Welcome to Swedish Tech Weekly issue #23.
Here is the latest from Sweden's tech and startup industry.
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News from Swedish startups and the tech scene
- Anyfin (Stockholm, refinancing of consumer loans): €8M (SEK86M) from Fintech Collective and existing investors Northzone, Accel and Global Founders Capital (in English, in Swedish).
- Visiba Care (Gothenburg, e-health platform that allows healthcare providers to open their own digital practice): SEK30M (€2.8M) from existing investor Blue and more (in English, in Swedish / DI Digital Paywall).
- Steven (Stockholm, mobile app for settling debts between friends): SEK12M (€1.1M) from former Swedish finance minister Anders Borg and existing investors (in English, in Swedish / DI Digital Paywall).
- Primetime (Stockholm, mobile app for live quizzes): undisclosed amount from angel investors for international expansion (in Swedish, machine translation).
- The Swedish VC firms Kinnevik and Creandum participated in a $56M (€50M) Series B financing round raised by Danish fintech Pleo, which aims at simplifying the business expense process (in English, in Swedish).
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- The Gothenburg-based startup Einride's driverless electric truck began daily freight deliveries on a public road in Sweden on Wednesday (in English).
- The birth control startup Natural Cycles lays off 16 employees in Europe to focus on its US expansion (in Swedish, machine translation).
- While it expands into new domains such as messaging and money lending, Stockholm-based Truecaller, originally started as a caller ID app and particularly popular in India, might soon become another Swedish unicorn (in English). Meanwhile, an investor is suing the company accusing it of sabotaging the selling of shares (in Swedish, machine translator).
- Marblechain, a startup from Helsingborg, has beta-launched the blockchain-based game MarbleCards that transforms URLs on the internet into collectible cards, using the Ethereum blockchain (in English).
- Yet another e-scooter brand is appearing on the streets of Stockholm: MOOW. The Swedish startup also offers a peer-to-peer car sharing service (in Swedish, machine translation). Meanwhile, rival VOI revealed its new fleet, including an e-bike.
- Microsoft is moving its Swedish headquarter from Stockholm's suburb Akalla into central Stockholm's new Urban Espace quarter, where the company will be neighbor with WeWork and Spotify. According to Microsoft Sweden CEO Hélène Barnekow, the company is keeping an eye on startups for potential acquisitions (in Swedish, machine translation).
- The music-editing software company Soundtrap, acquired by Spotify in 2017, is launching web-based podcast production tool and will also open a "podcast school" in Stockholm, called "Stockholm Institute of Storytelling" (in English, in Swedish).
- 16 % of startup founders in Stockholm are women, according to the most recent Startup Genome report. That's the same percentage as in Silicon Valley, more than in many other global tech hubs (Berlin has only 8 % female founders and Paris 9 %), but less than in New York City (22-24 %) and Shanghai (22-24 %) (in English).
Other news and interesting things
- The Swedish adaption of the free online course Elements of AI has been launched. The aim is to reach 1% of the Swedish population, that’s roughly 100,000 people. The course is also available in English and Finnish (in English).
- The online magazine Ny Teknik named Sweden's 33 hottest startups 2019, with a focus on deep tech (in Swedish, machine translation).
- The US-based social network for neighbors Nextdoor, which just raised a $123M Series F financing round, is currently in the process to launch in Sweden (in English).
- The OECD has published a 127-page report (and a 28-slide summary) assessing the achievements, opportunities and challenges in developing a data-driven public sector in Sweden (in English).
- The Swedish krona has not been this weak against the dollar in 17 years (in English).
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