News February 12, 2024: Pagero, Kameo, eComID, Sigmastocks, Virtune, Matspar.se, PocketLaw, Jiroy, Pangea Aerospace, Nordic EdTech Summit 2024, Northe, Klingit, and more
Here are today's news from Sweden's startup and tech sector, exclusively for you as subscriber of Swedish Tech News PRO.
Mergers & acquisitions
- The bidding war for Pagero, which began in December and saw three different companies making acquisition offers, is over: Thomson Reuters announced today in a press release that it now controls 99.45% of the shares and votes in the publicly traded Gothenburg-based global network for automated business transactions. The Canadian buyer paid a maximum of 50kr per share, for 160.2 million shares, and "intends to initiate compulsory redemption of the remaining shares in Pagero and promote a delisting of Pagero's shares from Nasdaq First North Growth Market" (English).
Funding news
⬜️ publicly traded
As subscriber you have access to the exclusive shared Google Sheet which includes all funding rounds, as well as the list of new Swedish tech startups. Updated daily.As subscriber of Swedish Tech News PRO you have access to the exclusive, daily updated Google Sheets which include:
・All funding rounds
・New Swedish tech startups
・Bankruptcies and shutdowns
・All funding rounds
・New Swedish tech startups
・Bankruptcies and shutdowns
- Kameo (Stockholm & Oslo, digital marketplace for crowdfunded loans to property developers, founded 2014): SEK30M ( €2.7M, $2.9M) in a funding round led by Incore Invest, which becomes second biggest shareholder, after ABG Sundal Collier. Kameo was founded in Norway, but Sweden is the company's biggest market, by a wide margin. Kameo cites having increased revenue by 25% to SEK51M in 2023. While the year-end result was still negative, the company says it generated its first positive EBITDA during Q4. Kameo aims for a public listing in Stockholm within three to four years (Swedish / Di Digital paywall).
- eComID (Stockholm, upcoming solution that aims to empower global online retailers to collaboratively reduce product returns, founded 2023): undisclosed amount in pre-seed funding from H&M Group Ventures (English). eComID was founded by former H&M employees. 🆕 More information about this new company on the early-stage startup tracker page, or in the Google Sheet.