News March 28, 2022: Blika, Sparwk, PaperShell, MyFurn, Hemavi, Oneflow and more

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

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Mergers & acquisitions

  • Blika (Stockholm, SaaS solution to help large multinational companies manage head office data) sold a 60% stake to Dutch investment firm Main Capital. Financial terms were not disclosed (English, Swedish).

Financing rounds

  • Sparwk (Stockholm & Trondheim, online platform and collaborative workspace for music creators): SEK20M (€1.9M, $2.1M) from Bridge Investment and Adenasoft (Swedish, machine translation).

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News from Swedish startups, the tech sector and VCs

  • PaperShell, a startup founded in 2021 based in Tibro, has developed a method to build paper back into a more resistant version of wood. It's now partnering with Swedish electric motorcycle manufacturer CAKE to evaluate whether PaperShell's material could make its way into motorbike body panels (English).
  • A mother-daughter duo has founded Stockholm-based startup MyFurn and - largly self-funded - built a 3D platform for home buyers to click home their interior design choices - and to get everything in place, assembled and installed (Swedish, machine translation).
  • Hemavi, Lund-based matchmaking platform for room rentals, has expanded into Denmark (English).
  • Spotify decided to fully suspend operations in Russia after all (English).
  • Oneflow, Stockholm-based software platform for managing and tracking contracts, plans a public listing on the Nasdaq First North Premier Growth Market during Q2 (English, Swedish).
  • The City of Gothenburg is denying the Russian e-scooter company Whoosh the permit to operate in the city, because it has sanctioned Russian banks among its investors (Swedish, machine translation).
  • VOI founder and CEO Fredrik Hjelm is pondering the idea of a "glassdoor for journalists" in a Twitter thread (English).

Other interesting things from the startup/VC world & beyond

  • In an uncommon move (until now at least), US grocery delivery company Instacart announced it cut its own valuation by 40%, from $39B to $24B (English).
  • Musings about whether high quality startups and scaleups actually benefit from industry-typical long working hours (English).

Other interesting things from Sweden

  • On April 1st, Sweden will lift the pandemic-related ban on entry from all countries (English).


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: