News March 1: Resia, wec360°, Build for Europe, Freetrade, Creandum and more

Here is today's curation of news from Sweden's startup and tech sector, as well as some interesting reads.

>>> 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

  • Resia (Gothenburg, travel management company founded in 1974) was acquired by Silicon Valley-based all-in-one travel corporate card and expense management solution TripActions. Financial terms were not disclosed (English, Swedish).
  • Swedish investment firm Summa Equity acquired Belgian transaction data-focused fintech Intix for an undisclosed figure (English).

News from Swedish startups, the tech sector and VCs

  • Swedish VC firm Creandum announced its sixth early-stage fund by raising $500M, which will focus on startups in many fields, among them the creator economy, energy, web3, metaverse, and climate tech (English).
  • wec360°, Örebro-based operator of a 3D visualization platform to digitalize property marketing, says that almost one third of all newly built condominiums that were sold in Sweden last year, used the company's service (Swedish, machine translation).
  • Build for Europe is an initiative launched by the co-founders and CEOs of Kry and VOI, Fredrik Hjelm and Johannes Schildt, as well as Mikael Karlsson of defence and security service provider MW Group, to support startups that are creating technology and solutions to defend democracies (Swedish, machine translation).
  • UK-based commission free trading app Freetrade received approval from the Financial Supervisory Authority to launch in Sweden. The company plans to kick things off with a private beta for which it set up a waitlist (Swedish, machine translation).

Other interesting things from the startup/VC world & beyond

  • Germany-based early- and growth-stage investor CommerzVentures launched its third fund at €300M for financial services and insurance startups (English).
  • "Now, more than ever, is the time to make your business antifragile" (English).

+++

That's it for today.

Martin Weigert

Martin Weigert

Stockholm