2 min read Daily

News November 18, 2022: Lucero Bio, Perspetivo, Quinyx, Safello and more

Here are today's news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.

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Funding news

  • Lucero Bio (Gothenburg, automated 3D cell culture handling platform): €1.3M ($1.3M) Transition grant from the European Innovation Council, EIC (English).
  • Perspetivo (Stockholm, representative panel research platform): SEK2.5M (€230K, $235K) from angel investors Toni Nijm, Maha Bouzeid and Anna Schauman (Swedish, machine translation).

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

News from Swedish startups, the tech sector and VCs

  • Quinyx, Stockholm-based provider of workforce management solutions, is laying off 35 employees, or around 9% of its staff. Last year, the company grew revenue by 30% to SEK307 (€28M, $28M), while generating -SEK110M in loss after taxes (Swedish / Breakit paywall, Swedish #2, machine translation).
  • In response to collapse of major international crypto exchange FTX, Stockholm-based crypto broker Safello launched a "proof of reserves" page that displays the company’s holdings of cryptocurrencies held on behalf of customers (English).
  • Di Digital launched the annual reader votes for "Sweden's most important female entrepreneur" (Swedish, machine translation) and "Sweden's most important female investor" (Swedish, machine translation).
  • "Klarna aims to be profitable on a monthly basis at some point after summer 2023", says CEO and co-founder Sebastian Siemiatkowski (Swedish / Di Digital paywall).
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This week, I've added 14 new Swedish early-stage tech startups to my subscriber-exclusive tracker. Click here to see a brief profile of each (log in with your subscriber email).

Swedish tech earnings

  • Safello (Stockholm, crypto broker) published its Q3 2022 interim report (English).

Other interesting things from the startup/VC world & beyond

  • Crypto dominoes fall in the wake of FTX's collapse (English).
  • Suggestions for what not to say to someone who has just been laid off (English).
  • What investors are looking for at the pre-seed level (English).
  • Some short Friday serendipity read: The seven levels of being busy (English).
  • Stockholm bets on carbon capture to hit net zero (English).
  • Chinese EV startup Nio, which differentiates itself from its rivals by offering swappable batteries, launched its first power-swapping station in Sweden, located in Varberg near Gothenburg (English).

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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: m@swedishtechnews.com
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