Welcome to Swedish Tech Weekly issue #48.
Bringing you the latest from Sweden's tech and startup industry.
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- FirstVet (Stockholm, on-demand video platform for veterinary appointments): €18.5M ($20.5M) in a Series B financing round led by OMERS Ventures and supported by existing investor Creandum (English, Swedish).
- Stunlock Studios (Skövde, game studio): $4M from Tencent for 31 per cent of the shares (Swedish #1 / DI Digital paywall, Swedish #2, machine translation).
- Serstech (Lund, developer of chemical intelligence solutions): SEK25M (€2.3M, $2.6M) through a guaranteed rights issue (English, Swedish / DI Digital paywall).
- Simris Alg (Hammenhög, maker of plant-based omega-3 supplements): SEK22.6M (€2.1M, $2.4M) through a not fully subscribed rights issue (Swedish, machine translation).
- Insert Coin (Gothenburg, provider of digital gamification solutions): SEK15M (€1.4M, $1.6M) from angel investors (English, Swedish).
- BetterWealth (Malmö, robo-advisor): SEK10M (€940K, $1M) from Nils-Robert Persson (English, Swedish).
- Velove (Gothenburg, provider of efficient last-mile solutions): SEK10M (€940K, $1M) from Almi Invest and angel investors (English, Swedish).
- Deligate (Örebro, provider of a solution to reduce food waste at grocery stores and other retailers): SEK7.5M (€700K, $780K) from Swedia Capital and others (English, Swedish).
- Learnster (Stockholm, digital education platform for companies): SEK6M (€560K, $620K) from Lars Lindgren and existing investors (English, Swedish).
- Newsvoice (Stockholm, digital news aggregator): SEK5M (€470K, $520K) from Almi Invest and angel investors (English, Swedish).
- Panion (Malmö, social app to meet like-minded people in real life): SEK2.5M (€230K, $260K) from angel investors (English, Swedish).
News from Swedish startups and the tech sector
Other interesting things
- CAKE, a Stockholm-based startup creating lightweight electric motorcycles, has announced a new electric motorcycle platform called Ösa, which features a workbench and offers over 1,000 customization combinations (English).
- Gnosco, based in Gothenburg, has developed a diagnostic support platform for faster and more secure diagnosis of skin lesions and wounds, and is making inroads into Sweden's healthcare system (Swedish, machine translation).
- Minna Technologies, a Gothenburg-based provider of subscription management solutions, partners with Norway's second-largest financial institution SpareBank 1, to let customers cancel subscriptions such as streaming or gym membership, from the bank's mobile app (English).
- Neo4j, a Malmö-founded graph database provider, has launched Aura, "the first fully-managed native graph database as a service" (English).
- Ikea and H&M step up venture capital investments (English / URL goes through Google search due to FT paywall).
- There are now e-scooters from 9 different companies available for rent on the streets of Stockholm (Swedish, machine translation).
- Sweden urgently needs digital state money as legal tender, an e-krona, says Stefan Ingves, Governor of the Swedish central bank (English).
- What's behind the concept of "VC as a platform" (English).
- IKEA is using technology from the British startup Winnow to reduce food waste in its store restaurants throughout the UK and Ireland: The solution identifies and weighs food waste and automatically assigns a dollar value to each scraped plate, based on the idea of "What gets measured gets managed" (English).
- The design thinking behind the upcoming cars of Polestar, Volvo Cars' electric car brand (English). Also, Volvo Cars announced that it would become the first carmaker to implement global traceability of cobalt by applying blockchain technology (English).
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