News January 24, 2022: Kognity, Zebrain, Care to Translate, Atium, Neovici, Carla and more

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

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Mergers & acquisitions

  • Kognity (Stockholm, developer of "intelligent" textbooks for the education sector) acquires UK-based global tutoring and online course company Elite IB. Financials were not disclosed (English, Swedish / DI Digital paywall).

Financing rounds

  • Zebrain (Stockholm, personalized platform for online-coaching): SEK27M (€2.6M, $3M) from By Wit (English, Swedish).
  • Care to Translate (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, Swedish).
  • Atium (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, Swedish).

News from Swedish startups, the tech sector and VCs

  • Neovici, Stockholm-based fintech providing a financial process automation platform, announced having won Mexico’s leading mobile telecom operator Telcel as customer (English, Swedish).
  • 🎧 Podcast interview with Patrik Illerstig, CEO and co-founder of Stockholm-based online store for used electric vehicles Carla (Swedish, 38 minutes).
  • Swiss digital asset and cryptocurrency exchange Smart Valor is going to be publicly listed on Sweden's Nasdaq First North Growth Market (English, Swedish / DI Digital paywall).
  • Swedish VC firm Creandum is hiring a Principal in Berlin (English).

Other interesting things from the startup & VC world

  • London-based Sova VC announced Europe’s second-ever "liquidity" fund for founders and early employees that want to cash out early (English).
  • 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).

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).
  • A Swedish man nearing the retirement age happens to be the lucky owner of the domain, which could be worth millions (Swedish / SvD paywall, Swedish #2, machine translation).


That's it for today.

Martin Weigert

Martin Weigert

Martin is the founder of Swedish Tech News. Every day he spends many hours gathering and curating the latest from Sweden's startup & tech sector. Contact: