News April 29, 2022: ChargeNode, Indivd, Djerf Avenue, Kärnfull Next, Polarium, Fast Travel Games and more
Here is today's curation of news from Sweden's startup and tech sector.
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Subscribe to Swedish Tech News to get access to a daily newsletter that brings you a brief overview of news from the Swedish startup & tech sector, curated by Martin Weigert.
Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!
Mergers & acquisitions
- ChargeNode (Gothenburg, developer of smart EV charging systems) acquires its Enköping-based competitor Opigo. Financial details were not disclosed (Swedish, machine translation).
Funding news
- Indivd (Sundsvall, privacy-respecting facial recognition technology for the retail sector): SEK3.5M (€340K, $350K) from angel investors Errol Koolmeister and Amelie Barnekow Söderberg (English, Swedish).
- Djerf Avenue (Stockholm, D2C brand for sustainable women's fashion): undisclosed amount from Pernilla Nyrensten for 5% of the company (Swedish / DI Digital paywall).
>> 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
- Newly founded Gothenburg-based startup Kärnfull Next wants to change the way nuclear energy gets built, inspired by successful wind power project developers (English).
- Stockholm-based sustainable energy storage startup Polarium is beginning battery production in a new factory established in South Africa together with a partner (English).
- Swedish game studio Fast Travel Games has launched a VR version of its legendary city simulator Cities: Skylines (English). I do not usually mention game releases here, but for this one I make an exception.
- E-commerce in Sweden generated SEK237B (€23M, $24B) in sales in 2021, an increase of 10.1% compared to 2020 (Swedish, machine translation).
Swedish tech earnings reports
- Breakit (Stockholm, online media outlet covering the Swedish startup sector): Swedish, machine translation.
Other interesting things from the startup/VC world & beyond
- The great VC pullback of 2022 - mostly a US phenomenon for now (English).
- How to make your startup company meeting great (English).
Other interesting things from Sweden
- Swedish Prime Minister Magdalena Andersson says that Sweden has failed to integrate the large numbers of immigrants it's taken in over the past two decades (English).
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That's it for today.
