Latest Brinja News
Jul 17, 2020
Bringing you the latest from Sweden's tech and startup industry. If this email has been forwarded to you, you can sign up for free at swedishtechweekly.com . Mergers and acquisitions Storytel (Stockholm, subscription service for audiobooks) continues its acquisition spree, buys a 80 percent majority stake in Stockholm-based audiobook production company Earselect. The price was not disclosed ( English , Swedish ). Financing rounds Peltarion (Stockholm, AI platform aimed at operationalizing AI technology quickly): SEK50M (€4.8M, $5.5M) as convertible debt from existing investors ( Swedish / DI Digital paywall). Percepio (Västerås, creator of a runtime visualization tool for embedded and IoT software): SEK22M (€2.1M, $2.4M) in a funding round led by Fairpoint Capital ( English ). Brinja (Gothenburg, IoT cloud system to increase safety on construction sites): SEK10M (€970K, $1.1M) from Almi Invest, existing investors and angel investors ( English , Swedish ). Stockrepublic (Stockholm, open banking platform for investments): SEK5.6M (€540K, $620K) from Almi Invest and angel investors ( English , Swedish ) Swedish VC firm Creandum partipcated in a $1.3M pre-seed funding round raised by Berlin-based productivity app Amie ( English ). Swedish VC firm EQT Ventures led a €8M funding round raised by Finnish mobile game studio Traplight ( English ). If you like Swedish Tech Weekly, please tell a friend, colleague or business partner about it! Forward this email, recommend swedishtechweekly.com on Slack/your team app of choice, or like/retweet this tweet . News from Swedish startups and the tech sector After the recent launch of its smart keychain and mobile app, Stockholm-based imagiLabs ' long-term goal is to "build a social network for girl coders", says CEO Dora Palfi ( English ). Buddy.inc is a new SaaS platform created by Stockholm-based tech support startup Techbuddy , which allows "businesses to manage customers’ service requests at scale using their own employees or deploying freelancers in the emerging 'gig economy'" ( English , Swedish / Breakit free registration needed). A look at how and why Stockholm-based maker of interactive presentation software Mentimeter relocates to a new city for an entire month every year, spending €500K ( English ). Gothenburg-based Minna Technologies partners with Britain's largest retail bank Lloyds Bank to provide its customers with subscription management services ( English ).