News June 17, 2023: Nextory, Vembla, Metry, Klarna, Greenely, Swish, Avanza, Safello, Rider's Position and more

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

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Funding news

  • Nextory (Stockholm, audiobook and e-book subscription service): SEK100M (€9.4M, $10M) in a funding round led by existing investors Industrifonden, Acacia and LK Finans, reportedly at a valuation of SEK1.2B, for the European expansion (Swedish / DI Digital paywall, Swedish #2, machine translation).
  • Vembla (Stockholm, instant hyper-local grocery home delivery): SEK5M (€460K, $500K) through equity crowdfunding from 360 investors (Swedish, machine translation).
  • Metry (Gothenburg, energy data platform to help building owners become more energy efficient): undisclosed amount from SEB Greentech VC (English, Swedish).
  • Volvo Energy invests SEK50M (€4.7M, $5M) in the UK-based, second-life battery energy storage specialist Connected Energy, and secures a 10% stake in the company (English, Swedish).

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News from Swedish startups, the tech sector and VCs

  • The valuation keeps dropping: Klarna is reportedly discussing raising cash at a valuation around $15B, down from 2021’s near $46B (English / WSJ paywall, alternative URL, Swedish).
  • Greenely, Stockholm-based next-generation household energy platform, reached its equity crowdfunding goal of €1.5M within 24 hours of launching the campaign. It will run for 13 more days (English).
  • Ubiquitous p2p payment app Swish hit the milestone of 8 million users in Sweden, which represents 77% of the country's population (English, Swedish).
  • Avanza, one of Sweden's 2 major finance and broker apps, is cancelling the process to evaluate a collaboration with Swedish crypto exchange Safello to integrate crypto services. The potential partnership was announced in March, but now the broker says it wants to awaiting further regulation of the cryptocurrency market (English, Swedish).
  • Rider's Position, Uppsala-based horsetech startup, launched an iOS app which tracks how the rider moves in the saddle, and lets them purchase an objective analysis with written feedback on their seat (English).

Other interesting things from the startup/VC world & beyond

  • As a VC, earning the right to be contrarian (English)
  • The hardest part about SaaS companies, at each stage (English).

Other interesting things related to Sweden


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: