News February 9: NetOnNet, Avy, Tmpl, Swish, Sting, Mat.se, Pressbyrån 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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Mergers & acquisitions

  • NetOnNet (Borås, online electronics retailer) is being acquired by Norwegian competitor Komplett Group for SEK3.7B (€360M, $400M), will remain an independent brand (English, Swedish).
  • Avy and Tmpl, Swedish startups offering digital solutions for the rental industry, are merging to form "the leading housing app and Tenant Experience platform in the Nordics" (English, Swedish).

Financing rounds

  • Swedish VC firm EQT Ventures led a $30M Series B funding round raised by US-based product-led sales platform Endgame (English).

News from Swedish startups, the tech sector and VCs

  • Swish is integrating with Dutch payments company Adyen - the first non-Nordic financial institution to partner with the ubiqutious Swedish p2p payment app (Swedish, machine translation).
  • A list of the 17 startups that just joined Stockholm-based accelerator and incubator Sting (English).
  • The Swedish Competition Authority approves the acquisition of online grocery store Mat.se by competitor Mathem (English, Swedish).

Other interesting things from the startup/VC world & beyond

  • Europe’s Chips Act to bake in up to €2B in funding support for startups and scale-ups (English).
  • European Commission adopts EIC work programme for 2022, unlocks €1.7B in funding (English).
  • Neobanks’ biggest challenge isn’t growth. It’s fraud (English).
  • Apple announces new Tap to Pay feature that turns iPhones into contactless payment terminals - US only for now (English).

Other interesting things from Sweden

  • This summer, the City of Stockholm will temporarily convert 42 streets and squares into pedestrian areas - 13 more than 2021 (Swedish, machine translation).
  • Swedish convenience store chain Pressbyrån now acceps online orders for rapid delivery, partners with Uber Eats (Swedish, machine translation).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm