News May 17, 2022: MatHem, Kry, Volumental, Acast, SaveLend 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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Funding news

  • MatHem (Stockholm, online grocery store): SEK500M (€48, $50M) from existing investors, among them Kinnevik, Axfood, Verdane and AMF, as well as undisclosed new investors (Swedish, machine translation).

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News from Swedish startups, the tech sector and VCs

  • Digital healthcare provider Kry plans to lay off around 100 employees (or 10%) of its office workforce (Swedish, machine translation).
  • Stockholm-based startup Volumental, 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, machine translation).
  • 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 / DI Digital paywall, Swedish #2, machine translation).

Swedish tech earnings reports

Other interesting things from the startup/VC world & beyond

  • Germany-based Earlybird VC closes new €350M fund for Western European startups, with a deeptech angle (English).
  • A16Z framework for navigating down markets (English).
  • The upside of a downturn (English).

Other interesting things from Sweden

  • For the first time ever, more EVs are being sold in Sweden than cars with internal combustion engine (Swedish, machine translation).
  • Volvo Trucks will open its first battery assembly plant, in Belgium (English).


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: