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# News August 8, 2022: Apotekamo, Green-On, Glue and more
- URL: https://www.swedishtechnews.com/news-august-8-2022/
- Published: 2022-08-08T15:00:30.000Z
- Updated: 2023-08-16T05:53:44.000Z
- 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), green-on, glue, apotekamo, EPTI, angelgate, Aak, Norrsken Accelerator

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.   
  
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### Funding news

- [Apotekamo](https://apotekamo.com/) (Stockholm, operator of an online pharmaceutical marketplace targeting the Central and Eastern European markets): €2.5M ($2.5M) in a funding round led by existing investors Epti and Angelgate, with participation from Bosnian football star Hasan Salihamidžić, at a pre-money valuation of €14.6M ([English](https://techfundingnews.com/footballer-hasan-salihamidzic-invests-in-apotekamos-e2-5m-round/), [Swedish](https://www.di.se/digital/elon-musk-vill-fullfolja-twitterkop-pa-ett-villkor/) / *DI Digital paywall*).
- [Green-On](https://www.green-on.se/) (Gothenburg, maker of sustainable ingredients from CO2 for the food industry): undisclosed amount from AAK and Norrsken Impact Accelerator ([English](https://www.foodnavigator.com/Article/2022/08/05/Creating-fat-from-thin-air-Start-up-hopes-to-bring-tropical-fat-replacement-made-using-carbon-dioxide-and-electricity-to-market-in-2024)).

\>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. [Request access](https://docs.google.com/spreadsheets/d/1a4JfphPOita15GMQBONzOHQwtkClDHubEkMkpF1b8eM/edit?usp=sharing). 

### Swedish tech earnings reports

- [Glue](https://www.gluehome.com/) (Stockholm, smart lock maker) experienced a massive revenue drop in 2021 to SEK2.9M (€280K, $280K), down from SEK10.7M in 2020, while generating a loss of SEK40.8M, compared to SEK36M in 2020\. To date, the company has raised SEK74M in funding ([Swedish](https://www.breakit.se/artikel/33901/mer-gnissel-for-de-smarta-laset-glue-fortsatter-bloda-pengar), [machine translation](https://www-breakit-se.translate.goog/artikel/33901/mer-gnissel-for-de-smarta-laset-glue-fortsatter-bloda-pengar?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

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

- SoftBank Group reported a quarterly loss of over $23B, and founder and CEO Masayoshi Son is worried that the funding winter for startups may continue for longer ([English](https://techcrunch.com/2022/08/08/softbank-cautions-startup-winter-may-last-longer-if-unicorn-founders-dont-accept-lower-valuations/)).
- UK-based, Europe-focused early-stage VC firm [Mosaic](https://www.mosaicventures.com/) analysed 197 founding CEOs of European unicorns, to uncover patterns in their backgrounds and previous experience ([English](https://www.mosaicventures.com/patterns/europes-leading-founders-common)).
- Fred Wilson's learnings about and advice on setting up bridge loans ([English](https://avc.com/2022/08/bridge-loans/)).

### Other interesting things related to Sweden

- Swedish alcohol monopoly Systembolaget is adjusting its prices twice a year. In March, the average increase was 1.4%. And now in September, prices will be increase by on average 1.9% ([Swedish](https://www.aftonbladet.se/nyheter/a/9KyqWq/systembolaget-laddar-for-prishojningar), [machine translation](https://www-aftonbladet-se.translate.goog/nyheter/a/9KyqWq/systembolaget-laddar-for-prishojningar?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

+++

That's it for today.