Welcome to Swedish Tech Weekly issue #99.
Bringing you the latest from Sweden's tech and startup industry.
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News from Swedish startups and the tech sector
- Klarna (Stockholm, payments and shopping provider): $1B in a 4 times oversubscribed funding round at a post-money valuation of $31B, from new and existing investors (English, Swedish).
- Baseload Capital (Stockholm, specialized investment entity that funds the deployment of heat power worldwide): $25M from Chevron Technology Ventures (English).
- Esportal Group (Stockholm, esports platform): SEK42M (€4.2M, $5M) from Uequity, LMK Venture Partners and Modelio Equity (English, Stockholm).
- Pihr (Stockholm, creator of technology to make salaries more equal): SEK20M (€2M, $2.3M) from existing and undisclosed new investors (English, Swedish).
- Astrid Education (Stockholm, AI-powered English learning solution for kids and teens around the world): $1.3M from Sana Labs and angel investors (Swedish, machine translation).
- Bricknode (Skövde, B2B focused SaaS cloud banking software): SEK10M (€1M, $1.2M) in a funding round led by Backing Minds (English, Swedish).
- Strawbees (Gothenburg, developer of coding and creativity tools for the classroom): SEK8M (€800K, $930K) from Almi Invest and angel investors (English, Swedish).
- FUNCiFUR (Stockholm, producer and seller of insect-based dog food): SEK7.5M (€740K, $880K) from angel investors (English, Swedish).
- Quickchannel (Stockholm, provider of high performance online streaming and recording services): SEK4M (€400K, $470K) from existing investor blq invest (English).
- Mypauze (Växjö, producer and seller of signal blocking and anti-radiation pouches for smartphones and tablets): SEK2.5M (€250K, $300K) from among others Almi Invest (Swedish, machine translation).
- Swedish VC firm Creandum participated in a £20M (€23M, $28M) seed round raised by London-based grocery delivery startup Dija (English).
- Swedish VC firm Mist Ventures participated in a €700K funding round raised by Danish grid intelligence startup Okto (English).
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- The Financial Time has published its fifth annual list of Europe’s 1000 fastest-growing companies. The highest Swedish contender is sustainable energy storage startup Polarium at rank 7 (English).
- Linas Matkasse, Stockholm-based grocery bag delivery service founded in 2008, is reportedly gearing up for an IPO (Swedish / DI Digital paywall), as is Borås-based e-commerce company RevolutionRace (Swedish, machine translation).
- Esports platform Challengermode has announced its expansion into the North American market (English).
- Fidesmo is expanding its wearable payments service to Switzerland (English).
- The KTH Royal Institute of Technology is investing SEK100M (€10M, $12M) to create Sweden's fastest supercomputer (Swedish, machine translation).
- Stockholm-based private equity and VC firm eEquity promoted Jessica Mattsson to Partner (English, Swedish).
- 🎧 Klarna founder Sebastian Siemiatkowski talks with Harry Stebbins about scaling Europe’s most valuable private tech company, and other things (English).
- How to define, develop and maintain culture in fast-growing companies, by Creandum Partner Carl Fritjofsson (English).
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Other interesting things
- Volvo says it will only sell electric cars by 2030 (English).
- Karolinska University Hospital in Stockholm has been ranked the world's 7th best hospital (English, Swedish).
- 📺 How Sweden survives without small talk (English, 6 minutes)
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