Johan Pihl and Mathias Wikstöm, co-founders of climate fintech Doconomy.Photo: Christopher Hunt
Doconomie
Climate fintech Doconomy calculates the environmental costs of each purchase on its DO credit card. Fed through its API, each transaction is presented in both krone and a carbon footprint based on business or merchant category. But the technology aims to do more than just raise awareness: the app also empowers customers to take action, offering carbon offset options and donations for global sustainability projects.
Doconomy’s technology is integrated into Mastercard’s global network; its Impact API has now processed data from more than 2 billion transactions and has reached more than 750 million users. Founded by Mathias Wikström and Johan Pihl in 2018, it has raised a total of £15.5 million (about $17.4 million) in funding. “Ultimately, it’s about revealing the blind spots of impact,” Wikström says. “We’re making sure we help facilitate reductions in line with net-zero targets, both for individuals and businesses.” doconomy.com
Cling Systems
William Bergh came up with the idea to develop a trading platform for used EV batteries while completing his master’s thesis, which involved research at sustainable battery manufacturer Northvolt in Stockholm. “I saw a gap in the market: there was no clarity about where batteries actually end up in existing systems,” says Bergh. Founded in 2020, Cling Systems connects the ecosystem to ensure batteries are reused, reused and recycled. In a pre-seed funding round in January, it raised £1.7 million (about $1.9 million) to help build a real-time map of used batteries to ensure maximum commercial and environmental benefits. The existing offer includes 2500 batteries from more than 50 sellers in Scandinavia and the Netherlands. clingsystems.com
Mindler
This digital therapy service connects patients with mental health professionals with just a few taps on the screen. Since its launch in 2018, Mindler has hosted more than 375,000 visits from digital psychologists; video call sessions are combined with in-app treatment plans. Popularity soared during Covid lockdowns, with monthly active users more than quadrupling to 13,000 since the pandemic. Co-founded by physician Rickard Lagerqvist and psychologists Rickard Färdig and Johannes Hatem, it has since expanded into four more markets, including the UK, and has raised nearly £34 million (about $38 million) in funding. mindlercare.com
Climate display
From Malmö to Dundee, from Cincinnati to Nottingham, ClimateView is helping cities around the world reach net zero through the ClimateOS platform. Local authorities then manage, monitor and implement data-driven climate action plans in the transition to a zero-carbon economy. “Cities need better information to make joint climate decisions,” explains Tomer Shalit, co-founder of ClimateView. As a former IT consultant, he previously provided flexible solutions to banks and insurance companies. “If they use these methods to effectively solve complex problems, why not apply them to the most important problem of all?” Founded along with Jeff Goens and Einar Bodstrom, it recently raised a £8.6 million ($9.7 million) Series A round. climateview.global
PocketLaw
Former M&A attorney Kira Unger and ex-McKinsey consultant Olga Beck-Friis launched legal tech startup PocketLaw in 2018 to break the bureaucracy that often ensnares small and medium-sized businesses. The contract creation and management platform is now used by more than 6,000 companies, alleviating day-to-day legal needs by digitizing day-to-day paperwork. Since its launch in 2020, PocketLaw has quadrupled year on year. It has also opened a London office, with a team of lawyers adapting the technology to the nuances of UK company law. In May, it raised £8.5 million ($9.6 million) in Series A financing. pocketlaw.com
Selah Rui Li and Marc van Almkerk, co-founders of Ellure.Photo: Christopher Hunt
Ellure
Ellure’s cosmetic IoT-enabled 3D printers can design, formulate and produce lipstick on demand in minutes. Not only does that mean 10,000 shades to choose from, but waste and overproduction typical of the beauty industry is drastically reduced – applicator tips, for example, are 3D printed from corn-based materials. “Our research shows that 7 percent of cosmetics and 14 percent of lipsticks are not sold in retail stores because customer demand cannot be accurately estimated,” explains co-founder Selah Rui Li, who co-founded the startup in 2019. launched with Marc van Almkerk. Following a small-scale pilot in the US and funding from the European Institute of Innovation and Technology, Ellure is heading towards its first product launch this year. ellure.io
Finish off
Dework has been touted as the LinkedIn for Web3: a decentralized job market for crypto and blockchain gig workers. Founded by Lonis Hamaili and David Fant, the collaboration tool enables decentralized autonomous organizations to recruit teams, organize, manage projects, and pay contributors with native tokens. Conversely, contributors can connect their personal Discord account to the platform, build a profile and sign smart contracts that match their skills. Fresh off a £4 million ($4.5 million) pre-seed funding round led by Paradigm and Pace Capital and joined by former Coinbase CTO Balaji Srinivasan, the platform already has 11,000 users after launching in December 2021. dework.xyz
Validio
Data engineering is usually a complex affair. Validio helps bring that back. The platform enables even one-man teams to have capabilities closer to a Silicon Valley giant: through machine learning technology, unknown data failures can be easily detected and data quality can be automatically validated. Founded by Patrik Tran, Urban Eriksson and Oliver Molander in 2019, it is now a Google Cloud build partner. Validio’s customers include Stockholm escooter startup Voi and digital electricity supplier Tibber. In June, it raised £12.2 million (about $13.8 million) in seed funding led by Lakestar, an early backer of Spotify and Revolut. Among the angel investors? Swedish football legend Zlatan Ibrahimović. validio.io
