News April 11, 2022: Qred, Bashi, BudID, Stacky's, MOVS, Varannan Vecka, Embracer, Connectd and more
Here is today's curation of news from Sweden's startup and tech sector.
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Financing rounds
- Qred (Stockholm, small business lending platform): €10M ($11M) from existing investor Nordic Capital (English).
- Bashi (Stockholm, online healthcare guide for patients): SEK10M (€1M, $1.1M) from Fredrik Rapp (Swedish, machine translation).
- BudID (Uppsala, service to streamline the process of home purchases): SEK5.5M (€540K, $580K) from Almi Invest and Michael Wolf (English, Swedish).
- Stacky's (Ystad, foodtech brand for flavoured, "smart" vegan food that doesn't try to imitate meat): SEK4M (€400K, $420K) through crowdfunding (Swedish, machine translation).
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News from Swedish startups, the tech sector and VCs
- Stockholm-based MOVS announced the launch of a subscription service for e-scooters - a first in Sweden according to the company (Swedish, machine translation).
- Stockholm-based startup Varannan Vecka launched a subscription-based app for seperated parents (and their children) (Swedish, machine translation).
- The Financial Times profiles the rise of Swedish company Embracer which has become "Europe’s biggest gaming group" (English / FT paywall, alternative URL).
- Connectd, a UK-based community network that connects entrepreneurs and startups with investors and advisors, opened a Stockholm hub (English).
- In an act of rebellion, Norwegian e-scooter operator Ryde has placed its scooters on the streets of Stockholm, without having secured the necessary permission. Technically, it's now the police's resonsibility to remove the scooters (Swedish / DI Digital paywall).
Other interesting things from Sweden
- Swedish train operator SJ purchases 25 high speed trains. At a maximum speed of 250km/h, it'll be the fastest train type being operated in Sweden ever (Swedish, machine translation).
- Ericsson says it will suspend business in Russia indefinitely (English).
- INGKA Holding, IKEA's holding company, plans to invest €340M to acquire seven solar parks under development in Germany and Spain (English).
- The cinema chain Filmstaden wants to stop people from taking their own sweets and snacks to the movies (English).
End Note
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That's it for today.
