Welcome to Swedish Tech Weekly issue #131.
Bringing you the latest from Sweden's tech and startup industry.
If this email has been forwarded to you, you can sign up for free at swedishtechweekly.com.
+++ Sponsor message +++
Startup? Scaleup? What’s up? Stockholm-based Qap Legal offers legal advice within M&A, core corporate or commercial law – in true go-getter spirit! Join team Qap in bringing legal advice into the digital age! That’s what’s up. Learn more here.
Mergers & acquisitions
- Klarna (Stockholm, payments and shopping provider) acquired US-based online trip planner Inspirock. Financial terms were not disclosed (English, Swedish).
- Loop54 (Stockholm, SaaS solution for e-commerce search & navigation) was acquired by German competitor FACT-Finder. Financial terms were not disclosed (English, Swedish).
News from Swedish startups and the tech sector
- Zaver (Stockholm, payments service to facilitate peer-to-peer trades and more): SEK114M (€11.4M, $13.3M) from existing investor Inbox Capital and angel investors (English, Swedish).
- Norban (Malmö, digitally-powered real estate broker): SEK34M (€3.4M, $4M) from Neptunia Invest, Beijer Ventures and existing investors (English, Swedish).
- Lace Laboratory (Stockholm, direct-to-consumer brand for panties): SEK18M (€1.8M, $2.1M) from new and existing angel investors (English, Swedish).
- Texelio (Stockholm, solution to turn stock market news data into key insights): SEK5.5M (€550K, $640K) from Truesight Ventures, Wellstreet Ventures and angel investors (English, Swedish).
- Eperoto (Gothenburg, SaaS tool to produce risk-value assessments of legal disputes): SEK5M (€500K, $580K) from Chalmers Ventures, Icebreaker.vc and angel investors (English, Swedish / Affärsvärlden free registration required).
- WEIQ (Malmö, booking and payment app for restaurants): (€500K, $580K) from angel investors (English, Swedish).
- Klarna partipcated in a $100M funding round raised by German startup Billie, provider of "buy now pay later" payment methods for businesses (German, machine translation).
This issue of Swedish Tech Weekly has been sent to 979 subscribers. That's 6 more than last issue. If you enjoy this newsletter, please tell a friend, colleague or business partner about it! Forward this email, recommend swedishtechweekly.com on Slack/your team app of choice, or like/retweet this tweet. Or this tweet. Thank you!
- Sweden's 33 best tech startups in 2021, according to NyTeknik (Swedish, machine translation).
- Spotify is America's most loved workplace 2021, according to a Newsweek ranking (English).
- Doconomy, Stockholm-based creator of climate-friendly fintech solutions, partners with San Francisco-based API-first negative emissions platform Patch, to introduce a tech stack for climate fintech (English).
- Stockholm-based startup Mojo just launched an AI-powered at-home semen analysis service in Stockholm, with availability across Sweden as well as in London planned for spring next year and other European markets thereafter (Swedish, machine translation).
- Kneedly, a newly launched startup from Gothenburg founded by Linn Söderholm and Alice Nilsson, develops digital solutions for aiding the diagnosis of knee ligament injuries (Swedish, machine translation).
- Goobit and Safello, Swedish crypto exchanges, are being investigated by Sweden’s Financial Supervisory Authority. The watchdog wants to know how the firms follow money-laundering rules (English, Swedish).
- VOI has been selected by the City of Copenhagen as one of 4 operators to bring e-scooters back to the Danish capital (English).
- Quickbutik, Helsingborg-based all-in-one e-commerce platform solution similar to Shopify, announced that it is expanding its platform to Danish e-retailers (English).
Other interesting things
- IKEA is working on a Spotify-enabled speaker that doubles as a lamp (English).
- Einar, one of Sweden's most popular rappers, was shot dead in Stockholm (English).
- Why Swedish teenagers drive small and excruciatingly slow cars (English).
For any feedback or comments, just hit reply.