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).
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).


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: