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# News October 4, 2022: DBT, SweGaN, Apica, Meitner, Wayout, Fidesmo and more
- URL: https://www.swedishtechnews.com/news-october-4-2022/
- Published: 2022-10-04T15:00:53.000Z
- Updated: 2023-08-14T09:02:19.000Z
- Description: Here is today's curation of news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.
- Author: Martin Weigert
- Tags: Daily (PRO), SweGaN, Apica, Meitner, Wayout, niklas zennström, fidesmo, DBT Capital, NatWest, Värde Partners, intertech ventures, mount wilson ventures, atlantic bridge, ReThink Capital

Here is today's curation of news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.

💡

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### Funding news

- [DBT](https://www.dbt.se) (Stockholm, financing provider for SMEs): SEK3.1B (€285M, $280M) in a debt facility from NatWest and Värde Partners ([English](https://tech.eu/2022/10/04/dbt/), [Swedish](https://www.realtid.se/dbt-sakrar-31-miljarder-sek-i-lanefinansiering/)).
- [SweGaN](https://swegan.se/) (Linköping, semiconductor manufacturer): SEK125M (€12M, $11.5M) in a Series A funding round co-led by Intertech Ventures, Mount Wilson Ventures and Atlantic Bridge, with participation from STOAF of Sweden and MediaTek ([English](https://swegan.se/2640/), [Swedish](https://evertiq.se/news/42915)).
- [Apica](https://www.apica.io/) (Stockholm, SaaS active monitoring platform that helps solve complex digital performance issues): SEK70M (€6.5M, $6.4M) convertible note from undisclosed investors. This transaction happened in May 2022 ([Swedish](https://www.breakit.se/artikel/34540/fortsatt-knackigt-for-apica-som-har-sakrat-70-nya-miljoner-i-det-tysta) / *Breakit paywall*).
- [Meitner](https://www.meitner.se/) (Stockholm, education platform for schools): SEK15.8M (€1.5M, $1.4M) from angel investors such as Sven Hagströmer and Joel Almqvist ([Swedish](https://www.breakit.se/artikel/34543/adrian-anderssons-utmanare-till-skolplattformen-backas-av-drakarna-far-ytterligare-investering), [machine translation](https://www-breakit-se.translate.goog/artikel/34543/adrian-anderssons-utmanare-till-skolplattformen-backas-av-drakarna-far-ytterligare-investering?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- [Wayout](https://wayoutintl.com/) (Stockholm, IoT-enabled water purification system that can turn all kinds of source water, even seawater, into drinkable water): undisclosed amount from Raiven Capital ([English](https://www.mynewsdesk.com/wayout/news/raiven-capital-invests-in-wayout-modular-water-purification-system-allows-for-drinkable-mineral-water-anywhere-454862)).

\>> 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

- In a FT guest article, Skype and Atomico founderNiklas Zennström encourages European founders of struggling startups not to be afraid of hard decisions – even if it means shutting down the company. "Data shows that founders have a better chance of getting it 'right' the second or third time — if they have the guts to come back fighting" ([English](https://www.ft.com/content/d3424e80-163a-4689-8737-d3bb8ebf4c15) / *FT paywall*, [alternative URL](https://archive.ph/c0kFS)).
- [Fidesmo](https://fidesmo.com/), Stockholm-based wearable contactless transaction provider, is launching its service across Europe through a partnership with UK-based "all payment cards in one" solution [Curve](https://www.curve.com/) ([English](https://news.cision.com/fidesmo-ab/r/europeans-can-now-throw-away-their-payment-cards--thanks-to-fidesmo-pay,c3642544), [Swedish](https://www.dagensps.se/fintech/fidesmo-betala-med-din-klocka-i-hela-europa/)).
- The challenging economic environment is leading to an explosion of bankruptcies among online retailers ([Swedish](https://www.ehandel.se/lista-har-ar-e-handelns-storsta-konkurser-i-ar), no machine translation available).

### Other interesting things from the startup/VC world & beyond

- Apple's App Store net revenue fell about 5% in September, according to Morgan Stanley, the steepest drop for the business since the bank started modeling the data in 2015 ([English](https://www.cnbc.com/2022/10/03/apples-app-store-revenue-fell-in-september-morgan-stanley-says.html)).
- Google opens applications for circular-economy accelerator ([English](https://techcrunch.com/2022/10/03/google-accelerator-circular-economy-startups-trash/)).
- Dealroom ranked the "Top 100 Energy Startups to Watch in Europe" ([English](https://app.dealroom.co/lists/32047)).

### Other interesting things related to Sweden

- Ranking of new electric vehicles sold in Sweden during September 2022: VW ID.4 is at top, ahead of Volvo XC40 and Kia Niro. Tesla Model 3 ranked #5, Model Y #6 ([English](https://cleantechnica.com/2022/10/03/swedens-bevs-take-over-third-of-market/)).
- Sweden's Energy Agency launches a campaign encouraging people living in Sweden to cut down on hot water and electricity usage ([English](https://www.thelocal.se/20221004/how-does-swedens-government-want-you-to-save-energy/), [Swedish](http://www.energimyndigheten.se/varje-kilowattimme-raknas/)).
- Report about the most influential/powerful Swedish accounts on social media ([Swedish](https://medieakademin.se/wp-content/uploads/2022/10/Maktbarometern%5F2022-presentation-v5-web68.pdf) / PDF).

+++

That's it for today.