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Welcome to Swedish Tech Weekly issue #123.
Bringing you the latest from Sweden's tech and startup industry.

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Looking for someone to help you out with M&A, core corporate or commercial law? Stockholm-based Qap Legal is ready for you with some smoking hot legal advice – for the startups, for the scaleups, for the entrepreneurs. For the go-getters! Learn more here.

Mergers & acquisitions
  • P.F.C. (Stockholm, mobile-based consumer bank) was acquired by existing investor Svea Ekonomi. Terms were not disclosed (English, Swedish).
  • Abios (Stockholm, eSports data provider) was acquired by Malta-headquartered B2B provider of sports betting services Kambi, for an initial SEK150M (€15M, $17M) paid in cash, with up to SEK120M to be paid in earnouts (English, Swedish).
  • Returnado and Unifaun, Stockholm-based logistics and e-commerce returns companies, merged together with 2 other companies to form the new London-headquartered logistics provider nShift. Financial termes were not disclosed (English).
Financing rounds
  • Bokio (Gothenburg, digital accounting services for small businesses): SEK35M (€3.5M, $4M) from existing investors Svea Ekonomi, Creandum and Inbox Capital (English, Swedish).
  • Radio Innovation (Stockholm, mobile connectivity technology): SEK30M (€3M, $3.4M) from undisclosed investors (English, Swedish).
  • Briqpay (Stockholm, software for enhancing B2B e-commerce payments): SEK20M (€2M, $2.3M) in a seed round co-led by partners from eEquity and Mantle Advise (English, Swedish).
  • Gimi (Stockholm, savings and spending app for children): SEK18M (€1.8M, $2.1M) from among others, existing investor NFT Ventures (Swedish, machine translation).
  • Realsprint (Umeå, provider of an ultra-low-latency CDN for live streaming): SEK14M (€1.4M, $1.6M) from Partnerinvest Norr and (English, Swedish).
  • Combify (Stockholm, SaaS solution for visualisation and digitalisation of construction projects' data): SEK10M (€1M, $1.1M) from among others Backing Minds and Bonnier Ventures (English, Swedish).
  • Collactivate (Åra, platform for property owners to increase safety in socioeconomically disadvantaged areas): SEK4M (€400K, $460K) from Almi Invest, Tillväxtkassan and angel investors (Swedish, machine translation).
  • tendmill (Stockholm, solution to streamline public procurement in the food service industry): SEK3M (€300K, $340K) from angel investors (via mail).
  • Tini Garments (Stockholm, online fashion brand for on-demand clothes): SEK2M (€200K, $230K) from Almi Invest and angel investors (Swedish, machine translation).
  • EasyArr (Visby, SaaS tool for event organizers): SEK2M (€200K, $230K) from Almi Invest and angel investors (English, Swedish).
  • EdAider (Stockholm, classroom platform for adaptive data-driven education): undisclosed amount in a strategic investment from AcadeMedia EdTech (English).
News from Swedish startups and the tech sector
  • Sesamy, the Acast founders' new e-book and audiobook startup, is working on a new type of paywall for online newspaper content (Swedish, machine translation).
  • Stockholm-based startup Candela revealed an electric boat designed for mass production, calling it the ‘iPhone moment for boats’ (English).
  • Mynt, Swedish SME financing solutions startup, has been authorised as an E-money Institution by the Swedish Financial Supervisory Authority and is thereby able to issue its corporate credit card in markets across the European Union (English).
  • Tmpl, Uppsala-based digital platform aimed at commercial and residential properties, expands into Brazil through a joint venture with Webrock Ventures (English).
  • Borlänge-based Booksquare gears up for launching a subscription service for digital course and text books (Swedish, machine translation).
  • The fact that digital healthcare provider recently raised funding from Chinese giant Tencent is leading to some concerns (Swedish, machine translation).
  • A list of Swedish startups that are expanding into the US and Germany through Startup Sweden's new accelerators (Swedish, machine translation).
  • McKinsey studied Europe’s top 1,000 startups, among them 64 from Sweden, to learn how they succeed in the region’s fragmented landscape (English, Swedish).
  • A comprehensive guide to stock options in Swedish startups (English).
This issue of Swedish Tech Weekly has been sent to 937 subscribers. That's the same as last issue. If you enjoy this newsletter, please tell a friend, colleague or business partner about it! Forward this email, recommend on Slack/your team app of choice, or like/retweet this tweet. Or this tweet. Thank you!

Other interesting things
  • Advice for those taking the bet of joining a startup as its first marketer (English).
  • Why rent control isn’t working in Sweden (English).
  • Mercedes-Benz, led by Swedish CEO Ola Källenius, recruited another Swede for a crucial position: Magnus Östberg is the new "chief software officer" (English, Swedish).
  • Skellefteå airport works towards a European-first demonstration of battery electric-powered commuter aviation (English).
End note

I'm very happy to welcome Qap Legal, a Stockholm-based boutique law firm with focus on startups and scaleups, as sponsor of Swedish Tech Weekly. A massive thanks to them for supporting the newsletter!


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