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Welcome to Swedish Tech Weekly issue #42.
Bringing you the latest from Sweden's tech and startup industry.

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Financing rounds
  • Habity (Stockholm, an app striving to simplify people's housing): SEK15M (€1.4M, $1.5M) in a funding round led by Schibsted (English, Swedish).
     
  • Soundation (Stockholm, online music studio): SEK7M (€650K, $700K) from angel investors (Swedish, machine translation).

  • Ridesum (Stockholm, digital training arena and collaboration platform for riders, trainers and equestrian experts): SEK5.3M (€500K, $550K) from Zenith Group, Propel Capital and angel investors (English, Swedish).
     
  • Mobile Stories (Stockholm, journalism platform for young people): SEK4.7M (€440K, $480K) from Google.org (Swedish, machine translation).
     
  • Insurely (Stockholm, digital insurance platform): SEK3.7M (€340K, $380K) from angel investors (Swedish, machine translation).
     
  • Lace Laboratory (Stockholm, creator of and e-commerce store for panties): Undisclosed amount from angel investors (Swedish, machine translation).
     
  • Swedish VC firm Northzone is participating in a $25M Series A financing round raised by Finnish startup HappyOrNot, developer of a real-time feedback solution. For the firm this is a follow-on investment (English).
     
  • Swedish VC firm EQT Ventures led a $21M Series B raised by Darkstore, a San Francisco-based startup creating a tech-driven fulfillment solution to enable e-commerce companies to offer same-day delivery (English).
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News from Swedish startups and the tech scene
  • Brief profile of Tolkvox, a Stockholm-based startup that develops interpreting technology for Sweden's public sector (Swedish, machine translation).
     
  • Instabox, based in Stockholm, is Sweden's driving force in establishing automated parcel pick up stations (Swedish, machine translation).
     
  • Acast, the Stockholm-based podcasting company, is currently expanding into the (generally challenging) German market. Here is some background (English).
     
  • The city of Stockholm has started to collect rental e-scooters which are blocking sideways. The companies operating them can get them back for SEK500 each, approx $50 (Swedish).
     
  • Zynapp, a Karlstad-based startup having developed an app-based digital vault, has filed for bankruptcy and is shutting down (Swedish, machine translation).
     
  • The 3 winners of The Norrsken Award 2019: Re:newcell, Ignitia and N2 Applied. PantaPå won the people's choice award (English).
     
  • The German VC firm Global Founders Capital has opened an office in Stockholm (Swedish, machine transition).
     
  • A report on startup funding in the Nordics through the lens of gender diversity (English).
Other interesting things
  • It took a while, but now fintechs are challenging Sweden's four leading banks (Swedish, machine translation).
     
  • Google has announced the biggest corporate purchase of renewable energy in history. 286 megawatt out of the total 1,600 megawatt capacity purchased will be located in Sweden (English).
     
  • Swedish fashion retail giant H&M is set to embrace a marketplace model as a test case to enable brands to sell products on its platform, both online and offline (English).
     
  • A Nordic initiative to drive the development of electric aircraft is being launched. The "Nordic Network for Electric Aviation" has eleven members, among them several Nordic airlines as well as Heart Aerospace, the Gothenburg-based startup planning to manufacture an electric regional airplane (English).
     
  • How an ad campaign by Swedish Oatly went wrong (English).
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Martin
martin@swedishtechweekly.com
@swedishtechwkly
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