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1. TRACXN MONTHLY REPORT
MARCH 2022
SWEDEN TECH

2. Sweden Tech - March 2022 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
Acquisitions 12
Recent News 13

3. Sweden Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Sweden Tech Snapshot – March 2022
Sweden Tech: Snapshot – March 2022
Note : "Investors" refers to "Institutional Investors" only
3
$205M
9
Overall Geo Stats
13
4
36
11
14
Funding Rounds $ Invested Analyst Picks
Insurely Upgraded
to MINICORN
New Investors
Klimatet Invest
Fabric Ventures
Series A+ rounds Active Investors IPOs Acquisitions
Svenska Stallplatser
Debricked
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Stockholm
(7 Rounds, $136M)
Norrkoping
(2 Rounds, $2.9M)
Gothenburg
(1 Rounds, $26.8M)
Gavle
(1 Rounds, $10.6M)
$100M - Series C
Tibber (2016, Stockholm, $177M)
$26.8M - Series A
Mycorena (2017, Gothenburg, $38.2M)
$20.7M - Series A
Insurely (2018, Stockholm, $24.0M)
$14M - Series B
Minut (2014, Malmo, $25.7M)
Klimatet Invest
(2 Investments)
Balderton Capital
(1 Investments)
Insight Partners
(1 Investments)
Advent International
(1 Investments)
Smart Homes
Tibber
Energy Efficiency Tech
Food Tech
Mycorena
Insurance IT
Insurely
Market Size
Companies Covered 6,862
Funded Companies 2,576
Total Funding $23.5B
Funding in last 12 months $7.3B
Top Exits
IPOs 188
Acquisitions 564
Company Stage
Unicorns 4
Soonicorns 37
Minicorns 178
Editor Picks 829
Series A+ 556
Series C+ 116
Acqui-Hires 1
Deadpooled 401
Top Cities
Stockholm (1,259 Rounds, $17.9B)
Gothenburg (203 Rounds, $1.3B)
Top Investors
Almi Invest (302 Investments)
Sting (89 Investments)

4. Sweden Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Sweden Tech as of March 2022
Sweden Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (March 2022)*
Tibber
(2016, Stockholm, $177M)
$100M - Series C Summa Equity
Mycorena
(2017, Gothenburg, $38.2M)
$26.8M - Series A
Insurely
(2018, Stockholm, $24.0M)
$20.7M - Series A Insight Partners
Minut
(2014, Malmo, $25.7M)
$14.0M - Series B Almaz Capital
XNK Therapeutics
(2012, Huddinge, $13.9M)
$13.9M - Series B Flerie Invest
Altris
(2017, Uppsala, $12.7M)
$10.6M - Series A Molindo
Trailblazer Games
(2021, Singapore, $8.2M)
$8.2M - Series A Makers Fund
Bower
(2020, Stockholm, $5.7M)
$4.7M - Seed Almi
Ligna Energy
(2017, Norrkoping, $1.4M)
$2.9M - Seed Klimatet Invest
My Telescope
(2018, Stockholm, $3.4M)
$2.8M - Seed Vendep Capital
*Shows only the lead Investors

5. Sweden Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Sweden Tech in March 2022
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
$100.0M - Series C
Tibber (2016, Stockholm, $177.0M)
Provider of solutions for energy monitoring for
residential building
Summa Equity, Balderton Capital, Eight Roads
Ventures, Schibsted Media Group
LATE STAGE
PE
Medius (2001, Stockholm)
Provider of cloud-based source-to-pay software
Advent International
EARLY STAGE
$8.2M - Series A
Trailblazer Games (2021, Singapore, $8.2M)
Developer of NFT blockchain games for PC and console
Makers Fund, Play Ventures, Fabric Ventures
EARLY STAGE
$10.6M - Series A
Altris (2017, Uppsala, $12.7M)
Producer of cathode and anode materials for
rechargeable sodium batteries
Molindo, Northvolt, EIT InnoEnergy
EARLY STAGE
$13.9M - Series B
XNK Therapeutics (2012, Huddinge, $13.9M)
Developer of cell-based immunotherapy for the
treatment of cancer
Flerie Invest
EARLY STAGE
$14.0M - Series B
Minut (2014, Malmo, $25.7M)
Developer of security sensor for residential buildings
Almaz Capital, Verve Ventures, KPN Ventures, Kompas,
Swiss Immo Lab, and 3 more
EARLY STAGE
$20.7M - Series A
Insurely (2018, Stockholm, $24.0M)
Online platform for insurance data insights
Insight Partners, Alfvén & Didrikson, Luminar Ventures,
Philian, Neptunia Invest, and 1 more
EARLY STAGE
$26.8M - Series A
Mycorena (2017, Gothenburg, $38.2M)
Producer sustainable fungi-based protein
EARLY STAGE
Series A
Zimpler (2012, Stockholm)
Mobile payment solutions for businesses
Nordstjernan Growth, Inbox Capital

