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Welcome to Swedish Tech Weekly issue #122.
Bringing you the latest from Sweden's tech and startup industry.

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Mergers & acquisitions
  • Embracer (Karlstad, game company) gets more than 200 game devs as it adds 3 more acquisitions (English).
     
  • TicTac (Malmö, provider of corporate e-learning solutions) sold around 60 percent of the shares to the asset fund management group Bridgepoint. The price was not disclosed (English, Swedish).
Financing rounds
  • memmo.me (Stockholm, provider of personalised greeting messages from celebrities): €10.25M ($12M) in a funding round led by Left Lane Capital, with participation from angel investors and existing investors (English, Swedish).
     
  • Sib Solutions (Lund, AI video analytics platform for logistics): SEK50M (€5M, $6M) from Nidoco and existing investors (Swedish, machine translation).
     
  • Invoier (Stockholm, real time spot market for invoice trading): €4.1M ($4.8M) in equity funding from the European Innovation Council (EIC) Fund (English, Swedish).
     
  • BoardClic (Stockholm, SaaS solution to track effectiveness and alignment in boards of directors and executive teams): SEK16M (€1.6M, $1.8M) in a seed round led by Subvenio Invest, with participation from existing investors (English, Swedish).
     
  • Workaround (Stockholm, office matchmaking service): SEK15M (€1.5M, $1.7M) from Saeid Esmaeilzade (English, Swedish / Breakit paywall, Swedish #2).
     
  • Treyd (Stockholm, platform for trade financing): SEK15M (€1.5M, $1.7M) from J12 Ventures and Antler (English, Swedish).
     
  • Stepler (Karlstad, rewards app for walking): SEK10M (€1M, $1.1M) from Almi Invest, angel investors and existing investors, for the expansion into Germany (Swedish, machine translation).
     
  • Strivr (Stockholm, SaaS solution for the finance sector for managing recurring tasks and processes): SEK8M (€800K, $900K) from Almi Invest and angel investors (English, Swedish).
     
  • ChainTraced (Stockholm, SaaS solution for handling of product certificate data): SEK7.8M (€780K, $900K) from angel investors (via mail).
     
  • Melt&Marble, formerly Biopetrolia (Gothenburg, producer of designer fats via precision fermentation): €750K ($870K) in a seed round led by Nordic FoodTech VC, with participation from PINC, Purple Orange Ventures, and Chalmers Ventures (English).
     
  • Nenda (Stockholm, streaming service for businesses): SEK7M (€700K, $800K) from angel investors (English, Swedish).
     
  • VivoLogica (Stockholm, software platform for the management, compliance and reporting of medical research institutions): SEK5.8M (€580K, $650K) from angel investors (via mail).
     
  • Eatit (Stockholm, nutrition therapy app): SEK5.1M (€510K, $580K) from Add Health Media, Almi Invest, LSI Alpha, and angel investors (Swedish, machine translation).
     
  • Turnr (Stockholm, provider of sustainable e-commerce returns): SEK2M (€200K, $230K) from Modelio Equity (Swedish, machine translation).
News from Swedish startups and the tech sector
  • Stockholm-based Aerit received operational authorization from Sweden’s national transportation agency to pilot last-mile drone delivery in Sweden (English, Swedish).
     
  • How things are going for Stockholm-based startup memmo.me, provider of personalised greeting messages from celebrities, which is active in Europe and North America, and plans to launch on the Latin American market in Q4 (English).
     
  • LootLocker, game backend-as-a-service provider from Stockholm, has been selected for the fourth Comcast NBCUniversal LIFT Labs Accelerator (English).
     
  • VOI definitely lost the public procurement for operating a large fleet of shared bikes in Stockholm (Swedish, machine translation). Meanwhile, the company's e-scooters are now shown on Google Maps across various Swedish and European cities (English).
     
  • In other shared e-scooter news, the city of Stockholm will start to charge providers a flat fee of SEK1400 per scooter and year (Swedish, machine translation).
     
  • Spotify to spend $1B to repurchase its own shares (English).
     
  • Norway-based on-demand print platform Gelato, founded and led by the Swedish entrepreneur Henrik Müller-Hansen, just raised $240M and thereby turned into a unicorn (English, Swedish).
     
  • Axel Bard Bringéus, Swedish investor and former Spotify exec, co-founding the soon-to-be-launched Berlin-based curated news platform informed. (English).
     
  • Swedish VC firm EQT Ventures is looking for a Head of Network (English).
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Other interesting things
  • 📺 A 5 part SVT documentary about Sweden's success in the video game sector (Swedish).
     
  • A survey reveals that negative expectations about math requirements are a major reason for why girls in Sweden decide against an education in STEM (Swedish, machine translation).
     
  • 14 out of 21 Swedish counties don't have enough public chargers for electric vehicles (Swedish, machine translation).
     
  • IKEA will start selling clean energy to Swedish households (English, Swedish).
     
  • Swedish government pays out $1.5M in Bitcoin to convicted drug dealer (English, Swedish).
     
  • Sweden's HYBRIT delivers world's first fossil-free steel (English).
     
  • The southern peak of Sweden's highest mountain Kebnekaise continues to melt – has now the lowest height since the measurements started in the 1940s (English).
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For any feedback or comments, just hit reply.
Take care!

Martin
martin@swedishtechweekly.com
@swedishtechwkly
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