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# News April 21, 2022: Instabox, Planhat, Residus, CAKE, Kinnevik and more
- URL: https://www.swedishtechnews.com/news-april-21-2022/
- Published: 2022-04-21T15:00:00.000Z
- Updated: 2023-07-21T11:31:20.000Z
- 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), instabox, planhat, residus, cake, Kinnevik, Verdane, Creades, EQT Ventures, Sprints Capital, VNV Global

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

💡

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**Funding news**

- [Instabox](https://instabox.io) (Stockholm, last-mile delivery and smart locker provider): $190M in a funding round led by Verdane, with participation from existing investors such as Creades and EQT Ventures as well as undisclosed new investors, at a valuation of $1B ([English](https://sifted.eu/articles/parcel-locker-delivery-instabox/) / *Sifted soft paywall,* [alternative URL](https://archive.ph/FV0vO), [Swedish](https://www.techarenan.news/2022/04/21/instabox-unicorn-retur-last-mile-vardering-1-miljard-dollar-2022/)*).*
- [Planhat](https://www.planhat.com/) (Stockholm, customer success platform): $50M in a Series A funding round from Sprints Capital, at a valuation of reportedly €490M ([English](https://sifted.eu/articles/planhat-bootstrapped-50m-sprints-capital/) / *Sifted soft paywall*, [alternative URL](https://archive.ph/hOjse), [Swedish](https://www.di.se/digital/svenska-doldisen-fyller-kassan-med-472-miljoner/)).
- [Residus](https://residusofficial.com/) (Stockholm, women's fashion brand providing transparent supply chain information): SEK2.65M (€260K, $280K) from angel investors Paul Fischbein, Magnus Dimert, Daniel Redgert, Andreas Källström and Mikael Janerås ([English](https://nordic9.com/news/residus-in-a-sek-27-million-equity-round-raised-from-angel-investors-from-sweden/), [Swedish](https://www.breakit.se/artikel/32743/techprofiler-kliver-in-i-residus-vill-minska-klimatpaverkan-i-modebranschen)).
- Kinnevik led a $35M Series B round raised by Norwegian startup [SafetyWing](https://safetywing.com/), provider of health insurance solutions for digital nomads and the remote workforce. Previous investor Creandum participated as well ([English](https://techfundingnews.com/safetywing-the-startup-offering-remote-workers-with-insurance-bags-35m/)).
- VNV Global led a €3M funding round raised by Dutch outdoor stays platform [Campspace](https://campspace.com/) ([English](https://tech.eu/2022/04/21/dutch-outdoor-stays-platform-campspace-camps-in-eur3-million-for-european-sojourn/)).

\>> 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**

- Stockholm-based electric motorcycle manufacturer [CAKE](https://ridecake.com) launches 3 new bikes for young riders ([English](https://electrek.co/2022/04/20/swedish-electric-motorcycle-maker-cake-launches-three-new-bikes-for-young-riders/)).

**Swedish tech earnings reports**

- [Kinnevik](https://www.kinnevik.com/) (investment company, Stockholm): [English](https://www.kinnevik.com/newsroom/press-releases/2022/4/kinneviks-interim-report-1-january-31-march-2022).

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

- €1.2B were invested in Finnish startups in 2021, which marks a new record ([English](https://paaomasijoittajat.fi/en/finnish-startups-smashed-investment-record/)).
- "When you see a bubble, you're often seeing *the swarm* in action. The cumulative efforts of countless swarms are responsible for human progress, even if those swarms can look bubbly and choppy in the moment." ([English](https://www.notboring.co/p/the-invisible-hands-visible-swarm)).

**Other interesting things from Sweden**

- When one can talk to strangers in Sweden without annoying them ([English](https://www.thelocal.se/20220420/when-can-you-talk-to-a-stranger-in-sweden-without-annoying-them/) / *The Local paywall*, [alternative URL](https://archive.ph/THzOK)).
- Stockholm is Europe's 2nd most competitive capital city, after Oslo, according to a study from the Stockholm Chamber of Commerce. Housing is the city's major pain point ([Swedish](https://www.dn.se/sverige/stockholm-europas-nast-basta-huvudstad/), [machine translation](https://www-dn-se.translate.goog/sverige/stockholm-europas-nast-basta-huvudstad/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- Sweden's economy is only 3.4% "circular", less than the global average ([English](https://resource-sip.se/circularity-gap-report-sweden-en/), [Swedish](https://www.svd.se/a/7dOOK8/bottenbetyg-for-sveriges-cirkulara-ekonomi)).

+++

That's it for today.