News April 26: Venture Design, Internetstiftelsen, Gimi, Parakey, Humla, Ryde and more

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

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Funding news

  • Venture Design (Växjö, online B2B2C furniture sales provider): SEK100M (€9.6M, $10.3M) from eEquity (English).

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News from Swedish startups, the tech sector and VCs

  • The Swedish Internet Foundation (Internetstiftelsen), the organization responsible for the .se top-level domain, invested an undisclosed amount in Norwegian startup iQ, provider of business intelligence & abuse monitoring SaaS platforms (Swedish, machine translation).
  • Gimi, Stockholm-based maker of a savings and spending app for children, released a co-branded app with Dutch major bank ABN AMRO (English).
  • Parakey, Gothenburg-based provider of digital key solutions, announced the milestone of 250,000 users of its product (English).
  • Humla is a new fintech founded by Swedish company group Axel Johnson, aiming to "build the next generation of financial services and loyalty products". It's the first customer of the new banking-as-a-service (BaaS) platform developed by SEBx (English).
  • Ryde, the Norwegian e-scooter provider which placed its vehicles on the roads of Stockholm without permit, will have to remove them until tomorrow, Wednesday. The police says that it'll confiscate the scooters otherwise (Swedish, machine translation).

Swedish tech earnings reports

Other interesting things from the startup/VC world & beyond

  • New York-based Left Lane Capital, which last year made an investment in Swedish startup memmo.me, closes a $1.4B fund to invest in global consumer tech (English).
  • The venture “crunch” right now is everywhere except in seed (English).

Other interesting things from Sweden

  • The Swedish police is using facial recognition technology to identify people involved in riots that occured during the Easter holidays (Swedish, machine translation).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm