News March 28, 2024: Aurora Arts, Vasuma Eyewear, CheckWatt, Hydro Diagnostics, Midday, Venga, Northfork, PaperShell, Troopr, Recilio, Qnister, Campstream, and more
Here are today's news from Sweden's startup and tech sector.
Tomorrow (Friday) and coming Monday are public holidays in Sweden. The next issue of Swedish Tech News PRO will reach your inbox on Tuesday, April 2.
Mergers & acquisitions
- Embracer (Karlstad, video game holding company, founded 2008, publicly traded) is selling the video game development company Gearbox Entertainment to Take-Two Interactive, for $460M (English).
Funding news
⬜️ publicly traded
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・All funding rounds
・New Swedish tech startups
・Bankruptcies and shutdowns
- Aurora Arts (Skövde, developer of upcoming open world pet collecting role-playing game Fae & Fauna, founded 2023, LinkedIn page): SEK5.7M (€510K, $550K) in a funding round led by game entrepreneur Ellen Mellåker, who invests SEK5M. Aurora Arts, which was founded by Tilla Segerstedt, previously raised over SEK2M form Skaraborg Invest (English). The pre-money valuation was SEK19.2M, according to data registered with Bolagsverket (sourced via Eivora).
- Monthly of Sweden, formerly MonthlyCup (Halmstad, D2C brand for silicon-based menstrual cups, founded 2015): SEK3M (€270K, $290K) from undisclosed investors, in an ongoing round with a target of SEK6M (English).
- Vasuma Eyewear (Stockholm, D2C fashion driven sustainable eyewear brand, founded 2005): unspecified "seven-digit SEK amount" in first outside funding, from Tom Dinkelspiel (Swedish, machine translation).
- EQT Ventures led a $50M Series B round raised by Hume AI, a US-based startup and research lab "building AI optimized for human well-being" (English).