6. Sweden Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Sweden Tech in March 2022
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
$1.4M - Seed
Ligna Energy (2017, Norrkoping, $1.4M)
Provider of plant-based energy storage solution
Klimatet Invest
SEED STAGE
$1.4M - Seed
Ligna Energy (2017, Norrkoping, $1.5M)
Developer of polymers and biopolymers-based battery
systems
Klimatet Invest
SEED STAGE
$2.8M - Seed
My Telescope (2018, Stockholm, $3.4M)
Cloud based marketing intelligence solutions provider
Vendep Capital, Trind VC
SEED STAGE
$4.7M - Seed
Bower (2020, Stockholm, $5.7M)
Provider of reward-based recycling solutions
Blq Invest, Verdane, Orkla, Almi
SEED STAGE
Seed
Svea Solar (2014, Sollentuna)
Provider of solar battery storage and energy
consumption monitoring solutions
Altor Equity Partners

7. Sweden Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Sweden Tech in March 2022
Sweden Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Klimatet Invest
2 portfolio companies | Venture capital fund focused on cleantech startups
Ligna Energy
Provider of plant-based energy storage solution
$1.44M Seed
Fabric Ventures
22 portfolio companies | VC fund investing in blockchain and decentralised
networks
Trailblazer Games
Developer of NFT blockchain games for PC and console
$8.20M Series A
Play Ventures
44 portfolio companies | Venture capital firm focused on gaming startups
Trailblazer Games
Developer of NFT blockchain games for PC and console
$8.20M Series A
Nordstjernan Growth
1 portfolio companies | Private equity fund focused on tech businesses
Zimpler
Mobile payment solutions for businesses
Undisclosed Series A
Northvolt
1 portfolio companies | Manufacturer of lithium-ion batteries for electric
vehicles
Altris
Producer of cathode and anode materials for rechargeable sodium
batteries
$10.61M Series A
Makers Fund
66 portfolio companies | Venture capital fund focused on the entertainment
sector
Trailblazer Games
Developer of NFT blockchain games for PC and console
$8.20M Series A
Philian
1 portfolio companies |
Insurely
Online platform for insurance data insights
$20.69M Series A
Trind VC
22 portfolio companies | VC firm focusing on ICT startups
My Telescope
Cloud based marketing intelligence solutions provider
$2.76M Seed
Vendep Capital
27 portfolio companies | Tech focused Accelerator & VC firm investing primarily
in the US, the UK and Finland
My Telescope
Cloud based marketing intelligence solutions provider
$2.76M Seed
Verve Ventures
121 portfolio companies | Venture capital firm investing in science & tech-driven
startups
Minut
Developer of security sensor for residential buildings
$14.00M Series B

8. Sweden Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Sweden Tech in March 2022
Sweden Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Kompas
1 portfolio companies | Venture capital-backed accelerator focused on IoT,
climate tech, prop-tech, and multiple sectors
Minut
Developer of security sensor for residential buildings
$14.00M Series B
Almaz Capital
58 portfolio companies | VC firm investing in early stage tech companies in the
US & Europe
Minut
Developer of security sensor for residential buildings
$14.00M Series B
Swiss Immo Lab
12 portfolio companies | Multi-strategy focused real estate fund
Minut
Developer of security sensor for residential buildings
$14.00M Series B

9. Sweden Tech - March 2022 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 ▲2 Lithium Ion Batteries $2.8B 1 Northvolt | $2.8B | Unattributed
2 ▼-1 Internet First Point of Sale Financing $645M 2 Klarna | $639M | Series H
3 ▼-1 Retail Stores Shopper Financing Platforms $645M 2 Klarna | $639M | Series H
4 <> 0 Electric Car Manufacturers $550M 1 Polestar | $550M | Unattributed
5 ▲9 Web Based Platform for Doctor Consultation $413M 4 KRY | $317M | Series D
6 ▲23 Electric Truck Manufacturers $304M 3 Volta Trucks | $260M | Series C
7 ▲1 Free Float Electric Kick Scooter Rentals $160M 2 Voi | $115M | Series D
8 ▲31 Autonomous Electric Truck Manufacturers $110M 1 Einride | $110M | Series B
9 ▲31 Autonomous Trucks $110M 1 Einride | $110M | Series B
10 ▲31 Self-Driving Delivery Vehicles $110M 1 Einride | $110M | Series B

