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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).
Financing rounds
  • 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).
News from Swedish startups and the tech scene
  • 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).
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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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