News September 22: BoardClic, Klarna, CodeEasy, top 5 Swedish fintech companies 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

  • BoardClic (Stockholm, SaaS B2B platform for digital board and management team evaluations): SEK13M (€1.2M, $1.2M) in a funding round led by Subvenio, Curitas Ventures and Brofund Equity, for the continued European expansion (English, Swedish).
  • In a follow-on investment, EQT Ventures participated in a $15M Series B round raised by Portugal-based DevOps intelligence platform Codacy (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

  • 4 months after it cut 10% of its global workforce, Klarna is planning a second, but smaller round of layoffs, affecting "fewer than 100 employees globally" (English).
  • CodeEasy is a newly launched bootstrapped Stockholm-based online educational platform aiming to teach beginners C# programming "in an easy and fun way". It was founded by serial entrepreneurs Sakina Turabali (co-founder of Skyqraft) and Dmytro Shervarly (co-founder of SourceMe) (English).
  • Breakit analyzed Sweden's "47 hottest fintech companies", based on financial numbers from 2021. The top 5 with the largest revenue growth YoY '20/'21 were Juni, Yabie, Brite, Insurello and Zimpler. According to Breakit, the accumulated loss of those 46 fintechs (excluding the massive loss maker Klarna) was almost SEK1B (€90M, $90M), which is a 10x larger number than in 2020 (Swedish / Breakit paywall).

Other interesting things from the startup/VC world & beyond

  • Atomico has launched the survey for its annual State of European Tech report (English).
  • German VC firm Visionaries Club raises €400M to invest in European B2B tech (English).
  • Dealroom published a portrait of a Finland's startup ecosystem, featuring a bunch of charts (English).
  • There's new life in a 70-year long linguistic debate about whether the Swedish language's 3rd person plural pronouns "de" and "dem" should be replaced by a single "dom" (Swedish, machine translation).
  • Based on a report by Klarna quoted by Aftonbladet, Swedes are on average less interested in crypto currencies than people in 12 others countries including the US, Australia, Finland and the UK. Furthermore, the crypto investing gender gap in Sweden is significantly bigger than in the other countries (Swedish, machine translation).
  • An summer 2022 version of a map showing average sqm prices for apartments in Stockholm along the city's subway network  (Swedish, machine translation).

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That's it for today.

Martin Weigert

Martin Weigert

Stockholm