News May 23: 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).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm