News August 8, 2022: Apotekamo, Green-On, Glue 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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Funding news

  • Apotekamo (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, Swedish / DI Digital paywall).
  • Green-On (Gothenburg, maker of sustainable ingredients from CO2 for the food industry): undisclosed amount from AAK and Norrsken Impact Accelerator (English).

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Swedish tech earnings reports

  • Glue (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, machine translation).

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).
  • UK-based, Europe-focused early-stage VC firm Mosaic analysed 197 founding CEOs of European unicorns, to uncover patterns in their backgrounds and previous experience (English).
  • Fred Wilson's learnings about and advice on setting up bridge loans (English).
  • 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, machine translation).


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: