News November 7, 2024: Bovra, SCRIIN, Twelve Football, TrueDose, Tapeeze, Wayoo, Mediaflow, Truecaller, Y Combinator, RECOMA, EdAider, and more

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

Mergers & acquisitions

• The acquisition of Norwegian startup Medthings by publicly traded Swedish e-health company Medimi announced in early October, which would have been paid with newly issued Medimi shares, has been called off due to a "changed view among Medthing's Norwegian main shareholders" (Swedish, machine translation).

Funding news

⬜️ publicly traded

• Bovra (Stockholm, superapp for the home, founded 2021): SEK58M (€5M, $5.4M) from the same undisclosed angel investors that last year invested SEK42M in the startup. Bovra launched last year (Swedish / Breakit paywall). 📊 For 2023, Bovra reported a pre-tax loss of SEK44M. ℹ️ Company details added in January 2023 to the early-stage startup tracker page.
• SCRIIN (Stockholm, developer of solutions for schools and families helping them increase physical activity and find a healthy digital balance, founded 2017): SEK2.9M (€250K, $270K) grant from Svenska Postkodlotteriets Stiftelse (Swedish, machine translation). SCRIIN has only raised a small amount of equity funding in its early days. 📊 For 2023, SCRIIN reported net revenue of SEK1.7M, up 76% YoY, and a pre-tax profit of SEK0.3M.

Unannounced funding