Welcome to Swedish Tech Weekly issue #15.
Here is the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- Swedish energy heavyweight Vattenfall has acquired Dutch energy software services startup Senfal. Terms were not disclosed (in English, in Swedish).
- Gothenburg-based headphone company Jays has acquired the German e-commerce company KAVAJ for an initial €900K and an additional earn-out (in English, in Swedish).
News from startups and the tech scene
- Stockholm-based (and Førde, Norway-based) startup Tibber wants to help people reduce their energy costs. The company has raised $12M (€10.6M) in a financing round from Founders Fund and existing investors (in English, in Norwegian).
- Stockholm-based software provider for the hospitality industry Hoist Group has raised SEK100M (€9.6M) in a funding round from among others AP6 - the Sixth Swedish National Pension Fund (in English, in Swedish).
- Jönköping-based software developer for media buying Adgrabber announced securing SEK8M (€767K) in a funding round from angel investor Peter Thomassen (in English, in Swedish).
- Stockholm-based startup CE Check, which wants to improve the process of registering a CE marking, has raised SEK2.3M (€221K) from angel investors (in Swedish, machine translation).
- Stockholm-based startup PE Accounting, which provides a digital accounting solution, has convinced the Swedish bank SEB to become a strategic investor through the purchase of existing shares (in Swedish, machine translation).
- Swedish VC firm EQT Ventures has participated in a $35M (€30.8M) financing round raised by Danish employee engagement startup Peakon, in which it already had been an investor before (in English).
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- Stockholm-based startup Lifvs Scandinavia has opened its first automated, staffless mini grocery store, in the town of Bålsta near Stockholm. Within the next 3 years, the company plans to establish 200 such stores, focusing on locations underserved by traditional grocery retailers (in Swedish, machine translation).
- Stockholm-based e-scooter startup VOI, which just launched in Oslo and Helsinki, had stored information of about 500,000 customers on an unsecured server (in English, in Swedish).
- Meanwhile, e-scooter protagonist #5 in Sweden, Ozon, has launched in its first city: Uppsala (in Swedish, machine translation).
- Profile of Malmö-founded database firm Neo4j, which six months ago raised its biggest financing round so far ($80M).
- Interview with Vendela Lilliestråle of Stockholm-based Qalora, a tech-focused investment bank that helps entrepreneurs with financing and M&A (in Swedish, machine translation).
- Stockholm-based bargain marketplace Fyndiq says it has given up looking for a buyer (in Swedish, machine translation).
- Lerum-based mobility startup Clean Motion and the Gothenburg-based "podtaxi" startup Bzzt are planning to launch the Bzzt service in India (in Swedish, machine translation).
- How Stockholm-based startup Truecaller, maker of a caller ID and block app, wants to build a business around financial services, with Truecaller Pay.
- Anna Bäck is new CEO of the leading Swedish digital mailbox service Kivra (in Swedish, machine translation).
Other news and interesting things to read
- Lengthy piece investigating the durability issues and sustainability challenges of e-scooters (in Swedish, machine translation).
- Malmö is booming as an European capital for game development (in Swedish, no machine translation available).
- Ericsson could have created WhatsApp, says the Swedish IT entrepreneur Jonas Birgersson (aka "Broadband Jesus"") in an interview. He laments Sweden's decreased speed in getting from "Sweden 2.0" to "Sweden²", but says it is not too late yet (in Swedish, machine translation).
- Swedish investor Hampus Jakobsson on how founders are dealing with mental health issues.
- IKEA will soon launch a Sonos-powered connected speaker.
- After years of unprecedented growth for the startup and VC ecosystems, the next downturn is looming. Helsinki, Finland-based early-stage VC Maki Ventures outlines what's awaiting the (Nordic) tech ecosystem.
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