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# News July 27, 2022: Saveabl, Spotify, Klarna Kosma, Bambuser and more
- URL: https://www.swedishtechnews.com/news-july-27-2022/
- Published: 2022-07-27T15:00:37.000Z
- Updated: 2023-08-16T13:57:13.000Z
- 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), Klarna, bambuser, Saveabl., Spotify, Alfvén & Didrikson

Here is today's curation of 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).  
  
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### Funding news

- [Saveabl.](https://www.saveabl.se/) (Gothenburg, sustainable meal kits made with surplus raw ingredients): undisclosed amount from angel investors Gabriela Saavedra and Micael Wiklander, for 17% of the company. The money will be used for the domestic expansion ([Swedish](https://www.ehandel.se/klimatsmart-matkasse-far-nya-delagare-skala-upp-rejalt), no machine translation available).
- In a follow-on investment, Alfvén & Didrikson participated in a $60M Series C round raised by UK-based electric vehicle subscription startup [Onto](https://on.to/) ([English](https://siliconcanals.com/crowdfunding/onto-secures-59-1m/))

\>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. [Access it here](https://docs.google.com/spreadsheets/d/1a4JfphPOita15GMQBONzOHQwtkClDHubEkMkpF1b8eM/edit?usp=sharing).

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

- With its Q2 earnings report, [Spotify](http://www.spotify.com) overall exceeded expectations, but continues to be unprofitable. During the quarter, the company grew its monthly active users by 19 million to 433 million, 5 million above its own guidance. Paid users now stand at 188 million, up 6 million compared to Q1\. The company also announced to stop manufacturing its US-only in-car entertainment hardware system Car Thing "based on several factors, including product demand and supply chain issues" ([English](https://techcrunch.com/2022/07/27/spotify-exits-short-lived-car-thing-hardware-play-as-reports-q2-maus-of-433m-offsetting-russia-exit-and-service-outage/)).
- Klarna's recently launched open banking platform [Kosma](https://www.kosma.com/) has secured German all-in-one finance management platform for business [Airbank](https://www.joinairbank.com/) as one of its first publicly known customers ([English](https://www.finextra.com/pressarticle/93526/airbank-chooses-klarna-open-banking-platform))

### Swedish tech earnings reports

- [Spotify](http://spotify.com) (Stockholm, audio streaming service): [English](https://newsroom.spotify.com/2022-07-27/spotify-reports-second-quarter-2022-earnings/).
- [Bambuser](http://www.bambuser.com) (Stockholm, provider of technology for live video shopping): [English](https://ir.bambuser.com/article?slug=bambuser-continued-strong-business-momentum-in-the-second-quarter-with-arr-growth-of-118-year-on-year-1), [Swedish](https://www.breakit.se/artikel/33821/bambuser-mer-an-fordubblar-arr-intakterna-men-forlusten-svaller).

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

- A framework for when to shut down a company ([English](https://blog.aaronkharris.com/when-to-shut-down-your-company)).
- China startup funding plunges to 8-year low in Q2 ([English](https://asia.nikkei.com/Business/Startups/China-startup-funding-plunges-to-8-year-low-in-Q2)).

+++

That's it for today.