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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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).


That's it for today.

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: