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.

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

• Spotify (Stockholm, audio streaming service): English.
• Bambuser (Stockholm, provider of technology for live video shopping): English, Swedish.

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).

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That's it for today.