Here are today's news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.
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- Allbry (Stockholm, digital platform for a better student health): SEK5M (€450K, $480K) from Bling Capital, The Inner Foundation and undisclosed angel investors (English, Swedish).
- Seidr (Stockholm, game studio working on the next generation of midcore cross-play games): $10M in a seed round from A16z Games, for around 30% of the shares (English, Swedish / Breakit paywall).
- In a follow-on investment, Creandum participated in a €2.1M ($2.3M) seed extension round raised by German foodtech startup Project Eaden, which is aiming to produce whole cuts of plant-based meat alternatives using a proprietary fiber spinning technology (English).
>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups.
News from Swedish startups, the tech sector and VCs
- Quartr, Gothenburg-based investor relations app, has signed a "breakthrough deal" with Sweden’s largest online broker Avanza. The latter and its 2 million customers will get access to Quartr's database consisting of earnings calls, reports and slide decks (English, Swedish).
- Airinum, the Stockholm-based maker of "urban air masks" founded in 2015 which went from a pandemic high to a post-pandemic hangover, has been declared bankrupt due to failing to secure fresh funding. Founder and CEO Alexander Hjertström tells Breakit that the company might have fared better without the pandemic, which somewhat pushed it into a "Covid bubble", despite Airinum's originally larger goals (Swedish / Breakit paywall).
- Stockholm-based Volumental plans to roll out a self-service version of its AI-powered foot scanners this year. A beta test in the US will be launched with Under Armour at select retail stores in the sporting goods segment and in outlets and brand houses (English).
- Minut, the Malmö-based creator of a camera-less home security solution for hosts and owners, has launched a new generation of its sensor which also works outdoors. The company describes it as "the world’s first native outdoor noise monitoring solution built specifically for the hospitality industry" (English).
Swedish tech earnings
- Streamify (Östersund, live video shopping platform, publicly listed) published its interim report för Q4 2022 (Swedish, machine translation).
Other interesting things from the startup/VC world & beyond
- BioNTech, the German biotechnology company behind the Pfizer Covid-19 vaccine, is acquiring UK-based-based enterprise-focused decision-making AI scaleup InstaDeep in a deal worth up to £562 (€635M, $680M). The intention is to use the AI technology for treatment and vaccine discovery (English).
- German AI-based language translator DeepL raises over $100M at a $1B+ valuation (English).
- The global app economy slowed for the first time in 2022, with consumer spend down 2% to $167B – although excluding games, spending on apps increased 6% to $58B (English).
That's it for today.