Welcome to Swedish Tech Weekly issue #125.
Bringing you the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- Stillfront (Stockholm, game publisher) acquired the Abu Dhabi-based mobile game developer Jawaker for $205M (English, Swedish).
- Ugglo (Stockholm, online children’s book subscription service and educational tool for pre-schools and schools) was acquired by Stockholm-based competitor ILT Inläsningstjänst. Financial terms were not disclosed (English, Swedish).
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- Billogram (Stockholm, invoicing and payments technology provider): $45M from Partech (English, Swedish).
- Movesta (Stockholm, home selling platform): SEK85M (€8.5M, $10M) from angel investors (English, Swedish).
- Chimi Eyewear (Stockholm, D2C e-commerce company): SEK80M (€8M, $9.4M) from eEquity for 21% of the shares (English, Swedish / DI Digital paywall).
- Atomize (Gothenburg, real-time price automation for hotels): SEK34M (€3.4M, $4M) from Vasastaden and other new and existing investors (English, Swedish).
- ZeroPoint (Gothenburg, technology for increased performance per watt for servers and embedded products): €2.5M ($3M) in a seed funding round led by Industrifonden (English).
- Health Integrator (Stockholm, digital health platform for disease prevention): SEK20M (€2M, $2.3M) in a funding round led by J12 Ventures (English, Swedish).
- Utilifeed (Gothenburg, SaaS platform for district heating utility providers and building owners): SEK17M (€1.7M, $2M) from PropTech Farm (Swedish, machine translation).
- Prime Penguin (Stockholm, SaaS platform for warehouse logistics): SEK15M (€1.5M, $1.7M) from WiT Ventures (English, Swedish).
- Kvix (Umeå, livestreaming platform for workout and wellness classes): SEK11M (€1.1M, $1.3M) from local investors such as PartnerInvest Norr and others (English, Swedish).
- Zebrain (Stockholm, personalized platform for online-coaching): SEK8.5M (€850K, $1M) from angel investors (English, Swedish).
- PlayMaker (Östersund, football analytics as a service): SEK5M (€500K, $580K) from Almi Invest and Oscarson Invest (Swedish, machine translation).
- Off Script (Stockholm, e-commerce platform for creators): SEK2.5M (€250K, $290K) from Antler and Harizury (Swedish, machine translation).
- Swedish investment firm VNV Global led a $43M Series B raised by UK-based food and household item sharing app OLIO (English).
- Swedish VC firm J12 Ventures led a 1.5M seed extension round raised by Latvian financial comparison "super app" Jeff App (English).
- Swedish holding company for plant-based food innovation Kale United has invested in Danish startup PerfectSeason (English).
News from Swedish startups and the tech sector
- Stockholm-based imagiLabs launched imagi, an iOS app to learn Python in a playful way, and got a lot of attention for it on ProductHunt (English).
- 14 new startups joined Sting’s autumn 2021 program, six of which are healthtech startups (English).
- Christian Wiklund and Niklas Lindström, two Swedish entrepreneurs, have raised $30M in a Series B funding round for their California-based startup unitQ, which provides a data-driven product quality platform (English, Swedish).
- The VC firm Peak, traditionally Benelux region-focused, is opening up an office in Stockholm, and has appointed Indra Sharma to the position of Partner. She'll be joined by Calin Fabri, Peak’s Head of Sourcing Nordic (English, Swedish).
- Henrik Torstensson, until recently CEO of Lifesum, has left his operative role in the Swedish company to become an investor, joining Alliance Ventures' Stockholm office (Swedish, machine translation).
- Crowberry Capital, operating in Reykjavik and Copenhagen, has launched Crowberry II: a $90M seed and early-stage fund headed up by three women founders, aimed at startups in the Nordic region (English).
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