Welcome to Swedish Tech Weekly issue #132.
Bringing you the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- Smart Eye (Gothenburg, developer of in-car AI-based eye tracking technology) acquired Danish human behavior software company iMotions for $46.6M (English).
- Tobii (Stockholm, provider of eye tracking solutions) is acquiring Belgian company Acapela Group, provider of digital voices and AI-powered speech synthesis software, for €9.8M ($11.3M) in cash, through its wholly owned subsidiary Tobii Dynavox (English, Swedish).
News from Swedish startups and the tech sector
- Nick's (Stockholm, producer of healthier snacks): $100M in a Series C funding round co-led by Kinnevik, Ambrosia and Temasek (English, Swedish).
- Moralis (Stockholm, blockchain development platform): $13.4M in a seed funding round led by EQT Ventures (English, Swedish / DI Digital paywall).
- Mendi (Stockholm, developer of a brain enhancement device for home use): SEK40M (€4M, $4.7M) from First Venture and angel investors (English, Swedish).
- Ester Care (Stockholm, upcoming digital platform for women's health): SEK12.5M (€1.25M, $1.5M) from angel investors (Swedish, machine translation).
- Nørdlight (Stockholm, game developer): SEK10M (€1M, $1.2M) from Spin Master Ventures and Almi Invest (English, Swedish).
- Blisser (Stockholm, upcoming entertainment platform for world-changing impact): €860K ($1M) from angel investors (English, Swedish).
- Swedish investment firm Flat Capital participated in a $18M pre-Series B round raised by Indian hyper-local e-commerce platform LoveLocal (English, Swedish).
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- Mimbly, Gothenburg-based creator of sustainable laundry solutions, and its founder and CEO Isabella Palmgren won the final of the Postcode Lotteries Green Challenge and receive €500K ($580K) in prize money (English, Swedish).
- Stockholm-based Flic announced Flic Twist, a combined smart button and dial "that makes it easy to control every aspect of a smart home, even for tech-averse family members, children and guests" (English).
- Yoppie, a period care subscription service founded by Swedish entrepreneur Daniella Peri in London, is launching in Sweden (Swedish, machine translation).
- Klarna's payment options will be integrated with Stripe, the US-based online payments giant, as part of a just announced strategic partnership (English, Swedish). Meanwhile, Sifted identified the 15 most senior people currently at Klarna (English).
- Spotify says US podcast listeners now use its service more than Apple Podcasts (English, Swedish).
- Truecaller revenue more than doubles in first post-IPO earnings report (English).
- Stockholm-based neobank Rocker canceled plans for a public listing in Stockholm only hours before trading was supposed to start (Swedish, machine translation).
- Minut, Malmö-based developer of a camera-less home security solution, is launching in Spain and Portugal (English).
- Swedish entrepreneurs Hussein Fawzi and Ronni Samir founded Mexico-based PideDirecto, a "Shopify with 30-minute deliveries", and just raised $5.25M (English, Swedish).
- Last year, Sweden's video game sector grew by 40% compared to 2019, according to the annual report Game Developer Index (scroll down for English version, Swedish).
- Monta, Danish EV charging app and platform for EV drivers & charge point owners, launched on the Swedish market (Swedish, machine translation).
- J12 Ventures' Managing Partner Luca Banderet published the firms seed pitch deck template (English).
- Sara Resvik joins VC firm Backing Minds as new CEO and partner, and Niklas Thörnestad joins as Investment Manager och partner (Swedish, machine translation).
Other interesting things
- VC investment in Europe totaled €24B in Q3, the second-highest quarterly figure in history (English).
- Iconic Silicon Valley VC firm Sequoia is breaking from the venture capital model to hold public stocks longer (English).
- Scandinavian airline SAS' CEO says its "fighting for survival" (English), while eyeing Latin America markets (English).
- Retail chains in Sweden closed a net of 547 physical stores last year, which represents 3% of the total number of chain stores in Sweden (Swedish, machine translation).
- Sweden acted too slowly as pandemic swept country, commission finds (English).
- I've recently started using a new, pretty great social reading app from the US called Matter. If you are interested in my curated articles about tech and other topics (that have nothing to do with Swedish tech in particular), you can follow me (iOS only for now).
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