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Latest news from the Sting world.
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Propel Capital raises its investment to SEK 500 000
 
Propel Capital, the investment company linked to Sting, increases the sum of its investments in the Sting companies from SEK 400,000 to SEK 500,000. 
"We are in a challenging time, with a lot of uncertainty about how the opportunities for raising capital in the earliest stages will develop. Against this background, we are pleased to be able to increase the investment amount from Propel Capital to give our companies more time to build their companies before they bring in additional private capital."
Maria Ljungberg, CEO of Propel Capital

 
Sting launches new Climate Action accelerator- applications open

For the first time, Sting is starting a thematic accelerator program. This spring, six startups that focus on one of the greatest challenges our planet is facing – climate change – will during the new Accelerate program get access to sector-specific business coaches and mentors, and a number of climate action-oriented activities and resources. We are now welcoming applications to Sting Accelerate Climate Action!
 
Read more and apply by 1 December
Sting company highlights
Mendi breaks record. Has raised SEK 31 million! 

Brain training for home use is the biggest Swedish crowdfunding success ever. In total, the startup company Mendi has raised SEK 31 million and sold 10,000 headbands. "In a few weeks, we will start sending out the products," says CEO Moha Bensofia.
 
Gigital competes in pitch competition Female Founders

In early 2020, the artist booking service Gigital did better than ever, but lost almost all its customers when the pandemic took off. "It gave us time to develop the marketplace," says co-founder Viktoryia Khromchanka, one of six competitors in Di Digital's pitch competition Female Founders.
 
  • Fintech company Datia, will help the financial industry cope with the EU's new sustainability requirements - backed by Söderberg & Partners, which is both a new customer and a new partner in the company.
  • Prostatype Genomics AB (prev. Chundell Medicals), the company behind the prognostic gene test Prostatype, was listed on Nasdaq First North on November 3.
  • In the footsteps of Covid-19, Beleco quickly had to switch from short-term rental of furniture to furniture subscriptions. A quick move that was mentioned in Dagens Handel and Aktuell Hållbarhet. 
  • Many companies want to prevent mental health issues with healthtech company BlueCall in these uncertain times! New customers include Kicks, Storytel and De Lage Landen. 
  • New faces on board at regtech company Clever Compliance.
  • Telcred is now integrated with face recognition solution from Precise Biometrics.
  • A spark of life - MediCheck opens a national clinic to help couples that struggles with infertility. 
  • Ugglo has reached the milestone 10 million ARR and is now launching its fourth product aiming to create a world class educational reading and listening experience for kids 15 and above. 
  • Gleechi launches a new product for collaborative training in VR with Siemens and ATOS. Gleechi also has secured partnerships with Saab Aeronautics and Siemens Energy.
  • Brighter receives market approvals for its pioneering diabetes management service Actiste® in the UAE and KSA. To top that they also won the Healthtech Unicorn Battle Europe.
  • Health tech company Challengize, specialized in corporate digital health and wellbeing, have launched a charity race in the Run Corona virtual series, and will donate the money to Barncancerfonden. 
  • Mindmore wins at Health Tech Pitch Day arranged by Di Digital, featuring the most innovative health tech companies. 
  • Healthtech company Tilly launched a new product - Tilly Fertilitetskoll. A tool for women to proactively understand their fertility and ask better questions.
Sting highlights
We are finalists in the category Best Accelerator or Incubator Program!

With a solid track record for 19 years, Sting has played an active part in creating several key components in the startup community. Take a look at this video.

Please support us with your vote!

Also, our own Henna Keränen is a finalist in the category Ecosystem Hero of the Year, in addition to three Sting companies - Health Integrator for Startup of the Year, RenBloc for Best Climate Impact Startup and Care to Translate for Best Newcomer!

 
Vote - Nordic Startup Awards
45 min free coaching för tech companies and startups!

Has your company been affected by the Corona pandemic? Perhaps your business faces new opportunities? Meet with our qualified coaches, Johanna Wollert Melin or Ivar Strömberg and get their best creative tips on how your company can make a comeback!

Apply to Comeback Coaching.
 
Sting Accelerate – applications close tomorrow 

Are you ready to apply, or maybe you know of a startup that would be a great match? Sting Accelerate is for startups with a launched product or service that are looking to scale. 
Together with our partners, we provide you with the right people and resources to growing their businesses. You will have resources like a corporate and the knowledge of a serial entrepreneur at your fingertips.


Apply to Sting Accelerate.
 
Upcoming events 
Open positions in Sting companies 
  • Defentry is looking for a Partnership Manager that will be responsible for providing our partner and customer Defentrys plattform in the nordic and european region. Do you know anyone that would be perfect for the role?
  • Curious about other opportunities? Have a look at our job board.
Volumental has helped over 7M people find perfect fitting footwear!

In the past year, they have doubled the number of people they've helped find perfect fitting footwear, to 7.5 million people. They have over 70 customers worldwide including the world's leading athletic brands, and their research has been published in
Nature Scientific Reports! Volumental recently moved to top-floor offices by Centralen overlooking the water and Stadshuset. Volumental is hiring, including a CMO, data science, creative and developer roles. See jobs.
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