News October 27, 2022: Instabee, Astrid, Ovulai, Radinn, byWiT, Bambuser and more

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 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.

Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!

Funding news

  • Norrsken VC participated in a $10M Series A round raised by US-based personal carbon-cutting app Joro (English). The startup is on the Norrsken Foundation's recently published Impact 100 list.

>> 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

  • Instabox and Budbee got the green light for their planned merger from the Swedish Competition Authority (Swedish, machine translation). It also looks as if the soon-to-be-named company Instabee might have bought the domain from an India-based startup of the same name. Its previous website ( snapshot from July) has recently vanished. Currently the domain leads nowhere.
  • Judging from teasers shared on social media, Stockholm-based language learning startup Astrid 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).
  • Ovulai, Stockholm-based digital health coach for women with menstrual related issues and PCOS, launched its iPhone app (Swedish only for now) (English).
  • Radinn, 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).
  • Swedish investment company byWiT, 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, Swedish).

Swedish tech earnings reports

  • Bambuser (Stockholm, provider of technology for live video shopping): English.

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).
  • Tips from Creandum on how to find a suitable coach as startup founder/CEO (English)
  • Amazon will release 18 exclusive Nordic titles on its Prime video streaming service, including 6 Swedish ones (Swedish, machine translation).
  • 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).


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: