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1. TRACXN MONTHLY REPORT
DECEMBER 2021
SWEDEN TECH

2. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Contents
2
Sweden Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 7
Top Funded Business Models - last 1 year 9
New Analyst Picks 10
IPOs 12
Acquisitions 13
Recent News 14

3. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech Snapshot – December 2021
Sweden Tech: Snapshot – December 2021
Note : "Investors" refers to "Institutional Investors" only
3
$261M
8 1
Overall Geo Stats
12
6
30
9
12
Funding Rounds $ Invested Analyst Picks
MAJORITY
Upgraded to
SOONICORN
New Investors
Flat Capital
3E Bioventures Capital
Series A+ rounds Active Investors IPOs
Tobii Dynavox
Acquisitions
Elk Studios
24Storage
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Stockholm
(5 Rounds, $175M)
Uppsala
(3 Rounds, $4.3M)
Helsingborg
(1 Rounds, $49.2M)
Gothenburg
(1 Rounds, $7.2M)
$115M - Series D
Voi (2018, Stockholm, $500M)
$49.2M - Series C
Occlutech (2003, Helsingborg, $70.8M)
$27M - Series A
MAJORITY (2019, Stockholm, $46M)
$24M - Series B
Candela (1994, Lidingo, $24M)
Inbox Capital
(2 Investments)
Creandum
(1 Investments)
Kreos Capital
(1 Investments)
Raine Group
(1 Investments)
Electric Vehicles
Voi
Road Transport Tech
Cardiac and Vascular Disorders
Occlutech
Remittance
MAJORITY
Market Size
Companies Covered 6,382
Funded Companies 2,464
Total Funding $22.5B
Funding in last 12 months $8.5B
Top Exits
IPOs 190
Acquisitions 545
Company Stage
Unicorns 3
Soonicorns 36
Minicorns 169
Editor Picks 786
Series A+ 535
Series C+ 109
Acqui-Hires 1
Deadpooled 372
Top Cities
Stockholm (1,200 Rounds, $17.3B)
Gothenburg (193 Rounds, $1.2B)
Top Investors
Almi Invest (274 Investments)
Sting (83 Investments)

4. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Sweden Tech as of December 2021
Sweden Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (December 2021)*
Voi
(2018, Stockholm, $500M)
$115M - Series D Raine Group
Occlutech
(2003, Helsingborg, $70.8M)
$49.2M - Series C
MAJORITY
(2019, Stockholm, $46.0M)
$27.0M - Series A Valar Ventures
Candela
(1994, Lidingo, $24.0M)
$24.0M - Series B EQT Ventures
ITBMed
(2016, Stockholm, $87.0M)
$20.0M - Series A 3E Bioventures Capital
Volumental
(2012, Stockholm, $17.7M)
$13.0M - Series B CNI
Oncorena
(2011, Gothenburg, $10.0M)
$7.2M - Series A Linc
Favro
(2016, Uppsala, $4.3M)
$4.3M - Seed Practica Capital
Gamifiera
(2019, Sollentuna, $1.3M)
$1.3M - Seed
*Shows only the lead Investors

5. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Sweden Tech in December 2021
Sweden Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$49.2M - Series C
Occlutech (2003, Helsingborg, $70.8M)
Provider of devices for structural heart disease
LATE STAGE
$115.0M - Series D
Voi (2018, Stockholm, $500.0M)
App-based platform offering electric-kick scooter
rental services
Raine Group, Vostok New Ventures, Stena Sessan,
Kreos Capital, Nineyards Equity, and 4 more
LATE STAGE
Series D
KRY (2014, Stockholm, $571.2M)
Provider of tele-consultation platform for patients
Flat Capital
EARLY STAGE
$7.2M - Series A
Oncorena (2011, Gothenburg, $10.0M)
Developer of a novel natural treatment for patients
with metastatic kidney cancer
Healthcap, Linc, Fåhraeus Startup and Growth Fund
EARLY STAGE
$13.0M - Series B
Volumental (2012, Stockholm, $17.7M)
Provider of AI-based 3D foot scanning solutions
CNI, Backstage Invest,
EARLY STAGE
$20.0M - Series A
ITBMed (2016, Stockholm, $87.0M)
Developer of monoclonal antibodies to prevent
transplant rejections
3E Bioventures Capital, Yonjin Capital, Binhai Venture
Capital Investment Management
EARLY STAGE
$24.0M - Series B
Candela (1994, Lidingo, $24.0M)
Manufacturer of electric hydrofoils
EQT Ventures, Chris Anderson
EARLY STAGE
$27.0M - Series A
MAJORITY (2019, Stockholm, $46.0M)
App-based debit cards for migrants
Valar Ventures, Avid Ventures, Heartcore Capital
SEED STAGE
$1.3M - Seed
Gamifiera (2019, Sollentuna, $1.3M)
Platform offering gamified loyalty program for online
and omni channel retailers
,

6. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Sweden Tech in December 2021
Sweden Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
SEED STAGE
$4.3M - Seed
Favro (2016, Uppsala, $4.3M)
Project planning and management tool
Practica Capital, Scale Capital, Creandum, Inbox Capital
SEED STAGE
Seed
Plick (2013, Uppsala)
Mobile based second hand fashion marketplace
Schibsted Media Group
SEED STAGE
Seed
Evolar (2019, Uppsala)
Provider of perovskite-based solar panels
Magnora

7. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Sweden Tech in December 2021
Sweden Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Flat Capital
3 portfolio companies | Venture capital firm focused on early stage companies
KRY
Provider of tele-consultation platform for patients
Undisclosed Series D
3E Bioventures Capital
28 portfolio companies | Tech & Life Science focused early & growth stage VC
firm investing in the US & China
ITBMed
Developer of monoclonal antibodies to prevent transplant rejections
$20.00M Series A
webhallen.com
1 portfolio companies | Webhallen.com
Gamifiera
Platform offering gamified loyalty program for online and omni channel
retailers
$1.30M Seed
quiqholding.vdtrxn
1 portfolio companies |
Gamifiera
Platform offering gamified loyalty program for online and omni channel
retailers
$1.30M Seed
abanicoinvest.vdtrxn
1 portfolio companies |
Volumental
Provider of AI-based 3D foot scanning solutions
$13.00M Series B
Practica Capital
57 portfolio companies | Seed to growth VC firm funding companies in the
Baltics
Favro
Project planning and management tool
$4.30M Seed
ICT Capital
2 portfolio companies | Venture capital firm investing in growth stage disruptive
tech sectors
Voi
App-based platform offering electric-kick scooter rental services
$115M Series D
Yonjin Capital
9 portfolio companies | Venture capital firm backed by Yongjin Group
ITBMed
Developer of monoclonal antibodies to prevent transplant rejections
$20.00M Series A
Ilmarinen
8 portfolio companies | Pension fund in Finland
Voi
App-based platform offering electric-kick scooter rental services
$115M Series D
Binhai Venture Capital Investment Management
2 portfolio companies | Diversified asset management firm
ITBMed
Developer of monoclonal antibodies to prevent transplant rejections
$20.00M Series A

8. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Sweden Tech in December 2021
Sweden Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Fåhraeus Startup and Growth Fund
1 portfolio companies | Venture capital firm focused on early-stage life science
and technology sectors
Oncorena
Developer of a novel natural treatment for patients with metastatic
kidney cancer
$7.24M Series A
Scale Capital
5 portfolio companies | Tech focused early stage VC firm investing primarily in
Denmark
Favro
Project planning and management tool
$4.30M Seed

9. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
9
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲1 Lithium Ion Batteries $2.8B 1 Northvolt | $2.8B | Unattributed
2 ▼-1 Internet First Point of Sale Financing $1.7B 4 Klarna | $1.0B | Series H
3 -- Electric Car Manufacturers $550M 1 Polestar | $550M | Unattributed
4 ▲52 Music Licensing Marketplace $467M 2 Epidemic Sound | $450M | Series D
5 ▼-2 Web Based Platform for Doctor Consultation $413M 4 KRY | $317M | Series D
6 <> 0 Free Float Electric Kick Scooter Rentals $160M 2 Voi | $115M | Series D
7 ▲20 Autonomous Electric Truck Manufacturers $110M 1 Einride | $110M | Series B
8 ▲20 Autonomous Trucks $110M 1 Einride | $110M | Series B
9 ▲20 Self-Driving Ecommerce Delivery Vehicles $110M 1 Einride | $110M | Series B
10 ▲12 Smart Lockers $90.0M 1 Instabox | $90.0M | Series B

10. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Sweden Tech in December 2021
Sweden Tech: Analyst Picks
10
Upgraded to SOONICORN
MAJORITY (2019, Stockholm, $19.0M, Seed)
App-based debit cards for migrants
Avid Ventures,Heartcore Capital,Valar Venturesand
Upgraded to SOONICORN
ITBMed (2016, Stockholm, $67.0M, Angel)
Developer of monoclonal antibodies to prevent
transplant rejections
3E Bioventures Capital, Binhai Venture Capital
Investment Management, Pablo Legorreta and 1 other
Investors
Upgraded to MINICORN
Favro (2016, Uppsala, $4.3M, Seed)
Project planning and management tool
Creandum, Scale Capital, Inbox Capital and 2 other
Investors
Added to Editor's Pick
All Ears (2018, Stockholm, $532K, Seed)
Media monitoring solution
Mattias Weinhandl, Propel, Maths Olsson and 5 other
Investors
Added to Editor's Pick
Kavall (2021, Stockholm, $5.8M, Series A)
Online platform offering multi-category grocery
supplies
Samir Bachkani, Fredrik Jung-Abbou, Vostok New
Ventures and 1 other Investors
Added to Editor's Pick
Sensebit (2007, Stockholm, Undisclosed, Seed)
Provider of a web-based traffic analytics platform
Uppsala Innovation Centre,NEA Partnersand
Added to Editor's Pick
Hejmo (2018, Malmo, $2.9M, Seed)
Online platform for residential mortgage loans
Spiltanand

11. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Sweden Tech in December 2021
Sweden Tech: Analyst Picks
11
Added to Editor's Pick
Scaleout (2015, Uppsala, Unfunded)
Provider of cloud and AI-based federated learning
solutions for training models
Added to Editor's Pick
JabberBrain (2016, Stockholm, Unfunded)
Provider of a conversational AI development platform
for enterprises

12. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
09 Dec 2021
Tobii Dynavox (1983, Danderyd, )
Provider of assistive communication solution for differently abled
people via eye tracking
$
NASDAQ
OMX:TDVOX
IPOs
List of IPOs in Sweden Tech in December 2021
Sweden Tech: IPOs
12

13. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Sweden Tech in December 2021
Sweden Tech: Acquisitions
13
Acq. Date Company Acquirer Deal Size
01 Dec 2021
Elk Studios(2012, Stockholm, $3.0M)
Mobile games developer
Scientific Games
09 Dec 2021
24Storage(2015, Stockholm, $10.1M)
Self storage service provider
Nuveen
13 Dec 2021
Medinet(2007, Stockholm)
Digital scheduling tool for healthcare professionals
Visma
15 Dec 2021
Green Tile Digital(2020, Skovde)
Developer of PC and console-based horror games
Amplifier Game Invest
15 Dec 2021
Smart Eye(1999, Gothenburg, $3.9M)
Provider of AI-enabled eye tracking systems and software
GrandVision
20 Dec 2021
Euroflorist(1982, Malmon)
Online platform to buy from local florists
Magnus Silfverberg

14. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Sweden Tech in December 2021
Sweden Tech:News
14
Exit News
.
● Spotify Announces Acquisition of Audiobook Leader Findaway IndianWeb2
.
● Spotify's latest acquisition helps turn radio shows into podcasts Engadget
.
● Advent, GIC Drop $8B Bid For Swedish Drugmaker Sobi Law360
.
● Embracer buys board games publisher Asmodee in $3 billion deal The Star Online
.
● Open Banking Platform Tink Finalizes Acquisition of FinTecSystems Crowdfund
Insider
.
● Embracer Group enters into agreement to acquire Perfect World
EntertainmentPR Newswire
.
● Sandvik to acquire leading mine planning software company Deswik and
launch new Digital Mining Technologies di... PR Newswire
.
● ASSA ABLOY acquires Małkowski-Martech in Poland PR Newswire
.
People News
.
● Disney takes new general counsel from Spotify Telecompaper
.
● ALICE Technologies Hires Jan Surovec As VP Of Engineering AiThority
.
● Decentralized Application Platform, Moralis, Welcomes Former Coinbase
Engineer Craig Hammel to its Team Crowdfund Insider
.
Company News
.
● Klarna launches in Portugal with ‘Pay in 3’ BNPL option Electronic Payments
International
.
● Viaplay launches in US on Dec 15 Advanced Television
.
● Sedana Medical receives IND approval for US trial PR Newswire
.
● FDA grants Calliditas Therapeutics Accelerated Approval of TARPEYO™
(budesonide) to Reduce Proteinuria in IgA ... PR Newswire

15. Sweden Tech - December 2021 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Explore more on Tracxn
Explore more about Sweden Tech on Tracxn Platform
Sweden Tech: Explore more on Tracxn Platform
15
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Sweden
AI Companies in Sweden
Fintech Companies Sweden
Consumer Digital in Sweden
Company Due Diligence
Detailed profile of Neo4j
Competitors of KRY
Cap Tables of Epidemic Sound
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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