Propel Capital IV, founded by Sting, is one of three selected business angel companies that raises capital from Saminvest to improve its funding capacity dedicated to Sting's accelerator and incubator companies. Saminvest also undertakes to invest together with selected business angels when they make follow-on in Propel Capital companies. Read more about the investment news here.
Sting was present in Almedalen for a few intensive days of discussion, networking and of course supporting the many Sting startups that gathered in Visby. We were pleased to see that the dialogue relating to our core activities centered a lot around sustainability and taking a long-term approach to how new technology and young innovative companies can make the world a better place. Read more about our participation in Almedalen
Sting @ A House
As the fall season starts Sting will move from SUP46 to A House. Sting @ A House will host startups in a 400 sqm workspace including flexible work desks, meeting rooms and lounge area. The companies that will start at Sting@A House are the companies selected for the Accelerate_11 batch and the startups joining the Sting Incubate program in September.
“The background to the move is that we need more space and want to concentrate our activities to better utilize the time and resources for the companies in the programs, comments Pär Hedberg. “Sting was one of the initiators of SUP46 and has been there since its start. Our time at this instrumental place in the Stockholm startup ecosystem has been very important in our development and we remain committed to nurturing the relationship also when we now move to another location. SUP46, of course, remains a close partner to Sting and we hope to see many of our alumni companies as members there also going forward, Pär continues”. Sting will keep its premises at THINGS and also continue its partnerships with H2, Embassy House and Norrsken.