News March 30, 2022: Pointsharp, Minut, My Telescope, Paynova, SUP46, Opibus and more
Here is today's curation of news from Sweden's startup and tech sector.
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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
- Pointsharp (Stockholm, provider of secure login solutions) acquired Germany-based secure communication specialist Cryptshare. Financial terms were not disclosed (English, Swedish).
Financing rounds
- Minut (Malmö, camera-less home security solution): $14M in a Series B round led by Almaz Capital, with participation from Zenith, Kompas, Verve Ventures and Swiss Immo Lab. Previous investors Karma, SOSV’s HAX and KPN Ventures also participated (English).
- My Telescope (Stockholm, SaaS solution to measure market trends, brand strength, and marketing campaign effectiveness): €2.5M ($2.8M) in seed funding led by Vendep Capital and Trind VC (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
- Paynova, Stockholm-based fintech company providing pay later solutions for businesses, secured a $1.7M deal from Visa (Swedish, machine translation).
- A Breakit investigation revealed that one digital service provided by Swedish startup Orderhero isn't compliant with the rules of the Swedish Tax Authority. The company says it plans to adjust the service. It is currently gearing up for a public listing (Swedish, machine translation).
- SUP46, Stockholm's iconic startup hub, has decided to focus on its platform for founders and startups, and to stop operating a physical space for co-working (English).
- Tima Magazine published its annual TIME100 list of the world’s most influential companies. From what I can see, Swedish protagonists that made it are Spotify, Klarna and Swedish-Kenyan developer of electric mobility technology Opibus (English).
Other interesting things from the startup/VC world & beyond
- How a VC can compete and win a deal that many others want (English).
- VCs pass on board seats to secure deals in hot crypto start ups (English / FT paywall, alternative URL).
Other interesting things from Sweden
- Technology from various major Swedish companies such as Sandvik, SKF, Seco Tools and Atlas Copco, has found its way into Russian nuclear weapons (Swedish, machine translation).
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That's it for today.
