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# News April 20, 2022: Boozt, Bright, ChromaWay, Spotify, Plejd and more
- URL: https://www.swedishtechnews.com/news-april-20-2022/
- Published: 2022-04-20T15:04:43.000Z
- Updated: 2025-01-23T15:25:09.000Z
- 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), Boozt, Memmo (formerly Bright), ChromaWay, Spotify, plejd, byWiT, Utvecklingsklustret Energi, montel, Fairpoint Capital, Volvo Cars Tech Fund

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

💡

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**Mergers & acquisitions**

- [Boozt](https://www.boozt.com) (Malmö, online fashion retailer) acquires 30% of Danish live shopping solutions provider [Liveshopper](https://liveshopper.net/), for an unspecified 8-digit SEK amount ([Swedish](https://www.ehandel.se/boozt-i-ny-mangmiljonsatsning-koper-30-procent-av-plattformen), [machine translation](https://www-ehandel-se.translate.goog/boozt-i-ny-mangmiljonsatsning-koper-30-procent-av-plattformen?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

**Funding news**

- [Bright](https://www.getbright.se/) (Stockholm, digital platform for the energy sector): SEK40M (€3.9M, $4.2M) in a funding round led by By WIT, with participation from Utvecklingsklustret Energi and Montel. ([English](https://nordic9.com/news/bright-energy-to-raise-sek-40-million-in-a-round-led-by-by-wit/), [Swedish](https://www.di.se/digital/sparar-el-at-elbolagens-kunder-vaxer-av-bananas-elpriser/)).
- Fairpoint Capital led a €7.2M ($7.8M) seed round raised by Finnish cloud-native integration service provider [ONEiO](https://www.oneio.cloud/) ([English](https://techfundingnews.com/this-finnish-startup-behind-integration-automation-platform-for-enterprises-secures-e7-2m/)).
- Volvo Cars Tech Fund participated in a Series D round raised by Israel-based electric vehical battery startup [StoreDot](https://www.store-dot.com/) ([English](https://electrek.co/2022/04/19/volvo-cars-invests-in-ultrafast-battery-maker-storedot/)).

\>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. [Request access](https://docs.google.com/spreadsheets/d/1a4JfphPOita15GMQBONzOHQwtkClDHubEkMkpF1b8eM/edit?usp=sharing).

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

- [ChromaWay](https://chromaway.com/), Stockholm-based startup creating blockchain infrastructure, invests €2.1M ($2.3M) in the Dutch investor management platform provider [Bloqhouse Technologies](https://bloqhouse.com/) ([English](https://blog.chromaway.com/chromaway-invests-eu2-1-million-in-bloqhouse-technologies/)).
- [Spotify](http://www.spotify.com) closed down its Greenroom Creator Fund, shifts its live audio strategy away from independent creators ([English](https://techcrunch.com/2022/04/19/spotify-closed-down-its-greenroom-creator-fund-with-shift-in-live-audio-strategy/)).

**Swedish tech earnings reports**

- [Plejd](https://www.plejd.com/) (Gothenburg, smart connected lighting solutions): [Swedish](https://news.cision.com/se/plejd/r/stark-tillvaxt-och-76--hogre-rorelseresultat,c3548399), [machine translation](https://news-cision-com.translate.goog/se/plejd/r/stark-tillvaxt-och-76--hogre-rorelseresultat,c3548399?%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**

- If a tech mafia is the outcome of a high concentration of talent then the input is a successful talent vortex ([English](https://investing1012dot0.substack.com/p/talent-vortex)).
- Techniques and tactics for SaaS companies to avoid creating useless features ([English](https://staysaasy.com/product/2022/04/16/battlefield-product-management-dont-build-useless-features.html)).

**Other interesting things from Sweden**

- Sweden’s former state epidemiologist Anders Tegnell is being rejected for WHO job ([English](https://www.thelocal.se/20220420/swedens-former-state-epidemiologist-turned-down-for-who-job/) / *The Local paywall*, [alternative URL](https://www-thelocal-se.translate.goog/20220420/swedens-former-state-epidemiologist-turned-down-for-who-job/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp), [Swedish](https://www.dagensps.se/life-science/anders-tegnell-far-nobben-av-who-blir-inget-toppjobb/)).

+++

That's it for today.