> ## Content Index > Fetch the complete content index at: https://www.swedishtechnews.com/llms.txt > Use this file to discover other available public pages before exploring further. # News May 17, 2022: MatHem, Kry, Volumental, Acast, SaveLend and more - URL: https://www.swedishtechnews.com/news-may-17-2022/ - Published: 2022-05-17T15:00:00.000Z - Updated: 2023-07-21T11:36:37.000Z - 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), Mathem, Kry, Volumental, Acast, savelend, Kinnevik, Axfood, Verdane, AMF Here is today's curation of news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News. 💡 This post has been unlocked and made available for free a month after publication. [Subscribe to Swedish Tech News](https://www.swedishtechnews.com/#/portal/signup) 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](http://www.twitter.com/martinweigert). Or, if you prefer a **free weekly newsletter**, [subscribe to Swedish Tech Weekly](https://swedishtechweekly.com/)! **Funding news** - [MatHem](https://www.mathem.se/) (Stockholm, online grocery store): SEK500M (€48, $50M) from existing investors, among them Kinnevik, Axfood, Verdane and AMF, as well as undisclosed new investors ([Swedish](https://www.mynewsdesk.com/se/mathem/pressreleases/mathem-har-genomfoert-en-nyemission-om-500-miljoner-kronor-3182481?utm%5Fsource=rss&utm%5Fmedium=rss&utm%5Fcampaign=Alert&utm%5Fcontent=pressrelease), [machine translation](https://www.mynewsdesk.com/se/mathem/pressreleases/mathem-har-genomfoert-en-nyemission-om-500-miljoner-kronor-3182481?utm%5Fsource=rss&utm%5Fmedium=rss&utm%5Fcampaign=Alert&utm%5Fcontent=pressrelease)). \>> 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** - Digital healthcare provider [Kry](https://www.kry.se/) plans to lay off around 100 employees (or 10%) of its office workforce ([Swedish](https://www.di.se/digital/sparpaket-pa-kry-varslar-100-personer/), [machine translation](https://www-di-se.translate.goog/digital/sparpaket-pa-kry-varslar-100-personer/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). - Stockholm-based startup [Volumental](https://volumental.com/), which generates shoe recommendations through a combination of 3D foot scans, retail purchase data and AI, and targets retailers, is switching to a subscription model even for its scanning hardware, and expands into the Chinese market ([Swedish](https://www.di.se/digital/svenska-ai-bolaget-expanderar-till-kina/), [machine translation](https://www-di-se.translate.goog/digital/svenska-ai-bolaget-expanderar-till-kina/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). - The launch of Stockholm city's own shared e-bike system appears to be rather chaotic, with issues ranging from delayed delivery, to technical problems, to rider expectations that the service doesn't live up to ([Swedish](https://www.di.se/digital/anvandare-rasar-over-stockholms-lanecyklar/) / *DI Digital paywall*, [Swedish #2](https://www.breakit.se/artikel/33084/stokig-premiar-for-stockholms-elcyklar-absolut-inte-bra), [machine translation](https://www-breakit-se.translate.goog/artikel/33084/stokig-premiar-for-stockholms-elcyklar-absolut-inte-bra?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). **Swedish tech earnings reports** - [Acast](http://www.acast.com) (Stockholm, podcasting company): [English](https://investors.acast.com/press-releases/q1-we-accelerate-in-north-america-as-european-advertisers-take-a-measured-approach). - [SaveLend](https://savelend.com/) (Stockholm, p2p lending platform): [English](https://www.marketscreener.com/quote/stock/SAVELEND-GROUP-AB-PUBL-122799239/news/Interim-Report-Q1-2022-for-SaveLend-Group-AB-publ-40449672/). **Other interesting things from the startup/VC world & beyond** - Germany-based [Earlybird VC](https://earlybird.com/) closes new €350M fund for Western European startups, with a deeptech angle ([English](https://techcrunch.com/2022/05/17/earlybird-vc-closes-new-e350m-fund-for-western-european-startups-with-a-deeptech-angle/)). - A16Z framework for navigating down markets ([English](https://future.a16z.com/framework-valuation-navigating-down-markets/)). - The upside of a downturn ([English](https://medium.com/lightspeed-venture-partners/the-upside-of-a-downturn-9219ea4b26a2)). **Other interesting things from Sweden** - For the first time ever, more EVs are being sold in Sweden than cars with internal combustion engine ([Swedish](https://www.dagensps.se/motor/milstolpe-elbilar-kor-om-fossila-bilar/), [machine translation](https://www-dagensps-se.translate.goog/motor/milstolpe-elbilar-kor-om-fossila-bilar/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). - Volvo Trucks will open its first battery assembly plant, in Belgium ([English](https://www.marketwatch.com/story/volvo-trucks-to-open-new-battery-assembly-plant-in-belgium-271652773525)). +++ That's it for today.