Propel Capital invests in Hyggligt
As part of the Sting accelerator, Propel Capital invests SEK 0.5 million in Hyggligt to accelerate the company’s growth.
Hyggligt has been selected as one of five companies to join Sting Accelerate ClimateTech, part of Sting’s new Climate Action initiative, where participating companies can receive an investment of SEK 0.5 million from Propel Capital to accelerate their innovation.
Over the next six months, in addition to the investment from Propel Capital, Hyggligt will gain access to advisory support, workshops, investor meetings, connections, and Sting’s community.
Propel Capital is an investor closely connected to the Sting incubator and provides an attractive platform for finding partners and sharing experiences with other investors across its large portfolio and network of growth companies.
“You shouldn’t have to choose between profitability and sustainable forestry. Using image analysis and our optimization model, we help forest owners transition to continuous-cover forestry (hyggesfritt skogsbruk) while increasing income from harvesting. With expertise, networks, and resources from Sting Accelerate ClimateTech, we will help lead the forest industry’s transition toward sustainable forestry,” says Edith Heppich, CEO and co‑founder of Hyggligt.
Hyggligt provides forest owners with an optimization solution for continuous-cover forestry (hyggesfritt skogsbruk) to reduce climate emissions, increase biodiversity, and maximize forest owners’ financial returns.