News March 1, 2024: Boardeaser, Visualby, Plexigrid, Superagent, Milepost, Tvättarket, Vakanta, Fairlo, Volta Trucks, Freyah, Matpriskollen, Foodrunners, 14 new Swedish tech startups, 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

• Boardeaser (Stockholm, SaaS that automates time consuming processes for boards and executives, founded 2015) and Visualby (Linköping, SaaS solution for visualizing financial reporting, founded 2020) are being acquired by Fortnox, the publicly traded Swedish finance management platform for smaller businesses and accounting agencies. The Växjö-based company pays around SEK100M for both startups. Likely the major part goes to Boardeaser's shareholders, as this is by far the larger of the two companies. The announcement also cites an option of an additional SEK62M in future earn-out (Swedish, machine translation). Neither of the acquired startups has registered any equity funding.

Funding news

• Plexigrid (Stockholm and Gijón, Spain; software for making the electricity grid more flexible, founded 2020): €6.5M ($7M) in mixed grant and equity funding from EIC Accelerator. The equity portion amounts to €4M (English). I missed Plexigrid on Wednesday when I covered the EIC Accelerator's official announcement, as it was listed under "Spain", not "Sweden". The startup raised its previous equity funding round in spring 2023, amounting to SEK45M.
• Superagent (Gothenburg, solution that helps developers deploy AI-agents to the cloud, founded 2023): $500K in pre-seed funding from Y Combinator (English, Swedish / Breakit paywall). ℹ️ I added the company details on Nov 16, 2023 to the early-stage startup tracker page, and to the Google Sheet's list of new startups. Since then, it has now been incorporated in the US, judging from the legal information on its website.
• Update on the SEK9.2M funding raised by Today Mobility, which I covered in the "unannounced funding" section on Tuesday: Founder and CEO Isac Odqvist Goldman tells me that the funding was raised mostly from existing investors, but also saw participation from some strategic new ones. The new capital will be used to achieve profitability on the company's initial markets Sweden and Norway, as well as for preparing the expansion beyond those, to meet "the current customers' needs". The focus will be initially on "large European markets".

Unannounced funding