News September 27, 2022: Urb-it, Vembla, Juni, Female Founders Malmö, Klarna 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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Subscribe to Swedish Tech News 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.
Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!
Funding news
- Urb-it (Stockholm, sustainable logistics platform): SEK23.3M (€2.2M, $2.1M) through a directed share issue (English, Swedish).
- Creandum co-led a €5.8M ($5.6M) seed round raised by Dutch digital timber marketplace Timberhub (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
- After recent signs of struggle, Swedish instant hyper-local grocery home delivery service Vembla has filed for bankruptcy. Since its launch in 2019, the company had raised around SEK50M (€4.6M, $4.4M) (Swedish / DI Digital paywall, Swedish #2, no machine translation available).
- Juni is becoming the main sponsor of Gothenburg-based football club Gais. The banking platform for e-commerce is the 3rd tech company from Sweden opting for football sponsoring, after Spotify and Truecaller (Swedish, machine translation).
- 6 startups from southern Sweden will pitch at DI Digital's Female Founders Malmö event on Thursday: Nikdev, Speaksum, Clowid, Payzlip, Poasana and Endbright (Swedish, machine translation).
- Klarna is launching in Greece and the Czech Republic (Swedish, machine translation).
Other interesting things from the startup/VC world & beyond
- Estonia-based Trind VC rolls out €55M fund to invest in consumer and SME-focused startups in Europe (English).
- Over the past 5 years, the US has created net new unicorns at a rate of 52% year-over-year – half the rate of Europe (English).
Other interesting things related to Sweden
- Cameras on 14 stations of Stockholm's subway are equipped with AI technology that is tasked to spot potential suicide attempts in order to quickly stop trains. So far, 4 attempted suicides were prevented (Swedish, machine translation).
- The Swedish movie "Logistics" tracks, in reverse chronological order, the journey of a pedometer from a shop in Sweden to a factory in China. It was made in 2012 and is 857 (not a typo!) hours long (English).
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That's it for today.
