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.
