Swedish Startup Space

Bauer Media, SparkLabs Invest $6.7m in Swedish Digital App Lifesum

Written by on April 14

Bauer Media Group and SparkLabs Global Ventures led a $6.7 million investment in Swedish digital health startup Lifesum, which helps users count calories and lose weight, the companies said today. Stockholm-based Lifesum has more than 4 million registered members for its app which helps users set health-eating plans and track exercise.

The investment is one of the biggest first rounds of financing in Europe this year, the company said. Hamburg-based Bauer publishes more than 600 magazines including InTouch, Cosmopolitan and Shape. SparkLabs is a new seed-stage investment fund.

Source: Bloomberg Business Week

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