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1. TRACXN MONTHLY REPORT
SEPTEMBER 2021
SWEDEN TECH

2. Sweden Tech - September 2021 Copyright © 2021, 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 - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Sweden Tech Snapshot – September 2021
Sweden Tech: Snapshot – September 2021
Note : "Investors" refers to "Institutional Investors" only
3
$271M
11 1
Overall Geo Stats
16
6
42
15
18
Funding Rounds $ Invested Analyst Picks
CAKE Upgraded to
SOONICORN
New Investors
Kearney
2050do
Series A+ rounds Active Investors IPOs
Sectra
Acquisitions
Barium#@
Swedish Orphan
Biovitrum#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Stockholm
(14 Rounds, $255M)
Gothenburg
(2 Rounds, $3.5M)
Skane
(1 Rounds, $11.5M)
Boras
(1 Rounds, $1.2M)
$46M - Series B
CAKE (2016, Stockholm, $60M)
$45M - Series B
Hedvig (2016, Stockholm, $68M)
$45M - Series B
Billogram (2011, Stockholm, $53.6M)
$43.7M - Series B
Volta Trucks (2019, Stockholm, $63.7M)
CommerzVentures
(3 Investments)
Accel
(1 Investments)
Advent International
(1 Investments)
McKinsey & Company
(1 Investments)
Electric Vehicles
CAKE
Finance & Accounting Tech
Billogram
Payments
Internet First Insurance
Platforms
Hedvig
Market Size
Companies Covered 6,016
Funded Companies 2,356
Total Funding $20.9B
Funding in last 12 months $8.2B
Top Exits
IPOs 185
Acquisitions 520
Company Stage
Unicorns 1
Soonicorns 32
Minicorns 173
Editor Picks 757
Series A+ 527
Series C+ 107
Acqui-Hires 1
Deadpooled 364
Top Cities
Stockholm (1,184 Rounds, $16.9B)
Gothenburg (187 Rounds, $1.2B)
Top Investors
Almi Invest (273 Investments)
Sting (84 Investments)

4. Sweden Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Sweden Tech as of September 2021
Sweden Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (September 2021)*
CAKE
(2016, Stockholm, $60.0M)
$46.0M - Series B AMF
Billogram
(2011, Stockholm, $53.6M)
$45.0M - Series B Partech Partners
Hedvig
(2016, Stockholm, $68.0M)
$45.0M - Series B Cherry Ventures
Volta Trucks
(2019, Stockholm, $63.7M)
$43.7M - Series B Luxor Capital Group
Doconomy
(2018, Stockholm, $24.0M)
$17.0M - Series B CommerzVentures
Tracklib
(2014, Stockholm, $23.2M)
$16.8M - Series B Sony Innovation Fund
Stravito
(2017, Stockholm, $23.8M)
$14.7M - Series A Endeit Capital
ClimateView
(2017, Stockholm, $16.9M)
$11.7M - Series A CommerzVentures
YouCruit
(2012, Skane, $20.5M)
$11.5M - Series A
Anyfin
(2017, Stockholm, $55.0M)
$10.1M - Series B Augmentum
Zero Point Technologies
(2015, Gothenburg, $4.7M)
$3.5M - Seed Industrifonden
*Shows only the lead Investors

