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Welcome to Swedish Tech Weekly issue #25.
Here is the latest from Sweden's tech and startup industry.

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Financing rounds
  • Kaching (Stockholm, provider of mobile cash solutions for the retail industry): SEK48.5M (€4.6M) from Swedbank and angel investors (English, Swedish).
     
  • Open Payments (Stockholm, open banking platform in accordance with PSD2): SEK13.5M (€1.25M) from Brightly Ventures, Luminar Ventures and several business angels (English, Swedish).
     
  • PodMe (Stockholm, podcast platform): SEK12.5M (€1.2M) in capital investment as well as debt to shares conversion, offset against previous liabilities, from Schibsted and others (English, Swedish).
     
  • Yepstr (Stockholm, gig worker marketplace for household chores): SEK10M (€940K) from Schibsted Growth, Beijer Invest and angel investors (English, Swedish).
     
  • Fundedbyme (Stockholm, crowdfunding platform): SEK3.8M (€360K) from angel investors (Swedish, machine translation).
     
  • Cling (Stockholm, helping smaller companies cover the sales cycle from quote to invoice): SEK3M (€280K) from CG Partners an others (English, Swedish).
     
  • GoFrendly (Stockholm, social network for women to make new friends): SEK2M (€190K) from existing investors (English, Swedish).
     
  • imagiLabs (Stockholm, creator of programmable accessories for teen girls to get interested in programming): SEK1.55M (€145K) from Propel Capital and angel investors (English, Swedish). In addition, the company has just launched its crowdfunding/pre-order campaign.
     
  • Swedish VC firm Creandum is leading a £10M financing round raised by London-based life insurance startup yulife (English).
     
  • Swedish construction company Skanska has invested an undisclosed amount in Bergen, Norway-based startup Ditio, which built a software solution that digitizes the information flow in a construction project (English).
     
  • Volvo Cars Tech Fund invests in Finnish augmented reality startup Varjo with which it also partners (English, Swedish).
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News from Swedish startups and the tech scene
  • E-scooter startup VOI has secured a contract with the city of Stockholm to operate a large-scale e-bike sharing system. The deal has a worth of SEK400M (€37.6M) over a period of 7 years (Swedish, machine translation).
     
  • A look at some of the startups that recently joined the accelerator program Fast Track Malmö. Some moved from abroad to the southern Swedish city (in English).
     
  • After 16 years, Riccardo Zacconi, co-founder of Swedish game developer King (maker of Candy Crush), is leaving the CEO role (in Swedish, machine translation).
     
  • Microsoft CEO Satya Nadella visited Stockholm and praised Swedish tech (Swedish, machine translation).
     
  • Stockholm-based music hardware company Teenage Engineering has launched a record label. The rules for release: The song must use at least one Teenage Engineering instrument, and it must be good (in English).
Other news and interesting things
  • Even one year after the EU General Data Protection Regulation (GDPR) came into effect, no company or organization in Sweden has received a penalty from the Swedish Data Protection Authority yet (in Swedish, machine translation).
     
  • IKEA will launch an app to allow customers to shop remotely for products they can visualize in the context of their own homes. It'll be available in IKEA's top 8 markets by the end of the year (in English).
     
  • Swedish healthy fast food chain Panini is testing QR-code based purchases in 4 stores. Customers can walk in, take what they want, scan the code with their smartphone and leave (Swedish, machine translation).
     
  • A new recycling facility which was just inaugurated in the locality of Motala, will be able to process the plastic waste of all Swedish households, 120,000 ton a year. The highly automatized plant only requires a staff of about 40 people (in Swedish, machine translation).
     
  • For the first time in its history, German car maker Daimler gets a CEO who doesn't originate from Germany: The Swede Ola Källenius will now lead the group (in English).
     
  • Stockholm's new metro trains have Pac-Man figures and ghosts hidden in the ventilation grill (in English).
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Martin
martin@swedishtechweekly.com
@swedishtechwkly
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