10. Sweden Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Sweden Tech in March 2022
Sweden Tech: Analyst Picks
10
Upgraded to MINICORN
Insurely (2018, Stockholm, $20.7M, Series A)
Online platform for insurance data insights
Insight Partners, Alfvén & Didrikson, Luminar Ventures
and 3 other Investors
Added to Editor's Pick
Bio-Works (2006, Uppsala, Undisclosed, Series A)
Provider of an of agarose based chromatography
products for protein and biomolecule analysis
Vinnova, Almi Invest, Stoaf and 2 other Investors
Added to Editor's Pick
Baffin Bay Networks (2017, Stockholm, $6.4M,
Series A)
Globally distributed threat protection against DDoS
attacks and Web Applications
EQT Venturesand
Added to Editor's Pick
Remint (2021, Stockholm, Unfunded)
Digital currency with a focus on the real estate market
Added to Editor's Pick
Ligna Energy (2017, Norrkoping, $27.9K, Seed)
Developer of polymers and biopolymers-based battery
systems
Klimatet Invest,LiU Investand
Added to Editor's Pick
Arelion (1993, Solna, Unfunded)
Platform offering SDN carrier solutions
Added to Editor's Pick
Nodinite (2012, Karlstad, Unfunded)
Cloud-based suite solutions for business process
management
Added to Editor's Pick
Whywaste (2013, Stockholm, $1.0M, Seed)
Provider of data-driven solutions for retail stores
Norrsken VC,Otivaand
Added to Editor's Pick
Off Script (2020, Stockholm, Unfunded)
Provider of software solutions for fashion brands and
retailers

11. Sweden Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Sweden Tech in March 2022
Sweden Tech: Analyst Picks
11
Added to Editor's Pick
GoRemote (2016, Jonkoping, Unfunded)
Manufacturer of a teleoperated robot for home and
office applications
Added to Editor's Pick
Napper (2019, Unfunded)
Provider of application to track baby sleep

12. Sweden Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Sweden Tech in March 2022
Sweden Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
09 Mar 2022
Svenska Stallplatser(2012, Savedalen)
Online platform that provides travel guides & trip planning
Acamp
14 Mar 2022
Debricked(2018, Malmo, $5.1M)
Cloud based application security solutions provider
Micro Focus
22 Mar 2022
PS Auction(1958, Svenljunga)
Online auction platform offering used multi-category products
TBAuctions
29 Mar 2022
Confido(1969, Vaxjo)
Accounting management solutions for businesses
Talenom

13. Sweden Tech - March 2022 Copyright © 2022, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Sweden Tech in March 2022
Sweden Tech:News
13
Exit News
.
● Visa closes acquisition of Tink Business Wire
.
● Medius Acquires Us-based Onpay Solutions To Strengthen ‘Last Mile’ Payment
Automation Financial IT
.
● CyberRes acquires Debricked to expand software security SecurityBrief
.
● Grant Thornton advises on cross-border sale of Scottish EdTech firm Private Equity
Wire
.
● Complete to acquire MerchantE Private Equity Wire
.
● ASSA ABLOY agrees to acquire JOTEC in Germany Seeking Alpha
.
● Digital Reality Firm Hexagon Acquires ETQ, Adding Market-leading SaaS-based
QMS Software Platform to Its Portfolio IndianWeb2
.
● Reynolds Advisory Partners Acts as Exclusive Financial Advisor to Microdesk on
Its Sale to Symetri, a Part of ... Business Wire
.
People News
.
● Ericsson appoints new chief legal officer Light Reading
● Venus Medtech appoints Shakeel Osman as Senior VP of Sales CNW
.
● Planet Appoints Brent Warrington as CEO to Lead Transformation and Create
Global Technology Leader Business Wire
.
● Katapult Adds New CMO and CHRO to Executive Team TecHR Series
.
● Orexo appoints Fredrik Järrsten as new CFO PR Newswire
.
● Board reshuffle on the agenda at Tagmaster securityworldmarket.com
.
Company News
.
● Swedish automotive firm opens Solihull showroom TheBusinessDesk.com
.
Regulatory News
.
● US DoJ says Ericsson made insufficient disclosure on internal Iraqi conduct
probe before deferred prosecution deal Telecompaper

14. Sweden Tech - March 2022 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
14
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 Voi
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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