Stockholm Startups Draw Fresh Capital as Float and Neko Health Close Rounds

Cedric Notz, chief executive and co-founder of Float, told Tech.eu that current financial infrastructure was not built for modern technology firms, which operate internationally from their earliest days while financial services remain fragmented and reliant on manual processes. Notz said his own experience obtaining working capital shaped the company's goal of making business financing quicker, simpler and more transparent.

Neko Health raises a landmark Series C

At the other end of the scale, Neko Health, a Stockholm-based health technology company co-founded by Spotify's Daniel Ek, has completed a €612.7 million ($700 million) Series C round, EU-Startups reported. The company said the capital will support the opening of its first US clinics, with locations planned in New York and other cities this year.

The round was led by Lightspeed Venture Partners and co-led by O.G. Venture Partners, with participation from existing investors including Atomico, General Catalyst and Lakestar, alongside new backers such as Liberty City Ventures, Positive Sum and BDT MSD. David Ofer of O.G. Venture Partners is set to join the board of directors. The financing follows a €250 million Series B in January 2025.

Neko Health said the round also drew a range of individual backers. Co-founder and chief executive Hjalmar Nilsonne described the funding as a vote of confidence in the company's approach to preventive healthcare, which centres on early detection and keeping people healthy, EU-Startups reported.

A tale of two rounds

Together, the two announcements underscore the breadth of Europe's startup ecosystem, from focused financing platforms addressing the region's capital constraints to health technology firms raising sums large enough to fund transatlantic expansion.