Welcome to Swedish Tech Weekly issue #26 (June 6 Swedish National holiday edition).
Here is the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- Private equity firm Insight Partners buys Gothenburg-based threat intelligence vendor Recorded Future for $780M (English, Swedish). Forbes published a profile of co-founder and CEO Christopher Ahlberg, for whom this is the second exit (English).
- Stillfront, a Stockholm-based independent game publisher, is acquiring San Francisco-based game studio Kixeye and its games for $90M (English, Swedish).
- Teleopti, a Stockholm-based workforce management software provider founded in 1992, has been acquired by the much younger US software firm Calabrio. The price was not disclosed (English, Swedish).
- Relation Desk, a Stockholm-based social media management tool, has been acquired by Norwegian media insighs firm Retriever. The price was not disclosed (Swedish, machine translation).
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- Minesto (Gothenburg, developer of technology for generating electricity from the ocean): €14.9M (SEK160M) from the Welsh Government (English, Swedish).
- Tink (Stockholm, open banking provider): €10M (SEK106M) strategic investment from PayPal (English, Swedish).
- Heart Aerospace (Gothenburg, manufacturer of an electric regional airplane): SEK20M (€1.9M) from EQT Ventures and Norrsken (English, Swedish).
- Bzzt (Gothenburg, electrical podtaxis for short-range trips): SEK16M (€1.5M) from Indian industrial company SAR and angel investors (Swedish / DI Digital Paywall).
- Goava (Stockholm, providing an insight tool for B2B salespeople): SEK6M (€570K) from angel investors (Swedish, machine translation).
- Nenda (Stockholm, streaming service for businesses): SEK5.5M (€520K) from angel investors (English, Swedish).
- INZILE (Västervik, manufacturer of electric work vehicles): SEK5M (€470K) strategic investment from Bring, in preparation for an upcoming public offering (Swedish, machine translation).
- Curity (Stockholm, identity management for APIs): undisclosed amount from Fairpoint Capital (English, Swedish).
- Swedish VC firm Northzone participates in a $35M funding round raised by London-based open banking software provider TrueLayer (English).
News from Swedish startups and the tech scene
Other news and interesting things
- Cangaroo, a startup from Malmö, wants to disrupt urban smart mobility by deploying hundreds of shared pogo sticks (you read that right) in Stockholm, Malmö, San Francisco, London and other cities around the globe (English).
- Flow Neuroscience from Malmö has started to sell its headset which treats people with major depressive disorder (MDD) using brain stimulation instead of pharmaceuticals. The UK (in addition to Sweden) is the first market (English).
- SCRIIN, a startup from Stockholm, wants to manufacture "the world’s first router to help families balance screen time and physical activity" (Swedish, machine translation), and has launched a crowdfunding campaign.
- IoT expert Stacey Higginbotham explains how Malmö-based smart home startup Minut does machine learning with privacy in mind (English).
- Digital healthcare provider Doktor.se will develop a new healthcare app for pets in Europe in partnership with animal hospital company Anicura (English).
- A new report compiled by startup incubator Sting and researchers from the Karolinska Institute and Umeå Biotech Incubator reveals that there is no one profile of the perfect entrepreneur–there are several (English, Swedish).
- The 14 startups that pitched at Sting Demo Day (English).
- Klarna will shut down its European peer-to-peer payment app Wavy (Swedish, machine translation).
- The Wallenberg Foundations are investing up to SEK660M (€62M) for humanistic and social scientific research in AI and autonomous systems (English).
- Simone Giertz, Swedish YouTuber, robot enthusiast & inventor, is being interviewed on the Y Combinator podcast, and talks among other things about how she dealt with and shared details about her brain surgery (English).
- Björn Jeffery, founder and former CEO of Toca Boca, Sweden-based developer of children-focused play apps, published a strategic overview of the kids app market and its particularities (English).
- The IKEA store near the Swedish city of Gävle has decided to be the first store of the furniture giant to formally become entirely cash-free, after a successful pilot (Swedish, machine translation).
- A 27-year-old man in Malmö died in an accident with a car while riding on a scooter of Swedish startup VOI (English).
- Sweden's library boats face an uncertain future (English).
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