Welcome to Swedish Tech Weekly issue #17.
Here is the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- KRY (Stockholm, online appointments with health professionals), known as "LIVI" in other markets, has acquired the Stockholm-based e-health startup Hello Shim. The price is not known. The company's therapy app Enjo will be shut down (in English, in Swedish).
- Degoo (Stockholm, cloud storage) has acquired the assets of Wi-Fi startup Instabridge and thereby saved it from bankruptcy (in English, in Swedish).
- FS Data (Helsingborg, webhosting) has been acquired by the international webhosting company Miss Group, which is based in Manchester but has its roots in Sweden. Terms were not disclosed (in English, in Swedish).
News from startups and the tech scene
- Preglife (Stockholm, mobile app for pregnant women and new parents) has raised a funding round from Eequity in the range of SEK50M-SEK90M (€4.8M-€8.6M) (in English, in Swedish).
- Budbee (Stockholm, home delivery) has raised SEK50M (€4.8M) in a funding round from H&M and Kinnevik. The startup plans to use the money to expand to the Netherlands (in Swedish, machine translation).
- Dicopay (Stockholm, mobile invoicing) has raised SEK42M (€4M) in a funding ground led by Schibsted Growth with participation from Resurs Bank and Moore Strategic Ventures (in English, in Swedish).
- 2d fab (Sundsvall, producer of graphene) has raised SEK6M (€576K) in a funding round from E14 Invest, Almi Invest and others (in English, in Swedish).
- Easycom (Borås, e-commerce solutions) has raised SEK6M (€576K) in a funding round from angel investors (in Swedish, machine translation).
- Red Flag (Stockholm, automated accounting solution) has raised SEK5M (€480K) in funding from Aggregate Media (in English, in Swedish).
- Wopify (Västerås, smart recruiting) has raised SEK1.8M (€173K) in funding from angel investors (in English, in Swedish).
- Swedish VC firm Northzone particpates in a Series C funding round of $38M Series raised by Barcelona-based brand protection startup Red Points (in English).
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- Extensive piece on how Stockholm-based birth control app Natural Cycles came to be and the challenges that come with being the first protagonist in that sector (in English).
- Malmö-based street-level imagery startup Mapillary is set to reach 500 million images and unlike competitors does rely heavily on community contributions (in English).
- Techbuddy, a startup from Stockholm which connects gig-working technicians with people in need of tech support, wants to become Europe's answer to Best Buy-owned Geek Squad. The company's founder Tahero Nori came to Sweden as a refugee at the age of 13 (in Swedish, DI Digital paywall).
- Payments company Klarna has launched an "Open Banking Platform", in line with the EU's Payment Services Directive (PSD2) (in English, in Swedish).
- Skilling is a new platform for trading forex, crypto currency, indexes, stocks and commodities, led by former Google Sweden CEO Anders Berglund, and launched by Stockholm-and Malta-based VC firm Optimizer Invest (in English, in Swedish).
- 100 Nordic startups that make a social impact, selected by the Stockholm-based Norrsken Foundation (in English).
- US e-scooter giant Lime has launched in Gothenburg (in Swedish, no machine translation available).
- 84 percent of the SEK13.6B (€1.3B) in venture capital that was invested in Swedish startups last year went to male-only founders/founder teams, 15 percent to mixed teams and only 1 percent to female-only founders/founder teams (in Swedish, DI Digital paywall, in Swedish 2, machine translation).
- Meanwhile, the gender pay gap in Sweden's IT sector is almost entirely gone. In leadership positions, women on average now earn more than men (in Swedish, machine translation).
- byFounders, an early-stage VC firm based in Copenhagen and San Francisco and backed by over 50 startup founders, has closed its first fund at €100M, primarily for seed-stage and Series A startup investments in the Baltics and Nordics (in English).
Other news and interesting things to read
- 12 Swedish startups changing the restaurant industry.
- Sweden wants to revive Europe’s night trains.
- Tomorrow (April 5), the first Swedish-language Netflix original series will premiere.
- Ventilation systems in the Nordics often involve vents located near the floor (and removal vents near the ceiling). A study suggests that such technology may help keeping patients from acquiring infections while in hospitals.
- IKEA will test renting furniture in 2 markets, Sweden and the Netherlands.
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