News February 23: &Repeat, Saveggy, FLOX, Einride, Surfpay, Lassie, Tobii and more

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.

>>> Receive a daily newsletter with the latest updates from the Swedish startup & tech sector, curated by Martin Weigert. Try it out one month for free, cancel anytime. Subscribe here.  

If you prefer a free weekly newsletter, sign up for Swedish Tech Weekly.

Mergers & acquisitions

  • &Repeat (Stockholm, operator of a deposit system for collecting disposable food packaging) acquires French startup Bare Pack, which is active in the same segment, for SEK20m (€1.9M, $2.1M) (Swedish, machine translation).

Financing rounds

  • Saveggy (Lund, maker of bio-based edible vegan coating for fresh fruits & veggies): SEK8M (€760K, $860K) from Almi Invest Greentech, Smile inject capital and Fåhraeus Startup and Growth Fund (English, Swedish).

News from Swedish startups, the tech sector and VCs

  • KTH spin-off FLOX anounced the delivery of the first ever fully autonomous drone system equipped to repel wildlife from cultivated lands, to its first customer (English).
  • Einride, Gothenburg's intelligent trucking startup, purchases 200 electric trucks from BYD to be deployed in the US using Einride's Saga technology platform (English).
  • Surfboard Payments, Stockholm-based payments startup, has launched Surfpay for selected merchants, an app to turn Android phones into contactless payment terminals via NFC (English, Swedish).
  • Lassie, Stockholm-based digital insurance provider for pet owners, is about to expand into the German market (Swedish, machine translation).
  • A new wave of VR headsets will come with eye tracking features. Anand Srivatsa, CEO of Stockholm-based maker of eye tracking technology Tobii, sees a lot of potential for the technology (English).

Swedish tech earnings reports

Other interesting things from the startup/VC world & beyond

Other interesting things from Sweden

  • Sweden’s population grew by 73,031 people to a grand total of 10,452,326 people in 2021 (English).


That's it for today.

Martin Weigert

Martin Weigert