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Welcome to Swedish Tech Weekly issue #130.
Bringing you the latest from Sweden's tech and startup industry.

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Financing rounds
  • Funnel (Stockholm, marketing data analysis platform): SEK578M (€58M, $66M) in a funding round co-led by AP4 and Stena Sessan, with participation from existing investors (English, Swedish).
  • Juni (Gothenburg, banking platform for e-commerce and online marketing companies): $52M in a Series A extension round led by EQT Ventures (English, Swedish / DI Digital paywall).
  • Trustrace (Stockholm, SaaS solution for supply chain transparency and product traceability): SEK50M (€5M, $6M) in a Series A round of funding led by Industrifonden and Fairpoint Capital (English, Swedish).
  • Wint (Gothenburg, SaaS accounting platform for businesses): SEK30M (€3M, $3.5M) from existing investors (English, Swedish).
  • Funmed (Gothenburg, functional medicine startup): SEK25M (€2.5M, $2.9M) from angel investors (Swedish, machine translation).
  • Zaplify (Stockholm, SaaS sales acquisition engine for customer interactions): SEK12M (€1.2M, $1.4M) from Modelio Equity and other undisclosed investors (English, Swedish).
  • Airpelago (Gothenburg, drone software for efficient inspections): undisclosed amount in a pre-seed round led by VEQ (English).
  • Roaring (Stockholm, data service provider for streamlining and automating business processes): undisclosed amount in a strategic investment from SEB Venture Capital (English, Swedish).
  • Swedish VC firm Creandum led a $17.4M Series A round raised by Polish startup Vue Storefront, creator of a frontend platform for headless commerce (English).
News from Swedish startups and the tech sector
  • Breakit lists "Sweden's 99 hottest scaleups" (Swedish, machine translation).
  • Vässla, Stockholm-based micro-mobility startup, expands outside of Sweden by launching its e-bike subscription service in Berlin and Madrid (Swedish, machine translation).
  • The technology of Malmö-founded graph database firm Neo4j is being used by journalists to analyse the recent Pandora Papers leak (Swedish, machine translation).
  • Nothing, the London-based hardware startup founded by Swedish entrepreneur Carl Pei, has raised additional $50M from strategic and private investors, among them Swedish House Mafia members Axwell and Sebastian Ingrosso (English, Swedish).
  • Swedish entrepreneurs Denise Sandquist and Oscar Xing Luo founded Fika, "Vietnam's fastest growing AI social & dating app". The company just raised $1.6M in funding in a seed round led by VNV Global (English, Swedish).
  • Silicon Valley-headquartered VC firm Accel published its state of European SaaS report (English), as well as a list of the Top 100 European and Israel-based cloud companies (slide 35). 3 Swedish startups made the list: Mentimeter, and GetAccept.
  • Minc Scale is a new initiative launched by Malmö-based startup Minc, to support startups in their growth stage (Swedish, machine translation).
  • Swedish VC firm Creandum published insights into gender distribution among its portfolio companies (English).
  • 📺 Carl-Magnus Norden, founder and executive chairman at Stockholm-based electrical truck startup Volta Trucks, talks on Cheddar News about the company's ambitions (English, 4 minutes).
This issue of Swedish Tech Weekly has been sent to 973 subscribers. That's 13 more than last issue. If you enjoy this newsletter, please tell a friend, colleague or business partner about it! Forward this email, recommend on Slack/your team app of choice, or like/retweet this tweet. Or this tweet. Thank you!

Other interesting things
  • Skellefteå, the "miraculous eco-town with a 20-storey wooden skyscraper" (English).
  • Oatly, Malmö-based maker of vegan food and drink products, opens a research center in Lund (Swedish, machine translation).
  • 30% of IKEA's sales were generated online during the financial year 2021, up from 18% the year before (English).
  • SAS and Norwegian will no longer require passengers to wear face masks on flights within Sweden, Norway, and Denmark (English, Swedish).
  • How to recognize when tech is leading society down a ‘slippery slope’ (English).

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