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# News August 26, 2022: Simpel Transport, Renewcell, ABC Labs, Storytel and more
- URL: https://www.swedishtechnews.com/news-august-26-2022/
- Published: 2022-08-26T15:00:07.000Z
- Updated: 2023-08-16T05:39:07.000Z
- Description: Here is today's curation of news from Sweden's startup and tech sector, as well as some interesting reads, exclusively for subscribers of Swedish Tech News.
- Author: Martin Weigert
- Tags: Daily (PRO), Renewcell, ABC Labs, storytel, johannes larcher, Simpel Transport

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

💡

This post has been unlocked and made available for free a month after publication.   
  
[Subscribe to Swedish Tech News](https://www.swedishtechnews.com/#/portal/signup) to get access to a **daily newsletter** that brings you a brief overview of news from the Swedish startup & tech sector, curated by [Martin Weigert](http://www.twitter.com/martinweigert).  
  
Or, if you prefer a **free weekly newsletter**, [subscribe to Swedish Tech Weekly](https://swedishtechweekly.com/)!

### Funding news

- [Simpel Transport](https://www.simpeltransport.se/) (Stockholm, matching solution for the transportation sector to utilize unused load capacity): undisclosed amount from angel investors Viktor Bernsdorff, Jonas Bertilsson and Karsten Inde. The company, which has 8 employees and already reached profitability according to co-founder Patric Olsson, plans to raise a larger funding round in late 2022/early 2023, for the domestic and European expansion ([Swedish](https://www.breakit.se/artikel/34123/simpel-vaxer-topprekryterar-och-tar-in-nya-strategiska-agare-visste-att-det-skulle-ga-jattebra), [machine translation](https://www-breakit-se.translate.goog/artikel/34123/simpel-vaxer-topprekryterar-och-tar-in-nya-strategiska-agare-visste-att-det-skulle-ga-jattebra?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

### News from Swedish startups, the tech sector and VCs

- [Renewcell](https://www.renewcell.com/)'s new flagship factory in Sundsvall - billed as the world’s first commercial scale 100 per cent textile-to-textile recycling plant - is now up and running ([English](https://www.ecotextile.com/2022082629769/materials-production-news/renewcell-flagship-factory-up-and-running.html)).
- [ABC Labs](https://abclabs.se/), Stockholm-based provider of large-scale automated disease testing, generated a sizeable profit of SEK840M (€80M, $80M) in 2021, at a revenue of SEK1.2B, largely thanks to a contract for Covid testing from the Swedish Health Agency ([Swedish](https://www.di.se/digital/entreprenorerna-tjanade-storkovan-pa-covid-19/) / *DI Digital paywall*, [Swedish #2](https://www.breakit.se/artikel/34124/de-cashar-ut-pa-coronatest-spracker-miljardvallen-och-delar-ut-storvinster-till-agarna), no machine translation available).
- Johannes Larcher is new CEO of Stockholm-based audiobook and ebook subscription service [Storytel](https://www.storytel.com) ([English](https://news.cision.com/storytel/r/storytel-appoints-johannes-larcher-as-new-ceo-and-announces-proposed-changes-to-the-board-of-directo,c3620641)).

### Other interesting things from the startup/VC world & beyond

- Klarna's publicly listed US rival [Affirm](https://www.affirm.com/) has spooked investors with a weaker-than-expected outlook ([English](https://www.protocol.com/bulletins/affirm-earnings-outlook)).
- After YouTube, now Twitter is getting into podcasts ([English](https://www.theverge.com/2022/8/25/23321940/twitter-podcast-spaces-spotify-apple)).
- What founders need to know about "data rooms", including what data investors are hoping to see, the documents that aren't needed, and red flags to look out for ([English](https://future.com/insiders-guide-to-data-rooms-fundraising/)).
- "Standard Conversion" is a useful framework which founders can apply to almost any challenge ([English](https://www.sneakerheadvc.com/p/i-just-learned-the-standard-conversion)).

+++

That's it for today.