View this email in your browser

Welcome to Swedish Tech Weekly issue #115.
Bringing you the latest from Sweden's tech and startup industry.

If this email has been forwarded to you, you can sign up for free at
Mergers & acquisitions
  • MTG (Stockholm, digital entertainment holding company) acquired Indian game studio startup PlaySimple for at least $360M (English, Swedish).
  • Pointsharp (Stockholm, provider of secure login solutions) acquired Stockholm-based SecMaker, provider of certificate-based security solutions. The price was not disclosed (English, Swedish / DI Digital paywall).
Financing rounds
  • Hiber (Gothenburg, browser based game creation and social gaming platform): SEK121M (€12M, $14M) in a funding round led by EQT Ventures, with participation from CMT Digital and existing investors (English, Swedish).
  • Saga Diagnostics (Lund, personalized cancer medicine and disease monitoring): SEK106M (€10.5M, $12M) in a Series A2 financing round led by Segulah Medical Acceleration and the Sciety investment syndicate, with participation from existing investors (English).
  • Fast Travel Games (Stockholm, VR games development studio): SEK34M (€3.4M, $4M) in a funding round led by Brightly Ventures, with participation from existing investors (English, Swedish / Breakit paywall).
  • Mindmore (Stockholm, platform for self-administered digital cognitive tests): SEK11.5M (€1.1M, $1.3M) from Svanberg & Co Invest, Soläng Invest, Almi Invest and Laurent Leksel, for the expansion into Germany (English, Swedish).
  • House Be (Åre, operator of co-working spaces in northern Sweden): SEK6.5M (€650K, $750K) from undisclosed new investors as well as existing shareholders (English, Swedish).
  • Zeptagram (Gothenburg, blockchain-based trading platform for music rights): SEK6M (€600K, $700K) from various investors (English).
  • Eyescanner (Gothenburg, AI-based software for drug testing): SEK5M (€500K, $600K) from Optimizer Invest and others (English, Swedish).
  • Organista (Stockholm, direct-to-consumer brand for products to organize suitcases): SEK5M (€500K, $600K) from angel investors (English, Swedish).
  • Modvion (Gothenburg, developer of modular wind turbine towers in laminated wood): undisclosed amount from existing investor Vestas (English / PDF).
  • Swedish VC firm Spintop Ventures co-led a NOK55M (€5.4M, $6.4M) funding round raised by Norwegian audio technology startup Nomono (English).
News from Swedish startups and the tech sector
  • Last year, 11 percent of the capital invested in 1000 Sweden-based tech startups went to mixed-gender founder teams, an increase of about 5 percent compared to 2019. 1 percent went to women-founded companies, the same as in 2019. 5.2 percent of the 1000 startups included in the analysis were founded by women (Swedish / DI Digital paywall, Swedish #2, machine translation).
  • Stockholm-based Zettle, formerly iZettle and owned by PayPal, is launching its point-of-sale system in the US, to compete with Square and others (English, Swedish).
  • Rustam Nabiev, co-founder of Sweden-based non-profit Shifo, received the very first KTH Innovation Award. Shifo developed a Smart Paper Technology intended to replace existing health management information system forms in developing countries (English).
  • Lin Kowalska launched Popswap, an app-based community for "swapping" clothes through a Tinder-style swiping mechanism (English).
  • Potato Plastic, a startup from Gothenburg that won DI Digital's Female Founders startup pitch competition last year, will shut down, as the team didn't find a working business model around their idea of turning potato waste into biodegradable plastic (Swedish, machine translation).
  • Malmö's angel investor network Fast Track Capital has secured SEK50M in fresh funds to invest in early-stage startups from southern Sweden (Swedish, machine translation).
  • Creandum's GP Johan Brenner wrote about the traits of unicorn founders, and about how to spot them at an early stage (English).
This issue of Swedish Tech Weekly has been sent to 871 subscribers. That's 3 more than last issue.
If you enjoy this newsletter, please tell a friend, colleague or business partner about it! Forward this email, recommend on Slack/your team app of choice, or like/retweet this tweet. Or this tweet. Thank you!

Other interesting things
  • Swedish supermarket chain Coop closes 800 stores following Kaseya ransomware attack (English).
  • The bank-owned Nordic mobile payment providers Vipps in Norway, MobilePay in Denmark and Pivo in Finland are to merge and will create a single digital wallet (English).
  • European tech ecosystem grows faster than US or Asia amid VC boom (English).
  • EU startup fund overwhelmed by high demand (English).
  • Sweden stunned by rare shooting of police officer as gang violence worries grow (English).

For any feedback or comments, just hit reply.
Take care!

Copyright © 2021 Swedish tech weekly, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Email Marketing Powered by Mailchimp