Welcome to Swedish Tech Weekly issue #134.
Bringing you the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
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- Matsmart / Motatos (Stockholm, online seller of surplus production and overstocks): SEK240M (€24M, $27.5M) in a funding round led by Blume Equity, with participation from existing investors (English, Swedish).
- Sigrid Therapeutics (Stockholm, health tech company aiming to prevent and treat chronic lifestyle diseases): SEK72M (€7.2M, $8.4M) from several Swedish family offices (English, Swedish).
- Forza Ikonia (Gothenburg, walletless NFT platform with card payments): $1.25M from True Global Ventures 4 Plus (English, Swedish / Breakit paywall).
- AirForestry (Uppsala, developer of drone technology for forest thinning): SEK9M (€900K, $1M) from Walerud Ventures and angel investors (English, Swedish).
- Wndy (Stockholm, platform to connect entrepreneurs with HR professionals): SEK3.5M (€350K, $400K) from angel investors (English, Swedish).
- Zipadoo (Gothenburg, e-commerce platform for physical retail): undisclosed amount from angel investors (English, Swedish).
- Prima Materia, Daniel Ek's new investment company, will put €100M into Helsing, a Germany-headquartered defence AI company (English, Swedish).
News from Swedish startups and the tech sector
Other interesting things
- Flightradar24, global flight tracking service from Stockholm, has reportedly been banned in China (English).
- An updated version of Sting's map of Swedish climate action startups (English).
- iBoxen, Stockholm-based startup that wants to establish a nationwide open infrastructure of delivery boxes, scores last-mile delivery company Airmee (which is rumored to have received a strategic investment from Amazon) as new partner (Swedish, machine translation).
- EQT Ventures made an approximate 200x return on its first investment in Finnish delivery app Wolt, which is being acquired by US delivery service DoorDash for €7B in an all-stock deal (English, Swedish).
- Finland-founded VC firm Inventure is looking for an Investment Director in Stockholm (English).
- 🎧 Podcast interview with Karl Broomé, managing director for Sweden at the UK-based commission free trading app Freetrade, which is currently establishing a European hub in Stockholm and is awaiting regulatory approval for launching in Sweden (Swedish, 27 minutes)
- The rise of media-first investors (English).
- How to describe a new innovative digital product to someone who hasn't used it yet (English).
- Lund University's Civil Aviation Academy has been certified as Sweden's and Europe's first authorized drone pilot school (Swedish, machine translation).
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