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News from the Swedish startup and tech sector




Welcome to Swedish Tech Weekly issue #5. I hope 2019 has started for you as good as possible!
With the next issue on January 21, this newsletter will be back on the weekly Monday publishing schedule.

By the way, if you like Swedish Tech Weekly, please tell a friend or colleague about it - or an enemy that you want to turn into a friend. The signup page is swedishtechweekly.com.

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Exits and funding rounds
  • Chinese tech giant Tencent has acquired a 36 % stake in Stockholm-based games developer Fatshark, reportedly for SEK500M (€48.8M).
     
  • Lund-based e-commerce analytics platform Divvit has been acquired by the London-based marketing technology company Ve Global for an undisclosed amount.
     
  • Stockholm-based rewards and customer loyalty app startup Wrapp has been bought by London-based fintech startup Meniga for an undisclosed amount.
     
  • Stockholm-based startup Accedo, provider of OTT video experience solutions, announced that it secured a $17M capital investment round from existing investor SEB Private Equity.
     
  • Stockholm-based startup Acuminor, provider of solutions for financial crime risk assessments, secured SEK15M (1.5M) in funding from newly founded Brightly Ventures (article in Swedish).
     
  • Mindler, a Stockholm-based startup providing app-based video sessions with psychologists, raised SEK12M (1.2M) from Luminar Ventures.
News from startups and the tech scene
  • For the Swedish VC firms Northzone and Creandum, 2018 has been a record year, thanks in part to the Spotify IPO and iZettle exit (article in Swedish, paywall).
     
  • Yubico, provider of solutions for secure logins founded in 2007 by Stina Ehrensvärd and today headquartered in Silicon Valley, announced the first Lightning security key for iPhones.
     
  • Stockholm-based eye tracking specialist Tobii partners with HTC to integrate its technology into a new HTC VR headset.
     
  • Five years after it was acquired by an U.S.-firm, widely popular website monitoring and performance management service Pingdom from Västerås plans to kill its free service.
     
  • Stockholm-based health app Lifesum is now available on Google Assistant.
     
  • Stockholm-based open banking startup Tink had its valuation increased to SEK2B (€200M) (article in Swedish, machine translation).
     
  • Interesting race: At least three different Swedish startups/services offering monthly audiobook subscriptions are currently in heavy expansion mode, with Germany appearing to be a major focus: Bookbeat (already live), Nextory, Storytel.
     
  • Swedish e-scooter startup Voi is designing a winter scooter that can survive through the snow and its slippery roads.
     
  • French ride sharing service and Uber rival Heetch is leaving the Swedish market (article in Swedish, machine translation).
Other news and interesting things to read
  • Interesting perspective from Chinese-born engineer Hongchao Liu (who’s been working in Sweden for many years) on the attractiveness of Sweden for tech experts and engineers.
     
  • Of course, non-EU tech experts can face certain challenges in Sweden related to immigration bureaucracy, as detailed by Mimi Billing in this feature article.
     
  • Finland is pushing to bring basic AI knowledge to its population, and according to this Politico piece, there are plans to partner with Sweden and Estonia to become Europe’s No. 1 “laboratory” for AI test trials.
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Check out my other newsletter, filled with interesting, insightful and thought-provoking things to read about the digital world: weekly.meshedsociety.com.

Martin
martin@swedishtechweekly.com
Copyright © 2019 Swedish tech weekly, All rights reserved.


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