Welcome to Swedish Tech Weekly issue #12. I hope you are doing great.
Here is the latest from Sweden's tech and startup industry.
Acquisitions & exits
- The Gothenburg-based travel guide platform Arrivalguides has been acquired by the leading travel guide book publisher Lonely Planet. The deal price was not disclosed (in English, in Swedish).
- The Gothenburg- and Ulset, Norway-based provider of property management systems for hotels, activity centers and camping sites, VisBook, has sold a majority stake to Stockholm-based private equity firm Standout Capital. Terms were not disclosed (in English).
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- Stockholm-based B2B data marketing startup Funnel has raised $8M (€7M) in a funding round led by Oxx (in English, in Swedish).
- Stockholm-based cleantech startup Surfcleaner which develops a system that collects and separates pollutants from water surfaces, has raised SEK4M (€378K) from among others Swedish house producer Axwell, known from the group Swedish House Mafia (in English, in Swedish).
- Stockholm-based drop shipping service Droshi, which labels itself "Europe's largest drop shipping portal", has received an investment from Swedish professional boxer Klara Svensson. The amount has not been announced (in English, in Swedish).
- Swedish VC firm Creandum led a seed round raised by Aarhus, Denmark-based IoT startup Toitware (in English).
News from startups and the tech scene
Other news and interesting things to read
- Profile of Stockholm-based startup Fidesmo, which develops technology to enable wearables to handle payments and other contactless services.
- Together with Fidesmo, Stockholm-based watch brand Triwa has created the wristband "Tapster" which allows for contactless Mastercard payments (in Swedish, machine translation).
- Stockholm-based equity crowdfunding platform FundedByMe will be officially listed on the NGM Nordic MTF as of March 8, with an expected valuation of around SEK350M (€33.1M) (in English, in Swedish).
- On July 1, the Swedish VAT on digital publications will be reduced from currently 25 % to 6 %. Good news for various startups in that sector (in Swedish, machine translation).
- Swedish p2p payment app Swish announced having reached the milestone of 1 billion completed payments (between 2 persons or between 1 person and a business).
- Despite legal battles with Warner Music, Spotify has finally launched in India.
- Swedish investor Louise Samet joins London-based VC fund Blossom Capital, which raised $85M to invest in early-stage startups across Europe (in English, in Swedish).
- A new VC fund aimed at Nordic and Baltic startups: NordicNina VC, which in partnership with several large companies from Japan looks to invest €100M.
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