Fredrik Cassel

Extremely excited to announce Tandem Health's $9.5M seed round led by Northzone! I made a promise to myself when I upon graduation chose the "traditional" path of management consultancy. The promise was that I would not get too comfortable, and that I would dare take risk when I felt the opportunity was right. With the release of ChatGPT, I became convinced that we were on the cusp of the largest technological shift of our lifetime. The timing to pursue my entrepreneurial dream simply felt perfect - not only in terms of technological potential (in a field I happen to love), but also regarding where I was in my career, in my personal life, and finding amazing co-founders. So soon one year ago, I delivered on that promise to found Tandem Health. It feels surreal to have now gone from Tandem being an idea in our minds - to actually being a proper company with an actual office (after spending our first 6 months in my living room), an incredible team, a product that is loved by users, and now also wonderful investors with us to enable us to deliver on our bold vision. We are setting out to revolutionize healthcare, an industry that is deeply broken in terms of what clinicians actually spend their time on. It is simply not sustainable that clinicians should spend >40% of their time on admin, and that 9 out of 10 doctors state they are unable to finish their administrative tasks during working hours. If nothing is done, we will not be able to keep current healthcare standards with our aging population. To help fix this, we are building a clinician copilot. Clinicians across >50 care organizations are now using it every day to write medical notes based on their patient consultations. It is insane how much energy I get from hearing user stories on how Tandem is making a positive impact in their lives. From psychiatrists describing how they used to spend 1-2 hours every evening on writing medical notes and now have gotten their evenings back, to an 83-year old doctor with excitement telling us how this is the first new product he has adopted in over a decade. And we are just getting started. We are actively searching for more team members that want to join us on bringing this technological shift to clinicians across Europe. If you are interested, please do reach out or send an application at https://tandemhealth.ai/. 

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Welcome ecoLocked to the Climentum Capital portfolio! We are proud to have led the €4M funding round together with Matterwave Ventures, and delighted to have existing investors Counteract, Startup Family Office, Sabancı Building Solutions, and VOYAGERS.io joining the round. The investment will support ecoLocked’s mission to revolutionize the construction industry with carbon-negative building materials. Concrete production accounts for 8% of global CO2 emissions, making innovations in this field crucial for achieving net-zero goals. ecoLocked is leading the change by converting carbon captured from biomass into functional, carbon-negative building materials. This funding will accelerate ecolocked's efforts to turn buildings into carbon sinks, scaling their innovative biochar-based solutions and enabling 1Gt carbon removal by 2040. Doerte Hirschberg Morten Halborg Stefan Maard

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In the Norrsken Accelerate Fund we have made 20 investments this year in super exciting impact tech startups that are tackling some of the big issues on the planet.🌍 I’d like to the spotlight on the amazing founders behind these companies. 📸 First out are Sébastien Fiedorow and Steven Bardey, PhD who are the founders of Aerleum. What they are doing is defossilizing heavy industries which is crucial for reducing GHG emissions globally. Sectors like shipping, road transport, and aviation need clean fuels with high energy density, cost-efficiency, and supply chain compatibility. How they address this is be having a unique technology that produces e-methanol from captured CO2 and low-carbon hydrogen. It burns cleanly, has high energy density, and integrates with current supply chains. By doing this they strive to remove giga-tons of carbon dioxide from the air and transform it into clean alternatives for fossil-based products which will be massive win for the planet.💚 Read more about Aerleum here: https://www.aerleum.com/ and ping me if you want to get in touch with them.

