News May 18: Treyd, GoPlany, Northvolt, VOI, Vässla, CAKE, Flowscape and more

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

>>> Receive a daily newsletter with the latest updates from the Swedish startup & tech sector, curated by Martin Weigert. Try it out one month for free, cancel anytime. Subscribe here.  

If you prefer a weekly newsletter, sign up for Swedish Tech Weekly.

Funding news

  • Treyd (Stockholm, buy now pay later platform for trade financing): SEK100M (€10M, $10M) in a Series A funding round led by Nineyards Equity, with participation from Zenith Venture Capital, previous investors J12, Njord Ventures and DHS Ventures, as well as angel investors Magnus Rausing, Lars Lindgren and Stefan Lindeberg. The money will partly be used for the UK expansion (English, Swedish / DI Digital paywall).
  • GoPlany (Stockholm, budget planning solution for film production teams): SEK3.4M (€320K, $340K) from angel investors, among them Peder Dinkelspiel, Sara and Mårten Forste, and Eva Engelbert (English, Swedish).

>> 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

  • Northvolt made the first commercial battery deliveries from its Skellefteå plant to an automaker (English).
  • VOI published an open letter addressed at Sweden's Minister for Infrastructure Tomas Eneroth, arguing against plans for regulation which would drastically limit where users can park and pick up their e-scooters (Swedish, machine translation).
  • Stockholm-based Vässla launches its e-bike subscription service in Paris (Swedish, machine translation).
  • A review of Ösa, the electric motorcycle "utility platform" / rolling workbench launched by Stockholm-based electric motorcycle startup CAKE (English).

Swedish tech earnings reports

Other interesting things from the startup/VC world & beyond

  • Revolut’s billionaire founder Nik Storonsky is launching an "AI-powered" VC fund QuantumLight (English / Forbes paywall, alternative URL).
  • The 4 startup states during a recession: "Chewing Gravel", "Time to Strategize", "Go Big or Go Profitable" and "The World is Your Oyster" (English).

+++

That's it for today.

Martin Weigert

Martin Weigert

Stockholm