> ## 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 28, 2022: Renewcell, RedLocker, Vembla, Done, Carl Pei, Bower, Klarna and more - URL: https://www.swedishtechnews.com/news-october-28-2022/ - Published: 2022-10-28T14:44:32.000Z - Updated: 2023-08-13T12:24:54.000Z - 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), redlocker, malin granlund, alek åström, Done, carl pei, Bower, Klarna, carl-erik lagercrantz, Vargas Holding, Nordnet, sleep cycle, vembla, Renewcell, h&m, girincubator, dragon invest 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 - [Renewcell](https://www.renewcell.com) (Stockholm, recycling technology for textile): SEK158M (€14.4M, $14.4M) through a directed share issue, with participation from among others existing shareholders H&M and Girincubator ([English](https://mfn.se/a/renewcell/renewcell-completes-a-directed-issue-of-2-633-333-new-shares-to-swedish-and-international-institutional-investors-raising-gross-proceeds-of-approximately-sek-158-million)). - [RedLocker](https://redlocker.se/) (Stockholm, provider of machines for free menstrual care products for workplaces, schools and other types of businesses): SEK1.7M (€155K, $155K) from existing investors Dragon Invest, Mountainstone Consulting, Rolf Erik Nilsson andJon Wimmercranz ([Swedish](https://www.breakit.se/artikel/34846/lena-apler-och-ganget-fyller-pa-i-draknastet-succen-redlocker), [machine translation](https://www-breakit-se.translate.goog/artikel/34846/lena-apler-och-ganget-fyller-pa-i-draknastet-succen-redlocker?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). \>> 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 - [Vembla](https://www.vembla.se/), the Stockholm-based rapid grocery home delivery service which recently was declared bankrupt, just [sent an email to customers](https://storage.ghost.io/c/cb/aa/cbaa9996-4d93-4f6d-b930-d76c908df0d1/content/images/2022/10/Screenshot-2022-10-28-at-16.39.28-1.png) announcing that it will pivot to focus on "pharmacy and health". No more details were revealed. - Malin Granlund and Alek Åström are the founders of on-demand home services marketplace [Done](https://www.doneservices.se/). They are also a couple. In this interview they talk about their ambitions with Done, and how to build a company with one's spouse ([Swedish](https://modernalivet.se/intervjuer/malin-och-alek-fyra-tips-for-att-driva-foretag-med-sin-partner/), [machine translation](https://modernalivet-se.translate.goog/intervjuer/malin-och-alek-fyra-tips-for-att-driva-foretag-med-sin-partner/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). - Sifted talked with Swedish serial entrepreneur Carl Pei, who currently is building the consumer electronics company [Nothing](http://www.nothing.tech) in London, about his entrepreneurial past and present ([English](https://12ft.io/proxy?q=https%3A%2F%2Fsifted.eu%2Farticles%2Fcarl-pei-nothing-brunch%2F)). - Stockholm-based recycling app [Bower](https://getbower.com) officially launched in the UK ([English](https://twitter.com/get%5Fbower/status/1585848114685976577)). - In Germany, [Klarna](http://www.klarna.com) is launching a „save now, buy later“ feature named "Pools" for its bank account product ([German](https://financefwd.com/de/klarna-buy-now-pay-later-pools/), [machine translation](https://financefwd-com.translate.goog/de/klarna-buy-now-pay-later-pools/?%5Fx%5Ftr%5Fsl=de&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)). - 📺 Interview with Carl-Erik Lagercrantz, CEO of Swedish impact company builder [Vargas Holding](https://www.vargasholding.se/) (investor in Polarium, Northvolt and H2 Green Steel), about "the Swedish way to make climate unicorns" ([English](https://youtu.be/1SshS%5FbO2g8), *27 minutes*). This week, I've added 12 companies to my subscriber-exclusive new Swedish tech startup tracker. The following haven't been mentioned in the newsletters: [Foodnest](http://www.foodnestapp.com/), [Goody](https://goody.se/), [HEPU](https://www.h-epu.com), [Dialog Therapy](https://www.dialog-therapy.com), [Hubista](https://www.hubista.se/), [Y/ELM](https://www.yelmprotection.com/), [Xplir](https://xplir.com/), [Drifter](https://www.drifterworld.se/), [Nodon](https://www.nodon.se/) and [BrightBid](https://www.brightbid.com/). [Click here to see a brief profile of each](https://www.swedishtechnews.com/startup-updates-list/), including founder names & LinkedIn URLs (log in with your subscriber email). ### Swedish tech earnings reports - [Nordnet](https://www.nordnet.se/) (Stockholm, digital savings and investments platform): [English](https://news.cision.com/nordnet/r/nordnet-publishes-its-third-quarter-2022-interim-report,c3656905). - [Sleep Cycle](https://www.sleepcycle.com/) (Gothenburg, sleep tracking solution): [English](https://news.cision.com/sleep-cycle/r/sleep-cycle-interim-report-july-september-2022-continued-growth--strong-operating-margin--and-a-part,c3657493). ### Other interesting things from the startup/VC world & beyond - Last year, Facebook had a market cap over $1 trillion. Now the company is worth about $270 billion ([English](https://www.cnbc.com/2022/10/27/meta-is-no-longer-one-of-the-20-biggest-us-companies.html)). - The Big Tech hiring slowdown is here ([English](https://blog.pragmaticengineer.com/big-tech-hiring-slowdown/)). +++ That's it for today.