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Welcome to Swedish Tech Weekly issue #19.
Here is the latest from Sweden's tech and startup industry.

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Mergers & acquisitions
  • Hygglo (Stockholm, marketplace for short rentals of gadgets) has acquired Leieting, its smaller competitor based in Bergen, Norway. Financial details were not disclosed (in English).
Financing rounds
  • Billogram (Stockholm, invoicing and payments technology): SEK38M (€3.6M) from M2 Asset Management, Inbox Capital, CNI and others (in English, in Swedish).
     
  • NuvoAir (Stockholm, develops technology to make respiratory diseases measurable and more treatable): SEK28M (€2.7M) from Industrifonden, existing investor Spiltan and others (in English, in Swedish).
     
  • Engaging Care (Malmö, SaaS platform for healthcare providers to communicate with patients): €2.5M (SEK26M) from Connect Ventures, Crowberry Capital and others (in English).
     
  • Bintel (Helsingborg, smart waste management technology): SEK8M (€767K) from Almi Invest and angel investors (in English, in Swedish).
     
  • Scandinavian Man (Stockholm, platform that helps launch and market Nordic principles, personalities and brands to the world): SEK4M (€380K) from Wellstreet (in English, in Swedish).
     
  • Haldor (Sundsvall, developing educational tools in Microsoft Teams for Education): SEK3M (€288K) from Almi Invest and a business angel (in Swedish, machine translation).
     
  • Swedish VC EQT Ventures is leading a Series B financing round of a total £25M (€31.2M) raised by London-based AI startup Cytora (in English).
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News from Swedish startups and the tech scene
  • Profile of imagiLabs, a Stockholm-based startup creating programmable accessories for teen girls to get interested in programming (in English).
     
  • As a fun project, the web agency Zerebra has created a web app and an iOS app called Zcooters showing e-scooters of multiple providers available in Stockholm on one map – as long as those providers don't block access for Zscooters (in Swedish, machine translation).
     
  • Meanwhile, the city of Stockholm and e-scooter companies seem to have agreed on certain rules and limitations in regards to speed and parking of e-scooters in central parts of the city (in Swedish, machine translation).
     
  • Stockholm-based connected car company Springworks has filed for bankruptcy, only a few months after having been acquired by its UK-based competitor Tantalum Corporation. Swedish telecom operator Telia and Swiss connected car company Autosense have acquired Springworks' assets (in Swedish, machine translation).
     
  • Another bankruptcy: Medicoo, a Malmö-based startup in the crowded sector of online doctor appointments (in Swedish, machine translation).
     
  • Maria Hedengren, former CFO at iZettle and "instrumental to iZettle's $2.2B sale to PayPal", is the new CEO of magazine subscription startup Readly. She'll take over from Jörgen Gullbrandson (in English, in Swedish).
     
  • Sweden's first sportstech accelerator, SPIN Accelerator Sweden, has announced 10 startups that join the program (in English).
     
  • After testing it in Sweden, Klarna is launching its Visa payment card in Germany (in English, in German).
     
  • The VC arm of Swedish bank SEB has launched a new fund called Fairpoint Capital, with SEK900M (€86M) from SEB and other institutions waiting to be injected in B2B technology endeavors from the Nordics (in English).
Other news and interesting things
  • A team of the KTH Royal Institute of Technology plans to build Sweden's first hyperloop pod, with the help of railway company MTR Express (in English).
     
  • The Freakonomics podcast interviewed Spotify CEO Daniel Ek and outlines how the company came to where it is today (in English).
     
  • Brilliant TEDx talk (and storytelling) by Malmö-based investor and tech personality Hampus Jakobsson on how to change (in English).
     
  • Swedish e-commerce revenue in 2018 totaled SEK268B (€25.7B) (in Swedish, machine translation).
     
  • Profile of Malmö's "small but sturdy tech ecosystem" (in English).
     
  • Facial analytics technology is about to be tested by some retailers in Sweden (in Swedish, machine translation).
     
  • On the island of Gotland, Sweden will construct the "world’s first electric road", which can charge inductively both an electric truck and a bus while in full motion (in English).
End notes
  • One correction related to last issue: Kerstin Cooley previously was at Moor Capital, but is now managing partner at Brightly Ventures.
     
  • Due to the upcoming Easter holidays, the Swedish tech news cycle might slow down a bit. Whether I'll publish an issue of Swedish Tech Weekly next Thursday or not will depend on if there's enough to report. I don't want to fill your inbox unnecessarily.
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Martin
martin@swedishtechweekly.com
@swedishtechwkly
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