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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)!
Financing rounds
  • 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).
News from Swedish startups and the tech scene
  • 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).
Other news and interesting things
  • 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).
End note
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