Welcome to Swedish Tech Weekly issue #40.
Bringing you the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- NetEnt, a Stockholm-based provider of digitally distributed gaming systems, acquires Isle of Man-based online slot supplier Red Tiger Gaming for £200M (€224M, $250M) plus a possible additional amount of maximum £23M (English).
- TelliQ, an Arboga-based M2M/IoT solution provider, is buying a part of the Gothenburg-based GPS specialist Axtech. Terms were not disclosed (English).
- Bookatreat, a Stockholm-based company managing a digital business for booking appointments to beauty providers, was acquired by Swedish competitor, also based in Stockholm, Boka.se. Terms were not disclosed (English).
- Tryggabud, a Stockholm-based startup offering a solution for verified bidding during real estate auctions, has been acquired by the leading Swedish real estate marketplace Hemnet. Terms were not disclosed (Swedish, machine translation).
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- Lendify (Stockholm, lending platform): SEK197M (€18.M, $20.4M). Investors were not disclosed (Swedish, machine translation).
- Exeger (Stockholm, manufacturer of solar cells): $10M from existing investor SoftBank (English).
- Pulze (Örebro, eSports platform): SEK17.5M (€1.65M, $1.8M) through a private placement ahead of a planned public listing (Swedish, machine translation).
- Sigrid Therapeutics (Stockholm, biotech company aiming to prevent and treat lifestyle diseases): SEK15.5M (€1.5M, $1.6M) from Joyance Partner and others (English, Swedish / DI Digital paywall).
- Freemelt (Gothenburg, metal 3D printing): SEK15.5M (€1.5M, $1.6M) from Industrifonden and existing investors (English, Swedish).
- Hiber World (Gothenburg, browser based game creation and social gaming platform): $800K from Luminar Ventures and Wild Sloths (Swedish, machine translation).
- Vinden (Stockholm, on-demand storage service): SEK4M (€370K, $410K) from angel investors (English, Swedish).
- Ocast (Stockholm, "the world’s first open and independent media and advertising platform"): SEK3.5M (€320K, $360K) from Round2 Capital Partners (English, Swedish).
- Hyber (Stockholm, children's clothing on subscriptions): SEK3.5M (€320K, $360K) from angel investors (English, Swedish).
- Swedish VC firm EQT Ventures participated in a $36.4M Series D round raised by San Francisco-based startup HackerOne, which mediates between hackers and companies interested in testing their online vulnerabilities (English).
- The owner of Volvo Cars, the Chinese automotive firm Geely, led a $55M financing round raised by German flying taxi startup Volocopter (English).
News from Swedish startups and the tech scene
Other interesting things
- X Shore is a Stockholm-based company creating all-electric boats. This short article offers some background (English).
- Quinyx, a Stockholm-based provider of workforce management solutions reportedly valued at more than SEK1.2B (€110M, $120M), is launching on the US market (English / press release, Swedish).
- Majority is a new Texas-headquartered startup launched by Stockholm-based tech company Rebtel, aiming to be a neobank specifically for migrants living in the US (Swedish, machine translation).
- Wayke, a classifieds market place for cars which was launched to steal market share from Swedish classifieds juggernaut Blocket, is instead partnering up with the incumbent (Swedish / DI Digital paywall, Swedish, machine translation).
- The Hackathon for women recently held in Stockholm didn't break the world record but set a new European record, with more than 800 attendees (English).
- The incubator and accelerator Sting launches a program for Deeptech innovations (English).
- GQ sent novelist Reif Larsen to Gothenburg to find out whether the second biggest Swedish city lives up to its ambition of becoming "the most sustainable city in the world" (English).
- London-based VC firm Atomico has launched the official survey for its 2019 State of European Tech report (English).
- Podcast interview with Caroline Walerud, Swedish entrepreneur, co-founder of Volumental, and investor at Walerud Ventures (Swedish).
- 70 percent of Swedes bought something online in Juni 2019, of which half made a purchase on their smartphone (Swedish, machine translation).
- 7300 e-scooters are currently placed througout Stockholm for rent by 10 companies (Swedish / DI Digital paywall).
- I spotted this box in Stockholm's Tessinparken. Very clever: Public voting by encouraging people to throw away a cigarette butt. The question here: “What do you think about e-scooters?”. The right section is for “a plague”.
(click to enlarge)
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