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# News November 10, 2022: Storytel, Finch, Habity, Cooach, Kavall, Acast, Volumental, Pagero and more
- URL: https://www.swedishtechnews.com/news-november-10-2022/
- Published: 2022-11-10T16:00:44.000Z
- Updated: 2023-08-13T12:15:24.000Z
- Description: Here are today's news from Sweden's startup and tech sector, sent as daily email newsletter exclusively to subscribers of Swedish Tech News.
- Author: Martin Weigert
- Tags: Daily (PRO), finch, habity, cooach, Kavall, Acast, Volumental, pagero, storytel, Inventure, Nordea Startup & Growt, Creandum

Here are today's 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

- [Storytel](https://www.storytel.com/) (publ) (Stockholm, audiobook and ebook subscription service): SEK400M (€37M, $37M) through a directed share issue ([English](https://news.cision.com/storytel/r/storytel-has-completed-a-directed-share-issue-to-existing-and-new-investors-and-thereby-raises-gross,c3664632)).
- [Finch](https://finch3d.com/) (Malmö, SaaS design tool for architects): €2.5M ($2.5M) in a funding round led by Inventure, with participation from angel investors Peter Neubauer and Emil Sjödin ([English](https://medium.com/@pamelanunezw/finch-secures-2-5-8c6bf6512c7b), [Swedish](https://www.breakit.se/artikel/34994/finch-vill-minska-strulet-i-byggbranschen-nu-far-de-in-26-miljoner)).
- [Habity](https://www.habity.co/) (Stockholm, web app that aims to simplify housing): SEK5M (€460K, $460K) from undisclosed investors ([Swedish](https://www.di.se/digital/app-med-90-000-bostader-later-saljarna-skippa-maklare/), [machine translation](https://www-di-se.translate.goog/digital/app-med-90-000-bostader-later-saljarna-skippa-maklare/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- [Cooach](https://cooach.io/) (Stockholm, Growth as a Service platform for scaleups): undisclosed amount in debt funding ("growth loan") from Nordea Startup & Growth ([English](https://cooach.io/en/blog/cooach-strengthens-its-cash-position-with-a-growth-loan-from-nordea-startup-growth/)).
- Creandum led a $15M Series A round raised by Norwegian startup [Enode](https://www.enode.io/), which is enabling energy companies to integrate EVs, thermostats, solar inverters and other energy hardware directly into their apps ([English](https://tech.eu/2022/11/10/2021-y-combinator-alum-enode-plugs-into-15-million-eyes-us-market/)).

\>> Daily updated, subscriber-exclusive [Google sheet](https://docs.google.com/spreadsheets/d/19CzBwRojH%5FK8zin277bpLJ8KCgEUp2AWw%5F%5FJuFUujAs/edit?usp=sharing) with all funding rounds raised by private Swedish startups and scaleups. 

### News from Swedish startups, the tech sector and VCs

- [Kavall](http://kavall.co/), Stockholm-based hyper-local rapid grocery delivery service, is testing a physical ordering button with a "limited number of users". The button, when pressed, randomly selects a recipe and has the ingredients delivered by bike in around 10 minutes ([English](https://www.theverge.com/apps/2022/11/9/23449494/kavall-grocery-delivery-random-grocery)).
- Podcasting platform [Acast](http://www.acast.com) is launching its presence in the Netherlands ([English](https://www.acast.com/blog/news/acast-launches-presence-in-the-netherlands-with-meer-van-dit)).
- [Shein](https://www.shein.se/), the Chinese e-commerce giant, will operate a popup store at Stockholm's Sveavägen between Nov 14 and 20 ([Swedish](https://www.market.se/handelsplatser/etablering/e-handelsjatten-shein-oppnar-pop-up-butik-i-stockholm/), [machine translation](https://www-market-se.translate.goog/handelsplatser/etablering/e-handelsjatten-shein-oppnar-pop-up-butik-i-stockholm/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).

### Swedish tech earnings reports

- [Volumental](https://volumental.com/) (Stockholm, developer of 3D foot scanning technology) increased its 2021 revenue to SEK60M (from SEK54M in 2020), while generating a loss of -SEK9.1M, compared to -SEK7.5M in 2020 ([Swedish](https://www.breakit.se/artikel/34990/volumental-vill-gora-skokopen-perfekta-dubblar-och-oppnar-pa-jattemarknaden), [machine translation](https://www-breakit-se.translate.goog/artikel/34990/volumental-vill-gora-skokopen-perfekta-dubblar-och-oppnar-pa-jattemarknaden?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- [Pagero](https://www.pagero.com/) (publ) (Gothenburg, global network for automated purchase-to-pay and order-to-cash) published its Q3 interim report ([English](https://news.cision.com/pagero-ab/r/pagero-publishes-interim-report-for-q3-2022--continued-delivery-according-to-plan,c3664050)).

### Other interesting things from the startup/VC world & beyond

- Sequoia marked down its stake in collapsed cryptocurrency exchange FTX to zero — a stake that, as of last week, likely represented among the most sizable unrealized gains in the venture firm’s 50-year history ([English](https://techcrunch.com/2022/11/09/sequoia-capital-marks-its-ftx-investment-down-to-zero-dollars/)).
- Amazon has reportedly become the first public company whose market cap has dropped by $1 trillion ([English](https://www.pymnts.com/amazon/2022/slowdown-in-ecommerce-contributes-to-amazon-losing-1t-in-market-value/)).

### Other interesting things related to Sweden

- Volvo unveiled its flagship electric vehicle EX90, a seven-passenger SUV loaded with sensors and software ([English](https://techcrunch.com/2022/11/09/volvo-unveils-flagship-suv-with-370-mile-range/)).

+++

That's it for today.