News May 31: Capitainer, Turnpike, Favro, Telcred 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

  • Capitainer (Stockholm, solutions for home blood sampling): SEK34M (€3.2M, $3.5M) in a funding round led by Sciety, with participation from "existing and new industry specialist investors" (English, Swedish).
  • Turnpike (Stockholm, wearable platform for managers and retail front-line staff): SEK28M (€2.7M, $2.9M) from angel investors Johan Dennelind, Thomas Franzén and Shervin Razani, for the continued international expansion (English, Swedish).
  • Favro (Uppsala, collaborative planning app for SaaS and live games companies): €300K ($320K) from Capitalia in an extension of the $4.3M seed round raised in December (English).
  • Telcred (Stockholm, provider of access control as a service): undisclosed amount from Klint Ventures (English).

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News from Swedish startups, the tech sector and VCs

  • Klarna CEO Sebastian Siemiatkowsk is sharing the sheet in which more than 500 laid off Klarna employees entered their contact details, through his social media channels (English).
  • 96,000 people in Sweden are employed in the iOS app ecosystem, according to Apple (Swedish, machine translation).

Other interesting things from the startup/VC world & beyond

  • A manager’s guide to helping teams face down uncertainty, burnout and perfectionism (English).

Other interesting things from Sweden

  • The H&M Group will pilot smart mirrors in Cos stores in the US (English, Swedish).


That's it for today.

Martin Weigert

Martin Weigert