Welcome to Swedish Tech Weekly issue #55.
Bringing you the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- Amazon has acquired Sye, the consumer streaming business of Stockholm-based specialist of media networks and resource optimization Net Insight, for SEK350M (€33M, $37M) in cash (English).
- Embracer Group, the Karlstad-based game company formerly known as THQ Nordic, acquired Malmö-based game developer Tarsier Studios for SEK88M (€8.4M, $9.4M) in cash and SEK11M in shares, plus a conditional earn-out (English).
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- Cool company (Stockholm, service provider for freelancers): SEK42M (€4M, $4.5M) from undisclosed investors (English, Swedish).
- Cinode (Stockholm, developer of web-based software solutions for the consulting sector): SEK22M (€2.1M, $2.3M) from blq Invest (English, Swedish).
- Tmpl (Uppsala, creator of a digital communication and service platform aimed at commercial and residential properties): SEK17M (€1.6M, $1.8M) in a funding round led by Wallenstam (Swedish #1 / DI Digital paywall, Swedish #2, machine translation).
- Storage365 (Uppsala, market place for physical storage): SEK10M (€1M, $1.1M) from angel investors. The company counts football star Zlatan Ibrahimovic as one of its early backers (English, Swedish).
News from Swedish startups and the tech sector
Other interesting things
- Norrsken Foundation, the Swedish impact hub created by Klarna cofounder Niklas Adalberth, has launched a €100M “impact-first” investment fund (English).
- Corite, the startup from Stockholm offering a platform for crowdinvesting in music artists that launched its beta in October, says it has closed 10 campaigns for 10 artists so far – collecting over $24,000 in total (English).
- Interview with Cem Celepli Atci, founder of Stockholm-based startup Snaptive, which offers young people app-based, anonymous access to counselors / social workers (Swedish, machine translation).
- Bloomer is a new accelerator launched by the grocery retail group Coop, Norrsken and Sweden Foodtech, that aims at mobilizing tech startups to reshape the food system for a more sustainable world (Swedish, machine translation).te
- Most, an ambitious Stockholm-based logistics startup that aims to deliver next-generation environmental monitoring solutions, has filed for bankruptcy (Swedish, machine translation).
- Kry, one of Sweden's video-based healthcare startups, has launched in Germany (German, machine translation).
- Gustav Söderström, Spotify's Chief Product Officer, leads the ranking of Sweden's highest earners based on 2018 salaries (including bonuses), at SEK332M ($35M). For that and additional capital gains of SEK12M, he paid SEK194M ($20M) in taxes (Swedish #1 / DN paywall, Swedish #2, machine translation).
- Natalia Brzezinski, CEO of Brilliant Minds, talks about the invite-only tech-conference and the foundation and ideas behind it, in a 9-minute interview on MSNBC (English).
- Happy new year to you! I figured that this is a good moment to send the first issue of 2020, so you can catch up with the news of the past 2 1/2 weeks ahead of getting back into work mode. With the next issue to be published on January 16, Swedish Tech Weekly will be back on its regular schedule.
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