News September 21, 2022: Knodd, Zwapgrid, Vässla, Kind, Humla, Norrsken and more

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

  • Knodd (Gothenburg, online healthcare provider for parents of young children): SEK30M (€2.7M, $2.7M) from existing investor Curus and new investors First Venture, Orkla and Linbo Invest, at a post-money valuation of around SEK167M (Swedish, machine translation).  
  • Zwapgrid (Stockholm, integration platform for SaaS companies): SEK13M (€1.2M, $1.2M) in a funding round led by angel investor Michael Lantz (English, Swedish / Breakit paywall, Swedish #2).
  • EQT Ventures led a $36M Series B round raised by US-based startup Knoetic, a platform designed to provide insights on metrics like attrition, diversity and headcount growth (English).

>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups. Request access.

News from Swedish startups, the tech sector and VCs

  • Vässla, Stockholm-based micromobility company, is launching a new ebike for urban environments, which will be offered as a monthly subscription, initially in Paris and Madrid, but starting from spring 2023 even in Sweden (English, Swedish).
  • Charlotte Tönsgård has stepped down as CEO of Malmö-based communication SaaS solution for the healthcare sector Kind, as the startup failed to secure funding and went through a reconstruction. New CEO of the scaled down company is Louise Sternros (Swedish / Breakit paywall).
  • Humla, a newly founded fintech subsidiary of Swedish family-owned company Axel Johnson, is launching a debit card that comes with an integrated loyalty/rewards scheme (Swedish / DI Digital paywall).
  • Norrsken is looking to recruit a full time digital content producer (English).

Other interesting things from the startup/VC world & beyond

  • German climate venture firm Extantia Capital has announced a €300M platform to invest in and accelerate climate tech innovation (English).
  • Switzerland-based startup Ledgy, a Carta for European startups to manage equity and cap tables, raises $22M (English).
  • Stirring, detailed account of the collapse of UK-based events and festival tech startup Pollen (English).
  • Y Combinator cofounder Paul Graham on what he has learned from advising many startups: "Once you've advised 100 startups all doing different things, you rarely encounter problems you haven't seen before." (English).

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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: m@swedishtechnews.com
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