Welcome to Swedish Tech Weekly issue #119.
Bringing you the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- Klarna (Stockholm, payments and shopping provider) acquired Stockholm-based influencer marketing platform APPRL. The price was not disclosed (English, Swedish).
- Surgical Science (Gothenburg, supplier of virtual reality simulators for medical training) acquired the medical simulation business Simbionix from the US-based company 3D Systems for $305M (English).
News from Swedish startups and the tech sector
- Omocom (Stockholm, provider of on-demand microinsurance for the circular economy): €4,5M ($5.4M) from Lightbird Ventures and existing investors such as Alma Mundi Ventures (English, Swedish).
- Scapin' (Stockholm, virtual spaces platform): SEK30M (€3M, $3.5M) in a funding round led by Creandum and with participation from Heartcore Capital (English, Swedish / DI Digital paywall).
- Stratipath (Stockholm, AI-based precision diagnostics for cancer treatment): SEK20M (€2M, $2.3M) from Creades, Nascent Invest and the Rahmström family (English, Swedish / DI Digital paywall).
- Greenely (Stockholm, energy usage analytics for consumers): SEK19M (€1.9M, $2.2M) from Silicon Valley Bank and existing investors (English, Swedish).
- Dentech (Stockholm, provider of digital solutions for dentists): undisclosed amount from Novax (English, Swedish).
- Swedish VC firm Alfvén & Didrikson led a $175M combined equity and debt Series B round raised by UK-based electric vehicle subscription startup Onto (English).
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- Spotify makes paid shows from Acast and more playable from its app (English).
- Carl Pei's London-based startup Nothing officially revealed its $99 Ear (1) true wireless earbuds (English).
- Shared e-scooters have become one of this summer's most polarizing topics in many Swedish cities. In Stockholm alone, there are now 21,000 (!) shared e-scooters available for rent on the streets (Swedish, machine translation).
- It's a busy year for Swedish VC firm Industrifonden, which focuses on investments in transformative technologies and industries of tomorrow (Swedish, machine translation).
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Other interesting things
- Silicon Valley-headquartered VC firm Accel has opened up the submissions for its 2021 Euroscape: the list of Europe's and Israel’s top 100 SaaS companies (English).
- The danger of early hype in consumer social apps (English).
- The websites of 20 out of the 21 Swedish counties load third party content from US-based cloud services, raising questions about GDPR and the personal integrity of users (Swedish, machine translation).
- Polestar to double global market and retail presence by year’s end (English).
- Swedes have long embraced their version of staycations: hemester. Now, Covid-19 travel restrictions and remote working are reshaping the tradition (English).
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