News May 10: Lägenhetsbyte.se, Mynt, Anyone, Norgald and more

Here is today's curation of news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.

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Mergers & acquisitions

  • Lägenhetsbyte.se (Stockholm, Sweden's largest apartment swapping service) is selling 55% of the company to Swedish investment firm Bragnum Invest (apparently no website), for a reported SEK80M (€7.5M, $8M), according DI Digital (Swedish / DI Digital paywall, Swedish #2, machine translation).

Funding news

  • Mynt (Stockholm, provider of smart corporate credit cards and spend management to SME): SEK150M (€14M, $15M) in a funding round led by CNI Nordic, with participation from existing investor Luminar Ventures, as well as new angel investors Fredrik Österberg and Rutger Arnhult. According to DI Digital, the deal values Mynt at more than SEK500M (English, Swedish).

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News from Swedish startups, the tech sector and VCs

  • Vogue Business profiles Stockholm-based social audio app startup Anyone, which wants to democratise career mentorship, and which currently is onboarding various execs from the fashion industry - thus, the profile in Vogue (English).
  • Gothenburg-based cybersecurity startup Norgald is developing software to identify critical components and vulnerabilities in IT and OT components, with an initial focus on power grid systems (Swedish, machine translation).
  • More than 1 million Swedes had an active audio book subscription during Q1 2022, 280,000 more than one year ago (Swedish, machine translation).
  • Sara Myrenfors is new Stockholm-based investment manager at Schibsted Ventures (Swedish, machine translation).

Other interesting things from Sweden

  • Philip Morris says it's in talks to buy the maker of smokeless tobacco products Swedish Match for $16B (English / Bloomberg paywall, alternative URL).
  • As announced in March, Swedish major bank SEB has now finally activated Apple Pay for its payment cards (Swedish, machine translation).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm