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.
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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!
Financing rounds
- Noodl (Malmö, no-code software platform for product designers, innovators and developers): €1.5M ($1.7M) pre-seed round from 42CAP (English).
- Swedish VC firm EQT Ventures led a $10M funding round raised by German fine dining delivered to your door startup voilà (English).
News from Swedish startups, the tech sector and VCs
- Trustly, facilitator of seamless bank payments, is laying off 120 of its 900 employees - most of them at its Stockholm headquarter - after a canceled IPO due to regulatory issues last year. The company also downsizes its growth ambitions, aiming now to become market leader in 10-12 markets instead of 30 (Swedish / DI Digital paywall, Swedish #2, machine translation).
- The future of the metaverse is "a collection of different worlds built on blockchain", writes Filip Martinsson, co-founder and COO of Stockholm-based Web3 development platform Moralis (English).
- 🎧 Isabelle Nyroth, self-taught drone pilot and Head of drones at Stockholm-based drone data platform GLOBHE, shares her learnings and excitement about drones and the drone sector in this podcast interview (English, 45 minutes).
- Bonnier Ventures bought additional stock in Stockholm-based podcast company Acast for SEK150M, increasing its ownership to 12.3% (Swedish, machine translation).
- Swedish search engine operator Eniro generated sales of SEK212M in Q4 2021, which is the same as in Q4 2020, and an operating loss of SEK107M, largly due to a write-off to goodwill (Swedish, machine translation).
- Sleep Cycle, Gothenburg-based maker of a sleep tracking application, also released its financial numbers for Q4 2021 and the full year (Swedish, machine translation).
Other interesting things from the startup/VC world & beyond
- Finland-based iPhone refurbisher Swappie raised a $124M Series C round to scale in Europe (English).
Other interesting things from Sweden
- IKEA says it needs to recruit 700 tech specialists globally (Swedish, machine translation).
- Chinese equipment manufacturer Nuctech, which is blacklisted in the US due to national security concers, won a public tender to supply security screening devices at Stockholm's Arlanda airport (English, Swedish).
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That's it for today.
