Welcome to Swedish Tech Weekly issue #122.
Bringing you the latest from Sweden's tech and startup industry.
If this email has been forwarded to you, you can sign up for free at swedishtechweekly.com.
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).
News from Swedish startups and the tech sector
- 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).
This issue of Swedish Tech Weekly has been sent to 937 subscribers. That's 5 more than last issue.
- 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).
If you appreciate this newsletter, please help spreading the word about it! Forward this email, recommend swedishtechweekly.com on Slack/Teams/your team app of choice, or like/retweet this tweet. Or this tweet. Thank you!
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).
For any feedback or comments, just hit reply.