News July 7, 2022: Instabox, DH Anticounterfeit, Again, Hack your closet, Spotify, The Drop and more

Here is today's curation of news from Sweden's startup and tech sector.

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Funding news

  • Instabox (Stockholm, last-mile delivery and smart locker provider): SEK100M (€9.3M, $9.5M) via a convertible note from Swedbank Robur Alternative Equity (English, Swedish).
  • DH Anticounterfeit (Halmstad, SaaS solution for brand protection): SEK15M (€1.4M, $1.4M) from Innovum, Halland Invest, Backstage Invest and Entreprenörinvest (Swedish, machine translation).
  • Again (Stockholm, mobile app that encourages brands to reduce climate emissions in return for consumer data, while paying cash to consumers): undisclosed amount from angel investors such as Per Emanuelsson, Björn Melinder, Fredrik Granström, Lars Bergström and Tord Lendau (English, Swedish).
  • In a follow-on investment, Creandum participated in a $120M Series C round raised by UK-based employee insurance provider YuLife (English).

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News from Swedish startups, the tech sector and VCs

  • Hack your closet, Stockholm-based circular subscription service for clothes founded in 2019, has filed for bankruptcy. The company raised a total of around SEK24M (€2.2M, $2.3M) (Swedish, machine translation).
  • Sifted profiles 5 European startups "building the Teslas of the sea", including 2 Swedish protagonists: X Shore and Candela (English).
  • A major reason for why Spotify decided to become a sponsor of FC Barcelona (for reportedly $310M): The football team has particularly many supporters in Latin America and Asia, which are regions where Spotify grows rapidly, says Chief Freemium Business Officer Alex Norström (Swedish / DI Digital paywall).
  • The Drop is a new climate tech conference organized by a collection of climate funds, local community initiatives and creative teams, that will take place in Malmö on September 21 2022 (English).

Other interesting things from the startup/VC world

  • San Francisco- and Berlin-headquartered VC firm Headline has raised its seventh European fund of €320M ($326M) to back European B2B and B2C startups from seed to Series A (English).
  • What’s it like to have one's startup acquired by one of the tech giants (English).
  • Lots of advice for tech folks in mid to senior roles on onboarding to a new role effectively (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: