News July 27, 2022: Saveabl, Spotify, Klarna Kosma, Bambuser and more

Here is today's curation of news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.

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Funding news

  • Saveabl. (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, 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 (English)

>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. Access it here.

News from Swedish startups, the tech sector and VCs

  • With its Q2 earnings report, Spotify 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).
  • Klarna's recently launched open banking platform Kosma has secured German all-in-one finance management platform for business Airbank as one of its first publicly known customers (English)

Swedish tech earnings reports

Other interesting things from the startup/VC world & beyond

  • A framework for when to shut down a company (English).
  • China startup funding plunges to 8-year low in Q2 (English).


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: