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1. TRACXN MONTHLY REPORT
NOVEMBER 2021
SWEDEN TECH

2. Sweden Tech - November 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 6
Top Funded Business Models - last 1 year 7
New Analyst Picks 8
Acquisitions 9
Recent News 11

3. Sweden Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Sweden Tech Snapshot – November 2021
Sweden Tech: Snapshot – November 2021
Note : "Investors" refers to "Institutional Investors" only
3
$89.0M
5
Overall Geo Stats
7
11
14
7
8
Funding Rounds $ Invested Analyst Picks
Sigrid Therapeutics
Upgraded to
MINICORN
New Investors
HEARTLAND
crosslightpartners.com
Series A+ rounds Active Investors IPOs Acquisitions
Bogard
Specops Soft
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Stockholm
(6 Rounds, $77.7M)
Lund
(1 Rounds, $6.9M)
Gothenburg
(1 Rounds, $4.4M)
$50M - Series C
Quinyx (2005, Stockholm, $103M)
$11.2M - Series B
Centra eCommerce (2008, Stockholm,
$11.2M)
$8.4M - Series A
Sigrid Therapeutics (2014, Stockholm,
$17.5M)
$6.9M - Seed
Asgard Therapeutics (2017, Lund, $6.9M)
Aggregate Media
(1 Investments)
Battery Ventures
(1 Investments)
Boehringer Ingelheim
Venture Fund
(1 Investments)
Ohman
(1 Investments)
HRTech
Quinyx
E-Commerce Enablers
Centra eCommerce
Brands Tech
B2B E-Commerce
Market Size
Companies Covered 6,276
Funded Companies 2,411
Total Funding $22.4B
Funding in last 12 months $8.5B
Top Exits
IPOs 188
Acquisitions 536
Company Stage
Unicorns 3
Soonicorns 35
Minicorns 176
Editor Picks 784
Series A+ 535
Series C+ 109
Acqui-Hires 1
Deadpooled 364
Top Cities
Stockholm (1,211 Rounds, $17.2B)
Gothenburg (190 Rounds, $1.2B)
Top Investors
Almi Invest (274 Investments)
Sting (82 Investments)

4. Sweden Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Sweden Tech as of November 2021
Sweden Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (November 2021)*
Quinyx
(2005, Stockholm, $103M)
$50.0M - Series C Battery Ventures
Centra eCommerce
(2008, Stockholm, $11.2M)
$11.2M - Series B Verdane
Sigrid Therapeutics
(2014, Stockholm, $17.5M)
$8.4M - Series A Joyance Partners
Asgard Therapeutics
(2017, Lund, $6.9M)
$6.9M - Seed Novo Holdings
Quartr
(2012, Stockholm, $4.5M)
$4.5M - Seed Ohman
TouchTech
(2008, Gothenburg, $4.4M)
$4.4M - Series A HEARTLAND
Parkamo
(2017, Stockholm, $2.4M)
$2.4M - Series A Aggregate Media
Nightingale
(2015, Stockholm, $2.2M)
$1.1M - Seed Katalysen
*Shows only the lead Investors

5. Sweden Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Sweden Tech in November 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
$50.0M - Series C
Quinyx (2005, Stockholm, $103.3M)
Cloud-based workforce management software
Battery Ventures
EARLY STAGE
$2.4M - Series A
Parkamo (2017, Stockholm, $2.4M)
App-based platform for parking space booking
Aggregate Media, EPTI, AllaNova
EARLY STAGE
$4.4M - Series A
TouchTech (2008, Gothenburg, $4.4M)
Interactive digital signage software solutions for offline
retailers
HEARTLAND
EARLY STAGE
$8.4M - Series A
Sigrid Therapeutics (2014, Stockholm, $17.5M)
Developer of therapies to treat metabolic and chronic
lifestyle diseases
Irrus Investments, Joyance Partners,
EARLY STAGE
$11.2M - Series B
Centra eCommerce (2008, Stockholm, $11.2M)
Platform offering headless e-commerce software for
B2B & B2C companies
Verdane
SEED STAGE
$1.1M - Seed
Nightingale (2015, Stockholm, $2.2M)
Digital lending solution for mortgage loans
Katalysen, Stefan Backlund, Anette Tanneryd, Jon
Wimmercranz
SEED STAGE
$4.5M - Seed
Quartr (2012, Stockholm, $4.5M)
App-based research and relations management
platform for individuals and companies
Ohman, Michael Batnick, Ben Carlson, Josh Brown,
Barry Ritholtz, and 1 more
SEED STAGE
$6.9M - Seed
Asgard Therapeutics (2017, Lund, $6.9M)
Developer of cancer immunotherapeutic solutions
based on direct cell reprogramming
Novo Holdings, Boehringer Ingelheim Venture Fund,
Industrifonden

6. Sweden Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors
List of New Investors in Sweden Tech in November 2021
Sweden Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
HEARTLAND
1 portfolio companies | Private equity funds investing in multiple sectors
TouchTech
Interactive digital signage software solutions for offline retailers
$4.40M Series A
crosslightpartners.com
1 portfolio companies | New home
Sigrid Therapeutics
Developer of therapies to treat metabolic and chronic lifestyle diseases
$8.40M Series A
Katalysen
1 portfolio companies | Venture capital fund focused on early-stage startups
Nightingale
Digital lending solution for mortgage loans
$1.12M Seed
Boehringer Ingelheim Venture Fund
67 portfolio companies | Corporate VC firm funding companies in Germany, the
US and Switzerland
Asgard Therapeutics
Developer of cancer immunotherapeutic solutions based on direct cell
reprogramming
$6.94M Seed
Irrus Investments
12 portfolio companies | Angel Network for Ireland based companies
Sigrid Therapeutics
Developer of therapies to treat metabolic and chronic lifestyle diseases
$8.40M Series A
EPTI
2 portfolio companies | Provides software development services
Parkamo
App-based platform for parking space booking
$2.42M Series A
AllaNova
2 portfolio companies | Single-family office focused on VC and PE investments
Parkamo
App-based platform for parking space booking
$2.42M Series A

7. Sweden Tech - November 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.
7
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 ▲51 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 <> 0 Open Banking API Providers $151M 2 Tink | $103M | Series D
8 ▲19 Autonomous Electric Truck Manufacturers $110M 1 Einride | $110M | Series B
9 ▲19 Autonomous Trucks $110M 1 Einride | $110M | Series B
10 ▲19 Self-Driving Ecommerce Delivery Vehicles $110M 1 Einride | $110M | Series B

8. Sweden Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks
Interesting Companies identified by Analysts in Sweden Tech in November 2021
Sweden Tech: Analyst Picks
8
Upgraded to MINICORN
Sigrid Therapeutics (2014, Stockholm, $1.6M, Seed)
Developer of therapies to treat metabolic and chronic
lifestyle diseases
Pär Gellerfors, Irrus Investments, Raging Bull and 6
other Investors
Upgraded to MINICORN
Quartr (2012, Stockholm, $4.5M, Seed)
App-based research and relations management
platform for individuals and companies
Michael Batnick, Josh Brown, Ohman and 3 other
Investors
Added to Editor's Pick
St1 (1995, Sundbyberg, Unfunded)
Fuel station operator
Added to Editor's Pick
Parkamo (2017, Stockholm, $2.4M, Series A)
App-based platform for parking space booking
AllaNova,Aggregate Media,EPTIand
Added to Editor's Pick
Nightingale (2015, Stockholm, $1.1M, Seed)
Digital lending solution for mortgage loans
Keiretsu Forum Nordics, Jon Wimmercranz, Katalysen
and 4 other Investors
Added to Editor's Pick
Zutobi (2018, Gavle, Unfunded)
Mobile & Web-based platform providing driving exam
preparation solutions
Added to Editor's Pick
Meniga Rewards (2009, Stockholm, Unfunded)
App-based platform offering rewards and cashback
NFT Venturesand

9. Sweden Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Acquisitions (1/2)
List of Acquisitions in Sweden Tech in November 2021
Sweden Tech: Acquisitions
9
Acq. Date Company Acquirer Deal Size
03 Nov 2021
Bogard(2015, Stockholm)
API-based database for customer screening
Moody's
04 Nov 2021
Specops Soft(2001, Stockholm)
Password and desktop management of windows IT environment
Outpost24
08 Nov 2021
Advalidation(2010, Stockholm)
Tool to identify ads that risk poor viewability
Peach
19 Nov 2021
Star Stable(2011, Stockholm, $28.9M)
Video game developer focusing on MMORPGs
Nordisk Games
23 Nov 2021
Etraveli Group(2000, Uppsala)
Online meta-search platform to compare flight tickets
Booking $1835.7M
23 Nov 2021
Spendency(2015, Sundbyberg)
Spend records management and analytics solution
Onventis
24 Nov 2021
Zero Index(2020, Linkoping)
Developer of virtual-reality-based casual PC and mobile games
Resolution Games
25 Nov 2021
Timekeeper(2015, Hudiksvall)
Time tracking and time reporting software
Björn Lundén
29 Nov 2021
Hyper Island(1996, Stockholm)
Online course provider for students and professionals
Talent Garden
30 Nov 2021
Svea(1998, Boras)
Internet first brand offering multi-category fashion products
Boozt Group

10. Sweden Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Acquisitions (2/2)
List of Acquisitions in Sweden Tech in November 2021
Sweden Tech: Acquisitions
10
Acq. Date Company Acquirer Deal Size
30 Nov 2021
EastCoast(1998, Stockholm)
Visitor Management System
Precise Biometrics $8.7M

11. Sweden Tech - November 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Sweden Tech in November 2021
Sweden Tech:News
11
Exit News
.
● Ericsson to acquire Vonage for USD 6.2 billion to spearhead the creation of a
global network and communication... GlobeNewswire
.
● Spotify announces the acquisition of audiobook leader Findaway Business Wire
.
● Booking to buy Swedish travel agency Etraveli for 1.63b euros The Business Times
.
● Klarna buys price comparison site PriceRunner for exorbitant amount FrenchWeb
.
● L Squared to sell GWS to Sandvik PE Hub
.
● Smart Eye Acquires iMotions to Unlock Potential for Multi-Modal, Human
Behavioral Research Business Wire
.
● Thunderful acquires Early Morning Studio GamesIndustry
.
● Storytel Signs Definitive Agreement to Acquire Audiobooks.com Financial Buzz
.
People News
.
● Healthcap Strengthens Senior Team PR Newswire
● Elisabet Lund Appointed CFO of VirtaMed infomeddnews.com
.
● P27 names SEB's Paula da Silva CEO Finextra
.
Company News
.
● Klarna lands in Ireland Finextra
.
● Spotify launches in Iraq and Libya Telecompaper

12. Sweden Tech - November 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
12
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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