The GoWest event is a two-day venture capital forum that takes place annually in Gothenburg, Sweden.
It serves as a platform for startups, scaleups, investors, and industry representatives to connect, network, and explore investment opportunities.
The event is known for its focus on the pre-seed, seed, and series A stages of funding, making it an ideal gathering for early-stage startups looking to secure investments.
The GoWest event is scheduled to take place on February 7-8, 2024, with the Investor Day on February 6.
The event promises to provide valuable insights, panel discussions, and match-making opportunities for all participants.
What does GoWest offer?
The GoWest event offers a range of benefits and opportunities for participants. Here’s what you can expect when attending the event:
- Access to Match-Making Tool
- Panel Discussions and Insights
- Networking Opportunities
- Startup Pitch Sessions
The GoWest event showcased exciting announcements from innovative startups and companies. We have compiled a list of significant developments unveiled during the event, highlighting the latest advancements in various industries.
Substly revolutionises SaaS management for SMEs
Substly, a SaaS management startup unveiled its innovative SaaS discovery engine during the GoWest event.
Designed to empower small and medium-sized enterprises (SMEs), the technology provides automated visibility into SaaS usage and spending.
With global SaaS spending projected to increase annually, Substly’s solution aims to address a critical need for SMEs to optimise their SaaS investments for cost and usage.
Through a user-friendly interface, the company’s SaaS management platform offers automated and aggregated insights into SaaS tool expenses and employee usage. This enables SMEs to monitor and optimise their digital service investments effectively.
Profundus’ breakthrough in retinal imaging capabilities
Profundus, a medical technology company, made a significant breakthrough in retinal imaging capabilities.
During the GoWest event, the company announced the delivery of its high-resolution fundus camera to the prestigious Karolinska Institutet and St. Erik’s Eye Hospital in Stockholm.
This state-of-the-art camera utilises adaptive optics, surpassing traditional fundus cameras by capturing cellular-level images of the retina.
By leveraging advanced telescope technology, the fundus camera enables enhanced diagnostics, treatment, and research opportunities in the field of ophthalmic medicine.
This collaboration with leading academic institutions signals a concerted effort to deepen scientific understanding and identify clinical phenomena previously undetectable.
PlasticFri gets Prince Daniel Fellowship
PlasticFri, a sustainable disposables company, received the prestigious Prince Daniel Fellowship during the GoWest event.
Recognised as the “World’s Most Innovative Sustainability Startup” at the World Future Energy Summit, PlasticFri has been at the forefront of sustainable solutions.
The fellowship program provides selected entrepreneurs with mentoring, company visits, and lectures to stimulate business development. A total of 13 companies represented by 18 entrepreneurs have been accepted.
With a focus on reducing plastic waste, PlasticFri develops sustainable disposable products.
Alteri Care and Vodacom join hands to enhance e-health access in Africa
Alteri Care, in collaboration with Ezytiba and Vodacom, announced a partnership to enhance e-health accessibility in Tanzania during the GoWest event.
As the second-largest telecom company in Africa, Vodacom’s partnership with Alteri Care aims to provide convenient access to telemedicine services for their 16 million subscribers in Tanzania.
Alteri Care’s SaaS platform enables healthcare providers to customise digital workflows and improve patient care.
This collaboration, which includes local healthcare resources, seeks to leverage technology to enhance healthcare services and improve medical professionals’ preparedness for real-world situations.
SKILLUP reveals Virtual Reality Medical Simulation Platform
SKILLUP, a visionary startup, revealed its latest Virtual Reality (VR) Medical Simulation Platform during the GoWest event.
Developed in collaboration with international clinicians, SKILLUP aims to make team-based medical simulation more accessible, providing a cost-effective alternative to conventional manikin-based training.
Medical simulation using virtual reality offers immersive and realistic training experiences, preparing medical professionals for real-world scenarios.
The first version of the VR Medical Simulation Platform has completed its beta testing in more than 10 hospitals in Singapore and Norway, with overwhelmingly positive feedback.
AFRY and Intended Future join forces for enhanced design and UX
AFRY, an engineering and design company, issued a Letter of Intent to partner with Intended Future during the GoWest event.
This strategic alliance aims to transform the landscape of design and user experience (UX) by creating the ‘Experience Studio AI Agent’ (ESAIA).
Powered by Intended Future’s proprietary technology, ESAIA will enhance organisational effectiveness, knowledge sharing, and strategic decision-making within AFRY’s Experience Studios.
The shared vision of AFRY and Intended Future aims to enhance the lives of consumers and businesses through transformative AI applications.
Juteborg Sweden unveils JuTech brand
Juteborg Sweden, a company dedicated to sustainable solutions, unveiled its JuTech brand during the GoWest event.
Juteborg specialises in developing high-tech jute-based materials with maximum sustainability impact.
