News August 24, 2022: Hello Ebbot, Dialogtrail, Jetson, Min Doktor, Mimbly, Quartr, ROAM, VOI, Climentum Capital 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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Or, if you prefer a free weekly newsletter, subscribe to Swedish Tech Weekly!
Mergers & acquisitions
- Hello Ebbot (Stockholm, chat platform with AI automation tools for meeting customers digitally) acquired Gothenburg-based competitor Dialogtrail in an all-stock deal. The amount was not disclosed. Dialogtrail raised SEK8M from among others Brightly Ventures and Chalmers Ventures (English, Swedish).
Funding news
- Jetson (Stockholm, flying car developer): SEK100M (€9.4M, $9.3M) from Italian tech entrepreneur Luca Spada and other undisclosed investors, for starting the serial production of its one-passenger personal electric vertical takeoff and landing (eVTOL) vehicle. The funding round is still ongoing. Meanwhile, the company has bought a small private airfield in Italy outside of Florence for testing purposes, for around SEK8M (Swedish / DI Digital paywall, Swedish #2, machine translation).
- Vostok Emerging Finance and Swedish emerging markets asset investor Tundra Fonder partipcated in a pre-seed $2.1M funding round raised by Y Combinator-backed Mahaana Wealth, Pakistan’s first digital wealth management company (English).
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News from Swedish startups, the tech sector and VCs
- Min Doktor, Malmö-based digital healthcare provider, is laying off around 50 people (around 20% of the total number of employees) and closing 7 of its 23 stationary healthcare/vaccination centers, in order to reach profitability faster (Swedish, machine translation).
- Mimbly, Gothenburg-based creator of sustainable laundry solutions, has reached the milestone of 100 sold "Mimboxes", a hardware solution which is intended to help professional laundry become more sustainable, by recycling water, reducing microplastic pollution and CO2 emissions. According to co-founder and CEO Isabella Palmgren, these Mimboxes are "soon ready to be manufactured and delivered" (English).
- Gothenburg-based investor relations app Quartr launched an API, which will allow "basically any site or platform" to add conference calls or transcripts to their service (English).
- Swedish-Kenyan mobility startup ROAM has launched its first all-electric bus built for mass transit in Africa (English).
- VOI launched in its 100th city (English).
- Climentum Capital, the new pan-european climate VC fund launched in early July, announced Malin Carlström as Stockholm-based general partner (English).
Other interesting things from the startup/VC world & beyond
- German e-scooter provider Tier Mobility, which is also active in Sweden, lays off 180 people and is moving away from a focus on geographic expansion, towards an "increased return on investment for the current footprint".
- US cloud security startup Wiz says it became the fastest-growing software company ever, after reaching $100M ARR in 18 months (English).
Other interesting things related to Sweden
- H&M headquarter employees are protesting against a new policy which would force staff in Sweden back into the office at least 4 out of 5 days starting from December 1 (Swedish, machine translation).
- 61% of Swedish households had at least one paid streaming account in Q2 2022, up 5% from a year ago (Swedish, machine translation).
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That's it for today.