5. Sweden Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Sweden Tech in September 2021
Sweden Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
EARLY STAGE
$10.1M - Series B
Anyfin (2017, Stockholm, $55.0M)
Online platform for debt consolidation loans
Augmentum, Global Founders Capital, EQT Ventures,
Accel, Northzone
EARLY STAGE
$11.5M - Series A
YouCruit (2012, Skane, $20.5M)
Applicant tracking software for enterprises
EARLY STAGE
$11.7M - Series A
ClimateView (2017, Stockholm, $16.9M)
Provider of solutions for data intelligence for air
pollution
CommerzVentures, NordicNinja, Gaingels Syndicate,
Norrsken Foundation, 2050do
EARLY STAGE
$14.7M - Series A
Stravito (2017, Stockholm, $23.8M)
Cloud based platform offering knowledge management
and predictive analytics solutions
Endeit Capital, Creades, henQ, Inventure
EARLY STAGE
$16.8M - Series B
Tracklib (2014, Stockholm, $23.2M)
Online marketplace to discover, buy, and license tracks
Sony Innovation Fund, WndrCo, Baron Davis
EARLY STAGE
$17.0M - Series B
Doconomy (2018, Stockholm, $24.0M)
Digital bank for individuals
CommerzVentures, Mastercard, Wiklof Holding, Bank
of Åland
EARLY STAGE
$43.7M - Series B
Volta Trucks (2019, Stockholm, $63.7M)
Developer of electric trucks
Luxor Capital Group, Proterra, Agility Partners
EARLY STAGE
$45.0M - Series B
Hedvig (2016, Stockholm, $68.0M)
App-based platform for home insurance
Obvious Ventures, nineyardsequity, CommerzVentures,
Novax, Cherry Ventures, and 4 more
EARLY STAGE
$45.0M - Series B
Billogram (2011, Stockholm, $53.6M)
Invoicing and payment management software for small
businesses
Partech Partners

6. Sweden Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Sweden Tech in September 2021
Sweden Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
6
EARLY STAGE
$46.0M - Series B
CAKE (2016, Stockholm, $60.0M)
Manufacturer of off-road electric motorbikes
AMF, Creandum, Headline
EARLY STAGE
Series A
Qred (2015, Stockholm)
Online platform for business loans
Nordic Capital
SEED STAGE
$484.4K - Seed
Enerpoly (2018, Stockholm, $3.0M)
Manufacturer of zinc-ion batteries
SEED STAGE
$585.9K - Seed
Lunch.Co (2010, Stockholm, $585.9K)
Online marketplace for buying or selling home-cooked
lunches at work
, Antler, Rockstart
SEED STAGE
$708.9K - Seed
Warpin media (2016, Stockholm, $708.9K)
Provider of VR-based training solutions
Katarina von Horn, Alexis Barnekow
SEED STAGE
$1.2M - Seed
Gigantic Duck (2019, Boras, $1.2M)
Video game developer focusing on casual games
Chiffonjén
SEED STAGE
$3.0M - Seed
Inex One (2017, Stockholm, $3.0M)
Expert network marketplace platform
Kearney, McKinsey & Company, Triton, Curitas
Ventures, Advent International, and 4 more
SEED STAGE
$3.5M - Seed
Zero Point Technologies (2015, Gothenburg,
$4.7M)
Provider of IP core solutions for memory compression
Industrifonden
SEED STAGE
Seed
Lilmix (2018, Gothenburg)
Esports player organization
RightBridge Ventures

7. Sweden Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors (1/2)
List of New Investors in Sweden Tech in September 2021
Sweden Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Kearney
1 portfolio companies | Provider of management consulting services
Inex One
Expert network marketplace platform
$3.00M Seed
2050do
2 portfolio companies | Investment management firm
ClimateView
Provider of solutions for data intelligence for air pollution
$11.68M Series A
Bank of Åland
1 portfolio companies | Commercial bank and fund of funds focused on the
fintech sector
Doconomy
Digital bank for individuals
$17.00M Series B
RightBridge Ventures
2 portfolio companies | Venture capital focused on eSport & gaming industries
Lilmix
Esports player organization
Undisclosed Seed
Curitas Ventures
1 portfolio companies | Venture capital firm focused on technology, life science,
and sustainability sectors
Inex One
Expert network marketplace platform
$3.00M Seed
Advent International
96 portfolio companies | Private equity firm
Inex One
Expert network marketplace platform
$3.00M Seed
Gaingels Syndicate
103 portfolio companies | Venture capital firm focused on tech and life sciences
companies
ClimateView
Provider of solutions for data intelligence for air pollution
$11.68M Series A
Triton
4 portfolio companies | Private equity fund focused on multiple sectors
Inex One
Expert network marketplace platform
$3.00M Seed
Wiklof Holding
1 portfolio companies | Private equity fund and fund of funds focused on
multiple sectors
Doconomy
Digital bank for individuals
$17.00M Series B
Chiffonjén
2 portfolio companies | Late stage investments focused PE firm
Gigantic Duck
Video game developer focusing on casual games
$1.16M Seed

