News May 31, 2022: 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).

>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. Request access.

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

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: