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# News March 29, 2022: ArK Kapital, Zimpler, Scania Growth Capital, Freja eID, Bumbee Labs, Klarna, and more
- URL: https://www.swedishtechnews.com/news-march-29-2022/
- Published: 2022-03-29T15:04:32.000Z
- Updated: 2023-08-06T14:41:51.000Z
- 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), ark kapital, Zimpler, fredja eid, bumbee labs, Klarna, Creandum, Alliance VC, nordstjernan, Scania Growth Capital

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

💡

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**Financing rounds**

- [ArK Kapital](https://www.arkkapital.com/) (Stockholm, alternative lending provider for startups): €150M ($165M) in debt funding and €15M ($16.5M) in equity funding. The equity round was led by LocalGlobe, with participation from Creandum, Alliance Venture and angel investors such as Hjalmar Winbladh and Jacob de Geer ([English](https://tech.eu/2022/03/29/ark-kapital-raises-eur165-million-to-offer-long-term-alternative-financing-options/), [Swedish](https://www.di.se/digital/sa-ska-eqt-och-nordea-veteraner-fa-bolag-att-avsta-riskkapital/)).
- [Zimpler](https://www.zimpler.com/) (Stockholm, account to account payment solutions for merchants): undisclosed amount from Nordstjernan, for the international expansion ([English](https://www.finextra.com/pressarticle/92056/swedish-a2a-specialist-zimpler-raises-new-equity-funding-from-nordstjernan-growth), [Swedish](https://www.breakit.se/artikel/32513/nordstjernan-backar-zimpler-ska-ut-i-varlden) / *Breakit paywall*).
- Scania Growth Capital led a $6.7M Series A round raised byUK-based urban logistics technology company [Parcelly](https://parcelly.com/) ([English](https://postandparcel.info/147507/news/e-commerce/parcelly-on-an-exciting-journey-to-change-the-way-local-warehouses-are-sourced/)).

\>> 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**

- [Freja eID](https://frejaeid.com), Stockholm-based electronic ID provider, criticizes that most of the about 5000 Swedish services that require digital identification, only integrate with its competitor [BankID](https://www.bankid.com), instead of also offering Freja eID. The current situation is "creating a single point of failure" ([Swedish](https://frejaeid.com/ta-ansvar-for-sveriges-digitala-beredskap-och-infor-stod-for-fler-e-legitimationer/), [machine translation](https://frejaeid-com.translate.goog/ta-ansvar-for-sveriges-digitala-beredskap-och-infor-stod-for-fler-e-legitimationer/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- [Bumbee Labs](https://bumbeelabs.com/), Stockholm-based provider of intelligent footfall analytics, is expanding into Brazil - the company's first South American market - through a partnership with local Wi-Fi service provider [Mantis Tecnologia](https://mantistec.com.br/) ([English](https://bumbeelabs.com/2022/03/25/bumbee-labs-and-mantis-tecnologia-announce-partnership-to-provide-wi-fi-based-footfall-analytics-to-the-brazilian-market/)).
- The Swedish Authority for Privacy Protection hit [Klarna](http://www.klarna.com) with a SEK7.5M (€730K, $800K) GDPR fine. The company says it wants to appeal against the decision ([Swedish](https://computersweden.idg.se/2.2683/1.764422/otydlig-information-fran-klarna--far-gdpr-bot-pa-75-miljoner), [machine translation](https://computersweden-idg-se.translate.goog/2.2683/1.764422/otydlig-information-fran-klarna--far-gdpr-bot-pa-75-miljoner?%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**

- German [AlphaQ Venture Capital](https://www.aqvc.com/) (AQVC) launched a venture capital fund of funds with an initial target volume of €500M, for backing top-performing venture capital mostly in Europe ([English](https://tech.eu/2022/03/28/berlin-based-alphaq-venture-capital-launches-1-billion-fund/)).
- Investment into foodtech reached a record $12.8B in venture investment globally in 2021—double the amount a year earlier ([English](https://news.crunchbase.com/news/food-tech-summit-fake-meat-dairy-vc-startups-investment/)).
- Packy McCormick writes about the herd mentality behind "the current financial thing": The idea that a high interest rate, high inflation environment will kill growth companies and risk assets ([English](https://www.notboring.co/p/the-current-financial-thing)).

+++

That's it for today.