000 conversions.
Beatly signs 1-year deal with Linas Matkasse
Beatly, which developings a fully automated influencer marketing platform (B2B) for ads on social media, recently closed a new partnership deal with their existing, and largest, client Linas Matkasse. The deal will last throughout 2016.
Billecta welcomes new partners
The STING fintech company Billecta announces two new integration partners; the recruitment system Ponty and the e-signature service Scrive. Users in Ponty and Scrive can now automate their billing based on sales triggered in Ponty or Scrive. The setup also includes automatic revenue recognition in the users accounting system.
Get Sudio for Christmas
Sudio's elegant ear phones are now available in more the 60 stores across Sweden, for example at Åhlens, Royal Design, Nordiska Kompaniet and Pause. The company has also signed new distribution partners in Singapore, Finland, Belgium and Czech Republic. If you are going to CES in Las Vegas in January Sudio will be there (booth 21812) in between 50 cent's headphone brand SMSaudio and Beats by Dre.
Midsummer's solar panels cover Tele2 Arena
Midsummer, a leading provider of equipment for cost-effective manufacturing of flexible CIGS thin film solar cells, has supplied flexible and lightweight thin film solar panels to cover the two Tele2 logos on the multi-venue Tele2 Arena in Stockholm.
Enjoy 10 million live channels
The Liveguide team is relaunching Liveguide in a 2.0 version on iOS - now with 10 million live channels. The update focuses on personalization and social integration, opening up for users to guide each other and watch together. Liveguide 2.0 is out on App Store, so go get it!
Hacking human nature for good?
Daily Bits Of has launched a new course named "Hacking human for good?" by behavioral economist Dan Ariely and his Irrational Labs. The course is for product developers who want to use findings from behavioral economics when marketing and building products. Besides being a recurring TED-talker, Dan has published three New Your Times bestsellers. Sign up for the course (for free!) here.
Codarica launches Coda Game
Calling all parents and kids - Codarica just launched Coda Game. The game is an app that teaches kids ages 6-12 how to create games, all while learning the foundations of computer science. Give them some love by downloading Coda Game. It's free and available for IOS here. Android coming soon.
Beatly opens up globally
Since summer 2015 and the launch, the Beatly platform has been available only to Scandianvian influencers. Now the team has opened their service of connecting brands with influencers for registrations from Germany, the UK, France, Italy, Australia and the US.
Challengera signs another country-wide deal
Challengera has signed a new client, a top 10 Global Car maker. The contract has been signed together with Challengera's UK partner and is for an initial period of 2 years and for the entire the UK. Up to 4,000 employees will accelerate their work through the Challengera platform.
SelfieJobs goes Spain
SelfieJobs has opened up a office in Spain, and has appointed Jens Gustafsson the Country Manager role.
Summary of Join a Startup Tech Event
On Dec 2, STING organized the appreciated Join a Startup Tech recruitment mingle event, together with KTH Innovation and sponsored by SBRD and Lunchback. Some 20 fast-growing startups met with more than 100 handpicked tech talents: developers, data scientists and designers. For this event, STING also worked with 400contacts, the portal connecting refugees with local professionals to welcome some amazing refugee tech talents for the mingle.
> Read more about the Join a Startupconcept.
Say hello to our new business coach Karin Recently, Karin Ruiz joined the STING team as business coach within cleantech and health. For more than 20 years, Karin has worked in international business development, marketing and sales management positions in both startup companies, multinational corporations and government agencies.
> Go here to get to know Karin.
Klirr winner of STING Test Drive Fintech
At the finals of STING's pre-accelerator program Test Drive Fintech, Klirr was chosen as the winner of the “Best Pitch” and awarded with 10 000 SEK by NFT Ventures. The app rounds off your purchases up to a certain amount and then invests your spare change on the stock exchange. The company was one of 12 participating companies. The goal of the program is to get more companies into the banking and finance sectors.
New STING companies
Three companies have joined STING, and our STING Incubate program, in the past month.
LuminGo is a smart grid solution company adapted to the needs of unreliable grids in emerging markets. The company offers a tailor-made solution optimized for electricity distribution companies operating in areas with high frequency of power outages and slow speed telecommunication infrastructure.
Hidn Technology Hidn Technology’s idea is to develop extraordinary technology hidden in ordinary things. The first service, hidn tempo, is an intelligent stress coach. The service includes a smart watch band that measures stress and a mobile application that analyses the information and actively coaches the user.
Light-Flex integrates safety and style by utilizing a printed active light technology, not sacrificing comfort or aesthetics to provide enhanced visibility and increased safety. The patented technology is lightweight, flexible and washable, and is easily integrated into any wearable clothing or accessory and also printable in any sophisticated shape.
Within our sphere, you’ll find companies building their businesses on the latest technologies and leveraging the opportunities of global trends.
If you are looking for a job in a dynamic and fast paced working environment - join a STING startup!
Beatly welcomes new CTO
The long-time STING entrepreneur and tech specialist Jonas Arnklint has joined the Beatly team as CTO. Jonas has a strong expertise within business development and computer science, and will be Beatly's key person to form its global, digital product portfolio.
> Get to know Jonas a bit better here