Welcome to Swedish Tech Weekly issue #65.
Bringing you the latest from Sweden's tech and startup industry.
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News from Swedish startups and the tech sector
- Swedish Algae Factory (Gothenburg, producer of functional materials from algae): SEK53M (€5M, $5.5M) from Aqua-Spark, Chalmers Ventures and others (English, Swedish).
- Lifvs (Stockholm, operator of automated mini grocery stores): SEK20M (€1.9M, $2.5M) from Herenco Invest (English, Swedish).
- Bringwash (Malmö, on-demand car wash service): SEK2.5M (€230K, $260K) from undisclosed investors (Swedish, machine translation).
- Action Against Corona is an initiative launched by Norrsken Foundation and Dagens Industri with support from various partners, to accelerate and fund solutions to fight the new coronavirus pandemic (English).
- Startup Sweden has been asked to give continuous reports to the Swedish government on how the virus affects the community, and has therefore launched a survey to map the issues startups are experiencing or anticipating (English).
- Coronakartan, created by software developer Elin Lütz, shows confirmed Covid-19 cases in Sweden on a map (Swedish / IDG Pro paywall).
- Due to a partial shut down of the Swedish school system, a rush to edtech tools is happening (Swedish / DI Digital paywall).
- With Riteband, founder Linda Portnoff is building a musical stock market similar to NASDAQ (English).
- Upcoming Paymobil, founded by San Francisco-based Swedish entrepreneur Daniel Nordh, wants to make sending crypto currencies as easy as sending mails, and has been accepted to Y Combinator (Swedish, machine translation).
- Hemnet, Sweden's largest property portal, launches live streaming for open house viewing using technology from Stockholm-based Bambuser (English, Swedish).
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Other interesting things
- How coronavirus will impact startup fundraising in Europe (English).
- How might the pandemic impact various industries and change people's behavior? Here is a list with suggestions (English).
- List with existing tech solutions, startups, tools and brands which can support people to navigate through the coronavirus crisis, to work, live and play, to limit the spread of the virus (English).
- AI could help with the next pandemic—but not with this one (English).
- As Scandinavian airline SAS had to temporarily lay off 90% of its workforce, some flight attendants are quickly being retrained for care and nursing work (Swedish, machine translation).
- Swedish national pension fund AP1 has become the first pension fund in Sweden to announce it is divesting all fossil fuel companies (English).
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Take care and stay healthy everyone!