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# News March 10, 2022: Tibber, Mevia, Spotify, Tink, Rocker, Almi Invest & more
- URL: https://www.swedishtechnews.com/news-march-10-2022here-is-todays-curation-of-news-from-swedens-startup-and-tech-sector-as-well-as-some-interesting-reads-exclusively-for-subscribers-of-swedish-tech-news/
- Published: 2022-03-10T15:59:33.000Z
- Updated: 2023-08-08T16:03:39.000Z
- Description: Here is today's curation of news from Sweden's startup and tech sector, as well as some interesting reads, exclusively for subscribers of Swedish Tech News.
- Author: Martin Weigert
- Tags: Daily (PRO), tibber, mevia, Spotify, rocker, Almi Invest, tink, Summa Equity, Balderton Capital, eight roads ventures, Schibsted Ventures, Chalmers Ventures

Here is today's curation of news from Sweden's startup and tech sector, as well as some interesting reads.

💡

This post has been unlocked and made available for free a month after publication.   
  
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Or, if you prefer a **free weekly newsletter**, [subscribe to Swedish Tech Weekly](https://swedishtechweekly.com/)!

**Financing rounds**

- [Tibber](https://tibber.com) (Stockholm and Norway, smart energy company): $100M in a Series C round led by Summa Equity, with participation from previous investors Balderton Captial, Eight Roads Ventures, and Schibsted Ventures ([English](https://tech.eu/2022/03/10/norways-tibber-brings-home-100-million-in-summa-equity-led-round/), [Swedish](https://www.realtid.se/telegram/tibber-tar-in-1-miljard-kronor-i-farskt-kapital)).
- [Mevia](https://www.mevia.se/) (Gothenburg, developer of solutions to solve the problem of non-adherence): undisclosed amount from existig investor Chalmers Ventures ([Swedish](https://www.mynewsdesk.com/se/chalmers-ventures/pressreleases/chalmers-ventures-investerar-i-portfoeljbolaget-mevia-3167616), [machine translation](https://www-mynewsdesk-com.translate.goog/se/chalmers-ventures/pressreleases/chalmers-ventures-investerar-i-portfoeljbolaget-mevia-3167616?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

\>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. [Request access](https://docs.google.com/spreadsheets/d/1a4JfphPOita15GMQBONzOHQwtkClDHubEkMkpF1b8eM/edit?usp=sharing).

**News from Swedish startups, the tech sector and VCs**

- [Spotify](http://www.spotify.com) has suspended its premium service in Russia, a move expected to result in a loss of about 1.5M paying customers in the first quarter of 2022 ([English](https://variety.com/2022/digital/news/spotify-russia-subscriber-cancel-joe-rogan-1235200533/)).
- Visa's €1.8B acquisition of Stockholm-based open banking provider [Tink](https://tink.com/), which was announced in June 2021, has been completed ([English](https://tink.com/press/visa-completes-acquisition-tink/)).
- Stockholm-based neobank [Rocker](https://rocker.com/) announced the company's co-founder Jonas Hultin as new CEO ([Swedish](https://news.cision.com/se/rocker/r/ny-vd-pa-rocker,c3522182), [machine translation](https://news-cision-com.translate.goog/se/rocker/r/ny-vd-pa-rocker,c3522182?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- Last mile delivery companies Budbee, Foodora and Wolt face cost pressure due to rapidly rising fuel prices ([Swedish](https://www.ehandel.se/sa-drabbas-fraktbolagen-av-de-rekodhoga-drivmedelspriserna-dramatiskt), no machine translation available).
- Last year, state-owned investment firm [Almi Invest](https://www.almi.se/almi-invest/) injected SEK437M (€40M, $45M) - the highest amount ever - in 192 Swedish startups. It also made SEK269M through exits from 48 companies ([Swedish](https://news.cision.com/se/almi-invest-ab/r/hogsta-investeringsnivan-nagonsin-for-almi-invest,c3521541), [machine translation](https://news-cision-com.translate.goog/se/almi-invest-ab/r/hogsta-investeringsnivan-nagonsin-for-almi-invest,c3521541?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

**Other interesting things from the startup/VC world & beyond**

- Danish digital banking startup [Lunar](https://www.lunar.app) raised a €70M Series D extension from previous backers ([English](https://techcrunch.com/2022/03/10/lunar-the-nordic-neo-bank-raises-77m-at-a-2b-valuation-and-launches-crypto-trading-platform-and-b2b-payments/)).
- European specialist VC fund [FOV Ventures](https://www.fov.ventures/) announced its first close of €16.5M of its €25M target fund to invest in pre-seed and seed-stage companies working on the Metaverse ([English](https://arcticstartup.com/specialist-fund-is-launched-by-fov-ventures/)).

**Other interesting things from Sweden**

- In a Brooklyn popup store, IKEA uses Augmented Reality to create customizable showrooms ([English](https://www.adweek.com/commerce/ikea-space-unfolded-augmented-reality-showrooms/)).
- And a chart to wrap up for today ([source](https://sifted.eu/articles/sustain-chart-energy/)):

![](https://storage.ghost.io/c/cb/aa/cbaa9996-4d93-4f6d-b930-d76c908df0d1/content/images/2022/03/chart-1.png)

+++

That's it for today.