News July 14: VOI, Google, Meta, Avanza and more

Here is today's curation of news from Sweden's startup and tech sector.

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News from Swedish startups, the tech sector and VCs

  • VOI is no longer a unicorn. Its biggest investor VNV Global wrote down the value of its VOI ownership significantly. The Stockholm-based e-scooter company is now valued at around SEK7B ($660M), down 31% since when VOI raised its Series D in the beginning of 2022 (Swedish, machine translation).
  • SEK160,000/month (€15,000, $15,000) was the average salary of Google employees in Sweden in 2021, an increase of 13.6% compared to 2020, based on calculations made by Breakit. Meta's average salary for its relatively few employees in Sweden rose 13.8% to SEK156,000/month (Swedish, machine translation).
  • EQT Ventures is looking for a tech lead for its Stockholm office (English).
  • Creandum published 5 key tips for a business plan model as well as an exemplary dummy model for a fictitious B2B SaaS business raising a Series A or later (English).

Swedish tech earnings reports

Other interesting things from the startup/VC world

  • A primer for executives outside of finance functions on reading a profit & loss statement (English).
  • Being laid off is traumatic for those affected. It's time to talk openly about it (English).
  • Swedish inflation rate rose to 8.5% in June 2022, up from 7.2 percent in May (English, Swedish).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm