News June 28:, Polarium, Quizrr, Gritify, Natural Cycles, Min Doktor and more

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

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Mergers & acquisitions

  • (Örebro, communication and management platform for sports teams and associations) is selling a majority stake to Tempeludden, an aggregator of small Swedish software companies. Financials were not disclosed (Swedish / Breakit paywall, Swedish #2, no machine translation available). The founders Mikael Blix and Johan Berglund are now focusing on Heja, which is a smiliar similar service but with an international profile. Heja raised a $4.2M seed round last year.

Funding news

  • Polarium (Stockholm, smart modular energy storage solutions): SEK178M (€17M, $18M) from 3 new, undisclosed Swedish investors. This news comes less than 2 months since the company announced a SEK955M financing round (English).
  • Quizrr (Stockholm, digital training solutions to advance corporate responsibility and worker well-being): SEK25M (€2.3M, $2.5M) from existing investors such as Artax Invest, to accelerate the global expansion (English, Swedish).
  • Gritify (Stockholm, anonymous job market platform): SEK9M (€850K, $900K) from Acacia (English, Swedish).

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News from Swedish startups, the tech sector and VCs

  • Natural Cycles, Stockholm-based birth control app, says it's working on a completely anonymous version of its service, in the wake of the US Supreme Court's ruling to end the constitutional right to abortion (Swedish, machine translation).
  • Swedish startup news site Breakit launched a native iPhone app (Swedish).
  • Norrsken built a list of impact-focused investors active in the Nordics (English).

Swedish tech earnings reports

Other interesting things from the startup/VC world & beyond

  • Plural is a new €250M ($260M) early-stage venture fund (or "investment platform for the unemployables", as it dubs itself) launched by the 4 top European founders Taavet Hinrikus, Sten Tamkivi, Ian Hogarth and Khaled Helioui - with more founders/operators expected to join (English).
  • The many ways how a venture financing can implode post-term sheet (English).

Other interesting things related to Sweden

  • Swedish Radio News created a made-up online pharmacy that has been visited by fictitious customers to show that Facebook saves sensitive information instead of filtering it, as it claims (English).
  • Sweden's state power company Vattenfall is looking into building a series of small modular nuclear reactors (English / The Local soft paywall, alternative URL, Swedish).
  • 400,000 people in Sweden can't get a digital-ID because they lack a Swedish personal number (English).


That's it for today.

Martin Weigert

Martin Weigert