News November 30, 2022: Leyr, OmMej, Logcast, Spotify, Acast, AIM, KiddoKitchen, Klarna 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

  • Leyr (Stockholm, API platform for healthtech startups): €600K ($620K) in a pre-seed round led by (Swedish, machine translation). The article didn't mention the name of the VC, but Leyr CEO and co-founder Helena Holma confirmed to me that it's
  • OmMej (Malmö, platform for public agencies to assess children's mental health): SEK5.5M (€500K, $530K) from Almi Invest, Helmer Hagman, BB5, Victineodor Ventures, Acantor and JNN Consulto (Swedish, machine translation).
  • Update to PlayMaker's funding round covered yesterday: According to a Breakit article published after yesterday's newsletter went out, the amount raised is SEK4M (€370K, $380K) (Swedish, machine translation).
  • In a follow-on investment, EQT Ventures participated in a $23M Series A round raised by UK-based fintech TreeCard, which aims to plant trees with card payments (English).
  • In a follow-on investment, Norrsken Foundation participated in a $3.4M seed round raised by Nigerian food tech platform Orda (English).

>> 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

  • Logcast, Stockholm-based social network for audio creators and their fans, scored a partnership with Spotify: Through an integration to be rolled out in Sweden and then worldwide starting from January, creators can record talk content on Logcast, set a price and release it to Spotify, where fans can pay to unlock and stream it (English, Swedish).
  • Spotify, meanwhile, released its popular and usually quite viral annual Wrapped review showcasing what users have been listening to throughout the year (English).
  • Acast launched a self-serve advertising platform for small and medium sized businesses as well as podcasters who want to advertise (English).
  • ArK Kapital, Stockholm-based alternative lending provider for startups, launched its internal AI-driven forecasting platform as public service, named AIM. It is initially available to companies in Sweden, Denmark, Finland, the Netherlands, and the UK, with more markets following soon (English, Swedish).
  • KiddoKitchen is a new bootstrapped Stockholm-based startup founded by Linn Thulin and Molly Gyllenkrok, which has launched a mobile app to simplify baby meals (Swedish, machine translation).
  • After a significant workforce cut in June, more employees are reportedly being laid off at Tipser. The Stockholm-based embedded commerce solution was acquired by US-based checkout technology company Bolt in December 2021 (Swedish / Breakit paywall).
  • Lidong Zhang, Chairman of TikTok owner ByteDance, is/was in Stockholm. According to a photo posted on LinkedIn, he met up with the Swedish investment firm eEquity (English).

Swedish tech earnings

  • Klarna published its Q3 financial numbers and says it made “huge progress” towards profitability, even though the company reported a net loss of SEK2.1B (€190M, $200M) for the latest three-month period compared with SEK1.1B a year earlier. However, Klarna reduced its operating losses by $169M (42%) between Q2 and Q3 this year (English, Swedish).

Other interesting things from the startup/VC world & beyond

  • What happens to stock options if a startup employee is laid off (English)?
  • Thanks to recent advances in AI, there's a huge opportunity for startups to capture value in the massive productivity market by owning the UX and prompt engineering layer (English).
  • Sweden ranks first in Europe and third globally in this year’s Network Readiness Index (English).
  • In a pilot project, a self-driving truck (carrying a safety driver) from Scania is currently maneuvering a stretch of some 300 kilometers between the cities of Södertalje and Jönkoping, delivering fast-food goods (English).
  • Researchers at Gothenburg's Chalmers University have initiated a year-long study on the charging and driving habits of Swedish EV owners (Swedish, machine translation).


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: