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# News February 3, 2022: Yabie, Annotell, Billhop, Fundler, House:ID, Duearity, Trade Republic and more
- URL: https://www.swedishtechnews.com/news-february-3-2022/
- Published: 2022-02-03T16:00:00.000Z
- Updated: 2023-08-11T14:51:49.000Z
- Description: Here are the latest news from Sweden's startup and tech sector, plus some interesting reads and news.
- Author: Martin Weigert
- Tags: Daily (PRO), yabie, annotell, Billhop, fundler, house:id, trade republic, Duearity, Kry, Spotify, Acast, NordicNinja, metaplanet, EQT Ventures, Element Ventures, JNE Invest, svea bank

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**

- [Yabie](https://www.yabie.com/) (Stockholm, flexible and mobile POS & payment platform) acquired Karlstad-based competitor [Cash IT](https://www.cash-it.se/). Financial terms were not disclosed ([Swedish](https://www.breakit.se/artikel/31757/vad-hander-karlstad-tva-fintechbolag-salda-pa-samma-dag), [machine translation](https://www-breakit-se.translate.goog/artikel/31757/vad-hander-karlstad-tva-fintechbolag-salda-pa-samma-dag?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=sv&%5Fx%5Ftr%5Fpto=wapp)).

**Financing rounds**

- [Annotell](https://www.annotell.com/) (Gothenburg, productivity platform for developing safe perception systems for autonomous mobility): $24M in a Series A round co-led by Metaplanet and NordicNinja, with participation from existing investors ([English](https://techcrunch.com/2022/02/02/annotell-raises-24m-for-tech-that-tests-autonomous-vehicle-perception-systems-to-improve-how-they-work/), [Swedish](https://www.nyteknik.se/fordon/de-tranar-upp-sjalvkorande-teknik-sakrar-investering-pa-220-miljoner-7028170)).
- [Billhop](https://billhop.com) (Stockholm, b2b payment platform enabling card-based bill payments): €10.5M ($12M) in a funding round led by EQT Ventures, with participation from Element Ventures ([English](https://tech.eu/brief/swedens-b2b-payments-startup-billhop-ropes-in-e10-5-million-led-by-eqt-ventures/), [Swedish](https://www.di.se/digital/betalar-fakturor-med-kreditkort-far-eqt-ventures-som-delagare/)).
- [Fundler](https://fundler.se/) (Stockholm, mobile robo-advisor): SEK60M (€6M, $6.5M) from Svea Bank and existing investors such as JNE Invest ([English](https://nordic9.com/news/fundler-to-raise-sek-60-million-from-jne-invest-and-svea-bank/), [Swedish](https://www.di.se/digital/bank-investerar-nar-robotradgivaren-fyller-kassan/)).
- [House:ID](https://houseid.se/) (Malmö, digital homeowner app): SEK6M (€600K, $650K) from undisclosed investors ([Swedish](https://www.svenskfastighetsutveckling.se/2022/02/01/app-succen-houseid-vaxer/), [machine translation](https://www-svenskfastighetsutveckling-se.translate.goog/2022/02/01/app-succen-houseid-vaxer/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=sv&%5Fx%5Ftr%5Fpto=wapp)).

**News from the Swedish tech sector, startups and VCs**

- German neobroker [Trade Republic](https://traderepublic.com) plans to open a tech hub in central Stockholm, without even being active on the Swedish market yet. The primary goal, for now, is to find great "senior talent", although a future launch in Sweden isn't being ruled out ([Swedish](https://www.di.se/digital/creandums-tyska-avanza-utmanare-storsatsar-i-sverige/) / *DI Digital paywall*).
- Malmö-based medtech startup [Duearity](https://www.duearity.com/) is gearing up for the launch of what it dubs the "smallest and most flexible tinnitus relief device ever" ([Swedish](https://www.medtechmagazine.se/article/view/833051/malmobolag%5Flanserar%5Fprodukt%5Ffor%5Fegenbehandling%5Fav%5Ftinnitus), [machine translation](https://www-medtechmagazine-se.translate.goog/article/view/833051/malmobolag%5Flanserar%5Fprodukt%5Ffor%5Fegenbehandling%5Fav%5Ftinnitus?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=sv&%5Fx%5Ftr%5Fpto=wapp)).
- Stockholm-based [Kry](https://www.kry.se) is the largest privately owned healthtech startup in Europe. Mimi Billing met CEO and co-founder Johannes Schildt for a brunch, and asked him a personal question ([English](https://sifted.eu/articles/kry-ceo-johannes-schildt-eyebrow/) / *Sifted metered paywall*, [alternative URL](https://archive.is/jn2aH)).
- [Spotify](http://www.spotify.com) releaseds its fourth-quarter earnings report ([English](https://www.zdnet.com/article/spotify-reports-406-million-monthly-active-users-in-q4/)), and CEO Daniel Ek addressed the Neil Young/Joe Rogan controversy ([English](https://variety.com/2022/digital/news/spotify-daniel-ek-joe-rogan-stock-falls-1235170633/)).
- Spotify podcast competitor [Acast](http://www.acast.com) now has its own controversy, surrounding the popular Swedish podcast Framgångspodden and coronavirus vaccine misinformation ([Swedish](https://www.breakit.se/artikel/31769/annonser-stangs-av-fran-parleros-vaccin-podd-kontroversiellt), [machine translation](https://www-breakit-se.translate.goog/artikel/31769/annonser-stangs-av-fran-parleros-vaccin-podd-kontroversiellt?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=sv&%5Fx%5Ftr%5Fpto=wapp))
- Other notable Swedish companies that released earnings reports: digital savings and investments platform [Nordnet](https://www.nordnet.se/) ([English](https://news.cision.com/nordnet/r/nordnet-ab--publ----year-end-report-2021,c3497829), [Swedish](https://www.realtid.se/nordnet-hojer-utdelningen-med-70-procent)), subscription service for digital magazines [Readly](http://readly.com) ([English](https://corporate.readly.com/files/Financial-Reports/Readly-Q4-2021.pdf) / *PDF*, [Swedish](https://www.breakit.se/artikel/31763/readly-sanker-sitt-tillvaxtmal-nya-kunder-kostar-for-mycket)) and investment firm [Kinnevik](https://www.kinnevik.com/) ([English](https://fashionunited.uk/news/business/kinnevik-s-q4-nav-drops-by-4-6-percent-reports-loss/2022020361069), [Swedish](https://www.breakit.se/artikel/31766/tungt-kvartal-for-kinnevik-tappade-flera-miljarder)).

**Other interesting things from the startup/VC world & beyond**

- Dutch VC firm [Connected Capital](https://connectedcapital.nl/) closes €154M fund to boost European B2B SaaS startups ([English](https://www.eu-startups.com/2022/02/amsterdams-connected-capital-closes-e154-million-fund-to-boost-european-b2b-saas-startups/)).
- In defense of single-digit million startup exits ([English](https://foundercollective.medium.com/in-defense-of-single-digit-million-startup-exits-7189c1254740)).
- Can a startup have two CEOs? Yes, but it's often not ideal, writes Christoph Janz ([English](https://medium.com/point-nine-news/can-a-startup-have-two-ceos-22eadd040d5e)).

**Other interesting things from Sweden**

- Sweden will lift pandemic restrictions on February 9 ([English](https://www.reuters.com/world/europe/sweden-lift-pandemic-restrictions-next-week-2022-02-03/)).

+++

That's it for today.