News May 17: 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.  

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).

>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. Request access.

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