Welcome to Swedish Tech Weekly issue #24.
Here is the latest from Sweden's tech and startup industry.
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Mergers & acqusitions
- Malmö-based game developer Sharkmob, founded in 2017, has been acquired by Chinese internet giant Tencent. The price was not disclosed (in English, in Swedish).
- Karlstad-based game studio THQ Nordic acquired the German game studio Piranha Bay. The price was not disclosed (in English, in Swedish).
News from Swedish startups and the tech scene
- Northvolt (Stockholm, energy storage): €350M (€32.6M) as a loan from the European Investment Bank (in English, in Swedish).
- Nilar (Gävle, energy storage): SEK327M (€30.4M) in a pre-IPO private placement from First Swedish National Pension Fund (AP1), AFA Insurance (AFA) and others (English, Swedish original source / DI Digital paywall, Swedish #2).
- Mina Technologies (Gothenburg, subscription management solutions): SEK60M (€5.6M) Series A led by Zenith Group accompanied by Visa and existing investor Swedbank (English, Swedish).
- Tracklib (Stockholm, music service that enables music creators to discover, sample and license original recordings): $1.7 (€1.52M) from Sony Innovation Fund and others (in English).
- Racefox (Stockholm, digital coach for physical exercises): SEK15M (€1.4M) led by Spintop Ventures (in English, in Swedish).
- Fundler (Stockholm, mobile robo-advisor): SEK7.5M (€690K) from JNE Invest and others (English, Swedish).
- Splitgrid (Örebro, secure payment solution for retail): SEK7.5M (€690K) from Collector, Almi Invest, Innovestor and business angels (in English, in Swedish).
- Bzzt (Gothenburg, electrical podtaxis for short-range trips): SEK7.5M (€690K) as a grant from the Swedish Energy Agency (in English, in Swedish).
- Sigmastocks (Gothenburg, digital investment tool): SEK7M (€650K) from Collector Ventures and existing investors (in English, in Swedish).
- Peafowl Solar Power (Uppsala, developing plasmonic solar cell technology): SEK5M (€466M) from Almi Invest and angel investors (in English, in Swedish).
- Swedish VC firm Northzone participates in a $51M Series A raised by London-based startup Wagstream, which works with employers to let employees access parts of their salary faster (in English).
- The VC arm of IKEA, Ingka Investments, has invested in the India-based startup Livspace, which offers a one-stop-shop for interior design (in English).
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- Malmö-based street-level imagery startup Mapillary is launching a marketplace for street-level images and map data (in English, in Swedish).
- Flic, a brand created by Stockholm-based startup Shortcut Labs, will release the second generation of its smart button for the home (in English, in Swedish).
- Wayke, a classifieds market place for cars which was launched to steal market share from Swedish classifieds juggernaut Blocket, is struggling with getting near this goal (in Swedish, machine translation).
Other news and interesting things
- Scandinavian Airlines (SAS) is teaming up with aircraft maker Airbus to research ecosystem and infrastructure needs for hybrid and electric aircraft (in English).
- Longread from The Guardian on the murder of Swedish prime minister Olof Palme in 1986, which is unsolved and "still haunts Sweden" (in English).
- MIT and Stockholm's KTH Royal Institute of Technology have announced a research collaboration focused on using artificial intelligence, big data, and new sensor technologies for urban planning and development in Stockholm (in English).
- Swedish distillery Mackmyra Whisky, technology company Fourkind, and Microsoft teamed up to produce the world’s first AI-created whisky (in English).
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