News April 29: 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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Mergers & acquisitions

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).

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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

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.

Martin Weigert

Martin Weigert

Stockholm