Welcome to Swedish Tech Weekly issue #54.
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
- WhistleB, a Stockholm-based startup that created a whistleblowing solution and incident management software, has been acquired by Navex Global, a US-based software company. The amount of the deal was not disclosed (English).
If you like Swedish Tech Weekly, please tell a friend, colleague or business partner about it! Forward this email, recommend swedishtechweekly.com on Slack/your team app of choice, or like/retweet this tweet.
- Brainlit (Lund, developer of biocentric lighting environment solutions): SEK110M (€10.5M, $11.7M) from 75 local investors (English, Swedish).
- Fishbrain (Stockholm, social network for anglers): $5M from Hodges Group (Swedish, machine translation).
- Opti (Stockholm, mobile robo-advisor): SEK42M (€4M, $4.5M) from angel investors (Swedish / DI Digital paywall).
- Worldfavor (Stockholm, B2B digital sustainability platform): SEK30M (€2.9M, $3.2M) from Spintop Ventures, Brightly Ventures and existing investors (English, Swedish).
- Memmo (Stockholm, provider of personalised greeting messages from celebrities): SEK20M (€2M, $2.1M) from Luxor Capital and angel investors (Swedish, machine translation).
- Hencol (Grebbestad, digital decision support system for livestock management): SEK10M (€1M, $1.1M) from angel investors (English, Swedish).
- C2Amps (Malmö, maker of nanowire transistors): €315K ($350K) from Almi Invest and LU Holding (English).
News from Swedish startups and the tech sector
Other interesting things
- A security flaw found in the system of e-scooter startup VOI a few weeks ago could have potentially affected "up to a million users", which makes the incident appear more serious than what the company initially revealed (Swedish #1 / DI Digital paywall, Swedish #2, machine translation).
- Payments provider Klarna announced its plan to open a tech hub in Germany’s capital Berlin at the beginning of next year (English) and eyes an IPO in the US in 2020 or 2021 (English).
- Truecaller, meanwhile, expects to go public by 2022. Until then, the Stockholm-based operator of a caller-id system plans to expand its fintech services (English).
- SidekickHealth, a Gothenburg-based digital therapeutics startup that wants to help people prevent and manage chronic diseases, partners with life sciences and pharmaceutical giants Bayer and Pfizer (English).
- European VC firm Atomico has announced the results of its first angel program and launched its second cohort, with 15 new angels, including one addition from Sweden: Danica Kragic, professor of computer science at the Royal Institute of Technology (KTH) (English).
- Starting Up is a free online course to learn entrepreneurial thinking launched by Finland's Aalto University and partners (English).
- Long, personal portrait by Wired of Swedish inventor, maker and YouTube star Simone Giertz, touching among other topics her recent life and battle with a brain tumor (English).
- Sweden’s central bank has tapped Accenture to develop its e-krona digital currency pilot project (English).
- When someone hacks a Spotify account, a portrait of the hacker often emerges. Sometimes it even brings people together in unusual ways (English).
- Ikea 2.0: inside the furniture giant’s big bet on the smart home (English).
- The Swedish "fika" ritual is being introduced to some offices in the UK (English).
- This is the last issue for 2019. It has been lots of fun to monitor and curate the industry news througout the past 12 months. I love and appreciate that you find value in Swedish Tech Weekly and give it your attention!
I'm not entirely sure yet when I'll publish the first issue of 2020. But you should have received it at the latest by around Thursday January 9. I wish you pleasant holidays and a good start into 2020.
For any feedback or comments, just hit reply.
Check out my other email newsletter, filled with interesting, insightful and thought-provoking things to read about the digital world: meshedsociety.com.