Welcome to Swedish Tech Weekly issue #14.
Here is the latest from Sweden's tech and startup industry.
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- Stockholm-based digital health startup Lifesum has raised SEK46M (€4.3M) in funding from Balderton Capital. The company also announced that it now has 35 million users worldwide (in English, in Swedish).
- Stockholm-based broadband comparison startup Bredbandsval.se has raised SEK8M (€760K) from angel investors (in Swedish, machine translation).
- Stockholm-based startup HON, a professional networking app for women, has raised SEK3.5M (€330K) from angel investors (in English, in Swedish).
- Malmö-based startup Learning to Sleep, which offers a digital sleep treatment solution, has raised SEK2M (€190K) from Add Health Media (in Swedish, machine translation).
- Malmö-based ride sharing service Passenger has raised SEK1.7M (€160K) from Almi Invest, Starbright Invest and an angel investor (in Swedish, machine translation).
- Swedish VC firm Creandum is participating in a NOK70M (€7.2M) funding round raised by Norwegian price comparison service for sea freight, Xeneta. Creandum has invested in the startup previously (in Norwegian, machine translation).
News from startups and the tech scene
Other news and interesting things to read
- Stockholm-based startup Natural Cycles, which offers a birth control app, has received a final approval from the Food and Drug Administration (FDA) to launch and market its app in the US as contraceptive to prevent pregnancy – reportedly as the first app of its kind in the US (in English, in Swedish).
- Spotify has filed a formal complaint with the EU about what it calls Apple’s anticompetitive actions. The Stockholm-based company also published a campaign site including an extensive visual timeline explaining the issues it has been encountering with Apple and its App Store rules since back in 2010.
- "In the next ten years, I want half of Stockholm’s unicorn companies to be created by women", says the Swedish capital's Mayor, Anna König Jerlmyr.
- Swedish business magazine Veckans Affärer has identified Sweden's "125 most powerful women in business", in various categories such as "entrepreneurs", "investors" and "tech" (in Swedish, machine translation, free registration required).
- Malmö-based startup Anima, creator of the hybrid smartwatch brand Kronaby, has been saved from bankruptcy by the Barcelona-based Festina Group (in English, in Swedish).
- Stockholm-based loan app Bynk has developed a peer 2 peer payment service, which will be integrated with Swedish classifieds juggernaut Blocket. Blocket owner Schibsted is a major Bynk investor (in Swedish, machine translation).
- Gothenburg-based startup Einride has been approved by the Swedish Transport Agency to test run its autonomous truck "T-pod" on a public road in the city of Jönköping (in English, in Swedish).
- E-scooter protagonist #4 just emerged on the streets of Stockholm: Glyde. Little seems to be known about the company for now, which does appear to only have an app but no website (in Swedish, machine translation).
- State-owned investment firm Almi Invest, "Sweden’s most active startup investor", participated in 163 funding rounds last year. 44 of them raised money from Almi for the first time. The total amount invested was SEK226M (in Swedish, machine translation).
- Stockholm-based Wi-Fi startup Instabridge has filed for bankruptcy (in Swedish, machine translation).
- Forbes published a brief profile of Stockholm-based startup Fishbrain, which has become the most popular recreational fishing app and social network worldwide.
- Profile of Gothenburg-based startup Heart Aerospace, which is working on an electric airliner (in Swedish, DI Digital paywall).
- A robot developed by Stockholm-based startup Furhat Robotics is being tested for recruiting to find out whether this could reduce unconscious biases.
- A list of Sweden's 100 largest online retailers by revenue. The top 3: Dustin, Boozt.com, Cdon.com (in Swedish, no machine translation available).
- EU finance ministers were forced to shelve the plan to introduce a special tax for tech giants, after 4 member states opposed the tax in principle, among them Sweden.
- In the light of the 5G rollout and the geopolitical conflict about allegations against Huawei of spying for China, Sweden wants to tighten security requirements for mobile operators and suppliers of telecoms equipment.
- Pizza makers is the occupation with the largest share of foreign born persons in Sweden, 79 percent, according to a list published by the government agency Statistics Sweden.
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