News March 7: Vinden, Albert, Insert Coin, Team Together, API-First Index and more

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

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Mergers & acquisitions

  • Vinden (Stockholm, on-demand storage service) acquired Norwegian competitor Kubert for an undisclosed amount (Norwegian, machine translation).
  • Albert (Gothenburg, digital learning subscription service for kids and teens) acquired Scottish edtech startup Sumdog for £6.85M (€8.3M, $9M), with a possible additional purchase price of a maximum of £2M during 2022-2023 (English).

Financing rounds

No announced funding news today, but here is a new exclusive subscriber feature: A daily updated Google sheet with all funding rounds raised by private Swedish startups and scaleups. Request access here.

News from Swedish startups, the tech sector and VCs

  • Insert Coin, Gothenburg-based provider of digital gamification solutions, says the number of users on its platform across all customers grew from 1.5M to 10M last year. This month, the startup plans to close a SEK50M (€4.6M, $5M) funding round (Swedish, machine translation).
  • Team Together is a Stockholm-based startup founded in 2018 that wants to make it easier for consumers to donate to non-profit organizations while shopping online. Its founder Enger Karlson, born in 2000, just received a scholarship of SEK200K from The Anders Wall Foundation (English).
  • The Swedish government wants to help deeptech startups when navigating through the complex application procedures for the sometimes very attractive EU funding schemes (English).
  • 40 companies from EU countries are part of the latest Y Combinator batch, among them one Swedish startup: The employee well-being platform Nudge Labs (English / Sifted soft paywall, alternative URL).
  • Creandum's list for startups with practical steps for supporting their teams in the Ukraine (English).

Other interesting things from the startup/VC world & beyond

  • Global VC firm GGV Capital published the API-First Index - a ranking of the top 50 API-centric private companies based upon total funding raised (English).
  • A look at Norway's current startup growth stories and potential next unicorns (English).

Other interesting things from Sweden

  • The average new car registered in Sweden in 2021 generated 88,3 grams of carbon dioxide per kilometer, which is 21% less than in 2020 - thanks to the rise of EVs (Swedish, machine translation).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm