News April 8, 2022: Hoting Innovations, VOI and more

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

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Financing rounds

  • Hoting Innovations, no website (Vingåker, technology to mass produce engineered cellulose as alternative to plastics in packaging): SEK38M (€3.7M, $4M) from Almi Invest as well as Swedish and international private investors (English, Swedish).

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News from Swedish startups, the tech sector and VCs

  • VOI generated SEK920M (€90M, $97M) in revenue in 2021. CEO Fredrik Hjelm says that the company will soon get into the business of selling e-scooters directly to end consumers, too (Swedish, machine translation).

Other interesting things from the startup/VC world & beyond

  • In the span of six days, US-based one-click checkout scaleup Fast has gone from being valued at close to $500M and employing 450 people, to shutting down (English).
  • Lightspeed Venture Partners published its second annual Workplace Re-Entry Report, based on data from 200+ startups, to shed light on the
    “new normal” (English).

Other interesting things from Sweden

  • Sweden sends just 1% of its trash to landfills. Nearly half of it is being recycled, and almost all of the non-recycled waste is burned to generate electricity and heat (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: