News March 25: Ella, Ekobot, Carl Pei, Teenage Engineering and more

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

This post has been unlocked and made available for free a month after publication.

Subscribe to Swedish Tech News to get access to a daily newsletter that brings you a brief overview of news from the Swedish startup & tech sector, curated by Martin Weigert.

Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!

Financing rounds

  • Ella (Stockholm, upcoming digital healthcare app for women during and after pregnancy): SEK10.5M (€1M, $1.1M) from Add Health Media and angel investors Joo Emmy Sundström, Ninke Liebert, Anders F. Börjesson, Monika Lindquist, Johan Hasselblad, and Louise Engwall Edholm (English, Swedish).
  • Creandum participated in a $60M Series A round raised by German startup Leapsome, a platform for performance management and employee engagement (English).

>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. Request access.

News from Swedish startups, the tech sector and VCs

  • Ekobot, a publicly listed VästerĂĄs-based startup developing autonomous tools for precision agriculture, signed a deal with one of Sweden's major vegetable farmers. The company describes the order as its "commercial breakthrough" (Swedish, machine translation).
  • Spotify paid out over $7B to artists, labels, and the other moving pieces of the music industry last year, up from $5B in 2020, according to its 2021 royalty report (English).
  • Wired writes about Swedish entrepreneur Carl Pei's plan to once more start a smartphone revolution (with London-based Nothing), together with Stockholm-based Teenage Engineering (English).

Other interesting things from the startup/VC world & beyond

  • EU ushers in brave new world of Big Tech regulation (English).
  • Fintech "has been eating up the money" (English / Sifted paywall, alternative URL):

Other interesting things from Sweden

  • 678 Swedish volunteer fighters are known to participate in Ukraine's military defense against Putin's invasion (Swedish, no machine translation available).
  • Ukrainian President Zelenskyy spoke to the Swedish Parliament on Thursday (English).


That's it for today.

Martin Weigert

Martin Weigert