News April 22, 2024: Klarna, HyEnGen, Hyggligt, Lucky Loop Medical, Enairon, ZipZip AI, Songfox, Twiik, Duearity, Infrabase, Embracer, Resemolnet, Everdrone, and more

Here are today's news from Sweden's startup and tech sector, exclusively for you as subscriber of Swedish Tech News PRO.

Mergers & acquisitions

  • Klarna is offloading Hero, the UK-based virtual shopping platform it acquired in 2021 for reportedly SEK1.4B, to publicly traded Swedish video commerce outfit Bambuser, for a maximum amount of SEK15M (€1.3M, $1.4M) (English, Swedish / Di Digital paywall).

Funding news

⬜️ publicly traded

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・New Swedish tech startups
・Bankruptcies and shutdowns
  • HyEnGen (Uppsala, developing new electrode technologies for the cost-efficient production of green hydrogen, founded 2023): SEK1M (€86K, $92K) from Uppsala University's UU Invest, co-founder and CEO Oscar Verho tells me. This is the startup's first equity funding and was raised at pre-money valuation of SEK9M. ℹ️ Company details added on December 11, 2023 to the early-stage startup tracker page, and to the "new startups" Google Sheet.
  • Hyggligt (Stockholm, SaaS solution for continuous cover forestry, founded 2023): SEK500K (€43K, $46K) in equity funding from Forest Friends (Swedish). In fall last year, the startup raised its first funding, which also amounted to SEK500K, from Propel Capital. ℹ️ Company details added on September 5, 2023 to the early-stage startup tracker page.
  • Lucky Loop Medical (Stockholm, creator of an unique surgical brush designed for the diagnosis of pancreatic cysts, founded 2022): undisclosed amount in an ongoing first funding round led by ReThink Capital (English). ℹ️ Company details added on January 16 to the early-stage startup tracker page, and to the "new startups" Google Sheet.
  • Update on the €1.76M funding round raised by Saveggy announced last week: The pre-money valuation was SEK53M, up 32.5% from two years ago, according to data just registered with Bolagsverket.

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Unannounced funding

Martin Weigert

Martin Weigert

Martin is the founder of Swedish Tech News. Every day he spends many hours gathering and curating the latest from Sweden's startup & tech sector. Contact: m@swedishtechnews.com
Stockholm