News March 9, 2022:, 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.

This post has been unlocked and made available for free a month after publication.

Subscribe to Swedish Tech News to get access to a daily newsletter that brings you a brief overview of news from the Swedish startup & tech sector, curated by Martin Weigert.

Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!

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).

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

  • 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

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: