Welcome to Swedish Tech Weekly issue #38, today sent to exactly 300 subscribers.
Here is the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- EasyPark, a Stockholm-based company offering digital services aimed at helping drivers to manage their parking in over 900 cities across 13 countries, has acquired its local Swedish competitor Inteleon, which operates SMS Park. Terms were not disclosed (Swedish, machine translation).
- Itello, an insurtech company based in Stockholm, is acquiring the Norwegian company Eikos, which provides services and systems solutions for the life insurance and pensions sector in Norway. Terms were not disclosed (English).
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- Acast (Stockholm, podcast platform): €25M ($27.8M) through a "quasi-equity financing agreement" from the European Investment Bank (EIB) (English).
- Hedvig (Stockholm, digital home insurance service): SEK100M (€9.3M, $10.3M) in a financing round led by Obvious Ventures, and including D-Ax as well as past investor Cherry Ventures (English).
- Beleco (Stockholm, offering furniture to rent on a daily or monthly basis): SEK18M (€1.7M, $1.85M) from Almi Invest Greentech and others (Swedish, machine translation).
- Vultus (Lund, developer of a satellite system for precision farming): SEK10M (€9.3K, $1.05M) from Norrsken and Almi Invest Greentech (English, Swedish).
- Higher (Stockholm, mobile recruiting system): SEK10M (€9.3K, $1.05M) from angel investors (English, Swedish).
- Kreditz (Stockholm, platform for letting consumers build their own credit score): SEK8M (€740K, $825K) from angel investors (English, Swedish).
- Linkura (Linköping, mobile app that helps to reduce stress): SEK7M (€650K, $720K) from the company's new CEO Henrik Tegelström, as well as 3T Invest, Gamlegård Invest, Almi Invest and existing investors (English, Swedish).
- Ciao Ciao Carsharing (Gothenburg, p2p carsharing): undisclosed amount from Chalmers Ventures (Swedish, machine translation).
News from Swedish startups and the tech scene
Other interesting things
- Indivd, a facial recognition technology startup headquartered in Sundsvall, plans to start testing its system in selected retail outlets in Stockholm (Swedish, machine translation).
- Fleaty, a bootstrapped Stockholm-based "buildtech" startup developing a platform for order and delivery of building material, has only launched a few months ago but aims at SEK20M in revenue this year (Swedish, machine translation).
- Profile of Örebro-based app BeeScanning, which allows beekeepers to monitor their bees' health. The company's founder, Björn Lagerman, is a beekeeper since 1972 (Swedish, machine translation).
- Einride, Gothenburg's self-driving truck startup, is currently in the process of raising a large Series A financing round (Swedish / DI Digital paywall).
- H2 Health Hub, a Stockholm-based co-working space for healthtech startups, is opening a hub in the Chinese city of Hangzhou (English, Swedish)
- The Berlin-based meal-kit company Hello Fresh has quietly launched in Sweden (Swedish, machine translation).
- Truecaller announced 1 million paying subscribers globally (English).
- The operator of the emergency number 112 in Sweden, SOS ALARM, has launched a mobile app for iOS and Android offering various emergency services as well as geotagged emergency calls (Swedish).
- The Swedish Data Protection Authority (DPA) has served a municipality in northern Sweden the country’s first GDPR fine for using facial recognition technology to monitor the attendance of students in school (English).
- Polestar, Volvo’s electric car brand, announced the opening of its massive new electric car factory in Shanghai (English).
- A BBC feature article on exploring why so many young Swedes are living alone (English).
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