8. Sweden Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors (2/2)
List of New Investors in Sweden Tech in September 2021
Sweden Tech: List of New Investors
8
Investor Company Info Round Amount Round Name
Agility Partners
1 portfolio companies | Agility Partners | Home - Agility Partners
Volta Trucks
Developer of electric trucks
$43.71M Series B
Proterra
1 portfolio companies | Manufacturer of electric buses
Volta Trucks
Developer of electric trucks
$43.71M Series B
veq.vc
1 portfolio companies | VEQ – Venture capital
Lunch.Co
Online marketplace for buying or selling home-cooked lunches at work
$586K Seed
Augmentum
34 portfolio companies | VC fund for FinTech startups
Anyfin
Online platform for debt consolidation loans
$10.10M Series B
Endeit Capital
29 portfolio companies | Tech focused growth stage VC firm investing in Europe
Stravito
Cloud based platform offering knowledge management and predictive
analytics solutions
$14.66M Series A
McKinsey & Company
8 portfolio companies | Provider of management consulting & support services
Inex One
Expert network marketplace platform
$3.00M Seed

9. Sweden Tech - September 2021 Copyright © 2021, 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 5 Klarna | $1.0B | Series H
3 -- Electric Car Manufacturers $550M 1 Polestar | $550M | Unattributed
4 ▲43 Music Licensing Marketplace $467M 2 Epidemic Sound | $450M | Series D
5 ▼-2 Web Based Platform for Doctor Consultation $413M 3 KRY | $317M | Series D
6 ▼-1 Free Float Electric Kick Scooter Rentals $152M 2 Voi | $107M | Series C
7 ▼-1 Open Banking API Providers $151M 2 Tink | $103M | Series D
8 <> 0 Autonomous Electric Truck Manufacturers $120M 2 Einride | $110M | Series B
9 <> 0 Autonomous Trucks $120M 2 Einride | $110M | Series B
10 <> 0 Self-Driving Ecommerce Delivery Vehicles $120M 2 Einride | $110M | Series B

10. Sweden Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Sweden Tech in September 2021
Sweden Tech: Analyst Picks
10
Upgraded to SOONICORN
CAKE (2016, Stockholm, $46.0M, Series B)
Manufacturer of off-road electric motorbikes
Creandum, AMF, e.ventures and 4 other Investors
Upgraded to SOONICORN
Hedvig (2016, Stockholm, $10.4M, Series A)
App-based platform for home insurance
Cherry Ventures, Sven Hagströmer, Matthew Jones and
10 other Investors
Upgraded to MINICORN
Inex One (2017, Stockholm, $3.0M, Seed)
Expert network marketplace platform
Brad Brown, Oliver Wyman, Kearney and 6 other
Investors
Added to Editor's Pick
Symcel (2004, Stockholm, $6.3M, Series A)
Microcalorimeter for cell metabolism measurements
European Commission,Flerie Invest,Stingand
Added to Editor's Pick
Norbloc (2016, Stockholm, $1.6M, Seed)
Provider of KYC and AML software solutions
Digital Currency Group, F10, Venture Friends and 4
other Investors
Added to Editor's Pick
BYON8 (2015, Stockholm, $460K, Seed)
AI-based medical diagnostic software
Luminar Ventures, Fredrik Olofsson, PeopleVentures
and 1 other Investors
Added to Editor's Pick
Qred (2015, Stockholm, Undisclosed, Series A)
Online platform for business loans
Nordic Capitaland

