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Swedish Tech Weekly #111: glō, Curb Food, Maven Wireless, Heja, Teemyco, Mobila Doktorn, Coupleness, Vaam, Acast, Freja eID, Sellpy and more

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Welcome to Swedish Tech Weekly issue #111.
Bringing you the latest from Sweden's tech and startup industry.

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Mergers & acquisitions
  • glō (Lund, developer of advanced LED products using nanotechnology) has been acquired by US-based nanotechnology company Nanosys for an undisclosed amount (English).
  • Klarna (Stockholm, payments and shopping provider) has acquired US-based startup Toplooks, developer of AI Technology to turn product content into shoppable commerce. Terms were not disclosed (EnglishSwedish).
Financing rounds
  • (Stockholm, digital healthcare provider): SEK510M (€51M, $62M) from Consensus Fonder, Skabholmen Invest and existing investors (EnglishSwedish).
  • Curb Food (Stockholm, dark kitchen operator): €20M ($24M) in a funding round led by Point72 Ventures with participation from existing investor EQT Ventures (English).
  • Maven Wireless (Stockholm, provider of solutions in wireless coverage): SEK84.3M (€8.4M, $10.2M) through an IPO (Swedishmachine translation).
  • Heja (Stockholm, communication platform for sports teams): $4.2M in a seed round led by Peak Capital, with participation from existing investors (English).
  • Teemyco (Stockholm, customisable virtual office platform): SEK27M (€2.7M, $3.3M) from 42CAP, existing investors and angel investors (EnglishSwedish).
  • Mobila Doktorn (Stockholm, app for booking home visits by doctors): SEK20.8M (€2.1M, $2.5M) from angel investors (EnglishSwedishDI Digital paywall).
  • Coupleness (Stockholm, app for couples to easily track & share feelings): SEK9.3M (€920K, $1.1M) from Icebreaker and angel investors (EnglishSwedish).
  • Vaam (Stockholm, video messaging tool for sales pitches and customer communication): undisclosed amount from Innovation Nest and angel investors (SwedishBreakit paywall).
News from Swedish startups and the tech sector
  • Podcast company Acast confirmed its plan to go public in Stockholm this month, at an estimated valuation of about SEK6.8B (€676M, $820M) (Swedishmachine translation).
  • Freja eID, Stockholm-based developer of electronic identification technology, is piloting a solution for performing a payment transaction using facial recognition, aimed at improving daily life for disabled persons (Swedishmachine translation).
  • Sellpy, Swedish second hand platform owned by H&M, is launching in 20 additional European markets (EnglishSwedish).
  • After Snoop Dogg and Lady Gaga, even US Rapper A$AP Rocky has invested in Klarna (English).
  • Swedish VC firm EQT Ventures is using its AI-based deal sourcing tool "Motherbrain" to find more female founders to invest in (English).
  • Interview with Natural Cycles’ co-founder and CEO, Elina Berglund, on the company's journey (English), and a 🎧 podcast interview with Kry/Livi CEO and co-founder Johannes Schildt on the state and future of telemedicine (English30 minutes).
  • Anna Ottosson, co-founder of Swedish foodtech investment firm Trellis Road, writes about learnings from one year of investing in high-impact foodtech (English).
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Other interesting things
  • Europe’s cookie consent reckoning is coming (English).
  • Life expectancy in Sweden decreased in most groups in 2020 (English).
  • Sweden's natural forests, and those who are dependent on them, have come under high pressure in recent years (English).
  • Kiruna Airport first to introduce remote air traffic services (EnglishSwedish).
End note
  • I'll take a week or maybe a few more days off, so next issue won't come next week. Overall, the publishing frequency might be a bit irregular during the next 2 months, since it's summer now in Sweden and I want to take things easy. I hope you understand 🙂

For any feedback or comments, just hit reply.
Take care.


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