News May 19, 2022: 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

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: