News June 27, 2022: Greenely, Countagen, WA3RM, Grön Golf and more

Here is today's curation of news from Sweden's startup and tech sector.

Mergers & acquisitions

• Björn Lundén (Näsviken, provider of financial software for SME and accountancy customers) acquires Denmark-based maker of time tracking and project management software EazyProject for an undiclosed amount (Swedish, no machine translation available).

Funding news

• Greenely (Stockholm, next-generation household energy platform): SEK70M (€6.6M, $7M) from undisclosed new and existing investors. This funding comes in addition to the current equity crowdfunding campaign (Swedish, machine translation).
• Countagen (Stockholm, out-of-the-box gene editing analysis): SEK11.5M (€1.1M, $1.1M) from Almi Invest and unnamed angel investors (Swedish, machine translation).
• WA3RM (Malmö, developer of regenerative businesses based on industrial waste stream): undisclosed amount from EQT Foundation (Swedish, machine translation).
• Swedish food-tech investment company Nicoya led a €13M seed round raised by Finnish plant-based product manufacturer Foodiq (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

• Klarna's valuation could drop to as low as $10B during the planned fundraising round, reports the WSJ (English, WSJ paywall, alternative URL).
• Jönköping-based startup Grön Golf, founded by Phat Ngo Bergström, wants to improve golfing through an on-demand service for booking 3-wheeled electric golf carts, akin to how shared urban e-scooters work (Swedish, machine translation).
• WA3RM, a Malmö-based developer of regenerative businesses based on industrial waste stream, announced the first closing at €20M ($21M) of a fund which will invest in infrastructure and companies that utilize waste heat and CO2 from industries as energy resource for vegetable and shrimp farming and biomaterials production (Swedish, machine translation).

Other interesting things from the startup/VC world

• European policymakers are going to publish the most comprehensive plan so far for how to help European startups grow and compete globally (English / Sifted soft paywall, alternative URL).
• Becoming a multi-product company is an intense journey that only few succeed with (English).
• A16Z published a defense of the pay-as-you-go pricing model in fintech, which can become volatile in down markets (English).

Other interesting things related to Sweden

• Swedish EV maker Polestar raised $850M via Nasdaq SPAC listing (English).
• All patrolling police personnel in Sweden will soon be equipped with bodycams (Swedish, machine translation).
• Brasseriegruppen managed rather quickly to get its alcohol license for its 10 well-known restaurants in Stockholm back - at least for now (Swedish, machine translation).

+++

That's it for today.