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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).
Financing rounds
  • 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).
News from Swedish startups and the tech sector
  • 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).
This issue of Swedish Tech Weekly has been sent to 932 subscribers. That's 44 more than last issue.

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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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Take care!

Martin
martin@swedishtechweekly.com
@swedishtechwkly
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