View this email in your browser

Welcome to Swedish Tech Weekly issue #36.
Here is the latest from Sweden's tech and startup industry.

If this email has been forwarded to you, you can sign up for free at

Mergers & acquisitions
Financing rounds
  • 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).
 Tell a friend, colleague or business partner about Swedish Tech Weekly!   Forward this email, recommend on Slack/your team app of choice, or like/retweet this tweet. 

News from Swedish startups and the tech scene
  • 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).
Other interesting things
  • 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).
End note
  • 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)

For any feedback or comments, just hit reply.

Check out my other newsletter, filled with interesting, insightful and thought-provoking things to read about the digital world:

Copyright © 2019 Swedish tech weekly, All rights reserved.

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list.

Email Marketing Powered by Mailchimp