11. Sweden Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Sweden Tech in September 2021
Sweden Tech: Analyst Picks
11
Added to Editor's Pick
Hygglo (2016, Stockholm, $890K, Seed)
Online P2P rental platform for consumer goods
Schibsted Growth,Norrsken Foundationand
Added to Editor's Pick
Insurely (2017, Stockholm, $603K, Seed)
App-based insurance management platform for
individuals and enterprises
Robert Chirico Willsted, Mikael Karlsson, Elias Jacobson
and 2 other Investors
Added to Editor's Pick
Multigrid (2015, Stockholm, $1.4M, Seed)
Sustainable Data Center design, build and operating
services
Added to Editor's Pick
Gigantic Duck (2019, Boras, $1.2M, Seed)
Video game developer focusing on casual games
Chiffonjénand
Added to Editor's Pick
Jobtip (1988, Gothenburg, Unfunded)
Talent recruitment management platform
Added to Editor's Pick
Handiplats (, Lund, Unfunded)
App-based platform offering parking space booking
services for disabled people
Added to Editor's Pick
Dcipher Analytics (2018, Stockholm, Unfunded)
Cloud based unstructured data and text analytics
solution provider
Added to Editor's Pick
ETM (1997, Bromma, Unfunded)
Provider of diversified IoT components

12. Sweden Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
27 Sep 2021
Sectra (1978, Linkoping, )
Developer of imaging solutions for radiology, digital pathology, and
orthopedics
LON:0A0L
IPOs
List of IPOs in Sweden Tech in September 2021
Sweden Tech: IPOs
12

13. Sweden Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Sweden Tech in September 2021
Sweden Tech: Acquisitions
13
Acq. Date Company Acquirer Deal Size
01 Sep 2021
Barium(1995, Gothenburg)
Cloud based platform offering software to build applications
InRule
02 Sep 2021
Swedish Orphan Biovitrum(1988, Stockholm)
Developer of therapies for rare diseases like Haemophilia,
Inflammation, and Genetic diseases
Advent International $8000.0M
09 Sep 2021
Ugglo(2017, Stockholm, $0.4M)
Digital library of children books
ILT Education
13 Sep 2021
Edge(2002, Stockholm)
HR management software for enterprises
Simployer
17 Sep 2021
Fleaty(2018, Solna)
SaaS-driven concrete dispatching solution for construction
professionals
Hesus
27 Sep 2021
Most(2014, Stockholm)
Integrated solutions for real-time cargo tracking & montoring
Nexxiot

14. Sweden Tech - September 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Sweden Tech in September 2021
Sweden Tech:News
14
Exit News
.
● Advent and Aurora Investment offers to buy Sweden’s SOBI in $8- bln deal
Financial Post
.
● Bridgestone Completes Acquisition of Azuga Holdings Tire Review
.
● Euroclear: Completes acquisition of MFEX Group FinTechInShorts
.
● Assa Abloy To Acquire Arran Isle Ltd In The Uk PR Newswire
.
● Sinch takes a leading position in interactive messaging services through the
acquisition of MessengerPeople GlobeNewswire
.
● Assa Abloy buys Spectrum home improvement business for $4.3 bln Financial Post
.
● Abu Dhabi’s twofour54 to sell mobile gaming studio Jawaker for AED753
million ITP
.
● Qualcomm Said to Place Binding Bid for Auto Tech Firm Veoneer BloombergQuint
.
People News
.
● Truelayer appoints Klarna's Mariko Beising as head of payment partnerships
Finextra
● STL appoints former Ericsson Executive Paolo Colella to its Advisory Council
Adgully
.
● Celestia UK names Devlin as chief executive Daily Business
.
● Precise Biometrics Begins Search for New CEO FindBiometrics
.
● Cyclo Therapeutics names Lise Kjems as chief medical officer Seeking Alpha
.
● Anders Sundström proposed as new Chairman of the Board in SkiStar
GlobeNewswire
.
Company News
.
● Opening new doors in the U.S., Internet Vikings launches iGaming hosting in
Colorado PR Newswire

15. Sweden Tech - September 2021 Copyright © 2021, 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 Epidemic Sound
Competitors of
Cap Tables of
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
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Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
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Upcoming Events
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Global Sector Landscape

16. Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
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