> ## Content Index
> Fetch the complete content index at: https://www.swedishtechnews.com/llms.txt
> Use this file to discover other available public pages before exploring further.

# News January 24, 2022: Kognity, Zebrain, Care to Translate, Atium, Neovici, Carla and more
- URL: https://www.swedishtechnews.com/news-january-24-2022/
- Published: 2022-01-24T16:21:29.000Z
- Updated: 2023-08-19T06:13:13.000Z
- Description: Here are the latest news from Sweden's startup and tech sector, plus some interesting reads and news.
- Author: Martin Weigert
- Tags: Daily (PRO), kognity, zebrain, Care to Translate, Atium, Neovici, Carla, byWiT, Provider Investment, Stena New Ventures, Creandum

Here are today's news from Sweden's startup and tech sector, plus some interesting reads, 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**

- [Kognity](https://kognity.com/) (Stockholm, developer of "intelligent" textbooks for the education sector) acquires UK-based global tutoring and online course company [Elite IB](https://www.eliteib.co.uk). Financials were not disclosed ([English](https://news.cision.com/lanterna-education/r/kognity-acquires-tutor-elite-ib-and-is-now-poised-to-deliver-over-100-000-tutoring-sessions-in-2022,c3488236), [Swedish](https://www.di.se/digital/miljardbubblaren-kognity-dubblar-kapaciteten/) / *DI Digital paywall*).

**Financing rounds**

- [Zebrain](https://www.zebrain.se) (Stockholm, personalized platform for online-coaching): SEK27M (€2.6M, $3M) from By Wit ([English](https://nordic9.com/news/zebrain-to-raise-sek-27-million-from-sweden-based-investors-wit-ventures/), [Swedish](https://www.di.se/digital/selin-agt-bolag-ska-ge-fler-an-chefen-chansen/)).
- [Care to Translate](https://caretotranslate.com/en/) (Stockholm, medical translation app for healthcare professionals): SEK25M (€2.4M, $2.7M) in a funding round led by Provider Investment, with participation from new angel investors and existing investors ([English](https://nordic9.com/news/care-to-translate-in-a-sek-25-million-capital-raise-backed-by-provider-investment/), [Swedish](https://www.di.se/digital/oversattningsappen-vill-riva-sprakbarriarer-i-varden/)).
- [Atium](https://www.atium.se/) (Gothenburg, developer of water treatment technologies): undisclosed amount in a pre-seed funding round led by Stena New Ventures, with participation from existing investors ([English](https://nordic9.com/news/atium-raised-a-seed-investment-led-by-stena-new-ventures-and-joined-by-chalmers-ventures-gladium-and-jan-burenius/), [Swedish](https://www.mynewsdesk.com/se/chalmers-ventures/pressreleases/vattenreningsbolaget-atium-har-tagit-in-foersaaddsinvestering-3156968)).

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

- [Neovici](https://www.neovici.se/), Stockholm-based fintech providing a financial process automation platform, announced having won Mexico’s leading mobile telecom operator Telcel as customer ([English](https://www.neovici.se/press-releases/neovici-has-signed-a-breakthrough-contract), [Swedish](https://www.dagensps.se/ps-partner/jattekontrakt-till-svenskt-fintechbolag/)).
- 🎧 Podcast interview with Patrik Illerstig, CEO and co-founder of Stockholm-based online store for used electric vehicles [Carla](https://www.carla.se/) ([Swedish](https://www.affarsvarlden.se/podd/fran-techtopp-till-bilhandlare), *38 minutes*).
- Swiss digital asset and cryptocurrency exchange [Smart Valor](https://smartvalor.com) is going to be publicly listed on Sweden's Nasdaq First North Growth Market ([English](https://www.startupticker.ch/en/news/smart-valor-to-go-public-at-nasdaq-first-north), [Swedish](https://www.di.se/digital/kryptodrottningen-tar-sitt-bolag-till-first-north/) / *DI Digital paywall*).
- Swedish VC firm [Creandum](https://www.creandum.com/) is hiring a Principal in Berlin ([English](https://blog.creandum.com/creandum-is-hiring-a-principal-in-berlin-join-us-or-recommend-a-friend-8a7fd66a36d1)).

**Other interesting things from the startup & VC world**

- London-based [Sova VC](https://sova.vc/) announced Europe’s second-ever "liquidity" fund for founders and early employees that want to cash out early ([English](https://sifted.eu/articles/startup-secondaries-sova-vc-fund/)).
- An investigation of a decade of tech IPOs, comprising of 166 companies, shows that capital has historically been vastly overrated as a predictor of startup success ([English](https://foundercollective.medium.com/dont-overdose-on-vc-lessons-from-166-startup-ipos-c94f3c178dfe)).

**Other interesting things from Sweden**

- Once more, an app developer is going to be deported after over a decade in Sweden, due to an insurance policy mistake made by a previous employer ([English](https://sverigesradio.se/artikel/app-developer-to-be-deported-after-over-a-decade-in-sweden)).
- A Swedish man nearing the retirement age happens to be the lucky owner of the domain [meta.se](https://meta.se/), which could be worth millions ([Swedish](https://www.svd.se/svensk-man-har-guldlage-da-facebook-byter-namn) / *SvD paywall*, [Swedish #2](https://www.dagensps.se/bors-finans/han-kan-tjana-miljoner-nar-facebook-blir-meta/), [machine translation](https://www-dagensps-se.translate.goog/bors-finans/han-kan-tjana-miljoner-nar-facebook-blir-meta/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=sv&%5Fx%5Ftr%5Fpto=wapp)).

+++

That's it for today.