Welcome to Swedish Tech Weekly issue #49.
Bringing you the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- ftrack, a Stockholm-based project management, production tracking and media review platform for the creative industry, acquired Cospective, an Australian creator of synchronized remote review tool cineSync. The amount of the deal was not disclosed (English).
- Quixel, a startup from Uppsala that created a "photogrammetry” asset library of real world imagery which can be used in animated films or video games, has been acquired by Fortnite maker Epic Games. The amount of the deal was not disclosed (English, Swedish).
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- VOI (Stockholm, micromobility provider): $85M in Series B funding, from a mixture of existing and new investors (English).
- Pej (Malmö, order and self-service platform for multiple channels): SEK26M (€2.4M, $2.6M) in a funding round led by Schibsted (English, Swedish).
- EPTI (Stockholm, venture builder): over €2M ($2.2M) from existing investors (English, Swedish).
- Zaver (Stockholm, payments service to facilitate peer-to-peer trades and more): SEK20M (€1.9M, $2M) from existing investors (English, Swedish).
- Detecht (Gothenburg, automatic crash detection for motorcyclists): SEK3.6M (€330K, $370K) from Almi Invest, Chalmers Ventures and ATM Capital (English, Swedish).
- Co-Properties (Uppsala, crowdinvesting in holiday real estate): SEK2M (€190K, $205K) from angel investors (Swedish, machine translation).
- Gamifiera (Stockholm, provider of a loyalty platform with gamification elements and community functionality): undisclosed amount from Wellstreet (English, Swedish).
- Treeno (Stockholm, digital receipt solution): undisclosed amount from Anna-Lina Kvarnsmyr (English, Swedish).
- Swedish VC firm EQT Ventures led a $15M Series A raised by London-based startup Let's Do This, an online marketplace for endurance sporting events (English).
News from Swedish startups and the tech sector
Other interesting things
- EQT Ventures has announced its new fund "EQT Ventures II", with commitments totaling €660M ($752M) being "one of the largest VC funds ever raised in Europe" (English).
- A record amount of venture capital is being invested in Swedish startups this year: SEK22B (€2B, $2.3B) so far with 2 months more to go, compared to SEK11B in 2017 and SEK14B in 2018 (Swedish / DI Digital paywall, Swedish #2, machine translation).
- Fredrik Hjelm, CEO of VOI, outlines what the e-scooter startup will do with the fresh Series B funding, and talks swappable batteries, competitiveness and unit economics (English).
- Uniti, the Lund-based electric car startup, is reportedly running critically short on cash. However, the company is denying this (Swedish, machine translation).
- Pepins started as an equity crowdfunding platform, but is now positioning itself as a more serious alternative for scale-ups to raise funding. The Stockholm-based company also has ambitions to launch a "real" alternative stock exchange, as outlined in this profile (Swedish, machine translation).
- How Stockholm-based tropcial weather forecasting startup Ignitia helps farmers in Ghana to improve their crop yield (English).
- L.A.-based micromobility startup Wheels is bringing its unconventional rental e-bikes to Stockholm (Swedish, machine translation).
- Stockholm-based software firm Peltarion has together with partners launched the AI Ecosystem Wiki (English).
- Wide-ranging interview with Spotify co-founder and CEO Daniel Ek on the "Investor Field Guide" podcast (English).
- Transportation companies and politicians met to discuss Sweden's (and the bigger region's) unique position to make commercial electric aviation become reality as soon as possible (Swedish, machine translation).
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