Welcome to Swedish Tech Weekly issue #22.
Here is the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
News from Swedish startups and the tech scene
- Kitab Sawti (Stockholm, subscription service for Arabic audiobooks): $6M (€5.4M) from new and exisiting investors, including Bonnier Ventures, Inbox Capital and others (in English, in Swedish).
- Luau Games (Malmö, game studio): SEK35M (€3.3M) from Supercell (in English, in Swedish).
- WarOnCancer (Stockholm, social networking app for patients, survivors and loved ones): SEK9M (€840K) from angel investors (in English, in Swedish).
- School Parrot (Stockholm, user-generated online reviews of schools): SEK5M (€470K) from Magentus Capital (in English, in Swedish).
- Swedish VC firm Standout Capital has invested in X-akseli, a Finnish company specialized in patient flow management systems for health care providers (in English).
- Swedish VC firm Northzone participated in a $30M Series B raised by Berlin-based logistics startup FreightHub (in English).
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- Out of the 4 Nordic countries Denmark, Finland, Norway and Sweden, employees at startups in Sweden on average earn the lowest salaries, according to the latest Nordic Startup Salary Survey (in English).
- Spotify and Swedish podcasting startup Acast talked about a potential merger last year, according to sources DI Digital talked to (in Swedish, paywall). Meanwhile in Australia, Spotify is offering an experimental, minimalist iOS and Android app which gives users instant access to playlists (in English). And in the US, the company is testing voice-enabled ads (in English).
- Apropos Acast: The podcasting startup has launched a technology to allow for paywalled podcasts that still are available through any player (in English, in Swedish).
- Profile of Stockholm-based online veterinarian FirstVet which is about to launch in the UK (in English).
- Stockholm-based eye tracking technology company Tobii aims at creating the "aware device" and thereby "humanize technology", as Director of Product Management David Henderek explains in a blog post (in English).
- After a wave of complaints from customers and public criticism about data handling and attempts of nudging people towards credit-based purchase methods, payments company Klarna is pledging to do better (in Swedish, machine translation).
- Stockholm's iconic startup hub SUP46 will move into the city's first WeWork property. CEO Samir El-Sabini hands over leadership to SUP46 co-founder founder Sebastian Fuchs (in Swedish, machine translation).
- IKEA invited 18 companies to its headquarter in Almhult for a “startup boot camp” (in English).
Other news and interesting things
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- Swedish grocery store chains are embracing solutions to replace paper receipts with digital equivalents (in Swedish, machine translation).
- Volvo has beta-launched a new on-demand car sharing service called "M" in selected areas in Stockholm (in Swedish, machine translation).
- The city of Uppsala is trying to step out of Stockholm's shadow and fighting for recognition as a vibrant entrepreneurial hub in its own right (in English).
- Mass transport expert Aalon Levy praises the efficient Nordic way of building public transport. "Sweden appears to consistently build rail for half the per-unit cost of Germany." (in English).
- Five Nordic universities, including Gothenburg's Chalmers University of Technology and Stockholm's KTH Royal Institute of Technology, have announced the creation of the Nordic Artificial Intelligence Network (in English).
- Apple has given up on plans to open central Stockholm's first Apple Store at Kungsträdgården following resistance from the city's government, and is now looking to sell the property (in Swedish, machine translation).
Check out my other newsletter, filled with interesting, insightful and thought-provoking things to read about the digital world: weekly.meshedsociety.com.