Welcome to Swedish Tech Weekly issue #43.
Bringing you the latest from Sweden's tech and startup industry.
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Mergers and acquisitions
- Sinch, a Stockholm-based communications platform for mobile engagement spun out of Rebtel in 2014, will acquire Paris-based competitor myElefant for €18.5M ($20M) with an additional future cash earnout of up to €3M (English, Swedish).
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- 24Storage (Stockholm, providing self storage services): SEK128M (€12M, $13M) from existing investors (English, Swedish / DI Digital paywall).
- Meds (Stockholm, online pharmacy): SEK42M (€3.9M, $4.2M) from existing investors (English, Swedish).
- Mtek Industry (Alfta, maker of software, solutions and services for real-time intelligent and collaborative production): SEK20M (€1.85M, $2M) from ABB and Almi Invest (Swedish / DI Digital paywall, Swedish #2, machine translation).
- Mevia (Gothenburg, developer of solutions to solve the problem of non-adherence): SEK4.5M (€420K, $450K) from Almi Invest, Spira Invest, existing investor Chalmers Ventures and angel investors (Swedish, machine translation).
- Dib Travel, formerly "Dib Hotel" (Stockholm, travel booking solution for corporate travel): SEK4.5M (€420K, $450K) from angel investors (English, Swedish).
- Swedish VC firm Creandum participated in a €5.5M ($6M) Series A funding round raised by Hungarian startup Shapr3D, maker of "the world’s leading 3D design app for iPad" (English).
- Swedish VC firm EQT Ventures led a €6.4M ($7M) Series A funding round raised by Berlin-based BEAT81, which facilities tech-driven group fitness classes (English).
News from Swedish startups and the tech scene
Other interesting things
- Swedish tech news site Breakit, which pioneered the concept of a dedicated Swedish-language outlet covering the tech and startup scene, will launch a paid content offering (Swedish).
- Flow, a Malmö-based medical device and therapy startup, has officially launched its chatbot therapist for iOS (however, it had already been available earlier, as reported in Swedish Tech Weekly issue #13). An Android version will follow (English).
- Bambuser, a Stockholm-based video streaming company, has launched a live video shopping solution for retailers (Swedish, machine translation).
- Just as Swedish fintech Bynk is gearing up to launch its payment card and banking service, Dutch neobank bunq this week made its offering available across Europe, including Sweden (English).
- Berlin-based VC firm Project A does now have a presence in Stockholm (English).
- Among Swedish Spotify users, streams by indie artists are increasingly taking market share from artists signed by major labels, according to data from Swedish music distribution startup Amuse. One major label representative quoted in this article by Music Business Worldwide accuses Spotify of actively channeling its users away from major record company content in Sweden (English).
- Apple will increase prices for App Store purchases in SEK, due to the weak Swedish krona (English).
- Stockholm is ranking #1 among smaller cities in the recently released Global Cities' AI Readiness Index, followed by Amsterdam and Munich. However, neither the Swedish capital nor any other city is "close to being ready for the challenges ahead" (English).
- 55 different McDonalds locations throughout Sweden feature a charger for electric vehicles, and the number is said to be growing (English).
- Polestar, Volvo’s electric car brand, has released the price for the "Polestar 2" for the Swedish market: The initially available top version will go for SEK659,000 (Swedish).
- Jessica Meir became the first female Swedish citizen in Space (English).
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