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News November 4, 2022: Acast, Moli, Cleantech for Nordics, Teenage Engineering 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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Slow news day today (and "half day" in Sweden due to public holiday tomorrow). No acquisition or funding announcements to report.

News from Swedish startups, the tech sector and VCs

  • Acast, Stockholm-based podcasting company, scored a deal with Amazon: The giant has purchased all the ad inventory across thousands of Acast podcasts in order to offer them ad-free to Prime members and Amazon Music Unlimited subscribers (English, Swedish).
  • Moli, Stockholm-based live-streaming app that put its hopes into mobile screen sharing and last year raised an undisclosed amount of funding, has shut down (Swedish / Breakit paywall).
  • Cleantech for Nordics is a newly launched coalition of investors and others working towards the Nordic region becoming a global hotbed for cleantech innovation. Among members are Almi Invest, Norrsken VC, Baseload Capital and Verdane. The initiative is supported by Bill Gates' Breakthrough Energy (English / PDF, Swedish, machine translation).
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This week, I've added 20 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), including founder names & LinkedIn URLs.

Other interesting things from the startup/VC world & beyond

  • Danish fintech Pleo cuts workforce by 15%, representing 150 jobs (English).
  • There's dry powder: VC funds raised $151B in the first three quarters of this year, exceeding any prior full-year fundraising (English / WSJ paywall, alternative URL).
  • The pros and cons of being a repeat founder (English).
  • Swedish sound gadget maker Teenage Engineering has released its first ... beer! It's available at Systembolaget stores (the Swedish alcohol monopoly) (English).
  • Pia Gruvö, crypto strategist at the Swedish Armed Forces, is now one out of 14 global "crypto officers" who hold literal keys to the internet (Swedish, machine translation).

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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
Stockholm