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.

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: