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Swedish lithium-ion battery giant Northvolt has its eyes on an IPO — which could be one of the largest ever for a climate company.

Sifted's Nordics correspondent Mimi Billing digs into the details, including the small question of where it might choose to list.

Also from the Sifted newsroom:

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Packaging Unwrapped — our latest report

Plastic may be a miracle material, but it comes at a huge cost to our planet. So what are the sustainable alternatives? And who are the pioneers making them? Our latest report reveals the businesses turning their backs on plastic.

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😬 ‘It was terrifying’: How 48 nightmare hours for European tech founders unfolded as SVB collapsed.

💰 SVB UK is still funding loans. According to messages seen by Sifted from members of SVB UK staff, clients are able to access new credit and pre-existing loans. But while it's business as usual for now, questions remain around what the future of the bank's lending schemes could look like under HSBC.

⏭ VCs are ‘absolutely to blame’ for SVB chaos, says Seedcamp’s Reshma Sohoni. Next time crisis hits, investors would do themselves and their portfolios a favour by avoiding panic. In the meantime, startup founders and CFOs have some practical items on their to-do list, as we covered in our flash Sifted Talks yesterday.

Pie chart showing the split between junior, mid-level and senior job adverts in VC in 2022

That's the amount startup founders received from the UK government's R&D tax credit scheme in the year to April 2021.

But that support is set to be slashed, which has miffed British founders. Over 250 of them have urged Jeremy Hunt, the British chancellor, to reverse proposed cuts in his spring Budget today.

They warned that the cuts would have a “seismic impact” on the UK’s startup ecosystem, and cost the average startup £100k a year.

🏭 Inside Northvolt's IPO plans. The lithium-ion battery scaleup's raised $8bn so far, from investors including Spotify founder Daniel Ek — and now it's turning its attention to the public markets.

🇪🇸 Spain wants to tempt global talent — but what's missing? Spain's Startup Law promised a new lease of life for the country's tech ecosystem — but since the body in charge of it was scrapped, will that fizzle out?

👯‍♂️ What's it like being a co-CEO? Pairs of entrepreneurs at the helm of startups reveal what it's really like to share the load of running a company.

🌳 The growth investor looking for climate and AI startups. Avid Larizadeh Duggan, senior managing director of Canadian venture fund Teachers’ Venture Growth, shares which sectors he has his eyes on and advice for tough times.

💪 "Building a successful business doesn’t automatically make you a good guy" — it's your values that count, says Robert Falck, CEO and founder of Einride.

🏪 How new EU policies will impact ecommerce marketplaces — and how payments tech can help. (Sponsored by Viva Wallet)

🛍 Is the future of shopping still autonomous? (Sponsored by Żabka Future Lab)

Want to work for a startup? One of these roles could be for you

Citymapper, the transport app, is looking for a remote data analyst.
CoachHub, a global talent development platform, wants a vice president of product.
Roomex, a workforce travel app, is after a remote senior frontend engineer.

💰 Series A +

Teitur Trophics, a Danish biotech company working on new treatments for neurodegenerative diseases, raised €28m in Series A funding.
London-based healthtech HelloSelf, a digital therapy and coaching platform, raised $20m in Series B funding led by Octopus Ventures.

💰 Pre-seed and seed

UK-based Legislate, which makes tech allowing users to compare, create, query and sign contracts without the need for outside legal involvement, raised an additional $3.6m in seed funding led by Parkwalk Advisors.
Connectd, a London-based startup that connects entrepreneurs with investors and non-executive directors, raised an additional $2.6m in seed funding.

💰 Undisclosed

Innovamat, a Spanish app that uses gamification to teach the K-8 maths curriculum, has raised €20m.
Intrinsic Semiconductor Technologies, a UK startup that claims its tech can read data up to 100x faster and write it 1,000x faster than existing solutions, has raised £7m from Octopus Ventures, IP Group and the UCL Technology Fund. It’s also secured a £1m grant from Innovate UK.
Danish satellite diagnostics startup QuadSAT has secured €9m in a round led by IQ Capital, and supported by the likes of Seraphim Space.
AG5, a Dutch SaaS platform used to map and track employees' skills and qualifications, has raised €6m.
FrontM, a UK-based platform enabling telehealth, video conferencing, remote assistance and tracking and monitoring for ships, has secured $1.5m.
CollectiveCrunch, a Finnish startup that uses AI to track forest diversity and carbon changes, has raised €1.4m.