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# News January 31, 2023: Syntach, X Shore, Quiqly, petgood, Katalysen Ventures, 9 AI predictions for 2023 and more
- URL: https://www.swedishtechnews.com/news-january-31-2023/
- Published: 2023-01-31T16:00:31.000Z
- Updated: 2024-09-19T20:41:32.000Z
- 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), syntach, quiqly, Sesamy, petgood, Katalysen Ventures, joel hellermark, Spotify, Nordnet, X Shore, EIC Fund

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

- [Syntach](https://syntach.com/) (Lund, developer of a medical device for the treatment of patients with chronic left ventricular heart failure): up to €15M ($16M) in equity financing from the European Innovation Council (EIC) ([English](https://www.prnewswire.com/in/news-releases/syntach-ab-announces-17-5m-in-blended-funding-names-patrick-nj-schnegelsberg-as-new-ceo-and-appoints-cansel-isikli-as-vp-of-raq-301733356.html)).

\>> As subscriber, you have access to my exclusive [curated Google sheet](https://docs.google.com/spreadsheets/d/19CzBwRojH%5FK8zin277bpLJ8KCgEUp2AWw%5F%5FJuFUujAs/edit#gid=403477728) with all funding rounds. Do you want a JSON data feed for your org ([example here](https://www.swedishtechnews.com/content/files/2023/01/funding%5Fexample.json))? Let me know. 

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

- [X Shore](https://xshore.com/), Stockholm-based maker of all-electric boats, is laying off 10 percent of the workforce to "achieve profitability faster" ([Swedish](https://www.di.se/digital/elbatsbolaget-x-shore-varslar-10-procent/), [machine translation](https://www-di-se.translate.goog/digital/elbatsbolaget-x-shore-varslar-10-procent/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). The company's LinkedIn page currently lists 112 employees.
- 4 months ago, high profile Swedish pay-as-you-go content service [Sesamy](https://sesamy.com/) [launched](https://www.linkedin.com/feed/update/urn:li:activity:6982632020224954368/?utm%5Fsource=share&utm%5Fmedium=member%5Fdesktop) its system for letting publishers sell articles on an one-off basis. But Sesamy isn't the only protagonist in this field: Växjö-based [Quiqly](https://quiqly.se/) went live around the same time with its own competing service. One of the first customers is Realtid.se ([Swedish](https://www.realtid.se/nu-kan-alla-lasa-realtids-premiumartiklar-utan-att-prenumerera/), [machine translation](https://www-realtid-se.translate.goog/nu-kan-alla-lasa-realtids-premiumartiklar-utan-att-prenumerera/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). According to data from Bolagsverket, the founders Marcus Öhrner and Carl Johansson have not raised any outside funding.
- [petgood](https://petgood.com/), Stockholm-based startup producing and selling insect-based pet food, launched on the German market ([Swedish](https://www.breakit.se/artikel/35749/petgood-ska-fa-tyska-husdjur-att-ata-insekter-med-hjalp-av-sven-schlager), [machine translation](https://www-breakit-se.translate.goog/artikel/35749/petgood-ska-fa-tyska-husdjur-att-ata-insekter-med-hjalp-av-sven-schlager?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- [Katalysen Ventures](https://www.katalysen.com/), publicly listed Stockholm-based venture developer, raised SEK11.9M (€1.1M, $1.1M) through a directed share issue from strategic investors such as the Alex Schütz family office, and Klemens Hallman ([English](https://news.cision.com/katalysen-ventures-ab/r/katalysen-ventures-completes-a-directed-share-issue-of-805-000-new-shares--raising-proceeds-of-appro,c3705985)).
- [J12 Ventures](https://www.j12ventures.com/) partner and co-founder Emmet King penned down the firm's 9 AI predictions for 2023 ([English](https://medium.com/j12ventures/9-ai-predictions-for-2023-990a163b724)).
- 🎧 Podcast interview with Joel Hellermark, CEO & Founder of Stockholm-based personalized learning platform [Sana](https://www.sanalabs.com/), on building the global leader in learning ([English](https://saasnordic.com/69-joel-hellermark-ceo-founder-sana-organizational-structure-as-a-competitive-advantage/), *37 minutes*). *I'm getting quite some Daniel Ek vibes when listening to him.*

### Swedish tech earnings

- [Spotify](http://www.spotify.com) published its interim report för Q4 2022, posting a smaller loss than anticipated, and better than expected subscriber growth. The company is the first music streaming service to surpass 200M paid subscribers ([English](https://www.theverge.com/2023/1/31/23577499/spotify-q4-2022-earnings-release-subscriber-growth-layoffs), [Swedish](https://www.di.se/digital/spotify-krossar-forvantningar-10-miljoner-fler-anvandare-an-vantat/)).
- [Nordnet](https://www.nordnet.se/) (Stockholm, digital savings and investments platform) published its year-end report 2022 ([English](https://news.cision.com/nordnet/r/nordnet-publishes-its-year-end-report,c3705675)).

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

- A new European VC collective comprising 120 venture firms, including Northzone and Balderton, has revealed the [VC Impact Playbook](https://cdn.roxhillmedia.com/production/email/attachment/1100001%5F1110000/c8e55d631d0fe27d56292341b2f82da3caf4f7cc.pdf) (PDF) — a guidebook for European investors unfamiliar with impact-led returns ([English](https://tech.eu/2023/01/30/impactvc/)).
- Why can't founders just ask for money in pitch emails? ([English](https://12ft.io/proxy?q=https%3A%2F%2Fsifted.eu%2Farticles%2Ffounders-raising-pitch-emails%2F))

### Other interesting things related to Sweden

- Stockholm, alongside Helsinki and Hamburg, were chosen for a EU project to identify, test and evaluate the use of drone-based services in urban environments ([Swedish](https://computersweden.idg.se/2.2683/1.775699/snart-flyger-dronare-fram-over-staden--stockholm-tar-plats-i-nytt-eu-projekt), [machine translation](https://computersweden-idg-se.translate.goog/2.2683/1.775699/snart-flyger-dronare-fram-over-staden--stockholm-tar-plats-i-nytt-eu-projekt?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- Astrid, Maja and Alma were the top 3 names given to newborn girls in Sweden in 2022\. William, Liam and Noah were most popular for newborn boys ([Swedish](https://www.dn.se/sverige/har-ar-popularaste-namnen-bland-nyfodda/), no machine translation available).
- A man reported himself to the police after having printed around 50 functioning 3D guns and sold them to criminals ([Swedish](https://www.aftonbladet.se/nyheter/a/VPGpQ4/man-3d-printade-ett-50-tal-vapen-salde-till-kriminella), [machine translation](https://www-aftonbladet-se.translate.goog/nyheter/a/VPGpQ4/man-3d-printade-ett-50-tal-vapen-salde-till-kriminella?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

+++

That's it for today.