News May 19: inriver, Curus, iCellate, Klarna, 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

  • 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).

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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

  • (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).


That's it for today.

Martin Weigert

Martin Weigert