News February 28, 2022: Mycorena, Xertified, Diplocs, Heja, Tioex, Rocker, Sellpy, X Shore, Klarna, Tibber 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.

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Financing rounds

  • Mycorena (Gothenburg, creator of fungi-based vegan protein): €24M ($27M) in a Series A round from undisclosed new and existing investors (English, Swedish).
  • Xertified (Uppsala, security solutions for a safer IoT): SEK40M (€3.7M, $4.2M) from MW Group, Combient and Volvo's CEO and previous investor Martin Lundstedt (English, Swedish).
  • Diplocs (Stockholm, self-checkout solution for physical retail): SEK2.3M (€220K, $240K) from Odd Bolin, Nils-Olof Ekelöw and other unnamed angel investors (English, Swedish).

News from Swedish startups, the tech sector and VCs

  • Heja, Stockholm-based communication platform for sports teams, gives a status update on its ongoing expansion into the US market (Swedish, machine translation).
  • Tioex, Stockholm-based platform for investing in private tech companies, is adding Einride to its roster of companies for which it enables the purchase of secondary shares (Swedish, machine translation).
  • Klarna accumulated a loss of SEK5.7B (€530M, $600M) during the second half of 2021, compared to SEK824M during the same period of 2020 (Swedish, machine translation).
  • Tibber, Swedish/Norwegian technology startup offering a solution to reduce household electricity consumption, grew its customer count from 120,000 to 400,000 last year, and total sales from SEK320M to SEK2.95B (around €280M, $300M) largely due to the spiraling energy prices (Swedish, machine translation).
  • Stockholm-based neobank Rocker announced it launched the first biometric payment card in Sweden (English).
  • Sellpy, Swedish second hand platform owned by H&M, launched a mobile app for iOS and Android (English).
  • Interview with Jenny Keisu, CEO of X Shore, Stockholm-based startup building all-electric boats (Swedish, machine translation).
  • Spotify ranks #3 in a new ranking about the United States' most relevant brands of 2022, behind Apple and Peloton (English).

Other interesting things from the startup/VC world & beyond

  • European early stage fund Seedcamp published the results of its founder compensation survey, providing a data-driven deep dive into founder salary and equity, from Pre Seed to Series A in Europe and the US (English).
  • Finnish VC Vendep Capital had its final closure landing in €70M to invest in about 20 early-stage SaaS startups from the Nordics and Baltics (English).
  • Hockey stick growth is deceptive: It’s almost impossible to know you’re on one until you’re already leaving the stratosphere (English).
  • A list of 130+ women CTOs in Europe (English / Sifted soft paywall, alternative URL).

Other interesting things from Sweden

  • How IKEA tricks customers into buying more stuff (English).


That's it for today.

Martin Weigert

Martin Weigert

Martin is the founder of Swedish Tech News. Every day he spends many hours gathering and curating the latest from Sweden's startup & tech sector. Contact: