News April 4, 2022: Vembla, dingdong, Go North, Qoitech, Planhat, Budbee, Vourity, Ligna Energy, Binance and more

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

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Mergers and acquisitions

  • Vembla (Stockholm, instant grocery home delivery) acquires selected assets such as the customer database and the dark stores of Stockholm-based competitor dingdong in an equity deal. The price was not disclosed. Just "a few" of dingdong's around 10 employees will join Vembla (Swedish / DI Digital paywall, Swedish #2, machine translation).

Financing rounds

  • Go North (Gothenburg, e-commerce aggregator aiming to acquire and scale brands on Amazon and beyond): SEK77.5M (€7.5M, $8.3M) in a seed round led by eEquity, with participation from angel investors Alexander Hars, Ludwig Mattsson, Victor Hielte, Caroline Ingeborn, Peter Lindholm, Lena Apler, Magnus Emilson, William & Kim Olsson, Gustav Eriksson, Sujay Tyle, and Karin Hallin (English, Swedish).
  • Qoitech (Lund, hardware and software solutions for design of energy-efficient products): SEK5M (€480K, $530K) in a funding round led by Nudging Capital, with participation from Deeptech Seed Fund, and Curitas Ventures (English, Swedish).
  • Creandum participated in a €15M seed funding round raised by German fintech, which offers an API for stock trading (English).

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News from Swedish startups, the tech sector and VCs

  • Kaveh Rostampor and Niklas Skog, founders of Stockholm-based customer success platform Planhat, bootstrapped their startup to more than 100 employees. Now they do consider raising external funds to grow even faster (English / Sifted paywall, alternative URL).
  • Budbee signed a major contract with Dutch supermarket chain Albert Heijn and e-commerce company to create the largest network of smart package lockers in the Benelux countries (Swedish, machine translation).
  • Swedish companies Vourity and Ligna Energy have been named among the world’s top 15 most innovative companies within the field of IoT in the 2022 IoT Innovation World Cup (English).
  • Orderhero is postponing its planned public listing until the startup has fixed the tax compliance issues that recently surfaced surrounding one of the startup's products (Swedish, machine translation).
  • The global crypto exchange Binance, which already is available to customers in Sweden, is expanding formally into the Swedish market by applying for a registration as "financial institution" with Sweden's Financial Supervisory Authority (Swedish / DI Digital paywall, Swedish #2, machine translation).
  • Klarna has completed the acquisition of PriceRunner (English, Swedish).

Other interesting things from the startup/VC world & beyond

Other interesting things from Sweden

  • New care sales in Sweden during March 2022 dropped by 40% compared to March 2021. 56% of cars sold were EVs (Swedish, machine translation).
  • Swedish EV maker Polestar received an order for delivery of up to 69,000 EVs from car rental company Hertz (English).
  • Starting from later this month, Stockholm residents will be able to use a large fleet of station-based, public shared e-bikes. These will compete with commercial shared mobility operators, although offered at a much lower price for riders. Here are details (Swedish, machine translation).


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: