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# News September 2, 2022: X Shore, Tilly, Tibber, Cogo, VC reserves and more
- URL: https://www.swedishtechnews.com/news-september-2-2022/
- Published: 2022-09-02T15:00:03.000Z
- Updated: 2023-08-15T15:17:44.000Z
- Description: Here is today's curation of news from Sweden's startup and tech sector, as well as some interesting reads, exclusively for subscribers of Swedish Tech News.
- Author: Martin Weigert
- Tags: Daily (PRO), tilly, tibber, Klarna, Cogo, EQT Ventures, X Shore, Norrsken VC

Here is today's curation of 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

- In a follow-on investment, Norrsken VC participated in a €12M Series A funding round raised by German zero-emission delivery service [Liefergrün](https://liefergruen.de) ([English](https://www.eu-startups.com/2022/09/german-startup-liefergrun-lands-e12-million-to-scale-sustainable-last-mile-shipping-solution/)).

### News from Swedish startups, the tech sector and VCs

- [X Shore](https://xshore.com/) unveiled its latest electric boat model, the X Shore 1\. At a retail price of €99,000 ($139,000 in the US), it'll cost only 1/3 of X Shore's previous boat. The Stockholm-based startup expects this move to significantly broaden the number of potential buyers ([English](https://electrek.co/2022/09/01/x-shore-1-unveiled-electric-boat/), [Swedish](https://www.nyteknik.se/fordon/x-shore-lanserar-elbat-i-miljonklassen-nu-ar-priset-inget-hinder-7037105)).
- [Tilly](https://mytilly.co/), Stockholm-based personalized fertility support app, launched an equity crowdfunding campaign. 4 days in and with 26 days to go, the startup has almost reached its target of €285K ([English](https://www.seedrs.com/tilly)).
- [Tibber](https://tibber.com), Swedish-Norwegian smart energy provider, is setting a maximum limit of 50,000 kWh of power to be delivered to customers yearly, to discourage organizations (as opposed to individual households) from using the service ([Swedish](https://www.realtid.se/elbolag-infor-tak-pa-elkonsumtionen-ingen-fraga-om-ransonering/), no machine translation available).
- The Swedish Financial Supervisory Authority says it wants to be more regularly informed by [Klarna](http://www.klarna.com) about financial performance, due to the company's high cash burn ([Swedish](https://www.market.se/retailtrender/betallosningar/efter-miljardforlusterna-klarna-under-luppen-hos-finansinspektionen/), [machine translation](https://www-market-se.translate.goog/retailtrender/betallosningar/efter-miljardforlusterna-klarna-under-luppen-hos-finansinspektionen/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- The Swede Robin Eriksson co-founded and is CEO of Denmark-based startup [Cogo](https://www.cogoapp.io), which lets users in its home market and Sweden book shared electric scooters, bikes, cars and mopeds from 250 mobility operators in one app. The company now has raised SEK8,5M (€8M, $8M) in fresh funding ([Swedish](https://www.di.se/digital/samlar-250-mobilitetsoperatorer-i-en-app/), [machine translation](https://www-di-se.translate.goog/digital/samlar-250-mobilitetsoperatorer-i-en-app/?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp)).
- [EQT Ventures](https://eqtventures.com/) is looking for a Stockholm-based venture lead with tech & product focus ([English](https://www.linkedin.com/jobs/view/venture-lead-tech-product-at-eqt-ventures-3245355648)).

I've added around 30 companies to the list of Swedish tech startups & scaleups during the past week. As a Swedish Tech News subscriber, you have exclusive access to this [list with additions](https://www.swedishtechnews.com/startup-updates-list/). 

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

- The EU is opening a Silicon Valley office to streamline communication with Big Tech ([English](https://www.pymnts.com/big-tech/2022/european-union-opens-silicon-valley-office-streamline-communication-big-tech/)).
- On the importance of venture funds building very thoughtful reserve policies and entrepreneurs picking investors that have such measures in place and that are transparent about them – seen from the perspective of the 2022 market pull back ([English](https://medium.com/@suranga/venture-demystified-reserves-and-follow-ons-in-2022-b8f735c21a70)).
- A blueprint for investment in user research at every startup stage ([English](https://future.com/user-research-as-you-grow/)).

### Other interesting things related to Sweden

- The Financial Times on how Sweden's gang-related gun violence problem is providing a back drop to next Sunday's general election ([English](https://www.ft.com/content/67b9104d-f988-41d1-afb3-78f9baa579a5) / *FT paywall*, [alternative URL](https://archive.ph/VYkz8#selection-1441.27-1441.65)).
- Sweden's state-owned rail company SJ launched its daily night train between Stockholm and Hamburg ([English](https://www.thelocal.se/20220902/everything-you-need-to-know-about-stockholm-to-hamburg-night-trains/) / *The Local paywall*, [alternative URL](https://archive.ph/Vad5x#selection-927.0-927.154)).

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That's it for today.