News April 6, 2022: Grafana Labs, Alex Therapeutics, Insurely, Vembla, kevin and more
Here is today's curation of news from Sweden's startup and tech sector.
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Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!
Financing rounds
- Grafana Labs (Stockholm & New York, developer of open source software for visualizing operational data): $240M in a Series D round led by GIC, with participation from new investor J.P. Morgan and existing investors Sequoia Capital, Coatue, Lightspeed Venture Partners and Lead Edge Capital (English).
- Alex Therapeutics (Stockholm, developer of CE-certified digital therapeutics solutions): €3.5M ($3.8M) in an oversubscribed funding round led by Hadean Ventures, with participation from Scale Capital and Bonit Capital (English, Swedish).
- Creandum led a £8M (€9.6M, $10.5M) funding round raised by UK-based logistics startup Packfleet (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
- Insurely, Stockholm-based open insurance platform, forms a strategic partnership with Swedish mayor bank SEB. The bank's VC arm also announced that it participated in Insurely's recent SEK190M Series A funding round (Swedish, machine translation). Â
- Swedish instant grocery home delivery startup Vembla is evaluating options to buy out its Lithuania-based investor cats.vc due to ties to Russian oligarchs (Swedish / DI Digital paywall).
- Lithuanian open banking and payment infrastructure startup kevin, which connects online retailers with European customers through direct bank account payments, announced its launch on the Swedish market (Swedish, machine translation).
Other interesting things from the startup/VC world & beyond
- Global venture funding fell last quarter for the first time in a year (English).
- Seth Godin has some thoughts on setting the right expectations, also for startup founders when talking to VCs (English).
Other interesting things from Sweden
- The Swedish initiative Drones2Ukraine is collecting and sending donated drones to Ukraine where they are being used by the country's civil defense (Swedish, machine translation).
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That's it for today.
