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Welcome to Swedish Tech Weekly issue #138.
Bringing you the latest from Sweden's tech and startup industry.

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Mergers & acquisitions
  • Voyado (Stockholm, customer experience platform for e-commerce and retail) acquires Lund-based Apptus, maker of an AI-powered e-commerce optimisation solution, for around SEK400M (€40M, $44M) (English, Swedish / Breakit paywall).
Financing rounds
  • Bokadirekt (Stockholm, marketing and booking platform for the wellness and beauty sector): SEK300M (€30M, $33M) from VNV and Sprints Capital (English).
     
  • Majority (Stockholm & Houston, all-in-one mobile banking for migrants in the US): $27M in a Series A funding round led by Valar Ventures, with participation from existing investors (English, Swedish / DI Digital paywall).
     
  • Candela (Stockholm, manufacturer of a long-range electric boats): 24M ($27M) in a funding round led by EQT Ventures (English, Swedish).
     
  • Gamifiera (Stockholm, provider of a loyalty platform with gamification elements and community functionality): SEK12M (€1.2M, $1.4M) from Quiq Holding, existing investor Wellstreet and angel investors (English, Swedish).
     
  • LumeoTech (Gothenburg, developer of technology to attach wearable electronics anywhere on any fabric): SEK5M (€500K, $550K) from CBC Investment Group (English, Swedish).
     
  • Molecular Attraction (Stockholm, developer of technology for development of vector-diseases control and eradication strategies): undisclosed amount (but more than SEK2.5M) from Almi Invest and angel investors (English, Swedish).
     
  • Renomate (Stockholm, home renovation service): SEK1.5M (€150K, $160K) in a seed round from angel investors (English, Swedish).
     
  • Spotscale (Linköping, 3D technology company): undisclosed amount from Riksbyggen (Swedish / IDG paywall, Swedish #2, machine translation).
     
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News from Swedish startups and the tech sector
  • Tradera, Swedish online market place founded in 1999 and acquired by eBay in 2006, is becoming independent again through a management buyout from current owner PayPal (Swedish / DI Digital paywall, Swedish #2, machine translation).
     
  • Klarna launches a browser extension with payments and coupons (English). Also, the company plans to establish a product development hub in Gothenburg, creating 500 jobs (Swedish, machine translation).
     
  • Another Gothenburg news: Battery startup Northvolt and Volvo Cars will open a joint research and development centre in the Western Swedish city (English).
     
  • Drone startup Aerit will pilot drone delivery services to Stockholm's archipelago in collaboration with grocery chain ICA and other partners (English, Swedish).
     
  • Ingrid, Stockholm-based SaaS solution for e-commerce shipping providers, partners with Foodora to turn the service into a last mile delivery option for e-commerce (Swedish, machine translation).
     
  • Kavall, Stockholm-based hyper-local grocery delivery service, launches in Finland (Swedish, machine translation).
     
  • Interview with Hannah Lindström, co-founder of Stockholm-based digital menopause coach Olivia (English).
     
  • Atomico's State of European Tech 2021 report is out. According to it, Sweden registered the most capital invested per capita this year. Sifted has a handy summary (English).
     
  • Swedish VC firm Industrifonden appoints Peter Wolpert as new CEO (English, Swedish).
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Other interesting things
  • 🎧 How to kickstart network effects - thoughts from the founders of Reddit and Clubhouse (English, 31 minutes).
     
  • Why do VCs want you to incorporate in Delaware? (English).
     
  • A primer on "anti-dilution" (the additional protection granted to investors in a down round) (English).
     
  • Volvo had some R&D data stolen in security breach (English).
     
  • Polestar will increase its EV’s horsepower with a €1,000 software update (English).
     
  • EU extends free roaming to 2032 (English).
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Take care!

Martin
@swedishtechwkly


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