Welcome to Swedish Tech Weekly issue #21.
Here is the latest from Sweden's tech and startup industry.
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Mergers and acquisitions
- Stockholm-based startup Acast, which bills itself "the largest global podcast company", has aquired New York City-based startup Pippa, which offers hosting, analytics, and monetization for podcasts. The Swedish podcast race between Spotify and Acast is on (in English, in Swedish)!
News from Swedish startups and the tech scene
- Crosser Technologies (Stockholm, designs and develops streaming analytics and integration software for any edge, on-premise or cloud): SEK30M (€2.8M) from Industrifonden and 42CAP as well es existing investors Spintop Ventures, Almi Invest and Norrlandsfonden (in English, in Swedish).
- Ekkono (Varberg, specalized in machine learning for IoT): €1.8M (SEK19M) from Lindeblad Venture and existing investors Walerud Ventures and Almi Invest (in English, in Swedish).
- Exeri (Luleå, developing a solution for "smart grid surveillance"): SEK10M (€937K) from Skellefteå Kraft (in Swedish, machine translation).
- PainDrainer (Lund, developer of a solution that lets patients self-manage chronic pain): SEK6.7M (€628K) from angel investors (in English).
- YourPDI (Stockholm, a mobile app for storing and organizing important information and documents): SEK2.1M (€197K) from Virtual Force, in the form of software development services (in English, in Swedish).
- Swedish VC Northzone has particpated in a $21M Series B raised by Denmark-based virtual laboratory simulations startup Labster (in English).
- Swedish investment company Kinnevik has invested additional SEK300M (€28.1M) in Norwegian grocery online store Kolonial (in English, in Swedish).
Other news and interesting things
- Stockholm-based startup Fidesmo will launch its contactless payment solution for wearables in Norway next week (in English).
- SprinkleBit, a social investing platform based in New York founded and led by the Swede Alexander Wallin, will launch a Chinese version unter the name SikeBit (in Swedish, DI Digital Paywall).
- Profile of Örebro-based fintech Transfer Galaxy, which wants to make remittances cheaper, safer and smarter (in Swedish, free Veckans Affärer registration required).
- Swedish tech news site Breakit has called on the country's startups and tech firms to join a 30 day challenge to reduce their climate footprint. Within a few days, about 250 companies and organizations have joined. You can see them all here (scroll down a bit).
- Sven Carlsson och Jonas Leijonhufvud, journalists at the other major Swedish startup/tech publication DI Digital, have written a book about Spotify which will be published tomorrow. One of their revelations: CEO Daniel EK planned to launch "Spotify TV" but eventually abandoned the idea (in Swedish, machine translation).
- AYO is a new Swedish e-scooter service which just launched in Stockholm. Unlike the competition, AYO focuses on providing its scooters through partners such as hotels and for longer periods (in Swedish, DI Digital paywall).
- Rankings of the top iOS/Android apps worldwide by publishers based in Sweden, by downloads in Q1 2019: Spotify (which just hit the 100M paying subscribers mark) and Truecaller being in the lead (in English).
- New Finland-headquartered VC firm Voima Ventures has announced a €50M fund to invest in deep-tech startups across the Nordics and Baltics (in English).
- Sting, "Sweden’s no. 1 accelerator & incubator for tech startups", has released its annual report for 2018 (in English, PDF).
- Sweden is ranked 8th "least free" in the "Nanny State Index", a ranking of the EU countries based on freedom to eat (junk), drink, smoke & vape (in English).
- Swedish telecommunication operator and former state telephone monopolist Telia says there won't be a major 5G rollout in the country this year (in Swedish, SvD paywall).
- The police of Southern Swedish city Malmö will use loudspeakers to fight crime from a distance (in English).
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