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Welcome to Swedish Tech Weekly issue #66.
Bringing you the latest from Sweden's tech and startup industry.

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Mergers & acquisitions
  • Sinch, the Stockholm-based communications platform for mobile engagement, has acquired Belgian conversational artificial intelligence developer, for €6.9M ($7.6M) (English).
Financing rounds
  • Northvolt (Stockholm, energy storage): SEK159M (€15M, $16M) from the Swedish Environmental Protection Agency (Swedish, machine translation).
  • Nextory (Stockholm, audiobook and e-book subscription service): SEK60M (€5.6M, $6.2M) from existing investors including Industrifonden, LK Finans AB, ACACIA and Frescano Group (English, Swedish).
  • Cognibotics (Lund, developer of robotics software): SEK40M (€3.7M, $4.1M) from Fairpoint Capital and Tibia Invest (Swedish, machine translation).
  • Kundos (Stockholm, provider of digital customer service tools): SEK28M (€2.6M, $2.9M) from Standout Capital (English, Swedish).
  • Ingrid (Stockholm, SaaS solution for e-commerce shipping providers): SEK12.5M (€1.2M, $1.3M) from Blq Invest (English, Swedish).
  • Swedish VC firm Creandum led a €11M Series A funding round raised by German startup Twaice, maker of predictive battery analytics software (English).
News from Swedish startups and the tech sector
  • Video-based healthcare provider Kry has launched Care Connect, a free solution which allows any European healthcare professional to have video calls with their patients (English).
  • VOI is suspending its e-scooter operations in all but nine key cities, due to the coronavirus pandemic (English).
  • Orbital Systems, Malmö-based maker of "the world’s first recirculating shower system", is starting to sell directly to consumers (Swedish / DI Digital paywall).
  • Ticmate, a Stockholm-based company offering tickets online to events and attractions, has been forced to file for reconstruction, after sales dropped with 99 percent (Swedish, machine translation).
  • GigsGuide, a Malmö-based platform to find music events, added "virtual concerts" (English).
  • Almi, the state-owned business developer and investment firm, receives SEK3B in additional funds to support startups and other small and medium-sized companies (Swedish, machine translation).
  • VC firms Creandum, EQT Ventures and Northzone say they'll continue to invest even during the coronavirus crisis (Swedish / DI Digital paywall).
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Other interesting things
  • Podcast interview on fundraising and startup trends during the coronavirus crisis, with the Nordic VCs Ashley Lundström (EQT Ventures), Jimmy Fussing Nielsen (Heartcore Capital) and Ilkka Kivimäki ( (English, 40 minutes).
  • Your Local Hero, a Malmö-based non-profit project, allows restaurants to sell gift cards to customers to be used once the coronavirus crisis is over (Swedish).
  • The Swedish government is investing up to SEK300B to support the business sector. Here is a list of the most important measures for employers and entrepreneurs (English).
  • Volvo’s Polestar begins production of the all-electric Polestar 2 in China (English).
  • Meanwhile, Porsche is starting to sell its first electrical vehicle Taycan online in Sweden (Swedish, machine translation).
  • Swedish municipalities test AI to drive efficiencies and cost savings (English).
  • Global heating helps Sweden's vineyards to success (English).

For any feedback or comments, just hit reply.
Take care and stay healthy everyone!

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