> ## 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 July 20, 2022: Magma, H2 Green Steel, REARQ, WAYOUT, Roam, Klarna, Jacob de Geer and more - URL: https://www.swedishtechnews.com/news-july-20-2022/ - Published: 2022-07-20T15:00:43.000Z - Updated: 2023-08-16T14:02:03.000Z - Description: Here is today's curation of news from Sweden's startup and tech sector, as well as some interesting reads, exclusively for subscribers of Swedish Tech News. - Author: Martin Weigert - Tags: Daily (PRO), Stegra (formerly H2 Green Steel), rearq, Wayout, roam, Klarna, Matsmart, safeture, jacob de geer, Magma, Fros Ventures, hitachi energy Here is today's curation of news from Sweden's startup and tech sector. 💡 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 - [Magma](http://www.magma.se), formerly Matteappen (Stockholm, math learning app for elementary schools): SEK52M (€5M, $5.1M) from Stena family's Kim and William Olsson as well as existing investors Fros Ventures and Per Emanuelsson, at a post-money valuation of SEK230M. The fresh funds will be used to scale up in the US, as well as expansion into additional markets ([English](https://nordic9.com/news/magma-to-raise-sek-52-million-from-angel-investors-in-sweden/), [Swedish](https://www.di.se/digital/matteappen-magma-dundrar-in-pa-den-amerikanska-marknaden/)). - [H2 Green Steel](https://www.h2greensteel.com/) (Stockholm, developer of a fossil-free steel plant to be built in northern Sweden): undisclosed ("significant") amount from [Hitachi Energy](https://www.hitachienergy.com/) as part of a broader partnership ([English](https://www.h2greensteel.com/pressreleases/hitachi-energy-partners-with-h2-green-steel-for-equity-investment-energy-solutions-and-green-steel), [Swedish](https://www.di.se/nyheter/ny-storinvesterare-kliver-in-i-h2-green-steel/) / *DI paywall*). \>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. [Request access](https://docs.google.com/spreadsheets/d/1a4JfphPOita15GMQBONzOHQwtkClDHubEkMkpF1b8eM/edit?usp=sharing). ### News from Swedish startups, the tech sector and VCs - Gothenburg-based startup [REARQ](https://www.rearq.io/) specializes in converting existing vehicle fleets to become 100% electric as well as smart & connected. [MatHem](http://www.mathem.se) is now using one converted truck that formerly ran on diesel, to make grocery deliveries in Gothenburg, with the option of more vehicles to follow ([Swedish](https://www.mynewsdesk.com/se/mathem/pressreleases/mathem-vaexlar-upp-med-ny-elbil-som-konverterats-fraan-dieselbil-3195317?utm%5Fsource=rss&utm%5Fmedium=rss&utm%5Fcampaign=Alert&utm%5Fcontent=pressrelease), [machine translation](https://www-mynewsdesk-com.translate.goog/se/mathem/pressreleases/mathem-vaexlar-upp-med-ny-elbil-som-konverterats-fraan-dieselbil-3195317?utm%5Fsource=rss&utm%5Fmedium=rss&utm%5Fcampaign=Alert&utm%5Fcontent=pressrelease&%5Fx%5Ftr%5Fsl=sv&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). - [WAYOUT](https://wayoutintl.com/), founded in 2018, has developed a micro-factory system that allows for local production and distribution of perfect drinking water. The Stockholm-based startup hopes to put 600 units into the field in regions of the globe where clean drinking water is harder for people to access, within the next 2-3 years ([English](https://www.techarenan.news/2022/07/19/growth-company-of-the-year-brings-clean-drinking-water-across-the-globe/)). - [Roam](https://www.roammotors.com/), the Swedish-Kenyan developer of electric mobility technology formerly named Opibus, unveiled its next-generation electric motorcycle "Air", which is adapted and designed for markets in African ([English](https://electrek.co/2022/07/20/roam-electric-motorcycle/)). - [Klarna](http://www.klarna.com) is opening a pop-up store in Los Angeles, described as "shopping escape" that will be open for 2 days (July 23 and 24) and "feature exclusive offers from all of your favorite mission-driven brands" ([English](https://www.pymnts.com/news/retail/2022/will-klarnas-bnpl-pop-up-retail-store-in-la-be-an-oasis-or-a-mirage/)). - 🎧 Jacob de Geer, who once was the first employee at Tradedoubler and later founded iZettle (now "Zettle") and sold it to PayPal for $2.2B, talked on Swedish radio's program "Sommar i P1" about his entrepreneurial journey and failures ([Swedish](https://sverigesradio.se/avsnitt/jacob-de-geer-sommarprat-2022), 60 minutes). ### Swedish tech earnings reports - [Matsmart / Motatos](https://www.motatos.com/) (Stockholm-based online seller of surplus production and overstocks): [English](https://news.cision.com/motatos/r/matsmart-motatos--global-annual-results-2021,c3603279), [Swedish](https://www.breakit.se/artikel/33767/matsmart-avslojar-hur-det-gick-ifjol-vaxer-kraftigt-i-tyskland). - [Safeture](https://www.safeture.com/) (Lund, SaaS solution to safeguard the modern workforce): [English](https://news.cision.com/safeture-ab/r/safeture-keeps-momentum-and-continues-to-deliver-in-line-with-targets,c3603247). ### Other interesting things from the startup/VC world - European startups raised €54.4B ($55B) in H1 2022, but Q2 registered a decline of 10.6% in capital invested over Q1, according to Pitchbook's just published Q2 2022 European Venture Report ([English](https://pitchbook.com/news/reports/q2-2022-european-pe-breakdown)). +++ That's it for today.