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# News July 29, 2022: Koenigsegg, No Ordinary Scent, Gorilla Capital, Spotify, Sleep Cycle, Desi index and more
- URL: https://www.swedishtechnews.com/news-july-29-2022/
- Published: 2022-07-29T13:31:09.000Z
- Updated: 2023-08-16T13:56:25.000Z
- 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), no ordinary scent, Spotify, sleep cycle, Gorilla Capital, koenigsegg

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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[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

- Swedish high-performance sports car maker [Koenigsegg](http://www.koenigsegg.com/) is investing an undisclosed amount in Dutch solar EV startup [Lightyear](https://lightyear.one/) ([English](https://insideevs.com/news/601061/lightyear-welcomes-koenigsegg-investment-tech-sharing-partnership/)).

\>> 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

- Stockholm-based startup [No Ordinary Scent](https://noordinaryscent.com/), founded in 2020 by Sandra Kinnmark and Amelie Saltin Thor, offers personal perfumes "co-created with AI". Brazilian journalist Lidia Zuin tried it ([English](https://lidiazuin.medium.com/i-ordered-an-ai-generated-perfume-to-learn-how-it-interprets-the-world-111c11b29c8d)).
- \[Exclusive\] Finland-based early stage VC firm [Gorilla Capital](https://gorillacapital.fi/) announced its 3rd fund, which will invest a targeted €50M in around 100 startups in Sweden, Finland, Denmark and the Baltic states. The firm intends to do 20-35 investments in Sweden, with amounts ranging from €50,000 to €2.5M. Across its 2 previous funds, it made a total of 7 investments and 4 follow-on rounds in Sweden, according to managing partner Petri Lehmuskoski. For the new fund, the firm has appointed [Petter Hattenbach](https://www.linkedin.com/in/petterhattenbach/) as managing partner for Sweden, with base in Stockholm.
- Spotify's research team published results from a study in which it investigated how a large group of listeners actively found musical variety at different points of their life cycles ([English](https://research.atspotify.com/the-dynamics-of-exploration-on-spotify/))

### Swedish tech earnings reports

- [Sleep Cycle](https://www.sleepcycle.com) (Gothenburg, maker of a sleep tracking application): [English](https://news.cision.com/sleep-cycle/r/sleep-cycle-interim-report-april-june-2022-stable-growth-and-strong-operating-margin,c3607966).

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

- Across Europe, the number of open job positions at 3,612 privately-owned and VC-backed startups is down 43% since the beginning of February ([English](https://12ft.io/proxy?q=https%3A%2F%2Fsifted.eu%2Farticles%2Ftech-hiring-drops-in-europe%2F)).
- TikTok and the fall of the social media giants ([English](https://www.newyorker.com/culture/cultural-comment/tiktok-and-the-fall-of-the-social-media-giants)).

### Other interesting things related to Sweden

- Sweden drops from #3 last year to #4 in the European Commission’s annual Digital Economy and Society Index (Desi) - it ranked #2 in 2020 ([English](https://digital-strategy.ec.europa.eu/en/policies/desi)).
- Sweden has developed a reputation for building sophisticated submarines ([English](https://www.businessinsider.com/sweden-new-blekinge-class-submarines-could-give-russia-headaches-2022-7?r=US&IR=T)).

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That's it for today.