News December 19, 2022: Sleep Cycle, EnginZyme, Habeno, Sileon, Done, Flasheye, LeadCold, Zipadoo, Quartr, Startup Sweden and more
Here are today's 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!
Mergers & acquisitions
- The founders of Sleep Cycle, Maciej Drejak and Pierre Siri, are part of a consortium that announced a cash offer to buy all the shares in the publicly listed Gothenburg-based sleep tracking app company. The offer price of SEK42.50 per share represents a premium of approximately 33.6% compared to Friday's closing price, but is significantly lower than when Sleep Cycle went public in summer 2021 (English, Swedish).
Funding news
- EnginZyme (Stockholm, technology platform for sustainable chemical production): €21M ($22M) in a Series B round from new investors, including Bunge Ventures, Navigare Ventures and Almi Invest GreenTech, and existing investors Sofinnova Partners, SEB GreenTech VC and Industrifonden (English).
- Habeno, formerly Hypido (Stockholm & Malaga / Spain; platform aiming to make international mortgages easy, starting with homes in Spain and Portugal): SEK30M (€2.7M, $2.9M) from Sebastian Knutsson, Riccardo Zacconi, Sven Törnkvist, Ann Grevelius and Lars Lindgren. Mattias Miksche is also an investor, as well as chairman (Swedish, machine translation).
- Sileon, formerly Paynova (Stockholm, buy now pay later SaaS): $1M from existing investor Visa (English).
- Done (Stockholm, on-demand home services marketplace): SEK7M (€640K, $680K) from Almi Invest and undisclosed angel investors (Swedish, machine translation).
- Flasheye (Luleå, 3D laser monitoring system for early detection of deviations and danger): Undisclosed amount from existing investors Norrlandsfonden, Mobilaris Evolve and PartnerInvest i Norr (English).
>> Daily updated, subscriber-exclusive Google sheet with all funding rounds raised by private Swedish startups and scaleups.
News from Swedish startups, the tech sector and VCs
- Jacob Stedman, co-founder of Platform24 and Doktor24, will become the CEO of LeadCold (Blykalla), Stockholm-based developer of modular nuclear reactor technology. Co-founder Janne Wallenius continues as CTO (Swedish, machine translation).
- Quartr, Gothenburg-based investor relations app, is launching live earnings calls in its app. Previously, only recorded earnings calls were available (English, Swedish).
- Zipadoo, Gothenburg-based e-commerce platform for physical retail, has launched in its hometown, allowing shoppers to buy things online from local stores (Swedish). A year ago, the startup raised an undisclosed amount from angel investors.
- Startup Sweden, the Swedish ecosystem initiative launched in 2016 by Tillväxtverket (Swedish Agency for Economic and Regional Growth), is being shut down. There is no mention of the reason for the decision (English).
- DHL acquired the assets of Instabox Netherlands and Red Je Pakketje, after Sweden-based Instabox (now part of Instabee) declared those Dutch operations bankrupt earlier this month (English, Swedish / Di Digital paywall).
Other interesting things from the startup/VC world & beyond
- Y Combinator is looking for climate tech startups to apply to the next batch (English).
- A list of 400+ startup accelerators in Europe (English).
- Global VC funding according to Dealroom data. December (so far) is the last bar (English):
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That's it for today.