News June 3, 2022: Insert Coin, Norrsken VC, Klarna, ClimateView and more

Here is today's curation of news from Sweden's startup and tech sector.

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Before we start, a vacation notice

Monday is a public holiday (Sweden's National Holiday), and then I'll take the rest of that week and the one after that off to recharge batteries.

The disadvantage of running a one person daily newsletter about an industry that never stops evolving is that there rarely is an ideal moment to take a break, so I do have a bit of a bad conscience. But I shouldn't have of course.

On Sunday June 19, I'll publish and send out a summary of the past 2 weeks, and then on Monday June 20, the daily newsletter will be back. I hope you'll miss it a bit until then (I will miss curating despite looking forward to some off days!), but not so much that it would become a problem, of course.

Funding news

  • Insert Coin (Gothenburg, B2B SaaS provider of gamification technology): SEK45M (€4.3M, $4.6M) in a funding round led by Fros Ventures (English, Swedish / Breakit paywall).
  • Niklas Adalberth's investment in German cleantech aggregator 1KOMMA5° which German media reported about - as mentioned in Wednesday's Swedish Tech News issue - was done through Norrsken VC, which today published a press release (Swedish, machine translation).

>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. Request access.

News from Swedish startups, the tech sector and VCs

  • Klarna insists it didn't "fire" employees but instead got them to quit voluntary, in exchange for a compensation package. According to affected employees that SVT talked to, this description is not accurate: They were locked out from being able to continue working (Swedish, machine translation).
  • How Stockholm-based startup ClimateView, which helps cities transform climate planning into progress, came to be (English / Independent paywall, alternative URL).

Other interesting things from the startup/VC world & beyond

  • German mobile and commission-free broker Trade Republic adds another €250M in Series C extension at €5B valuation (English).
  • Scaling a startup from an Ukrainian bunker: A true founders story (English).
  • It looks like the idea of commercial self driving cars is becoming a real world thing, at least in San Francisco. There, General Motors-owned service Cruise received the green light to start charging fares for its driverless robotaxi service (English).


That's it for today.

Martin Weigert

Martin Weigert

Martin is the founder of Swedish Tech News. Every day he spends many hours gathering and curating the latest from Sweden's startup & tech sector. Contact: