News May 19, 2022: inriver, Curus, iCellate, Klarna, Checkin.com 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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Subscribe to Swedish Tech News 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.
Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!
Funding news
- inriver (Malmö, product information management solution for businesses): SEK4B (€380M, $400M) in a growth funding round from Thomas H. Lee Partners and existing investor Verdane. A small, undisclosed part of the total amount is being used to buy out existing investors (English, Swedish / DI Digital paywall).
- Curus (Stockholm, investment company for digital health sprung from Add Health Media’s investment arm): SEK136M (€13M, $13.6M) in a funding round led by Alfvén & Didrikson, with participation from angel investors Stefan Bengtsson, Christian Dahlberg, Alexander Stendahl and David Sandström (English, Swedish / DI Digital paywall).
- iCellate (Stockholm, developer of tests for hereditary cancer risk, early cancer detection, and treatment selection): SEK20M (€1.9M, $2M) from undisclosed new as well as existing 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
- Klarna is aiming to raise up to $1B from new and existing investors in a deal that could value it in the low $30B-range post-money, according to the WSJ. That would represent a roughly 30% drop from the previous round (English / WSJ paywall, alternative URL, Swedish).
Swedish tech earnings reports
- Checkin.com (Stockholm, provider of registration flow solutions for online services): English.
Other interesting things from the startup/VC world & beyond
- Sifted spoke to investors and analysts about how the downturn is impacting investment rounds and European startup valuations (English / Sifted soft paywall, alternative URL).
- Y Combinator advises founders to "plan for the worst" amid market teardown (English).
Other interesting things from Sweden
- Tesla is expanding its pilot program that lets owners of other EV brands use Tesla's Superchargers to Sweden (English, Swedish).
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That's it for today.
