Welcome to Swedish Tech Weekly issue #57.
Bringing you the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- Stillfront, the Stockholm-based independent game publisher, is acquiring the US-based mobile gaming studio Storm8 for $300M, $75M of which will be in Stillfront shares (English, Swedish).
- Speqta, a Stockholm-based online leads provider founded in 2003, acquired Finish fintech Eone, which connects consumers to lenders, for €23.5M ($26M) (Swedish, machine translation).
- Zash, a Stockholm-based company providing point of sale software and payments services, has been acquired by UK-based fintech payments company DNA Payments. The amount was not disclosed (English).
- The Swedish Internet Foundation ("Internetstiftelsen") acquires 67 percent of the shares of Stockholm-based startup Meta Solutions, maker of the information management platform EntryScape, for around SEK30M (€2.8M, $3.2M) (Swedish, machine translation).
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- Tink (Stockholm, open banking provider): €90M ($100M) in a funding round led by Dawn Capital, HMI Capital and Insight Partners (English, Swedish).
- Funnel (Stockholm, platform for marketing data analysis): SEK450M (€43M, $47M) in a Series B funding round led by Eight Road Ventures and F-Prime Capital (English, Swedish).
- Epishine (Linköping, light energy technology for low power electronics): SEK30M (€2.8M, $3.2M) from, among others, Beijer Ventures, and existing investors (English, Swedish).
- Elsa Science (Stockholm, platform for patient driven research for better drugs, health and prevention): SEK20M (€1.9M, $2.1M) in a seed round led by Norrsken VC with participation from angel investors (English, Swedish).
- Oneflow (Stockholm, software platform for managing and tracking contracts): SEK20M (€1.9M, $2.1M) from Mattias Ståhlgren (English, Swedish).
- Medicheck (Stockholm, digital healthcare provider): SEK9M (€850K, $950K) from existing investors (English, Swedish).
- Mimbly (Gothenburg, creating sustainable laundry solutions): SEK8.5M (€800K, $900K) from among others Forec, Almi Invest and GU Ventures (English, Swedish).
- Grace (Stocholm, giving consumers earlier access to their future income): SEK7M (€660K, $730K) from among others CG Partners (English, Swedish).
- Fenix (Stockholm, provider of funeral services): SEK6.7M (€630K, $700K) from angel investors (English, Swedish).
- Carcare (Östersund, SaaS tool for used car dealerships): SEK1.2M (€110K, $130K) from Almi Invest (Swedish, machine translation).
- Swedish VC firm EQT Ventures participates in a €11M Series A funding round raised by Berlin-based startup Home, which wants to transform property rental (English).
News from Swedish startups and the tech sector
Other interesting things
- Profile of YOGUT and its founder Aline de Santa Izabel. The Stockholm-based startup is working on a kitchen counter machine that makes personalized probiotic and prebiotic filled yogurts (English).
- Startup generator Antler presents the 15 Swedish startups it recently invested in, out of 35 businesses that were formed as part of its most recent program (English).
- 17 startups pitched at this year’s first Sting Demo Day (English, Swedish).
- Doktor24, a Stockholm-based digital healthcare provider, welcomes Apoteket AB as strategic investor. Sweden's largest pharmacy chain owned by the Swedish Government acquires 20 percent of the existing shares (English, Swedish).
- Spotify is said to be in conversations to buy The Ringer, an US-based podcast-centric startup (English).
- Media company Bonnier has shut down its Crunchbase-inspired startup database Nordic Tech List (Swedish, machine translation).
- Europe is on the verge of a tech investment breakthrough, writes Mattias Ljungman, co-cofounder of VC firm Atomico and founder of Moonfire Ventures (English).
- Sweden ranks #5 in the annual Bloomberg Innovation Index, up from #7 last year. Germany took the first place (English).
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