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# News April 12, 2022: Quinyx, Material Exchange, Charge Amps, Zevoy, John Henric, Hive Streaming, Palats, The Train Brain, Spotify and more
- URL: https://www.swedishtechnews.com/news-april-12-2022/
- Published: 2022-04-12T14:56:29.000Z
- Updated: 2023-07-25T07:10:46.000Z
- Description: Here is today's curation of news from Sweden's startup and tech sector, as well as some interesting reads, exclusively for subscribers of Swedish Tech News.
- Author: Martin Weigert
- Tags: Daily (PRO), quinyx, Material Exchange, Charge Amps, zevoy, john henric, Hive Streaming, the train brain, Acast, skolon, palats, molten ventures, Partech, Inventure, Norrsken VC, lyra, day one capital, Concejo, lmk, Quinary Investment, ok ekonomisk förening, skellefteå kraft, swedbank robur, blossom capital, Maki.vc, Brightly Ventures, eEquity, Verdane, Chalmers Ventures, länsförsäkringar, Creandum

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

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**Mergers & acquisitions**

- [Quinyx](https://www.quinyx.com/) (Stockholm, provider of workforce management solutions) acquired UK-based employee engagement, store operations and task management platform [Concrete](https://concreteplatform.com/). According to DI Digital, Quinyx paid around SEK300M (€29M, $32M) in cash and equity ([English](https://siliconcanals.com/news/quinyx-acquires-concrete/), [Swedish](https://www.di.se/digital/svenska-mjukvarubolaget-gor-brittiskt-forvarv-betalar-300-miljoner/) / *DI Digital paywall*, [Swedish #2](https://www.breakit.se/artikel/32660/quinyx-tar-nya-steg-forvarvar-brittisk-pusselbit))

**Financing rounds**

- [Material Exchange](https://material-exchange.com) (Stockholm, digital marketplace for sourcing materials and components for footwear and apparel): €25M ($27M) in a Series A round led by Molten Ventures, with previous seed investors including Partech, Inventure, Norrsken, Lyra and Day One Capital all participating ([English](https://tech.eu/2022/04/12/material-exchange-plants-eur25-million-underfoot/)).
- [Charge Amps](https://chargeamps.com/) (Stockholm, manufacturer of smart charging solutions for electric vehicles): SEK150M (€14.5M, $15.8M) from new investors Concejo, LMK and Quinary Investment, as well as from existing investors OK ekonomisk förening, Skellefteå Kraft and Swedbank Robur ([English](https://tech.eu/2022/04/12/supercharged-with-eur1456-million-swedish-ev-charging-firm-looks-to-grow-european-presence-ahead-of-its-ipo-this-year/), [Swedish](https://www.breakit.se/artikel/32664/charge-amps-fyller-kassan-med-150-miljoner-infor-planerad-notering)).
- [Zevoy](https://zevoy.com/) (Finnish-Swedish all-in-one expense management solution): SEK150M (€14.5M, $15.8M) in a Series A round led by Blossom Capital, with participation from existing investors Maki.vc and Brightly Ventures ([English](https://www.eu-startups.com/2022/04/finnish-fintech-startup-zevoy-raises-e15-million-and-plans-european-roll-out-of-its-expense-management-tool/), [Swedish](https://www.di.se/digital/utmanar-pleo-ska-bli-neobank-pa-sikt/) / *DI Digital paywall*).
- [John Henric](https://johnhenric.com/se/) (Malmö, direct-to-consumer men's fashion brand): SEK70M (€6.8M, $7.4M) from eEquity ([English](https://www.eequity.se/eequity-invests-sek-70-million-in-the-fast-growing-fashion-brand-john-henric-with-the-intention-of-accelerating-global-growth/), [Swedish](https://www.breakit.se/artikel/32663/svenska-modeutmanaren-plockar-in-70-miljoner-fran-eequity)).
- [Hive Streaming](https://www.hivestreaming.com/) (Stockholm, employee engagement video streaming solution): SEK25M (€2.4M, $2.6M) from existing investor Verdane ([Swedish](https://www.breakit.se/artikel/32657/hive-fyller-kassan-for-att-fortsatta-rusa-vi-lyckades-halla-i-tillvaxttakten) / *Breakit paywall*).
- [Palats](https://www.palats.app/) (Gothenburg, digital platform for circular material- & inventory management): SEK4.4M (€430K, $460K) from Länsförsäkringar Göteborg och Bohuslän, previous investor Chalmers Ventures, and angel investor Adam Nilsson ([Swedish](https://www.mynewsdesk.com/se/chalmers-ventures/pressreleases/palats-tar-in-44-msek-i-sin-resa-mot-att-goera-bygg-och-fastighetsbranschen-cirkulaer-3175369), [machine translation](https://www-mynewsdesk-com.translate.goog/se/chalmers-ventures/pressreleases/palats-tar-in-44-msek-i-sin-resa-mot-att-goera-bygg-och-fastighetsbranschen-cirkulaer-3175369?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- Creandum co-led a $9M seed round raised by German supply chain API platform [Procuros](https://procuros.io/) ([English](https://tech.eu/2022/04/12/supply-chain-api-platform-procuros-procures-9-million-of-its-own/)).

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**News from Swedish startups, the tech sector and VCs**

- [The Train Brain](https://www.thetrainbrain.com/), Stockholm-based startup building AI-models for safe and reliable trains and buses, launched "Railbot the Chatbot" on Facebook Messenger - a bot which promises to provide train passengers with more accurate information about delays and expected arrivals ([Swedish](https://www.dagensinfrastruktur.se/2022/04/11/ai-kan-minska-tagforseningar-ny-svensk-uppfinning/), [machine translation](https://www-dagensinfrastruktur-se.translate.goog/2022/04/11/ai-kan-minska-tagforseningar-ny-svensk-uppfinning/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- As rumored previously, [Spotify](http://www.spotify.com) starts to integrate the live audio capabilities from its companion app, Spotify Greenroom, within the main Spotify streaming app. Greenroom rebrands as “Spotify Live" ([English](https://techcrunch.com/2022/04/12/spotify-brings-live-audio-shows-to-its-main-app-rebrands-companion-app-greenroom-as-spotify-live/)).
- Stockholm-based podcast company [Acast](http://www.acast.com) is under fire for sending spam to attract new podcasters to its platform ([English](https://podnews.net/update/shameless-ripoff), *scroll down a bit*)
- Karlshamn-based [Skolon](https://skolon.com/), a platform for schools to access digital educational tools, plans a public listing at Nasdaq's First North Growth Market during Q2 2022 ([Swedish](https://www.breakit.se/artikel/32651/skolon-genomfor-en-nyintroduktion-pa-first-north-i-andra-kvartalet), [machine translation](https://www-breakit-se.translate.goog/artikel/32651/skolon-genomfor-en-nyintroduktion-pa-first-north-i-andra-kvartalet?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

**Other interesting things from the startup/VC world & beyond**

- European venture investment maintained momentum in Q1 2022 ([English](https://news.crunchbase.com/news/europe-vc-funding-q1-2022-monthly-recap/)).
- An angel investor's lessons learned from having invested in failed scaleup Fast ([English](https://twitter.com/brianrumao/status/1513725731985010688), *Twitter thread*).
- How to get a VC's attention at an IRL event ([English](https://www.thisisgoingtobebig.com/blog/2022/4/11/how-to-get-a-vcs-attention-at-an-irl-event)).

+++

That's it for today.‌

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Martin‌