Welcome to Swedish Tech Weekly issue #111.
Bringing you the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- glō (Lund, developer of advanced LED products using nanotechnology) has been acquired by US-based nanotechnology company Nanosys for an undisclosed amount (English).
- Klarna (Stockholm, payments and shopping provider) has acquired US-based startup Toplooks, developer of AI Technology to turn product content into shoppable commerce. Terms were not disclosed (English, Swedish).
News from Swedish startups and the tech sector
- Doktor.se (Stockholm, digital healthcare provider): SEK510M (€51M, $62M) from Consensus Fonder, Skabholmen Invest and existing investors (English, Swedish).
- Curb Food (Stockholm, dark kitchen operator): €20M ($24M) in a funding round led by Point72 Ventures with participation from existing investor EQT Ventures (English).
- Maven Wireless (Stockholm, provider of solutions in wireless coverage): SEK84.3M (€8.4M, $10.2M) through an IPO (Swedish, machine translation).
- Heja (Stockholm, communication platform for sports teams): $4.2M in a seed round led by Peak Capital, with participation from existing investors (English).
- Teemyco (Stockholm, customisable virtual office platform): SEK27M (€2.7M, $3.3M) from 42CAP, existing investors and angel investors (English, Swedish).
- Mobila Doktorn (Stockholm, app for booking home visits by doctors): SEK20.8M (€2.1M, $2.5M) from angel investors (English, Swedish / DI Digital paywall).
- Coupleness (Stockholm, app for couples to easily track & share feelings): SEK9.3M (€920K, $1.1M) from Icebreaker and angel investors (English, Swedish).
- Vaam (Stockholm, video messaging tool for sales pitches and customer communication): undisclosed amount from Innovation Nest and angel investors (Swedish / Breakit paywall).
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- Podcast company Acast confirmed its plan to go public in Stockholm this month, at an estimated valuation of about SEK6.8B (€676M, $820M) (Swedish, machine translation).
- Freja eID, Stockholm-based developer of electronic identification technology, is piloting a solution for performing a payment transaction using facial recognition, aimed at improving daily life for disabled persons (Swedish, machine translation).
- Sellpy, Swedish second hand platform owned by H&M, is launching in 20 additional European markets (English, Swedish).
- After Snoop Dogg and Lady Gaga, even US Rapper A$AP Rocky has invested in Klarna (English).
- Swedish VC firm EQT Ventures is using its AI-based deal sourcing tool "Motherbrain" to find more female founders to invest in (English).
- Interview with Natural Cycles’ co-founder and CEO, Elina Berglund, on the company's journey (English), and a 🎧 podcast interview with Kry/Livi CEO and co-founder Johannes Schildt on the state and future of telemedicine (English, 30 minutes).
- Anna Ottosson, co-founder of Swedish foodtech investment firm Trellis Road, writes about learnings from one year of investing in high-impact foodtech (English).
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Other interesting things
- Europe’s cookie consent reckoning is coming (English).
- Life expectancy in Sweden decreased in most groups in 2020 (English).
- Sweden's natural forests, and those who are dependent on them, have come under high pressure in recent years (English).
- Kiruna Airport first to introduce remote air traffic services (English, Swedish).
- I'll take a week or maybe a few more days off, so next issue won't come next week. Overall, the publishing frequency might be a bit irregular during the next 2 months, since it's summer now in Sweden and I want to take things easy. I hope you understand :)
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