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# News January 20, 2023: Wayout, Qoitech, Garden Glory, Loopeli, byFounders, Gordon Delivery, 11 new tech startups & much more
- URL: https://www.swedishtechnews.com/news-jan-20-2023/
- Published: 2023-01-20T14:57:43.000Z
- Updated: 2023-08-11T17:10:23.000Z
- 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), Wayout, qoitech, garden glory, loopeli, byFounders, gordon delivery, Yubico, Avanza, Appspotr, Climentum Capital, Gullspång Re:food, ReThink Capital, Latour Future Solutions

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/)!

### Funding news

- [Wayout](https://wayout.com/) (Stockholm, IoT-enabled water purification system that can turn all kinds of source water, even seawater, into drinkable water): SEK60M (€5.4M, $5.8M) from new investors Climentum Capital, Gullspång Re:food and Raiven Capital, with participation from unspecified existing investors ([Swedish](https://www.di.se/digital/deras-mikrofabrik-renar-vatten-overallt-tar-in-60-miljoner/), [machine translation](https://www-di-se.translate.goog/digital/deras-mikrofabrik-renar-vatten-overallt-tar-in-60-miljoner/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- [Qoitech](https://www.qoitech.com/) (Lund, hardware and software solutions for design of energy-efficient products): undisclosed amount from Latour Future Solutions, for 21.9% of the company ([English](https://news.cision.com/investment-ab-latour/r/latour-invests-in-qoitech,c3686892)). *This round was announced in the week before Christmas, showed up on my radar only now.*
- [Garden Glory](https://www.gardenglory.com/) (Gothenburg, online store and brand for premium gardening products): SEK3.6M (€320K, $350K) from angel investor Jonas Bonde and other undisclosed investors ([Swedish](https://www.breakit.se/artikel/35678/bra-fart-i-tillvaxtraketen-de-fyller-pa-med-farska-miljoner-och-svensk-techkris-pa-mallorca) / *Breakit paywall*).
- [Loopeli](https://loopeli.se/) (Stockholm, communication app to keep in touch with family, friends and relatives, across generational boundaries): SEK1.2M (€110K, $117K) from angel investors Lena Apler and Jonas Eriksson([Swedish](https://www.breakit.se/artikel/35622/nyemissioner-i-startups-folj-vart-flode-med-alla-nya-rundor) / *Breakit paywall*).

\>> 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

- Nordic VC firm [byFounders](https://www.byfounders.vc/) published a report on Pre-Seed to Series A technology startups and VC in 2022 across the Nordics and Baltics ([English](https://pitch.com/v/djcq3q/c9e808cb-04d1-410d-8871-30cef5414f08)).
- [Gordon Delivery](https://gordondelivery.com), smart urban logistics provider for food home deliveries, is the latest protagonist to offer own its smart lockers for pickups: So far 6 of them can be found across Stockholm ([Swedish](https://gordondelivery.com/2023/01/20/gordon-placerar-ut-tva-nya-kylskap-for-paket-vid-nacka-forum-och-liljeholmskajen/), [machine translation](https://gordondelivery-com.translate.goog/2023/01/20/gordon-placerar-ut-tva-nya-kylskap-for-paket-vid-nacka-forum-och-liljeholmskajen/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- E-commerce sales in Sweden shrank in 2022 by 9% if only considering Sweden-based stores, and by 12% when including foreign stores – and that despite the high inflation ([Swedish](https://via.tt.se/pressmeddelande/betydande-minskning-i-volymforsaljning-for-e-handeln?publisherId=1718444&releaseId=3338549)).
- Breakit presented 3 female investors who will join the investor panel of this year's [Shift initiative](https://www.shiftcapital.se/): Susana Meza Graham, Joo Sundström and Jennie Sinclair ([Swedish](https://www.breakit.se/artikel/35676/flera-horde-breakit-grundarens-nodrop-tre-kvinnliga-shift-investerare-klara), [machine translation](https://www-breakit-se.translate.goog/artikel/35676/flera-horde-breakit-grundarens-nodrop-tre-kvinnliga-shift-investerare-klara?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

### New Swedish tech startups

  
This week, I've added 11 Swedish early-stage tech startups to my [subscriber-exclusive tracker](https://www.swedishtechnews.com/startup-updates-list/).

### Swedish tech earnings

- [Yubico](https://www.yubico.com/) (Stockholm & Palo Alto, provider of secure login solutions) increased revenue by 68% to SEK1.46B (€130M, $140M) in 2022, albeit boosted by the strong USD. Profit was SEK180M ([Swedish](https://www.di.se/digital/it-sakerhetsstjarnan-gor-vinst-pa-180-miljoner/) / *Di Digital paywall*).
- [Avanza](http://www.avanza.se) (Stockholm, finance and broker app) published its Q4 2022 interim and annual report ([English](https://mfn.se/a/avanza-bank-holding/avanza-bank-holding-ab-publ-preliminary-financial-statement-2022)).
- [Appspotr](https://www.appspotr.com/) (Gothenburg, low-code app builder) published its Q4 2022 interim and annual report ([Swedish](https://investor.appspotr.com/pressmeddelanden/?releaseIdentifier=3071B7EAC7843995), [machine translation](https://investor-appspotr-com.translate.goog/pressmeddelanden/?releaseIdentifier=3071B7EAC7843995&%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

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

- Global fintech funding amounted to $75.2B in 2022, down 46% compared with 2021, but up 52% compared to 2020 ([English](https://techcrunch.com/2023/01/19/fintech-in-2022-a-story-of-falling-funding-fewer-unicorns-and-insurtech-ma/)). However, climate fintech startups secured $2.9B in VC funding, up from $1.2B in 2021 ([English](https://12ft.io/proxy?q=https%3A%2F%2Fsifted.eu%2Farticles%2Fclimate-fintech-funding-record-2022%2F)).
- Techniques and small habits from 2 founders that other co-founders can use to strengthen their partnerships at any stage ([English](https://review.firstround.com/small-habits-co-founders-can-hang-on-to-as-they-build-the-plane-while-flying-it)).

### Other interesting things related to Sweden

- The British online newspaper The Independent published a guide to Malmö, calling it "Sweden’s trendy coastal metropolis" and "up-and-coming city" ([English](https://www.independent.co.uk/travel/europe/sweden/malmo-city-guide-sweden-hotels-b2258805.html) / *The Independent paywall*, [alternative URL](https://archive.is/12WZ9)).

+++

That's it for today.