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Discover Sting’s Dynamic Workspace at A House Ark, Stockholm

Designed to foster innovation and growth, our workspace provides an exceptional environment for startups and entrepreneurs to thrive. Located in the vibrant city center, A House Ark offers the perfect blend of modern design, state-of-the-art amenities, and a dynamic community. Here, you’ll find a diverse range of talented individuals and companies from various industries, creating an atmosphere that encourages networking, knowledge sharing, and meaningful connections.

FAQ

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Browse through the FAQs to gain insights and clarity on various topics related to our organization.

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About Sting

What does your purpose, “Backing bold ideas. Reshaping what matters,” mean?

It reflects our mission to support founders who are daring enough to challenge the status quo and bold enough to build companies that solve real societal and environmental problems. We believe startups can – and should – reshape the world for the better.

Funding & Propel Capital

What will I get from Sting Test Drive?

Sting Test Drive is a hands-on evening workshop series combined with individual coaching. You’ll validate your idea, strengthen your business model, and explore future opportunities with Sting — all while keeping your day job.

Support & Network

Does Propel Capital invest in its portfolio companies?

Propel Capital guarantees a follow-on investment of 200,000 SEK as part of its initial investment offer. However, Propel Capital does not make any additional follow-on investments beyond this. Instead, Propel Capital’s CEO, Emanuel Andersson, actively supports portfolio companies in their financing rounds by facilitating introductions to potential investors.

Support & Network

How is the number of shares that Propel Capital receives after conversion calculated?

Propel Capital’s investment converts in two parts: • 400 SEK converts with a 30% risk discount on the terms of your next qualified financing round, with a valuation cap of 20 million SEK. • 200 SEK converts on the same terms as the round, without a discount or cap. The number of shares is calculated based on the valuation and terms of the round at the time of conversion.

Support & Network

What are the terms of the Propel Capital convertible?

For full terms and conditions, please contact emanuel.andersson@sting.co. Read more for an overall summary of the terms:

Support & Network

How much ownership does Propel Capital take? 

Propel Capital invests via a convertible note that converts to ownership only when the company has raised at least SEK 1 million or more from external investors. This way, we avoid setting a valuation of the company too early.

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Programs

With decades of experience scaling startups, we're here to help you unlock your true potential and grow your business faster.

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Focus Areas

We are looking for big ideas with potential to solve real problems. In return, you’ll get access to a lifelong community that delivers more value and opens more doors than any other.

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Companies

Sting companies, radically changing the world as we speak.

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Pre-Sting

Not ready to apply for our programs yet? No problem.

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