News August 26, 2022: Simpel Transport, Renewcell, ABC Labs, Storytel and more

Here is today's curation of news from Sweden's startup and tech sector, exclusively for subscribers of Swedish Tech News.

Funding news

• Simpel Transport (Stockholm, matching solution for the transportation sector to utilize unused load capacity): undisclosed amount from angel investors Viktor Bernsdorff, Jonas Bertilsson and Karsten Inde. The company, which has 8 employees and already reached profitability according to co-founder Patric Olsson, plans to raise a larger funding round in late 2022/early 2023, for the domestic and European expansion (Swedish, machine translation).

News from Swedish startups, the tech sector and VCs

• Renewcell's new flagship factory in Sundsvall - billed as the world’s first commercial scale 100 per cent textile-to-textile recycling plant - is now up and running (English).
• ABC Labs, Stockholm-based provider of large-scale automated disease testing, generated a sizeable profit of SEK840M (€80M, $80M) in 2021, at a revenue of SEK1.2B, largely thanks to a contract for Covid testing from the Swedish Health Agency (Swedish / DI Digital paywall, Swedish #2, no machine translation available).
• Johannes Larcher is new CEO of Stockholm-based audiobook and ebook subscription service Storytel (English).

Other interesting things from the startup/VC world & beyond

• Klarna's publicly listed US rival Affirm has spooked investors with a weaker-than-expected outlook (English).
• After YouTube, now Twitter is getting into podcasts (English).
• What founders need to know about "data rooms", including what data investors are hoping to see, the documents that aren't needed, and red flags to look out for (English).
• "Standard Conversion" is a useful framework which founders can apply to almost any challenge (English).

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That's it for today.