Welcome to Swedish Tech Weekly issue #121.
Bringing you the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- NodeGraph (Gothenburg, service for managing data & analytics tools) has been aquired by Sweden-founded, US-based data integration and analytics cloud platform Qlik. Financials were not disclosed (English, Swedish).
News from Swedish startups and the tech sector
- Flow Neuroscience (Malmö, medication-free depression treatment): $9M in a Series A round led by Khosla Ventures, Swiss Health Ventures, and Zühlke Ventures (English).
- Quartr (Gothenburg, investor relations app): SEK14M (€1.4M, $1.7M) from angel investors (English, Swedish).
- PocketLaw (Stockholm, digital lawyer services): £1.2M (€1.4M, $1.7M) in seed funding from angel investors (English, Swedish).
- Bicelo (Stockholm, e-bike rental service for hotel guests): SEK8M (€800K, $900K) from Linbo Invest and angel investors (Swedish, machine translation).
- NOMS (Borås, creator of infrastructure for on-demand textile production): undisclosed amount from textile company ACG Group (English, Swedish).
This issue of Swedish Tech Weekly has been sent to 932 subscribers. That's 44 more than last issue.
- Reuters published a widely shared piece on "how Sweden became the Silicon Valley of Europe" (English).
- Einride, Gothenburg's intelligent trucking startup, is about to open its US headquarter in Austin, and will roll out its pods in a number of locations under pilot programs (English).
- Gothenburg-based Mycorena is among the startups that want to transform the plant protein landscape with the help of fungi (English).
- How an automated mini grocery store from Stockholm-based startup Lifvs is being set up and how it works (English).
- Bokio, Gothenburg-based provider of a digital accounting solution for small businesses, outraged some customers after it moved features that previously were described as "free, forever" to a paid plan (Swedish, machine translation).
- Tappy is a new iPhone app (in Beta) from Stockholm to send friends a beer, bun, coffee, or cocktail (Swedish, machine translation).
- 16 startup pitching tips from Sting’s pitch coaches and the winners of the incubator's and accelerator's recent demo day pitch event (English).
- Isabel Nilson has joined Swedish VC firm Spintop Ventures as Investment Manager (English).
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Other interesting things
- In case you also want to stay informed about the Norwegian tech and startup sector: Every other week Kjetil Holmefjord publishes his free curated newsletter "On Norwegian Tech" (English).
- The Swedish town of Norrtälje bought AI to spot children at risk, but decided against deploying it due to concerns regarding the software’s lawfulness and bias (English).
- The number of breweries in Sweden grew from 39 to 453 during the last 10 years (Swedish, machine translation).
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