News May 23, 2022: Convini, Monu, Budbee, Einride, Truecaller, RIX-INST 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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Mergers & acquisitions

  • Convini (Stockholm, operator of smart food and beverage vending machines for offices) acquires bankrupt Germany-based competitor HelloFreshGo (spun off of HelloFresh in 2018) for an undisclosed amount (Swedish, machine translation).
  • Monu (Stockholm, B2B open banking platform for distribution of fixed income products) is being acquired by Stockholm-based property management and residential services company Odevo. Financials were not disclosed (Swedish, machine translation).

Funding news

  • Budbee (Stockholm, last-mile logistics for e-commerce): SEK400M (€38M, $40M) from existing investors Kinnevik, H&M, AMF, Flat Capital and others, as well as from its employees, at a valuation of SEK7.3B (English, Swedish).

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News from Swedish startups, the tech sector and VCs

  • Einride held its first ever "Mesh" conference in Gothenburg, where the intelligent trucking startup presented an impressive looking battery electric trailer (English).
  • Truecaller looks to get competition in its main market India: The country's Telecom Regulatory Authority TRAI is reportedly planning to build its own rival (English).

Other interesting things from the startup/VC world & beyond

  • The 17 European startups selected by Sequoia’s accelerator - none from Sweden (English / Sifted soft paywall, alternative URL).

Other interesting things from Sweden

  • Sweden's Cental Bank (Riksbanken) launches service for instant payments between banks RIX-INST (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: