Welcome to Swedish Tech Weekly issue #7, bringing you the latest from Sweden's tech and startup industry. Feel free to follow @swedishtechwkly on Twitter.
Exits and funding rounds
News from startups and the tech scene
- The German Voith group has acquired 50 % of Gothenburg-based IoT startup Pilotfish. The price was not disclosed. Pilotfish generated approximately €6M in 2018 (news in English, news in Swedish).
- Doktor.se, Stockholm-based startup offering a service which lets patients and doctors meet over video, has raised SEK100M (€9.7M), led by Bonnier Ventures (news in English, news in Swedish)
- Stockholm-based startup Kognity, which develops "intelligent textbooks" for the education sector, secured SEK40M (€3.9M) in a financing round, led by Norrsken Foundation, with participation from Gullspång Invest (news in Swedish, machine translation).
- Stockholm-based "last mile" delivery startup Airmee has raised SEK38M (€3.7M) from Alfvén & Didrikson, Creades, Trift and others (news in English, news in Swedish).
- Luleå-based provider of software for communications service providers, Netrounds, has raised a Series A investment round led by Swisscom Ventures. The amount was not disclosed (news in English).
- ScientificMed, a Stockholm-based startup operating a digital platform offering e-treatments for cancer patients, announced having raised SEK10M (€970K), led by Bonit Capital (news in English, news in Swedish).
- Stockholm-based recruiting startup Alva Labs raised SEK10M (€970K) from Almi Invest and others (news in Swedish, machine translation).
Other news and interesting things to read
- Zenuity, a company jointly owned by Volvo Cars and Veoneer, has gotten approval from Swedish authorities to operate fully self-driving cars between Stockholm, Göteborg och Malmö (article in Swedish, machine translation).
- SoundCloud co-founder Eric Wahlforss will be stepping down from his day-to-day role as chief product officer and transition into an advisory role for the streaming service effective March 1.
- Tallinn, Estonia-based Uber competitor Taxify, available in dozens of countries, is said to be close to launching in Sweden (article in Swedish, machine translation).
- Spotify will reportedly release an in-car music player later this year.
- Profile of Stockholm-based startup Watty, which provides a hardware solution for people's homes to monitor energy usage.
- Stockholm-based startup Bigheart has launched an app which lets people donate money to charity by watching adds (article in Swedish, machine translation).
- Primetime, a Swedish clone of mobile quiz app HQ Trivia, is expanding to Denmark (article in Swedish, machine translation).
- After 16 years, Cristina Stenbeck leaves the Board of Directors of renowned investment firm Kinnevik (where she was chairman until 2016) to become an independent investor.
- Findec, a new Swedish hub for Fintech, Regtech, Insurtech and Blockchain companies has launched.
- "When I had my first child, there were virtually no examples of VCs who were mothers. Today at Northzone, we have four senior women, two of whom are investing partners, one is an investment manager, and they are all mothers" – Marta Sjögren, partner at Stockholm-based VC Northzone, in a piece on why women investing in women matters.
- Sweden finally got a new government. New minister for Energy and Digitisation is Anders Ygeman, who apparently was kind of a computer geek and hacker in his youth (article in Swedish, machine translation).
- Ygeman has some work to do: In Bloomberg’s annual Innovation Index, Sweden dropped from being the runner-up in 2018, to the seventh spot this year.
- The German fashion retailer Zalando has officially inaugurated its new Nordic fulfillment center near Stockholm.
- Köttbullar anyone? IKEA is testing delivery of ready-to-eat meals in the Netherlands.
- The economics of Spotify and other music streaming services are making songs shorter.
- And something entirely different: New scientific work of Anne Sofie Beck Knudsen suggests that during the Age of Mass Migration (1850-1920), individualists were more likely to leave Scandinavia, generated lasting cultural change towards collectivism and convergence.
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