Welcome to Swedish Tech Weekly issue #59.
Bringing you the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- Spotify is acquiring The Ringer, a US-based creator of sports, entertainment and pop culture (podcast) content. Terms were not disclosed (English).
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- Klarna (Stockholm, payment provider): $200M from Commonwealth Bank of Australia (English).
- Cellink (Gothenburg, 3D bioprinting provider): SEK377 (€35M, $38M) in a directed share issue (English, Swedish).
- Flowbox (Stockholm, SaaS visual marketing platform for brands): SEK80M (€7.5M, $8.2M) in a Series A funding round led by Viking Venture (English, Swedish).
- Formulate (Stockholm, SaaS platform for retailpromotion analysis): €3.7M ($4.1M) in a late-seed round led by henQ, with participation of Industrifonden and J12 Ventures (English, Swedish).
- Woilà (Stockholm, maker of an app that helps consumers to save money in their everyday life): SEK30M (€2.8M, $3.1M) from Schibsted and existing investors (Swedish, machine translation).
- Dlaboratory (Lund, technology for smart grid analysis): SEK20M (€1.9M, $2.1M) from Alted, Softhouse Invest and others (English, Swedish).
- Single Technologies (Stockholm, developer of technology for genetic sequencing): SEK15M (€1.4M, $1.5M) via a convertible bond from JovB Holding and others (English).
- Wild Games (Stockholm, mobile games developer): SEK10.5M (€1M, $1.1M) from Supercell (English, Swedish).
- Botello (Stockholm, platform for renting): SEK10M (€940K, $1M) from Saeid Esmaelizadeh (English, Swedish).
- Preggers (Stockholm, pregnancy app): SEK5M (€470K, $515K) from angel investors (English, Swedish).
- Singulo Solutions (Gothenburg, next generation of biosensing platform): SEK4M (€370K, $410K) from Chalmers Ventures and angel investors (English, Swedish).
News from Swedish startups and the tech sector
Other interesting things
- Klarna is launching in Australia in a partnership with and fresh $200M funding from Commonwealth Bank of Australia (English).
- Caller-identification service Truecaller has amassed 200 million monthly active users and reached profitability during the most recent quarter (English).
- The new Stockholm-based member platform Tioex wants to make it easier for individuals to invest in high growth, private tech companies (Swedish, machine translation).
- Yubico, Swedish security key maker, launched an enterprise service to help businesses integrate the tech into their operations more easily (English).
- Qvik, a startup from Stockholm, has launched an app to make it easy to rent and return power banks across cities, with the Swedish capital being its first market (Swedish, machine translation).
- Eli Daniel Keren, the founder of Stockholm-based neobanking startup P.F.C., is handing the CEO role to Mattias Malmström. Keren will from now on act as Head of Strategy (Swedish, machine translation).
- Prisjakt, a Swedish price comparison site owned by Schibsted, is shutting down its presence in Poland, Italy and Ireland (Swedish, machine translation).
- German meal-kit company Marley Spoon (which is publicly listed in Australia, its biggest market), has launched in Sweden (Swedish, machine translation).
- Spotify's quarterly report, released yesterday, shows 271 million subscribers, of which 125 million are paying, revenue $2B (up 24%), and continued operating losses (English).
- A snapshot of Europe's Series A funding landscape (English).
- Podcast interview with Robert Falck, founder and CEO of self-driving truck startup Einride (Swedish, 45 minutes).
- Sweden and Norway are creating airspace for electric plane tests (English).
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