News February 2: Northmill Bank, Cellsolar, Sellpy, Epidemic Sound, Move About and more

Here are today's news from Sweden's startup and tech sector, plus some interesting reads, exclusively for subscribers of Swedish Tech News.

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Mergers & acquisitions

  • Northmill Bank (Stockholm, digital bank) acquires Karlstad-based merchant payments startup MoreFlo, which is being rebranded as Northmill Flo. Financial terms were not disclosed (English, Swedish).
  • Cellsolar (Stockholm, solar installation provider) is being acquired by German cleantech aggregator 1KOMMA5°. Financial terms were not disclosed (English).

News from Swedish startups, the tech sector and VCs

  • Sellpy, Swedish second hand platform owned by H&M, expands into Denmark and Poland (Swedish, no machine translation available).
  • Niklas Brantberg, Chief Of Music at Epidemic Sound, talks in an interview about the Stockholm-based music licensing provider's progress and history, as well as how they work with artists to build up their library (English).
  • Move About, Norwegian-Swedish electric car sharing company, will go public this month at Stockholm's Nasdaq First North Growth Market (Swedish, machine translation).

Other interesting things from the startup/VC world & beyond

  • Berlin-based 468 Capital raises $400M to back European startups (English).
  • In 2021, U.S.-based investors led 14 percent of seed rounds for European startups, 28 percent of early-stage fundings, and 43 percent of late-stage fundings in rounds with a disclosed lead investor (English).

Other interesting things from Sweden

  • 2 anthropologists present various hypotheses for why most Swedes haven't adopted mask wearing during the pandemic (Swedish / The Local paywall, alternative URL).
  • IKEA is making 3D printed vegan meatballs to attract sustainable tech hires (English).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm