News April 13: ftrack, iconik, DanAds, Quandify, Detecht, Sting and more

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

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Mergers & acquisitions

  • ftrack (Stockholm, project management, production tracking and media review platform for the creative industry) and iconik (Stockholm, media management platform) were acquired by US-based media technology holding company Backlight. Financial terms were not disclosed (English, Swedish / Breakit paywall).

Financing news

  • DanAds (Stockholm, provider of self-service advertising technology): €8M ($8.6M) loan facility from the European Investment Bank, to accelerate growth in Europe (English, Swedish / DI Digital paywall).
  • Quandify (Stockholm, intelligent water metering and leakage detection system): SEK7.5M (€730K, $790K) from LK Systems and angel investors Stefan Tengvall and Johan Ekberg (Swedish, machine translation).
  • Detecht (Gothenburg, motorcycle app with automatic crash detection): undisclosed amount from undisclosed new investors and existing investor Chalmers Ventures (Swedish, machine translation).

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News from Swedish startups, the tech sector and VCs

  • Sting has opened the applications for its fall programs Sting Accelerate and Sting Incubate (English).

Other interesting things from Sweden

  • Sweden's population is estimated to increase by almost 900,000 inhabitants by the year 2040, to 11.4 million persons (English).
  • Starting from May 1, companies selling hardware with digital components such as smartphones in Sweden will be required by law to provide continued software updates that are needed for customers to use the product as intended, for a time period of 3 years from the purchase date (Swedish, machine translation).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm