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Welcome to Swedish Tech Weekly issue #118.
Bringing you the latest from Sweden's tech and startup industry.

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Mergers & acquisitions
  • Veoneer (Stockholm, global automotive technology company) is being acquired by Canadian auto supplier Magna International for about $3.8B in cash (English, Swedish).
  • Klarna (Stockholm, payments and shopping provider) acquired German mobile wallet startup Stocard for reportedly €113M ($133M), according to German media (English, German, Swedish).
  • Björn Lundén (Näsviken, provider of financial software for SME and accountancy customers) sold a majority stake to private equity firm Main Capital. The price was not disclosed (English / Swedish / DI Digital paywall).
  • Stunlock Studios (Skövde, game developer) sold a majority stake to Tencent, which already was an investor before. The price was not disclosed (English).
Financing rounds
  • Anocca (Södertälje, developer of a technology platform for analysis of T-cell biology): $47M in a Series B funding round from Swedbank Robur Ny Teknik, Ramsbury Invest, family offices and existing investors (English).
  • Mindler (Stockholm, digital service for talking with psychologists): SEK150M (€15M, $17M) in a funding round led by CNI, with participation from Ventech, Schibsted, Back in black and angel investors (English, Swedish / DI Digital paywall, Swedish #2).
  • Starmony (Stockholm, AI-powered music-making app): SEK30M (€3M, $3.5M) from Brightly Ventures, Bonnier Ventures, Acecap, angel investors and existing investors (English, Swedish / DI Digital paywall, Swedish #2).
  • Corite (Stockholm, platform for crowdinvesting in music artists): $2.2M in a private token sale from ChromaWay and other investors, for their upcoming blockchain platform, “Fan Power” (English).
  • vVenues (Stockholm, virtual event platform): SEK12M (€1.2M, $1.4M) from Brightly Ventures (English, Swedish).
  • KitchenGrowth (Stockholm, ghost kitchen provider): SEK1.5M (€150K, $170K) from angel investors (English, Swedish).
  • Sweden- & UK-based VC firm Oxx co-led a $11M Series A funding round raised by French open source API management platform Gravitee (English).
News from Swedish startups and the tech sector This issue of Swedish Tech Weekly has been sent to 882 subscribers. That's 3 more than last issue.
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Other interesting things
  • Telia has the fastest 5G network in Stockholm, followed by Telenor, Tele2 and Tre (Swedish, machine translation).
  • Time Magazine named Gothenburg one of the world’s greatest places. It's the first time a Swedish city has been placed on the annual list (English).

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