Welcome to Swedish Tech Weekly issue #18.
Here is the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- EcoGuard (Örebro, provider of cloud-based software, sensor products and solutions for residential building owners), has been acquired by Finnish developer of building automation systems Fidelix. The price has not been communicated (in English, in Swedish).
- Compuverde (Karlskrona, developer of file software solutions for enterprises and cloud providers), has been acquired by Californian data storage company Pure Storage. The financial terms were not disclosed (in English, in Swedish).
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- Klarna (Stockholm, payments provider): more than SEK1B (€95M) from existing investors Sequoia Capital, Permira, Bestseller Group (in Swedish, machine translation).
- Climeon (Stockholm, "world leader in converting low temperature heat into electricity"): SEK249M (€23.9M) through a directed new share issue (in English, in Swedish).
- Stravito (Stockholm, enterprise search engine software for market knowledge): SEK58M (€5.6M) from Henq, Creades and Inventure (in English, in Swedish).
- Zaver (Stockholm, payments service to facilitate peer-to-peer trades and more): SEK11.5M (€1.1M) from Inventure, Inbox Capital and angel investors (in English, in Swedish).
- Sharin (Stockholm, micro insurances for the sharing economy): SEK10M (€958K) in a seed round from Inventure, Luminar and others (in English, in Swedish).
- Colive (Stockholm, creator of co-living solutions): SEK7.6M (€730K) from angel investors (in English, in Swedish).
- Bofink (Stockholm, creator of a mortgage advisor bot): SEK5M (€479K) from angel investors, among them former Swedish footballer Fredrik Ljungberg (in Swedish, no machine translation available).
- Studybee (Malmö, developer of a solution that extends Google Classroom functionality): SEK4.5M (€430K) from existing investors, including Almi Invest, PJ & PL Invest and Djäkne Startup Studio (in English, in Swedish).
- Medicheck (Stockholm, online doctor appointments): SEK4M (€383K) in a media for equity-deal from Aggregate Media (in Swedish, machine translation).
- Symbiome.io (Stockholm, develops a data-driven solution for analyzing the gut flora): SEK3M (€287K) from Add Health Media and 3TInvest as well as an angel investor (in Swedish, machine translation).
- Kameo (Stockholm & Oslo, facilitator of crowdfunded loans for companies): undisclosed amount from ABG Sundal Collier (in Swedish, machine translation).
- Biohax International (Helsingborg, developing NFC chip technology for the human body): undisclosed amount from Icon Capital Reverse (in English).
- Swedish VC Firm EQT Ventures has participated in an early stage investment round raised by German mobile games startup Popcore (in English).
- Swedish/Nordic VC firm Verdane Capital X has increased its ownership in German re-commerce platform momox and invested in German startups AlphaPet and Tiger Facility Services, by taking over the shares from German media for equity firm German Media Pool (in English).
News from Swedish startups and the tech scene
Other news and interesting things to read
- Sol Voltaics, a Lund-based deep tech startup which provides next-generation solar nanotechnology solutions and raised a total of about €50M, has gone into bankruptcy (in English).
- Klarna has launched what it calls a "global authentication platform"— an aggregator with multiple global and local authentication solutions, including, among others, Swedish "BankID" (in English, in Swedish).
- Malmö-founded graph database firm Neo4j announced a strategic partnership with Google Cloud (in English, in Swedish).
- Vanja Tufvesson of Malmö-based non-profit Pink Programming which aims to increase the number of women who program, has been named Sweden's female founder of the year (in Swedish, machine translation).
- Report from the major unconference Sweden Demo Day which took place in Stockholm last week (in English).
- Swedish seed VC fund Luminar Ventures has announced the second closing of its now $60M venture fund, and adding Linda Höglund as General Partner (in English).
- Podcast interview with Kerstin Cooley, managing director at Stockholm-based seed fund Moor Capital (in Swedish).
- Estonian transportation company and Uber rival Bolt (formerly known as Taxify) is launching its service in Stockholm this week (in Swedish, machine translation).
- Amazon still hasn't launched a localized e-commerce site in Sweden. Therefore, Amazon's estimated e-commerce revenue from Swedish customers last year was only somewhere in the $20M range (in Swedish, machine translation).
- 49 % of AI experts working in Sweden received their PhDs abroad, according to the Global AI Talent Report 2019. This share is higher in only one country, Switzerland with 50 %. (in English).
- The hardware collaboration between Ikea and audio specialist Sonos took 3 years to bring something to the market, because Ikea, true to its principles, wanted to start from scratch (in English).
- A municipality-owned housing project in the city of Helsingborg aims to bring people from different generations and cultures together by requiring residents to socialize with each other for at least two hours a week (in English, in Swedish).
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