> ## Content Index > Fetch the complete content index at: https://www.swedishtechnews.com/llms.txt > Use this file to discover other available public pages before exploring further. # News May 24, 2022: Photon Sports, Polestar, Klarna, Södra, founder-VC alignment, chicken-free eggs and more - URL: https://www.swedishtechnews.com/news-may-24-2022/ - Published: 2022-05-24T15:00:00.000Z - Updated: 2023-07-21T11:38:15.000Z - Description: Here is today's curation of news from Sweden's startup and tech sector, as well as some interesting reads, exclusively for subscribers of Swedish Tech News. - Author: Martin Weigert - Tags: Daily (PRO), Photon Sports, polestar, Klarna, Einride, Södra, pulsen group, Södra Ädla Here is today's curation of news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News. 💡 This post has been unlocked and made available for free a month after publication. [Subscribe to Swedish Tech News](https://www.swedishtechnews.com/#/portal/signup) 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](http://www.twitter.com/martinweigert). Or, if you prefer a **free weekly newsletter**, [subscribe to Swedish Tech Weekly](https://swedishtechweekly.com/)! **Funding news** - [Photon Sports](https://photonsports.se/) (Skellefteå, mobile performance tracking solution to optimise sports training): SEK19M (€1.8M, $1.9M) from Pulsen Group ([Swedish](https://www.breakit.se/artikel/33158/photon-sports-hjalper-hela-damallsvenskan-nu-ska-de-gasa-ut-i-europa-med-nya-miljoner), [machine translation](https://www-breakit-se.translate.goog/artikel/33158/photon-sports-hjalper-hela-damallsvenskan-nu-ska-de-gasa-ut-i-europa-med-nya-miljoner?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). - Swedish EV maker [Polestar](https://www.polestar.com) invests an undisclosed amount in Israel-based EV battery startup [StoreDot](https://www.store-dot.com/), as part of a strategic partnership ([English](https://electrek.co/2022/05/24/polestar-forms-a-strategic-partnership-with-ultrafast-battery-maker-storedot/)). \>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. [Request access](https://docs.google.com/spreadsheets/d/1a4JfphPOita15GMQBONzOHQwtkClDHubEkMkpF1b8eM/edit?usp=sharing). **News from Swedish startups, the tech sector and VCs** - [Klarna](http://www.klarna.com) is laying off 700 employees, representing 10% of the workforce ([English](https://techcrunch.com/2022/05/23/klarna-lays-off-10-of-its-workforce/)). Here's the official announcement by CEO Sebastian Siemiatkowski ([English](https://www.klarna.com/uk/blog/company-announcement-from-ceo-sebastian/)). The company is also reporting a loss of -SEK2.5B (€240M, $250M) for Q1 2022, compared to -SEK0.8B for Q1 2021\. Free cashflow was at a negative -SEK7.3B during Q1 2022 ([Swedish](https://www.breakit.se/artikel/33165/forlusterna-rusar-for-klarna-tappar-over-2-miljarder-pa-tre-manader), [machine translation](https://www-breakit-se.translate.goog/artikel/33165/forlusterna-rusar-for-klarna-tappar-over-2-miljarder-pa-tre-manader?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). Meanwhile, Swedish labor unions are unhappy that Klarna didn't talk to them before deciding about job cuts ([Swedish](https://www.breakit.se/artikel/33171/klarna-meddelade-inte-facket-om-uppsagningarna-trots-lagen-vi-ar-valdigt-upprorda), [machine translation](https://www-breakit-se.translate.goog/artikel/33171/klarna-meddelade-inte-facket-om-uppsagningarna-trots-lagen-vi-ar-valdigt-upprorda?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). - [Einride](http://www.einride.tech) orders 110 electric trucks from Scania. The fleet will be built to Einride's hardware specifications and powered by their first of its kind operating system Saga ([English](https://evertiq.com/news/51888)). - In Q1 2022, Swedish e-commerce revenue dropped by 8% compared to the record Q1 2021 ([Swedish](https://www.market.se/handelsplatser/logistik/forvantat-tapp-for-e-handeln-apoteksbranschen-gar-mot-strommen/), [machine translation](https://www-market-se.translate.goog/handelsplatser/logistik/forvantat-tapp-for-e-handeln-apoteksbranschen-gar-mot-strommen/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). - Swedish forest industry group [Södra](https://www.sodra.com/) is launching an investment vehicle to invest a total of SEk200M (€19M, $20M) in around 20 startups with relevance to the forest sector ([Swedish](https://www.di.se/digital/skogsjatten-startar-riskkapitalverksamhet/) / *DI Digital paywall*). **Other interesting things from the startup/VC world & beyond** - Based on new survey data, founders and VCs should have more discussions and alignment on expectations at the start of their relationship ([English](https://blog.creandum.com/do-vcs-add-value-4-years-later-the-answer-remains-sometimes-49c53a8865b4)). - A survey with responses from 34 VCs investing in Europe shows money is still flowing, but investors are more careful ([English](https://sifted.eu/articles/vc-caution-valuation-survey/) / *Sifted soft paywall*, [alternative URL](https://archive.ph/bVLEv)). - Eric Byrenius of Swedish early-stage foodtech micro fund [Trellis Road](https://trellisroad.com/) published an analysis of the chicken-free egg space ([English](https://medium.com/trellis-road/cracking-into-the-chicken-free-egg-space-46c95c29a7ae)). **Other interesting things from Sweden** - The Swedish government aims to cull the country's wolf population by as much as half ([English](https://www.theguardian.com/world/2022/may/24/sweden-aims-to-cull-wolf-population-by-as-much-as-half)). +++ That's it for today.