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A big day for us at Contrarian Ventures, as we launch The Climate Brick alongside our friends at EQT Ventures, and 50+ investors, founders and experts joining our mission to create the missing manual for the climate journey.     90% of CO2 emissions are estimated to be abatable by technology over the next 25 years. However, most innovations that shape modern life were built on common frameworks.    Climate doesn’t have one, yet. Today marks a call to change that, with the creation of a new initiative, involving a wide range of stakeholders.    Decarbonisation is the greatest economic transition in a century – the signatories of our open letter have pledged to create The Climate Brick, the missing manual for scaling climate technologies.    The Climate Brick's co-builders include several of Europe’s largest climate technology companies and financial institutions, as well as leading academic experts and policymakers.    The manual comprises seven playbooks, that we call ‘Bricks’: from Gigascaling to Product Disruption.    We’re only getting started, and The Climate Brick is an open community being co-built by members together.   Join us – become a co-builder and check the Bricks out!   Read our open letter via the link in the comments below. https://climatebrick.com/

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It is great to see the validation of the femtech category out of Europe with Flo Health Inc.- the recognition of its market size and growth capital of this magnitude from the leading GP General Atlantic. Category leadership is the name of the game in VC/growth as is gaining "unicorn" status. I am so keen to see change: change in diversity at GPs and retention, in the deal funnel/female category and capital allocation parity for females/diversity founders. Female health has been underfunded and under researched and I am 50% of the population that takes medication based on male clinical trial data and have been on my own clinical trial journey for TED (auto-immune diseases are more prevalent in women). Artemis Women's Health Foundation is a great place start to learn more about this topic! In this case we have a "win" for femtech funding, but also some contention. If the CEO had been female, would she have been able to raise this capital? There is still disparity in funding female entrepreneurs and senior leadership due to gender norms and because deal funnels are mostly overseen by males. Would capital parity not enable more innovation in femtech/female health, more female leadership and how is male allyship best constructed to change bias and reduce the pay and wealth gap? More important data on this from Anna-Sophie Hartvigsen://https://lnkd.in/guGihqWh #femtech #startups #VCFunding #europeanwomeninvc #sifted #femalehealth

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The challenge of growth is a challenge of energy. According to Copenhagen Economics, Population and GDP per capita are likely to grow by 20% and 90%, respectively by 2040.  Demand for energy services would grow by 50% or more, driven by urbanisation, industrialization, infrastructure build-out, and a growing global middle class. Energy intensity will continue to improve by up to 75% by 2040, driven by ongoing structural shifts to less energy intensive economic activity and improving technology. In spite of that, energy demand will still increase by 30-60% if developments follow the trends seen in the past. The current energy system is highly carbon intensive : coal, oil, and natural gas provide 85% of all energy.   To meet these challenges, the « all or nothing » scenarios are for no use. Fossil fuels won’t be replaced overnight. The economy will then have to combine for a long time an optimized utilization of fossil fuels with a fast growing H2 adoption.  #energytransition #growth #H2

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8 startups for you to know Who have just raised millions in funding. Biolevate who are revolutionizing healthcare innovation has raised €6M led by EQT Ventures. Kong Inc., a cloud-native platform that powers API-led connectivity for developer productivity has raised $175M. Volta Software has raised €6M who are shaping the future of B2B commerce - this pre-seed round represents the biggest pre-seed round for an Italian startup. Appcharge, the leading direct-to-consumer platform for mobile game publishers to scale paying user growth has raised $26M led by Creandum. yhangry, the go-to platform for finding a chef to cook for any occasion has raised $1M. MAGIC AI, uses computer vision, connected weights and 3D cameras to deliver personal training by the world's best athletes at home has raised $5M led by IW Capital. Roon who are reimagining medical content and health communities has raised $15M led by Forerunner and FirstMark. /dev/agents, the next-gen operating system for AI agents has raised $56M from Index Ventures and others. ♻️ Repost this to share with others. And follow Ollie Forsyth for the latest startups to watch!

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𝗧𝗵𝗲 𝗡𝗼𝗿𝗱𝗶𝗰 𝗧𝗲𝗰𝗵 𝗣𝗮𝗿𝗮𝗱𝗼𝘅: 𝗕𝘂𝗶𝗹𝗱𝗶𝗻𝗴 𝗪𝗼𝗿𝗹𝗱-𝗖𝗹𝗮𝘀𝘀 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝘄𝗶𝘁𝗵 𝗟𝗶𝗺𝗶𝘁𝗲𝗱 𝗠𝗮𝗿𝗸𝗲𝘁 𝗩𝗶𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝘆 I recently sat down with Hannah Meiton Founding Partner at Ampli Ventures, a Stockholm-based venture capital firm specialising in early-stage investments in Nordic B2B SaaS companies. With a focus on capital-efficient businesses at the seed to pre-Series A stage, Ampli Ventures is redefining the investment landscape by working hands-on with founders to build scalable, sustainable companies. Before stepping into venture capital, Hannah held senior commercial roles within the tech industry as Chief Commercial Officer at Soundtrack Your Brand and VP of Sales at Zettle by PayPal in the years prior to their exit to PayPal, where she played pivotal roles in driving global growth. Her expertise in scaling B2B software businesses, particularly by building high-performing sales and marketing teams, is a cornerstone of her investment philosophy. In this episode we talked about: 🇸🇪 Whether Nordic startups have a tendency to undersell themselves? 🌍 Why you shouldn't build in your basement but forget to tell the world about it 🤝 How the founders job is to always be selling - throughout the lifecycle of the company. 🤑 Is the future of venture more concentrated portfolios where you’re not reliant on a few companies to return the fund? 📉 Are we seeing the start of software commoditisation? 🏷️ Will the traditional SaaS pricing model change as AI proliferates more? ＄ How costs will become more aligned with consumption and value. 🧮 Why Ampli won’t invest in founders who don’t have a solid understanding of the financial fundamentals of their company. 😓 Working in sales in 2024 has been a test of resilience. 💸 Hannah’s contrarian advice: raise less money and spend what you raise on where it truly matters. Join over 13,000 subscribers listening to these amazing conversations with the folk behind the stories that make the venture ecosystem go round - wherever you get your podcasts 🎙️ YouTube: https://lnkd.in/dyhiNjri Spotify: https://lnkd.in/d9nh_R6s Apple: https://lnkd.in/d8hrC9ES

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When to choose growth vs. profitability? We had a great discussion with founders during yesterday's sclr labs roundtable, with Jürgen Vleminckx expertly facilitating and sharing insights on growth, scaling, and how they relate to investment, costs, and profit. The main difference between scaling and growing is the focus on cost. The key is finding the right balance for your business stage and market conditions. The roundtable also touched on the importance of considering industry dynamics, business models, and available resources when deciding between prioritising growth or profitability. Irina Muravieva Biju Menon James Dearsley Georgina Bowman Igor Gorbatsevich Bill Cogan thanks for joining us. We'd like to thank our venue partners Landmark, Richard Gray and their team at Bishopsgate for providing fantastic space and hosting.

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Thanks Rachel Braun Scherl for shedding light on this ! One of key markers investors look for in early stage companies is the evidence of deep understanding of your customer and your domain. Women building in femtech not only understand the problems personally but have tremendous conviction to solve them. We at She Raises Capital are proud to be working with so many female founders building in femtech . Pipeline issue is a myth! Looking to to back trailblazing women with high growth femtech businesses? Simply reach out. Shalini Sardana (She/Her) , Diane Bailey, Alice Zheng , Springboard Enterprises, Janna Meyrowitz Turner , Azin Radsan van Alebeek , Sophia Yen, MD, MPH , The Female Quotient #femtech #fundinggap #investmentreadiness #dealflow #customer #emotionalhook #convictions #purpose #founderjourney #earlystageinvesting #femtechinvestor

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Innovations are happening less and less within companies and more in so-called innovation clusters as part of open innovation initiatives and collaborations between established companies and startups. 𝐁𝐫𝐢𝐝𝐠𝐢𝐧𝐠 𝐜𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐬𝐭𝐫𝐞𝐧𝐠𝐭𝐡 𝐰𝐢𝐭𝐡 𝐬𝐭𝐚𝐫𝐭𝐮𝐩 𝐚𝐠𝐢𝐥𝐢𝐭𝐲 𝐬𝐞𝐞𝐦𝐬 𝐭𝐨 𝐛𝐞 𝐭𝐡𝐞 𝐦𝐚𝐠𝐢𝐜 𝐟𝐨𝐫𝐦𝐮𝐥𝐚 𝐟𝐨𝐫 𝐢𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧. That's why I'm thrilled to announce that Arno Baltruschat, Co-lead at OTTO DOCK 6, will join us at this year's Project A Knowledge Conference (short PAKCon) and give a keynote at the management hive with the title "𝐕𝐞𝐧𝐭𝐮𝐫𝐞 𝐂𝐥𝐢𝐞𝐧𝐭𝐢𝐧𝐠 - 𝐒𝐮𝐜𝐜𝐞𝐬𝐬 𝐅𝐚𝐜𝐭𝐨𝐫𝐬 𝐨𝐟 𝐒𝐭𝐚𝐫𝐭𝐮𝐩 - 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐞 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧𝐬". His keynote will be followed by a vibrant panel discussion about collaborations between startups and incumbents, moderated by Anne Decker from wattx and Maschinenraum. Other confirmed keynote speakers at the management hive are Nina Michahelles from Google, Miriam van Straelen from Roland Berger, Dr. Alexander Mrozek from Oetker Digital, Sebastian Herzog from hy – the Axel Springer Consulting Group, and more to come! This year, PAKCon takes on a new format. Instead of one single event, we will have ten content-specific hives throughout the day, culminating in a grand convention and the legendary party at night. Over 1,400 people have already applied for tickets, so don't miss out—apply now for the management hive 𝐚𝐧𝐝 the convention/party. #ventureclienting #openinnovation #innovation #pakcon2024 #managementhive 

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“VC funding is now a rare and expensive commodity, and founders are being encouraged to focus again on business fundamentals and capital efficiency. As a result, Venture Debt is now a topic of discussion in most Board meetings, and almost every Startup that’s raising institutional capital (seed to Series D) is thinking about Venture Debt as a meaningful addition to their capital stack.” These are timely and important conversations to be had by founders, management teams, and early investors. And it’s encouraging to see demand for debt continue to increase. But it’s not hard to see why. What’s happening in the industry now can be attributed to a few factors: ✔ We are experiencing a recalibration from the “easy money” era of high valuations. Many venture equity providers are now essentially hoarding capital and waiting for cap tables to self-correct to reasonable levels. ✔ Equity is expensive, especially for late-stage companies. Venture debt has become a more compelling alternative to equity dilution for companies that want to avoid a down round. ✔ Founders are realizing that venture debt is not rescue financing. Rather, companies with consistent revenue and a clear path to profitability are increasingly seeing debt as a means of propelling further growth. While no one can predict the future, we’re very optimistic about the role that debt can (and will) play for late-stage startups throughout the remainder of the year and beyond.

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I'm speaking at SuperVenture 2024 on the 5th of June in Berlin. The topic of the panel is emerging VC managers: time to shine or out of their depth? Are LPs fleeing to established names and those that cut their teeth during previous cycles? Or is now the time for emerging managers to bring something different to the table? Is volatility leading to true innovation and disruption? We’re on track to see approximately 44% of the total LP capital committed to US VC funds since the start of the year go to just two large established VC platforms, according to PitchBook data. While many established VCs maintain their allure, there is a subset of LPs who are making a deliberate choice to increase their allocations to specialist emerging VC managers - managers who have spun out from established funds and have an attributable track record, founders with deep operational experience turned funders or academics with deep domain expertise. There is non-trivial added complexity when it comes to emerging VC selection – given the large number of funds needed to be screened and the more complicated referencing and DD process. Data highlights how important it is for GPs to identify & back ‘big winners’ early on to drive fund returns. Typically, ~5% of invested capital in a few winners drives most of the return (>50%). The VC model is built around investing in early-stage companies each with the potential to more than return the whole fund. Who has the right to win? Who will the best founders (and LPs) decide to partner with? #SuperVenture #VC SuperReturn

