News April 20: Boozt, Bright, ChromaWay, Spotify, Plejd and more

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

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Mergers & acquisitions

Funding news

  • Bright (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, Swedish).
  • Fairpoint Capital led a €7.2M ($7.8M) seed round raised by Finnish cloud-native integration service provider ONEiO (English).
  • Volvo Cars Tech Fund participated in a Series D round raised by Israel-based electric vehical battery startup StoreDot (English).

>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. Request access.

News from Swedish startups, the tech sector and VCs

  • ChromaWay, Stockholm-based startup creating blockchain infrastructure, invests €2.1M ($2.3M) in the Dutch investor management platform provider Bloqhouse Technologies (English).
  • Spotify closed down its Greenroom Creator Fund, shifts its live audio strategy away from independent creators (English).

Swedish tech earnings reports

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).
  • Techniques and tactics for SaaS companies to avoid creating useless features (English).

Other interesting things from Sweden


That's it for today.

Martin Weigert

Martin Weigert