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Welcome to Swedish Tech Weekly issue #137.
Bringing you the latest from Sweden's tech and startup industry.

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Mergers & acquisitions
  • Tipser (Stockholm, software solution to transform any content platform into an e-store) was acquired by US-based checkout technology company Bolt, for an amount "just shy of $200M" (English, Swedish / DI Digital paywall).
Financing rounds
  • Quinyx (Stockholm, provider of workforce management solutions): $50M in a new funding round led by existing investor Battery Ventures (English, Swedish).
  • Awardit (Stockholm, SaaS provider of loyalty programs): SEK192M (€19M, $21M) through a directed share issue (English, Swedish).
  • Carla (Stockholm, online store for used electric vehicles): €10M ($11M) in a Series A funding round led by VNV Global, with participation from Inbox Capital, Luminar Ventures, Max Ventures and angel investors (English, Swedish).
  • Hailey HR (Stockholm, SaaS HR solution): SEK30M (€3M, $3.3M) from 41:an Invest and angel investors (English, Swedish).
  • Youple (Stockholm, fintech with an upcoming solution in the home buying sector): SEK30M (€3M, $3.3M) from Neptunia Invest, Philian and existing investors (English, Swedish / DI Digital paywall).
  • Mantle (Stockholm, wellness brand for CBD products): SEK25M (€2.5M, $) from Samos Investments and angel investors (English, Swedish).
  • Spektrum Sports (Åre, D2C brand for bio-based eyewear): SEK18M (€1.8M, $1.9M) from angel investors (Swedish, machine translation).
  • Granode Materials (Sundsvall, developer of next generation anode material for the energy storage market): SEK12M (€1.2M, $1.3M) from Almi Invest and angel investors (English, Swedish).
  • ArK (Stockholm, alternative lending provider for startups): undisclosed amount from angel investors (English, Swedish / DI Digital paywall).
  • Swedish investment firm Kinnevik invested $115M in Spain-based temporary workforce marketplace Jobandtalent (English).
  • Swedish VC firm EQT Ventures led a €12M funding round raised by German startup Timeless, which lets users invest fractional shares in luxury and cultural assets (English).
  • Swedish VC firm Partinc Capital invested SEK30M (€3M, $3.3M) in Dutch supply chain platform TIE Kinetix (English).
News from Swedish startups and the tech sector
  • Toca Life World, a playful learning app for kids created by Stockholm-based studio Toca Boca, won Apple's "iPhone App of the Year" award (English).
  • Exeger, the Swedish manufacturer of flexible solar cells made to power gadgets, invested an undisclosed amount in Dutch loudspeaker technology startup Mayht (English).
  • ArK is a newly founded Stockholm-based alternative lender for startups founded by Axel Bruzelius, Oliver Hildebrandt and Henrik Landgren. Meanwhile, Spanish-American lender Capchase also announced its expansion to Sweden, Finland and Denmark (English).
  • FLOX, a KTH spin-off founded by Sara Nozkova in 2020, develops drone-based technology for wildlife management (Swedish, machine translation).
  • Volta Trucks, Swedish electrical truck startup, received "Europe’s largest full electric truck order" from German logistics provider DB Schenker, comprising almost 1500 trucks (English).
  • Staccs, Stockholm-based platform for concert video and music documentaries, launches Staccs Originals to produce exclusive content (English).
  • Logcast, Stockholm voice-first social network, is launching in the US and plans to integrate NFT into its offering (Swedish, machine translation).
  • Norrsken Foundation’s hub opens in Rwanda, to house 1,000 entrepreneurs by next year (English).
  • Stockholm-based Posterton, an online store for posters, recently raised SEK18M. Now Swedish furniture chain Mio revealed that it is among the investors and acquired a "major stake" (Swedish, machine translation).
  • In a Twitter thread, Quartr CEO and co-founder Sami Osman expresses worries that Swedish startups and tech companies often might be selling too early (Swedish).
  • Since its founding in 2019, Stockholm-based B2B SaaS company builder Hidden Dreams has created 12 startups; aims for a total of 50 until 2024 (Swedish, machine translation).
  • EQT Ventures is going to set up a scout programme according to Sifted, which also provides a list of known scout programmes in Europe (English).
  • Swedish VC Tatiana Shalalvand is leaving Inventure to join Kinnevik as Investment Director (Swedish, machine translation).
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Other interesting things
  • Boards are dangerous to startup founders/CEO (English).
  • Harmonized European crowdfunding rules went into effect (English).
  • Magdalena Andersson is Sweden's first female PM (and returns after resignation) (English). Related: How did politics in Sweden get so fiendishly complicated? (English / The Local paywall).
  • Sweden's new Minister in charge of digital, Khashayar Farmanbar, studied computer engineering, has a background as entrepreneur and holds a patent (Swedish, machine translation).
  • Hyper Island, Stockholm-headquartered international digital creative business school, was acquired by Italian coworking network and educational institute Talent Garden (English).
  • IKEA email systems hit by ongoing cyberattack (English).

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