Welcome to Swedish Tech Weekly issue #107.
Bringing you the latest from Sweden's tech and startup industry.
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Mergers & acquisitions
- Boappa (Stockholm, app for residential property communication) has sold a 58 percent stake to the state-owned Swedish bank SBAB, with an intention to sell the remaining shares at a later time. The amount was not disclosed (Swedish, machine translation).
News from Swedish startups and the tech sector
- Einride (Gothenburg, autonomous, all-electric transport provider): $110M in a Series B round from new investors Temasek, Soros Fund Management, Northzone, Build Capital, and Maersk Growth, with participation from existing investors (English, Swedish).
- Kameo (Stockholm, crowdfunding platform for financial loans): SEK66M (€6.6M, $8M) from Ilija Batljan and angel investors (English, Swedish).
- Frequencz (Stockholm & San Francisco, solution for turning unlicensed spectrum into private wireless networks): $4.1M in a funding round led by Brightly Ventures, Candou Ventures and Luminar Ventures with participation from Acequia Capital, In-Venture and Starbright Invest (English).
- Elonroad (Lund, developer of electric road technology that allows for automatic charging of EV): SEK22M (€2.2M, $2.6M) from Almi Invest Greentech, Bring, the EU initiative EIT Urban Mobilty and angel investors (English, Swedish).
- Ridesum (Stockholm, digital training app and collaboration platform for riders, trainers and equestrian experts): SEK9M (€900K, $1.1M) from Zenith Group and Hööks (English, Swedish).
- Meitner (Stockholm, education platform for schools): SEK5.8M (€580K, $700K) from angel investors (Swedish, machine translation).
- Ridely, formerly Ztable (Stockholm, app for horse riders to track and share their passion): SEK5M (€500K, $600K) from Sophie Stenbeck and other undisclosed investors (English, Swedish).
- Vagon (Stockholm, personal supercomputer on the cloud): SEK4.3M (€430K, $500K) from APY Ventures and angel investors (English).
- Voyado (Stockholm, customer experience platform for e-commerce and retail): undisclosed amount from Verdane (English, Swedish / DI Digital paywall).
- Skosh (Lund, direct-to-consumer brand for sustainable and innovative cleaning products): undisclosed amount from angel investors (English).
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- With a contribution of SEK281B (€28B, $34B) to the GDP in 2020, the tech industry has now reached the status of a "basic industry" in Sweden (Swedish, machine translation).
- Malmö-based foodtech startup Sproud "whips up the worldwide plant drink market" with its milk made from split peas (English).
- Done, app-based on-demand home services marketplace from Stockholm, gears up for expansion into many Swedish cities (Swedish, machine translation).
- Klarna saw its customer base grow faster than any of its European and US rivals in the buy now pay later (BNPL) space last year (English).
- Swedish investor and Atomico co-founder Mattias Ljungman has formally launched his previously announced London-based VC firm Moonfire Ventures, which raised $60M to target seed and pre-seed deals (English).
- Danish online wine marketplace Vivino won a court case against Systembolaget, the Swedish alcohol monopoly, and may continue selling wine online to customers in Sweden (Swedish, machine translation).
- SVT, the Swedish public service TV broadcaster, released its in-house transcoder solution for VoD streaming as open source (English).
- 🎧 Wide-ranging podcast interview with former finance minister of Sweden Anders Borg, who has turned into a busy tech investor and advisor (Swedish, 45 minutes).
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Other interesting things
- New app shows air quality in every point of Stockholm (English).
- In Sweden, an individual's personal data is available online by default. Here is how to remove some of it (English).
- Volvo AB and Daimler Trucks team up in hydrogen fuel cell joint venture (English).
- PostNord is introducing on demand postage codes as an alternative to physical stamps on the Swedish market (Swedish / Ny Teknik paywall).
- Swedish man discovers trove of bronze age treasures hidden in plain sight (English).
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