Copy
View this email in your browser


Welcome to Swedish Tech Weekly issue #102.
Bringing you the latest from Sweden's tech and startup industry.

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

 +++ This issue is brought to you in cooperation with Tendelin, now also offering cost-efficient outsourcing of business processes like data entry, prospecting, moderation, social media postings and other office tasks you and your staff are overqualified for. +++

Mergers & acquisitions
  • MTG (Stockholm, digital entertainment holding company) acquires the New Zealand-based gaming studio and publisher Ninja Kiwi for SEK1.2B plus earn-out (English, Swedish).
     
  • Optimizely, formerly known as Episerver (Stockholm, content management company) acquires US-based customer data platform startup Zaius. Terms were not disclosed (English, Swedish).
     
  • IFS (Linköping, enterprise software company) acquires Axios Systems, a UK-based provider of cloud-based ESM software. Terms were not disclosed (English).
     
  • Euronext Centevo (Stockholm, provider of digital services to fund managers, asset managers and distributors) has been acqired by London-based financial solutions provider Profile Software. Terms were not disclosed (English).
Financing rounds
  • Fishbrain (Stockholm, social network for anglers): $31M from Consensus Småbolagsfond and Adrigo Asset Management, as well as existing investors including Softbank (English, Swedish).
     
  • Linas matkasse (LMK Group) (Stockholm, grocery bag delivery service): SEK250M (€25M, $29M) through an IPO (English, Swedish).
     
  • Peltarion (Stockholm, AI platform aimed at operationalizing AI technology quickly): SEK150M (€15M, $17.3M) from existing investors (English, Swedish).
     
  • Wayout (Stockholm, plug and play micro factories for local production of water and beverages): SEK30M (€3M, $3.5M) from Moomin Characters and angel investors (Swedish, machine translation).
     
  • Checkin.com (Regily) (Stockholm, provider of registration flow solutions for online services): SEK20M (€2M, $2.3M) from TIN Fonder och Erik Selin (English, Swedish / DI Digital paywallSwedish #2).
     
  • Higher (Stockholm, mobile recruiting system): SEK20M (€2M, $2.3M) from undisclosed investors (Swedish, machine translation).
     
  • Posterton (Stockholm, online store for posters): SEK18M (€1.8M, $2.1M) from undisclosed investors (Swedish, machine translation).
     
  • PreVet (Uppsala, mobile app for communication between horse owners and veterinary doctors): SEK15M (€1.5M, $1.7M) from among others SLU Holding, Almi Invest and Linnéa Capital (English, Swedish).
     
  • Skinome (Stockholm, direct-to-consumer skincare brand): SEK11.5M (€1.1M, $1.3M) from BioGaia Invest, Spotchain and existing shareholders (English, Swedish).
     
  • Eletive (Malmö, SaaS platform for HR to help employees succeed): SEK11M (€1.1M, $1.3M) from existing and new shareholders (English).
     
  • TIGERq (Lund, creator of gene editing analysis solutions): SEK10M (€1M, $1.2M) from undisclosed investors (English).
     
  • Diplocs (Stockholm, self-checkout solution for physical retail): SEK1.5M (€150K, $170K) from Niklas Aronsson (Swedish, machine translation).
     
  • Roaring (Stockholm, creator of automated digital flow & processes for customer relations and business online): undisclosed amount from Nordstjernan for a 20 percent stake (English, Swedish).
     
  • Swedish VC firm Bonnier Ventures participated in a €4M funding round raised by Finnish marketing campaign analytics startup Sellforte (English).
     
  • Swedish VC firm Industrifonden and the finance institute Swedbank participated in a €10M funding round raised by UK-based digital banking solutions provider Meniga (English).
     
  • Swedish impact VC fund Norrsken VC participated in a €7M funding round raised by German startup Bluu Biosciences, developer of lab-grown seafood (English).
     
  • Swedish VC firm Creandum led a £2.25M seed round raised by UK-based payment technology company Osu (English).
     
  • Ingka Group, the owner of most IKEA stores, has bought a $16M stake in UK-based proprietary geocode startup what3words (English, Swedish).
News from Swedish startups and the tech sector
  • Heart Aerospace, Gothenburg-based startup building an electric regional airplane, has secured Finnair as a potential customer. The airline signed a letter of intent to acquire up to 20 electrical aircrafts by 2026 (English).
     
  • Newly founded startup Quartr from Gothenburg wants to bring investor relations into the digital age, starting with an iOS app for conference calls (Swedish, machine translation).
     
  • X Shore, Stockholm-based creator of all-electric boats, is making a US debut by starting to sell its model Eelex 8000 to North Americans (English).
     
  • Meanwhile, Stockholm-based startup, Candela is building the "world’s first electric, hydrofoil ferry" for the city of Stockholm (English, Swedish).
     
  • Sharing economy startup ihopa launches "Grannboxen" with partners in Stockholm, a sharing box for neighborhoods stocked with electric and battery-powered garden tools (English).
     
  • The Norrsken Foundation has confirmed the closing of its impact venture fund at SE1.2B (€120M, $140M) (Swedish, machine translation).
     
  • The Financial Times wrote a short piece about Stockholm's current startup buzz and how it attracts global VC attention (English).
     
  • VC firm Creandum has published a pitch deck template for Series A fundraising (English).
     
  • Berzelius, Sweden's fastest supercomputer for AI and machine learning, is now online at Linköping University (English, Swedish).
This issue of Swedish Tech Weekly has been sent to 668 subscribers. That's 10 more than last issue.
If you enjoy this newsletter, please tell a friend, colleague or business partner about it! Forward this email, recommend swedishtechweekly.com on Slack/your team app of choice, or like/retweet this tweet. Or this tweet. Thank you!

Other interesting things
  • H&M has been removed from Chinese apps over Xinjiang cotton boycott (English).
     
  • Sweden plans to charge airlines more at takeoff and landing if their aircrafts are more polluting (English).
     
  • Last year, 86 percent of households and companies in Sweden had access to a broadband connection offering 100Mbit/s or more (Swedish, machine translation).
     
  • Costco, the American multinational chain of big-box retail stores, plans to open its first Swedish store in the Stockholm suburb Täby in 2022 (Swedish, machine translation).
End note
  • I'll take next week off, so issue #103 of Swedish Tech Weekly will be published in about 2 weeks.
+++

For any feedback or comments, just hit reply.
Take care.

Martin
martin@swedishtechweekly.com
@swedishtechwkly
Copyright © 2021 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