Bower

Stockholm, Sweden Founded: 2020 • Age: 6 yrs
Reward-based recycling solutions are offered via a mobile scanning platform.
Annual revenue - Latest available
Total funding $5.7M 3 rounds
Employees - Tracked headcount
Investors 6 Known backers
Products 1 Services tracked
Competitors - Brand Intelligence

About Bower

Bower is a company based in Stockholm (Sweden) founded in 2020 by Suwar Mert. Bower has raised $5.73 million across 3 funding rounds from investors including Orkla, Almi and Google.org. Bower offers products and services including Bower App.

  • Headquarter Stockholm, Sweden
  • Founders Suwar Mert
  • Sectors
    Environment
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
  • Legal Name Sugi Group Ab
Operational Areas
Environment → Environmental Management & Pollution Control Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $5.73 M (USD)

    in 3 rounds

  • Latest Funding Round
    $1.91 M (USD), Grant

    Nov 13, 2023

  • Investors
    Orkla

    & 5 more

  • Employee Count
    Not available
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Products & Services of Bower

Bower offers a comprehensive portfolio of products and services, including Bower App.

Product name locked
Category locked
Primary

AI app for identifying waste, guiding recycling, and rewarding users.

People of Bower

Headcount 10-50
Employee Profiles 14
Employee Profiles
People
Aleksei Rymkevich
Tech Lead
People
Amin Vafaei
Backend Developer
People
Niklas Andersson
Creative
People
Suwar Mert
Co-founder & CEO

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Funding Insights of Bower

Bower has successfully raised a total of $5.73M across 3 strategic funding rounds. The most recent funding activity was a Grant round of $1.91 million completed in November 2023. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.

Investors in Bower

Bower has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include Orkla, Almi and Google.org.

All
Venture Fund
Institutional
Investor Description Founded Year Domain Location
Investments are provided by Almi in seed to growth-stage startups.
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Early-stage company investments are facilitated by blqinvest.
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Venture capital firm and funds of fund focused on technology-enabled and sustainable companies
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Investor details for Bower

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
  • Investor locations
  • Funding rounds
  • Participation history

Verified entity values are shown only after access is granted.

Investments & Acquisitions by Bower

Investments
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Investment portfolio details for Bower

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  • Portfolio identities
  • Transaction dates
  • Round details
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Financial Statements - Bower

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Detailed financials for Bower

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  • Profit trends
  • Statement rows
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Bower Comparisons

Bower Primary company
Description
Reward-based recycling solutions are offered via a mobile sc...
Location
Stockholm, Sweden
Founded Year
2020
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Bower

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Competitors of Bower

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Detailed competitors of Bower

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  • Domains and locations
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Latest news on Bower

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Complete news archive for Bower

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  • Full article archive
  • Source and publication date
  • Older coverage
  • Brand-specific news history

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Frequently Asked Questions about Bower

Bower was founded in 2020.

Bower is headquartered in Stockholm, Sweden.

Suwar Mert is the current CEO of Bower. They have also founded this company.

Bower is a funded company, having raised a total of $5.73M across 3 funding rounds to date.

The company was founded in 2020 in Stockholm, Sweden, and operates in the environmental recycling sector. Reward-based solutions are provided through a platform where packages are scanned and sorted by users at home. Nearest recycling stations are located via a mobile app, which is available for iOS and Android devices. Operations focus on facilitating household recycling processes.

Bower offers Bower App.

Bower has 6 investors. Key investors include Orkla, Almi, Google.org, blqinvest, and Verdane.

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