News January 27, 2023: Amferia, Mycorena, Sweden startup guide, CodeEasy, Chroma, Inventure, 10 new tech startups and more
Here are today's news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.
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Subscribe to Swedish Tech News 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.
Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!
Funding news
- Amferia (Gothenburg; developer of materials that can efficiently kill bacteria when used as medical devices, for example within wound care): SEK15.4M (€1.4M, $1.5M) in a funding round from Almi Invest, Chalmers Ventures, and several undisclosed angel investors. The funding will be used to launch the first product, a wound care dressing with a patented hydrogel that actively combats infections and kills antibiotic-resistant bacteria (English, Swedish).
- Mycorena (Gothenburg, developer of fungi-based vegan protein): €1.5M ($1.6M) grant from the EU, funded by Vinnova, FFG Austrian Research Promotion Agency, and Eurostars, for a collaborative project with Austrian plant-based seafood startup Revo Foods (English).
- An addition to the news about the strategic investment raised by Yangi which I covered on January 25: The luxury brand CHANEL also invested in the Swedish company (English).
>> As subscriber, you have access to my curated Google sheet with all funding rounds.
News from Swedish startups, the tech sector and VCs
- Handy guide to Sweden's startup sector by Dragos Novac (English).
- CodeEasy, Stockholm-based online educational platform aiming to teach beginners C# programming "in an easy and fun way", launched a version for teachers (English).
- Breakit highlights the "worst deals" of the 2021 tech hype: Visa's acquisition of Tink, Bolt's acquisition of Tipser, Klarna's acquisition of Pricerunner, Polaris' acqusition of Stronger, and Visma's acquisition of Bookio (Swedish / Breakit paywall).
- Biz Stone has joined the board of Swedish audio startup Chroma. Last year, the Twitter co-founder participated in a seed round raised by the Stockholm-based company (English).
- Linus Dahg, Stockholm-based partner at Nordic & Baltic seed fund Inventure, is the firm's new CEO (English).
Swedish tech earnings
- Lavendla (Stockholm, digital provider of funeral services) has had its first profitable year in 2022 since launching in 2014, while generating SEK96M (€8.6M, $9.3M) in revenue (Swedish, machine translation).
- Hemnet (Stockholm, Sweden's largest property platform) published its Q4 2022 interim report (English).
Other interesting things from the startup/VC world & beyond
- Dealroom published the European Deep Tech Report 2023 (English, PDF with 43 pages).
- Valuation multiples may have fallen too far from their 2021 peaks for many late-stage companies to catch up to their last valuation as quickly as investors initially hoped, according to PitchBook calculations (English).
- ChatGPT is AI's iPhone moment. Its main innovation is the user interface (English).
- Most downloaded apps in Q4 2022 globally (English):
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That's it for today.