News April 7: PodX, Earthbanc, FLOAT, Milkywire and more

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

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Mergers & acquisitions

  • PodX (Stockholm, newly formed podcast network company for independent audio content producers) sold a majority stake to Stockholm-based entertainment company Pophouse Entertainment. Financial terms were not disclosed (English, Swedish).

Financing rounds

  • Earthbanc (Stockholm, carbon credit and finance platform): $1.5M in a pre-seed round from Regen Network Development, Rampersand VC, Visive Capital, Katalista Ventures, Sting Accelerator, European Space Agency Incubator and Regenerative Ventures Holdings (English).
  • Volvo Cars Technology Fund participated in a CHF32M (€31.5M, $34M) Series B funding round raised by Bcomp, Swiss provider of natural fibre-based sustainable lightweighting solutions (English).

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News from Swedish startups, the tech sector and VCs

  • Stockholm-based startup FLOAT, founded by Cedric Notz and Jannis Koehn, wants to provide SaaS startups and SMEs in the Nordics with fast, easy, founder-friendly, and non-dilutive growth capital. The company exists since 2019, but now momentum seems to be right given the success of fast-growing US SaaS financing provider Pipe (Swedish, machine translation).
  • Milkywire, Nina Siemiatkowski's digital platform for everyone who wants to do something for the planet, is expanding into the English-speaking sphere (Swedish, machine translation).
  • EQT Ventures appointed former startup entrepreneur and Delivery Hero COO Doreen Huber as new Germany-based Partner (English).

Other interesting things from Sweden

  • 📺 Starting from when he was 18 years old, Swedish YouTuber Erik Grankvist has been spending years alone in the Swedish forest, building a traditional off grid log cabin by hand from the materials he found in the wilderness (English).
  • In Solna near Stockholm, Sweden's first Covid19 vaccine factory was inaugurated (Swedish, machine translation).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm