News August 16: Hygglo, Emulate Energy, Norrsken Impact100, Learning to Sleep, Charge Amps, Pernilla Nyrensten and more

Here is today's curation of news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.

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Mergers & acquisitions

  • Hygglo (Stockholm, online rental marketplace) acquired UK-based competitor Fat Llama for $41.5M (English, Swedish). The deal will create one of the largest peer-to-peer rental platforms in the world. Sifted has the story on how the acquisition came to be. It started in January with a call from Hygglo cofounder and CEO, Ola Degerfors, to Fat Llama co-founder Chaz Englander (English).

Funding news

  • Emulate Energy (Lund & Boston, virtual battery platform for electricity retailers): SEK22M (€2.1M, $2.1M) from AxSol, Skellefteå Kraft and Utvecklingsklustret (English).

>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. Request access.

News from Swedish startups, the tech sector and VCs

  • Almi Invest ranks #6 in Pitchbook's list of the most active European investors in domestic deals since 2018 to H1 2022 by deal count (English).
  • Stina Andersson, CEO of Swedish media giant Bonnier Group, is stepping down over internal differences about the future strategy of the group's venture investment activities (Swedish, machine translation).
  • 🎧 Podcast interview with Samir El-Sabini, co-founder and CEO of rapidly growing and scaling banking platform for e-commerce Juni (Swedish, 73 minutes).

Other interesting things from the startup/VC world & beyond

  • Infamous WeWork founder Adam Neumann securing $350M from A16z for its stealthy upcoming real estate startup Flow is raising some eyebrows (English).
  • Polestar’s O2 concept will become the Polestar 6 electric roadster, due out 2026 (English).
  • H&M returns to Alibaba's Tmall, 16 months after Xinjiang controversy (English).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm