Here is today's curation of news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.
đź’ˇ
This post has been unlocked and made available for free a month after publication.
Subscribe to Swedish Tech News 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.
Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!
Subscribe to Swedish Tech News 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.
Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!
Funding news
- Baby Journey (Stockholm, app-based guide for pregnancy and new parents): SEK26M (€2.5M, $2.6M) from Länsförsäkringar and and professional ice hockey player Marcus Krüger, at a post-money valuation of SEK325M. The startup, which was founded in 2019, generated an operating profit of SEK2.2M last year (Swedish, machine translation).
- Picsmart (Stockholm, online and delivery platform for local grocery stores): SEK25M (€2.4M, $2.5M) from Artmax as well as existing investors such as Aggregate Media, Pasha Sabouri, Fredrik von Limburg Stirum and the family offices Fazer and Ehrnrooth, at a valuation of SEK175M (Swedish, machine translation).
- The Ode To (Stockholm, online shop for art): SEK6.25M (€580K, $590K) in a funding round led by angel investor Daniel Pilotti, with participation from unspecified new and existing investors (Swedish / DI paywall).
- Ekkono (Varberg, embedded edge machine learning library, purpose-built for IoT): undisclosed amount in a strategic investment from Finnish technology service company Etteplan, which acquires around 20% of the shares (English, Swedish).
>> 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
- 20 year old Swedish entrepreneur Elis Hodzic was recognized on the "Best young entrepreneurs in 2022" list published by fintech Wise (formerly Transferwise). Hodzic is co-founder of HappyLife, Stockholm-based startup that offers seniors non-medical in-home services on demand (Swedish, machine translation).
- Propel Capital, the seed investment unit operated by Sting, closed its 6th fund at SEK30M (€3M, $3M), raised from 35 business angels and Saminvest. The fund will invest in Sweden-based startups within the fields sustaintech, healthtech, deeptech and digital innovation (English, Swedish).
- J12 Ventures has recruited Caroline Hultman as new Stockholm-based early-stage investor (English).
+++
That's it for today.
