> ## Content Index > Fetch the complete content index at: https://www.swedishtechnews.com/llms.txt > Use this file to discover other available public pages before exploring further. # News October 27, 2022: Instabee, Astrid, Ovulai, Radinn, byWiT, Bambuser and more - URL: https://www.swedishtechnews.com/news-october-27-2022/ - Published: 2022-10-27T15:00:24.000Z - Updated: 2024-11-28T10:20:41.000Z - Description: Here are today's news from Sweden's startup and tech sector, sent as daily email newsletter exclusively to subscribers of Swedish Tech News. - Author: Martin Weigert - Tags: Daily (PRO), instabox, budbee, Astrid, ovulai, radinn, byWiT, bambuser, instabee, Norrsken VC Here are today's news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News. 💡 This post has been unlocked and made available for free a month after publication. [Subscribe to Swedish Tech News](https://www.swedishtechnews.com/#/portal/signup) to get access to a **daily newsletter** that brings you a brief overview of news from the Swedish startup & tech sector, curated by [Martin Weigert](http://www.twitter.com/martinweigert). Or, if you prefer a **free weekly newsletter**, [subscribe to Swedish Tech Weekly](https://swedishtechweekly.com/)! ### Funding news - Norrsken VC participated in a $10M Series A round raised by US-based personal carbon-cutting app [Joro](https://www.joro.app/) ([English](https://techcrunch.com/2022/10/27/personal-carbon-cutting-app-joro-raises-10m-series-a-from-sequoia-jay-zs-arrive/)). The startup is on the Norrsken Foundation's recently published [Impact 100 list](https://www.norrsken.org/impact100). \>> Daily updated, subscriber-exclusive [Google sheet](https://docs.google.com/spreadsheets/d/19CzBwRojH%5FK8zin277bpLJ8KCgEUp2AWw%5F%5FJuFUujAs/edit?usp=sharing) with all funding rounds raised by private Swedish startups and scaleups. ### News from Swedish startups, the tech sector and VCs - [Instabox](https://instabox.io) and [Budbee](https://budbee.com/) got the green light for their planned merger from the Swedish Competition Authority ([Swedish](https://www.dagensjuridik.se/nyheter/sammanslagningen-mellan-budbee-och-instabox-far-gront-ljus/), [machine translation](https://www-dagensjuridik-se.translate.goog/nyheter/sammanslagningen-mellan-budbee-och-instabox-far-gront-ljus/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). It also looks as if the soon-to-be-named company Instabee might have bought the [instabee.com](http://www.instabee.com) domain from an India-based startup of the same name. Its previous website ([archive.org snapshot from July](http://web.archive.org/web/20220625184551/https://www.instabee.com/)) has recently vanished. Currently the domain leads nowhere. - Judging from teasers shared on social media, Stockholm-based language learning startup [Astrid](https://www.astrideducation.com/) is expanding its scope. It moves from being an AI-powered voice-based English learning solution focused on kids and teens, towards a much broader user group. The promise of the company's newly launched iOS/Android app: to speak English "confidently in no time". The solution for kids/teens is now called Astrid Junior ([English](https://www.linkedin.com/posts/astrid-education%5Fnews-activity-6990982107586035712-VTYx/)). - [Ovulai](https://www.ovulai.com/), Stockholm-based digital health coach for women with menstrual related issues and PCOS, launched its iPhone app (Swedish only for now) ([English](https://www.linkedin.com/posts/ovulai%5Fovulai-pcos-pcosapp-activity-6991011894123720705-xPap/)). - [Radinn](https://www.radinn.com/), Malmö-based maker of electric boards for water sports, announced that its X-Sport board is now authorized for rental purposes, "making it the first rental-approved, warranty-backed jetboard in the industry". The company says it has developed a "plug ’n play business model" for tourism and watersport markets ([English](https://www.linkedin.com/posts/radinn%5Frental-activity-6991082589251895296-8kJg/)). - Swedish investment company [byWiT](https://bywit.se/), which invests in "digital challengers", has secured over SEK300M (€28M, $28M) in its annual new share issue, with a goal of raising another SEK100M before the first quarter of 2023 ([English](https://bywit.se/news/bywit-secures-over-300-msek-in-our-annual-new-share-issue/), [Swedish](https://finanstid.se/investmentbolaget-bywit-tar-in-drygt-300-miljoner-kronor-i-nyemission/)). ### Swedish tech earnings reports - [Bambuser](https://bambuser.com) (Stockholm, provider of technology for live video shopping): [English](https://ir.bambuser.com/article?slug=bambuser-reports-arr-growth-of-98-year-over-year-and-improved-adjusted-ebitda-margin-quarter-over-quarter-in-q3-2022). ### Other interesting things from the startup/VC world & beyond - Exactly 15 years ago, a Forbes’s cover story trumpeted: "Nokia, one billion customers – can anyone catch the cell phone king?”([English](https://ritholtz.com/2022/10/can-anyone-catch-nokia/)). - Tips from Creandum on how to find a suitable coach as startup founder/CEO ([English](https://blog.creandum.com/founder-coaching-7598e9ebbd45)) ### Other interesting things related to Sweden - Amazon will release 18 exclusive Nordic titles on its Prime video streaming service, including 6 Swedish ones ([Swedish](https://www.di.se/digital/amazon-utmanar-med-sex-svenska-tv-titlar/), [machine translation](https://www-di-se.translate.goog/digital/amazon-utmanar-med-sex-svenska-tv-titlar/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). - Scientists in Sweden and Denmark have managed to transmit data at a staggering 1.84 petabits per second — nearly twice the amount of global internet traffic in the same interval. A petabit is equal to one million gigabits ([English](https://futurism.com/the-byte/scientists-transmit-data-internet-bandwidth)). +++ That's it for today.