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# News January 2, 2023: MoveByBike, Lysa, Teenage Engineering, Spotify, Norrsken Launcher & more
- URL: https://www.swedishtechnews.com/news-jan-2-2023/
- Published: 2023-01-02T16:00:39.000Z
- Updated: 2023-08-11T17:28:52.000Z
- Description: Here are today's news from Sweden's startup and tech sector, sent as daily email newsletter exclusively to subscribers of Swedish Tech News.
- Author: Martin Weigert
- Tags: Daily (PRO), MoveByBike, lysa, Teenage Engineering, anton wass, stark future, Spotify, Norrsken Launcher, erik engellau-nilsson, Assa Abloy

Here are today's news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.

💡

This post has been unlocked and made available for free a month after publication.   
  
[Subscribe to Swedish Tech News](https://www.swedishtechnews.com/#/portal/signup) to get access to a **daily newsletter** that brings you a brief overview of news from the Swedish startup & tech sector, curated by [Martin Weigert](http://www.twitter.com/martinweigert).  
  
Or, if you prefer a **free weekly newsletter**, [subscribe to Swedish Tech Weekly](https://swedishtechweekly.com/)!

### Mergers & acquisitions

- Swedish conglomerate [Assa Abloy](https://www.assaabloy.com) acquired the US-based scaleup [Janam Technologies](https://www.janam.com/), a provider of handheld mobile computers and readers. Financial terms were not disclosed ([English](https://www.finsmes.com/2022/12/assa-abloy-acquires-janam-technologies.html)).

### Funding news

- [MoveByBike](https://movebybike.se/) (publ) (Malmö, smart city logistics with distribution via e-cargo bikes): SEK5.2M (€470K, $500K) through an oversubscribed rights issue ([Swedish](https://dagenslogistik.se/movebybike-tar-in-52-miljoner-i-kapital/), [machine translation](https://dagenslogistik-se.translate.goog/movebybike-tar-in-52-miljoner-i-kapital/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

\>> Daily updated, subscriber-exclusive [Google sheet](https://docs.google.com/spreadsheets/d/19CzBwRojH%5FK8zin277bpLJ8KCgEUp2AWw%5F%5FJuFUujAs/edit?usp=sharing) with all funding rounds raised by private Swedish startups and scaleups. 

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

- [Lysa](https://lysa.se/), Stockholm-based robo advisor, launched on the German market. The expansion is being managed from Stockholm, without a local office in Germany ([Swedish](https://www.di.se/digital/robotradgivaren-tror-pa-lyft-av-lagkonjunkturen/) / *Di Digital paywall*).
- In November, [Teenage Engineering](https://teenage.engineering/) (TE), the iconic Swedish creator of electronic products for people who love sound and music, [announced](https://www.swedishtechnews.com/after-15-years-of-bootstrapping-teenage-engineering-raises-its-first-vc-funding-round/) its first VC funding round, but shared few details. Now Di Digital dug out a bit more: The round added SEK113M (€10M, $10.8M) to TE's balance sheet and valued the company at SEK1.5B post-money ([Swedish](https://www.di.se/digital/hans-teenage-engineering-varderas-till-1-5-miljarder/) / *Di Digital paywall*).
- [Stark Future](https://starkfuture.com/), the Barcelona-based electric motocross bike startup founded and led by the Swede Anton Wass, received a €50M ($53M) strategic investment from Indian multinational automotive company [Eicher Motors](https://www.eicher.in/). The deal values the company at €483M ([English](https://www.reuters.com/markets/deals/indias-eicher-motors-invest-spanish-ev-firm-stark-2022-12-29/), [Swedish](https://www.breakit.se/artikel/35494/hajpade-elmotorcyklarna-stark-tar-in-en-halv-miljard)).
- Yahoo Finance depicts growing investor skepticism about whether Spotify ever can become sustainably profitable; and whether Daniel Ek is still the right person to lead the company ([English](https://finance.yahoo.com/news/spotify-stock-2022-decline-what-happens-next-133312247.html)).
- [Norrsken Launcher](https://www.norrsken.org/launcher) is the name of the new project that the now former Norrsken-CEO Erik Engellau-Nilsson will work with. Details are sparse. According to the placeholder website and [LinkedIn page](https://www.linkedin.com/company/norrsken-launcher/), Launcher's goal is "advancing humanity through ground breaking solutions".

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

- Fantastic piece on a key insight after 15 years of social media: Fragmentation on the internet is a feature, not a bug. "Throwing the whole world into a single room together doesn't work" ([English](https://noahpinion.substack.com/p/the-internet-wants-to-be-fragmented)).

+++

That's it for today.