Welcome to Swedish Tech Weekly issue #25.
Here is the latest from Sweden's tech and startup industry.
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- 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).
News from Swedish startups and the tech scene
Other news and interesting things
- 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).
- 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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