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In recent months, the Swedish startup ecosystem witnessed the unfortunate downfall of three promising companies: Mycorena, Coloreel, and &Repeat. These startups, with unique value propositions, faced challenges that led to their bankruptcy. Let's analyze the common factors contributing to their struggles. Mycorena aimed to revolutionize the food industry with sustainable mycoprotein products. Despite the growing demand for alternative proteins, scaling issues, high operational costs, and intense market competition hindered their success. Coloreel brought innovation to the textile industry with its coloring technology for textile threads. However, intensive R&D, supply chain disruptions, and slow market adoption contributed to its downfall. &Repeat focused on a circular economy for disposable food packaging but encountered challenges in driving behavioral change, navigating regulations, and securing funding. Key themes among these startups include financial strains, market entry barriers, and external factors like the pandemic and regulatory changes. Their experiences highlight the importance of effective financial management, strategic scaling, and adaptability to market conditions for long-term success. While the bankruptcy of these startups is a setback, their innovative spirit leaves a lasting impact. Their journey provides valuable lessons for future entrepreneurs to learn and grow from, shaping a more resilient startup ecosystem.

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Excited to announce CoinFund's investment in Vincent Weisser & Johannes Hagemann, the founders of Prime Intellect! As high-end GPU supply has become constrained and fragmented, it's become important to provide GPU access to all AI developers. Access to compute and AI model ownership are crucial topics to get right today, in order to continue the tradition of the open internet! Check out this piece to learn more: https://lnkd.in/dm4w7KS8

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Reposting the European Women in VC for a quick reference/extract from PitchBook on the MOST ACTIVE #femtech INVESTORS/VCs in Europe - below! I would say this list is femtech only (health-tech/digital health angle). If you are a biotech/therapeutics or diagnostic developer, it is better to look to the list in the link below which was created by Sifted and lists the MOST ACTIVE early stage healthcare investors. This DOES NOT split out female health investors! https://lnkd.in/ejfAXHFz #femtech #femalehealth #drugdevelopment #femalediagnostics #startupfunding

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Integrating AI into science requires learning. The openness of development leaders, clinicians and scientists to reach out and complement our knowledge with latest innovation in AI solutions. No data integration will be sustainably successful without conscious adjustment of our analogue workflows. In evolving our work building use cases ready for AI we enable scaling excellence. Attracting talent and partnership at the Danaher Corporation AI summit, privileged to host a stellar panel on AI in clinical trials Jeff Elton Kate Sasser Benjamine Liu and Ziad Obermeyer. Data defining right MoA, right target, right clinical subtype, right control, right endpoints, right sites and right deployment. Elevating precision medicine at the speed of life, much more to come. Jose-Carlos Gutiérrez-Ramos Vanessa Almendro, PhD, MBA Martin Stumpe

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Today, we’re hosting our monthly partner meeting at Microsoft Lyngby, and we’re looking forward to connecting with a fantastic lineup of startups and scale-ups, along with the CVX Ventures network. The companies presenting are doing some incredible work, and we can’t wait to dive into projects like: 🍻 An eco-friendly twist on packaging solutions. 🌿 A fresh approach to improving sleep. 🎮 A platform changing the way we create and play. 🔬 A health tech platform for managing health conditions. 🚗 Smart tech for a safer drive. 💼 Sustainable style for professionals. 🌱 Skincare reimagined with nature in mind. There’s always something inspiring about seeing these bold ideas up close and hearing directly from the founders. These projects are setting the pace for what’s next in tech, sustainability, and health! Interested in being part of our partner meetings? Reach out to me here on LinkedIn or at [email protected] to learn more. Let’s help these companies reach new heights together!

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