News June 15, 2022: Flowbox, Proxify, tendmill, Tipser, Epidemic Sound, Repli5, Grafana Labs, Storytel, Safello, Sting and more

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

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Mergers & acquisitions

  • Flowbox (Stockholm, SaaS visual marketing platform for brands) bought its Spanish competitor Photoslurp. Financial terms were not disclosed (English, Swedish / Breakit paywall).

Funding news

  • Proxify (Stockholm, platform connecting developers with growing companies): SEK50M (€4.7M, $4.9M) from existing investor byWiT at a pre-money valuation of SEK900M (Swedish, machine translation).
  • tendmill (Stockholm, solution to streamline public procurement in the food service industry): SEK7.5M (€700K, $740K) from among others Esmaeilzadeh Holding and Holmströmgruppen (Swedish, machine translation).

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News from Swedish startups, the tech sector and VCs

  • Tipser, Stockholm-based software solution to transform any content platform into an e-store, which in December 2021 was acquired by US-based checkout technology company Bolt, is reportedly laying off more than half of its workforce, according to Breakit (Swedish, machine translation).
  • Epidemic Sound, Stockholm-based music licensing provider for creators, increased revenue in 2021 by 40% to SEK808M (€76M, $80M), with an EBITDA loss of -SEK53M but an improving margin. CEO Oscar Höglund says no further cash injection is needed (Swedish / DI Digital paywall).
  • Gothenburg-based startup Repli5 builds software that automates the creation of synthetic data and digital twins in order to simplify the development of autonomous vehicles (Swedish, machine translation).
  • Grafana Labs, Stockholm- & New York-based observability platform, open sourced its on-call management tool for DevOps "OnCall" (English).
  • Storytel, Stockholm-based audiobook and ebook subscription service, launched, a site offering free fairytales for Ukrainian children (Swedish, machine translation).
  • The Swedish Financial Supervisory Authority closes its investigation of Swedish crypto exchange Safello in relation to money laundering and terrorist financing rules (English, Swedish).
  • 12 Swedish startups pitched their ideas at the most recent Sting Demo Day (Swedish, machine translation).
  • As of September 1, it will be prohibited to park e-scooters outside of specifically designated parking areas (Swedish, machine translation).

Other interesting things from the startup/VC world & beyond

  • German VC firm Project A Ventures raises $375M, its biggest fund ever to back best early-stage tech startups in Europe (English).
  • Thoughts on the "right" order for the slides in a pitch deck (English).

Other interesting things related to Sweden

  • Swedish software engineer Simon Arledal created a site showing real time and historic airport security waiting times for the airports Stockholm, Arlanda and Gothenburg, Landvetter (Swedish).
  • The car crash in which controversial Swedish artist Lars Vilks and 2 police officers were killed in October 2021 was an accident, concludes an investigation (Swedish, machine translation).


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: