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These 7 fast-growing Stockholm tech startups secured VC deals in Q2 2020, amid pandemic

Editorial team by Editorial team
September 21, 2020
in News, (Crowd)funding, Startups
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These 7 fast-growing Stockholm tech startups secured VC deals in Q2 2020, amid pandemic
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The Q2 2020 has witnessed unprecedented growth despite the effects of the COVID-19 pandemic and the subsequent lockdown. Though there has been a major economic downturn all over the world, the venture industry appears to be resilient. The deal activity in the second quarter of this year shows that the VC investors are focused on a variety of industries such as healthtech, fintech, software startups and much more.

Top deals in Stockholm in Q2 2020

It’s no secret that Stockholm, the Swedish capital is home to some of the leading tech startups in the world. There has been a boost in the tech startup ecosystem in Stockholm of late, thanks to the support from the government, aspirational entrepreneurs, and a flourishing environment. Having said that, here are the top VC deals in Stockholm in Q2 2020 as reported by Pitchbook.

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Picture credits: Doktor.se

Doktor.se

Founder/s: Martin Lindman
Founded year: 2016
Total funding: €45M

Swedish e-health startup Doktor.se secured €45M in a Series C funding round led by Carnegie and Handelsbanken. The others that participated in the funding round include existing and new investors. The new fund will be used to expand its digi-physical offering by developing its digital healthcare services and opening new medical centres.

Doktor.se provides digital consultations to patients via its smartphone app. The startup works with the ambition to make the healthcare system more efficient and offer better e-health services. Currently, Doktor.se operates as a standalone service in its home country Sweden and focuses on going global.

Picture credits: Instabox

Instabox

Founder/s: Alexis Priftis, Johan Lundin, Staffan Gabrielsson
Founded year: 2015
Total funding: €23M

Swedish logistics disruptor Instabox raised €36M funding – pushing its valuation to €100M. The investment round was led by Creades, a Swedish investor and London-based credit specialist CORDET. The new fund will be used to fuel further expansion of its smart parcel lockers in both the existing and new European markets. Also, it will focus on growing the team.

Instabox handles logistics for e-commerce retailers and provides same-day delivery via its network of last-mile smart delivery lockers. The service reaches about six million Swedes and delivers products from the likes of H&M, Ikea, and Lloyds.

Picture credits: Anyfin

Anyfin

Founder/s: Filip Polhem, Mikael Hussain, Sven Perkmann
Founded year: 2017
Total funding: NA

Stockholm-based fintech startup Anyfin bagged €27.6M Series B funding led by EQT Ventures along with existing investors Northzone, Accel and Global Founders Capital. Anyfin intends to use the investment to launch additional offerings, drive product innovation and scale into new European markets.

Anyfin helps consumers increase their financial health, lowering the effective interest rate. The company’s platform enables consumers to refinance their existing loans quickly depending on their actual risk profiles.

Picture credits: Mindler

Mindler

Founder/s: Rickard Lagerqvist, Rickard Färdig, Johannes Hatem
Founded year: 2018.
Total funding: NA

Mindler, which is one of the largest digital services for mental health has secured €8M funding led by Ventech and Schibsted Growth. The investment will be used to meet the surge in the demand of psychological services and boost its international growth. With this round, existing investors Luminar Venture, Kichi Invest and BackInBack reaffirmed their commitment to the growth of the company.

Mindler debuted with the intention to ensure that everyone has the chance to visit a psychologist. The model combines digital technology with psychological expertise so that it can increase access to effective treatment for mental health issues when people actually need medical assistance.

Picture credits: Insurello

Insurello

Founder/s: Marcus Janback
Founded year: 2016
Total funding: NA

Stockholm-based insurtech startup Insurello has bagged €7.1M funding in a round led by Inventure,a Nordic VC firm and Schibsted, alongside participation from Luminar Ventures. This investment will be used by Insurello to expand into the international markets.

Insurello helps consumers get fair compensation for their personal accident claims. It handles the complete claims process and identifies compensation that users aren’t aware of. Recently, Insurello acquired Ifdelayed.com to let people claim against flight delays as well.

Picture credits: EnginZyme

EnginZyme

Founder/s: Karim Engelmark Cassimjee
Founded year: 2014
Total funding: NA

The cell-free synthetic biology company EnginZyme raised €6.4M Series A funding led by Sofinnova Partners, a leading European life sciences VC firm. With this investment, the overall funding raised by EnginZyme totals €10M. The fresh funds will be deployed to boost the development of the company’s technology platform. Also, it will take its first internal production process to pilot. In addition to this, Micheal Krel, the Partner of Sofinnova Industrial Biotech Fund has joined the EnginZyme’s board.

The biotech startup intends to resolve one of the fundamental issues – how to produce sustainable alternatives to nylons, plastics, rubbers and numerous other synthetics we use on a daily basis with compromising on cost-effectiveness.

Picture credits: Dbvis

DbVis Software

Founder/s: Roger Bjärevall
Founded year: 2003
Total funding: NA

Database management and analysis startup DbVis Software bagged €5.3M funding in a round led by Industrifonden and Fairpoint Capital. Besides the investment, the company announced that it appointed Martin Engdahl, the director at Salesforce Sweden as its CEO. It plans to use the investment to expand its product development, accelerate growth and strengthen the team.

DbVis’s key software product, DbVisualizer is a multi-platform database management tool. This tool has been downloaded over 4.5 million times. It is a partly open-source software that is available in both paid and free versions.

Stock photo from dimbar76/Shutterstock

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