News March 9:, Acamp, Nothing, Insurely, Truecaller, Dance 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

  • (Stockholm, digital healthcare provider) acquired Gothenburg-based, operator of digital care services for several diagnoses that do not need sampling or physical examination to be determined. Financials were not disclosed (English).
  • Acamp (Stockholm, campsite marketplace) acquired Swedish camping app Ställplatser from Borås-based app developer Greenstream Apps. Ställplatser reportedly has over 100,000 active users. Financials were not disclosed (English).

Financing rounds

  • Insurely (Stockholm, open insurance platform): SEK190M (€17.6M, $19.4M) in a Series A round led by Insight Partners, with participation from Alfvén & Didrikson, and existing investors Luminar Ventures, Philian, and Neptunia Invest. The company will use the funds to scale the business into new markets in Europe (English, Swedish).
  • EQT Ventures co-led a $70M Series B round raised by UK-based consumer tech company Nothing, founded by Swedish entrepreneur Carl Pei (English).
  • EQT Growth led a $125M Series D round raised Norwegian enterprise architecture Ardoq (English).

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News from Swedish startups, the tech sector and VCs

  • According to an investigative report, Truecaller's massive user growth in India is built on "rather dubious grounds" by having exploited India’s lack of a comprehensive legal framework surrounding data protection (English).
  • Dance, the startup co-founded by the former SoundCloud founders Eric Quidenus-Wahlforss and Alexander Ljung in Berlin, is expanding into several European cities, though no word on a possible launch in Sweden yet (English).

Other interesting things from the startup/VC world & beyond

  • Partners at Tiger Global have committed $1B of their own cash to invest in seed funds (English).
  • The U.S. market for new IPOs is heading for its slowest period since the financial crisis over a decade ago (English / Bloomberg paywall, alternative URL).
  • Which startups should consider an embedded finance offering and how to get from decision to launch (English).

Other interesting things from Sweden

  • Anders Tegnell, architect of Sweden's light-touch COVID response, gets job at WHO (English / Bloomberg paywall, alternative URL).


That's it for today.

Martin Weigert

Martin Weigert