1 min read Daily

News July 29, 2022: Koenigsegg, No Ordinary Scent, Gorilla Capital, Spotify, Sleep Cycle, Desi index and more

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

đź’ˇ
This post has been unlocked and made available for free a month after publication.

Subscribe to Swedish Tech News 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.

Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!

Funding news

  • Swedish high-performance sports car maker Koenigsegg is investing an undisclosed amount in Dutch solar EV startup Lightyear (English).

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

News from Swedish startups, the tech sector and VCs

  • Stockholm-based startup No Ordinary Scent, founded in 2020 by Sandra Kinnmark and Amelie Saltin Thor, offers personal perfumes "co-created with AI". Brazilian journalist Lidia Zuin tried it (English).
  • [Exclusive] Finland-based early stage VC firm Gorilla Capital 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 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)

Swedish tech earnings reports

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).
  • TikTok and the fall of the social media giants (English).
  • 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).
  • Sweden has developed a reputation for building sophisticated submarines (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: m@swedishtechnews.com
Stockholm