News June 25, 2024: Medpeople, Mavenoid, Essentiq, Skyresponse, xtal.works, VISS.AI, Grönska, Bower, Inex One, Done, Sigmastocks, and more

Here are today's news from Sweden's startup and tech sector, exclusively for you as subscriber of Swedish Tech News PRO.

Mergers & acquisitions

• Medpeople, the Stockholm-based digital service for healthcare staffing which was declared bankrupt in March, has been acquired by the Swedish healthcare staffing company Big Care, for an undisclosed amount (Swedish, machine translation).
• Some more details on Klarna's divestment of the Checkout business (KCO) announced yesterday, from this Di Digital article (paywalled):
  • KCO will be renamed once the deal goes into effect in October.
  • KCO is profitable and won't need additional financing.
  • While the acquiring consortium is led by BLQ Invest founder and CEO Kamjar Hajabdolahi, BLQ Invest itself also participates in the deal.
  • Kamjar Hajabdolahi will become CEO of KCO and step back from other operational roles.
  • BLQ will look into synergies between KCO and its portfolio company Ingrid.
  • KCO is market leader in the Nordics at the moment, and aims to become market leader in Europe.
• Breakit got hold of and read through an internal 84-page long document about the KCO deal, and summarizes details about financing, deal terms, additional participants in the consortium, and more (Swedish / Breakit paywall).

Funding news

⬜️ publicly traded

• Mavenoid (Stockholm, product support platform for product manufacturers and retailers, founded 2017): $6M in debt funding from HSBC. The startup also announced new AI solutions for automated customer support. Co-founder and CEO Gintautas Miliauskas tells Axios that Mavenoid plans to raise a Series C in mid 2025 (English). Two years ago, Mavenoid raised its most recent equity funding; a $30M Series B round led by Smedvig Capital. 📊 For 2022, Mavenoid reported net revenue of SEK24.4M, total revenue of SEK40.2M, and a loss of -SEK39.3M.

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