The first JuTech product is now ready for mass-market, as the company invites interested customers and partners to participate in test production.
With a focus on the natural fiber of jute, Juteborg works in partnership along the entire supply chain in Bangladesh.
Their collaboration with MobilityXlab, including industry partners such as CEVT, Ericsson, Magna, Polestar, Volvo Group, and Zenseact, further emphasises their commitment to transforming the mobility industry.
Shift4Good fund hits €200M
At the GoWest event, Shift4Good, an independent venture capital impact fund dedicated to sustainable transportation, announced that it will reach a fund size of €200M in the coming months.
Since its inception in Q4 2022, the VC has been actively investing in companies that prioritise sustainability in the transportation sector.
The fund intends to establish a permanent presence in the Nordics, forging strong ties with institutional and corporate investors, startups, and other key players in the innovation ecosystem.
Shift4Good, led by a seasoned team of mobility investors with a global footprint, remains open for LP investments, creating opportunities for collaborative projects and innovations aimed at the decarbonization of transportation and the advancement of a circular economy.
Codicent raises funding for AI-driven knowledge transfer
Codicent, a Swedish AI startup has raised its first investment round, which will be used to further develop its unique AI-driven logbook platform.
The company’s AI solution streamlines knowledge transfer and decision support within organisations, ensuring that valuable knowledge is not only preserved but also shared in a previously unthinkable manner.
With the latest capital injection, Codicent aims to expand its team, enhance its platform, and accelerate its growth.
The AI logbook has already gained attention for its innovative approach and ability to transform corporate structures by refining and making knowledge accessible.
NHL Star Mattias Weinhandl invests in Raymond Solar
NHL star Mattias Weinhandl has announced his investment in Raymond Solar during the GoWest event.
Raymond Solar, a Swedish player in solar energy, has been making significant strides in the industry with its innovative solar solutions and recent launch of prefabricated solar roofs.
Weinhandl’s investment adds to the impressive roster of investors already supporting Raymond’s progress in the solar cell market.
With Weinhandl’s capital infusion and valuable expertise, Raymond aims to accelerate its growth and contribute to a faster transition to renewable energy.
LumeoTech raises funding to expand in the Asian Market
LumeoTech, a player in fastening technology and smart interfaces, announced the successful completion of a recent financing round at the GoWest event.
This funding will help the company in its expansion, particularly in the Asian market.
LumeoTech has welcomed new investors, including Patrik Boström, Jens Östberg, Martin Erlandsson, Alexander Blank, and Sofia Gunnmo, all of whom bring diverse backgrounds and impressive careers to the table.
With a focus on the Asian market, LumeoTech has already established crucial customer relationships with leading Chinese companies such as Insta360 and DJI.
The support from both new and existing investors will bolster LumeoTech’s growth journey and help solidify its position as a key player in the industry.
VOC Diagnostics receives grant for early detection of ovarian cancer
VOC Diagnostics, in collaboration with Linköping University, has received a prestigious $350,000 grant from Vinnova and the U.S. National Science Foundation at the GoWest event.
This grant will further the technical development of VOC Diagnostics’ unique platform for the early detection of ovarian cancer.
The grant program also includes a second phase, where the project consortiums can apply for a $5M grant.
VOC Diagnostics’ commitment to advancing early detection technologies for ovarian cancer reflects its dedication to improving healthcare outcomes.
With this grant, VOC Diagnostics aims to make significant progress in the fight against ovarian cancer and bring its platform to the market sooner.
Heartland Discgolf acquires European Birdies and partners with Sacci AB
Heartland Discgolf AB, a renowned player in the disc golf industry, announced two significant developments. The company has strategically acquired European Birdies, a move that expands its product offerings and reinforces its commitment to sustainability.
Additionally, the company has formed a pivotal manufacturing partnership with Sacci AB, emphasising its dedication to producing premium products in an environmentally responsible manner.
European Birdies will continue to operate independently. However, Heartland Discgolf’s partnership with Sacci AB will enhance its product development capabilities, allowing for innovation and continuous improvement.
Scale Capital launches US investment thesis
Scale Capital, an investment firm, shared its US investment thesis during the GoWest event.
The firm focuses on scaling technology companies in the North American market, viewing it as a crucial step for growth.
Scale Capital provides acceleration support, assisting companies in preparing for market entry in the United States.
The three-phased approach adopted by Scale Capital begins with market validation, where product-market fit is explored.
This is followed by the market establishment, where companies set up operations in the US. Finally, market scaling involves hiring and raising growth capital to drive expansion.
Scale Capital’s experience in assisting portfolio companies on their US expansion journeys has provided valuable insights into customer segmentation, recruitment, partnerships, and sales acceleration.
Read the orginal article: https://siliconcanals.com/news/startups/13-announcements-gowest-event/