Welcome to Swedish Tech Weekly issue #36.
Here is the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- THQ Nordic, a Karlstad-based game studio (which is about to rename itself into "Embracer Group"), has announced 3 acquisitions: Milestone, Gunfire Games and Goodbye Kansas Game Invest (Swedish, machine translation).
- Cliniclands, a Trelleborg-based online distributor of dental products, has sold a major controlling equity stake to US firm Henry Schein. Financial terms were not disclosed (English).
- Boozt, a Malmö-based online fashion retailer, has acquired Danish app developer Touchlogic for SEK10M (€930K, $1M) (English, Swedish).
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- Fodi (Stockholm, hyperlocal online grocery store): SEK21M (€2M, $2.2M) from existing investors (Swedish, no machine translation available).
- Caliroots (Stockholm, online streetwear store): SEK18M (€1.7M, $1.9M) from Camshaft (English, Swedish).
- Norban (Malmö, digitally-powered real estate broker): SEK12M (€1.1M, $1.25M) from angel investors (English, Swedish).
- Jetty (Stockholm, provider of an event management suite): SEK6.2M (€580K, $650K) through a new shares issue (Swedish, machine translation).
- Airmee (Stockholm, last mile delivery): SEK2M (€190K, $210K) from the iZettle founders (English, Swedish / DI Digital Paywall, Swedish alternative).
- Corite (Stockholm, platform for crowdinvesting in music artists): undisclosed amount from Eastate and angel investors (Swedish, machine translation).
- Swedish investment company Vostok New Ventures led a $15M Series B round raised by Russia-based “crowdsourced” same-day delivery service Dostavista (English).
News from Swedish startups and the tech scene
Other interesting things
- Globhe is a platform for drone maps. Here is a brief article about the Stockholm-based startup's founder Helena Samsioe and how she created Globhe (Swedish, machine translation).
- Kind is the new name of Engaging Care, a Malmö-based startup creating a SaaS platform for healthcare providers to communicate with patients (English).
- Min Doktor, provider of video-based healthcare, plans to open 80 stationary clinics, mainly adjacent to ICA grocery stores (Swedish, machine translation).
- Storytel, market leader among Sweden's adiobook and ebook subscription services, has surpassed one million paying subscribers (English, Swedish).
- How MarbleCards, a blockchain-based collectibles game by Helsingborg-based startup Marblechain, got the ball rolling and fostered its initial user community (English).
- Widespace, a Stockholm-based company creating software tools to build brands in a mobile world, has downsized its workforce by 40 percent, from 107 to 63 employees (Swedish, machine translation).
- Techcrunch reports on privacy violations by leading robocall blocking apps on the U.S. market, among them Sweden's Truecaller (which, according to the author, responded by submitting a fix) (English).
- Swedish VC firm Creandum has published a report on gender diversity numbers among its portfolio companies (English).
- Di Digital published an editorial list of 40 serial entrepreneurs under 40 in Sweden. Sadly, it is paywalled. The top 3: Fredrik Hjelm (currently VOI), Johannes Schildt (currently Kry), Elsa Bernadotte (currently Karma) (Swedish, DI Digital paywall).
- Feature on "Sweden’s booming biotechnology scene" (English).
- A podcast episode on the rise, peculiarities and challenges of Sweden's numerous audio book subscription services (Swedish, 30 minutes).
- Investors are courting some founders with extravagant gifts to get their attention, at least in the US (English, link goes through Hacker News to unlock the subscription barrier).
- I created the following chart based on all the financing rounds mentioned in Swedish Tech Weekly. The total number of rounds raised is likely a bit higher, since not all rounds are publicly announced, and despite all my curation efforts, I might have missed a few ones. The main point of the chart is to show the relative distribution of rounds by cities, which should be fairly accurate.
(click to see full size)
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