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1. TRACXN MONTHLY REPORT
DECEMBER 2020
SWEDEN TECH

2. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private 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 8
New Analyst Picks 9
IPOs 11
Acquisitions 12
Recent News 13

3. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech Snapshot – December 2020
Sweden Tech: Snapshot – December 2020
Note : "Investors" refers to "Institutional Investors" only
3
$272M
7 2
Overall Geo Stats
9
526
1312
Funding Rounds $ Invested Analyst Picks
Estrid Upgraded to
MINICORN
New Investors
Alcur
ABN AMRO Venture
Capital
Series A+ rounds Active Investors IPOs
Re:newcell
BioInvent
Acquisitions
TimeEdit#@
Seavus#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Stockholm
(10 Rounds, $246M)
Karlskrona
(1 Rounds, $23.8M)
Malmo
(1 Rounds, $2.4M)
$107M - Series C
Voi (2018, Stockholm, $302M)
$103M - Series E
Tink (2012, Stockholm, $311M)
$23.8M - Series B
Outpost24 (2000, Karlskrona, $23.8M)
$17.7M - Series B
Estrid (2019, Stockholm, $17.7M)
Creandum
(2 Investments)
EQT Ventures
(2 Investments)
Balderton Capital
(1 Investments)
PayPal
(1 Investments)
Electric Vehicles
Voi
Online Rental
Road Transport Tech
Banking Tech
Tink
Market Size
Companies Covered 5,232
Funded Companies 2,286
Total Funding $13.7B
Funding in last 12 months $3.2B
Top Exits
IPOs 204
Acquisitions 488
Company Stage
Unicorns 3
Soonicorns 30
Minicorns 150
Editor Picks 655
Series A+ 507
Series C+ 108
Acqui-Hires 1
Deadpooled 376
Top Cities
Stockholm (1,085 Rounds, $10.5B)
Gothenburg (166 Rounds, $489M)
Top Investors
Almi Invest (261 Investments)
Sting (85 Investments)

4. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Sweden Tech as of December 2020
Sweden Tech: Investment Snapshot
4
# Rounds$ Funding
Investment Trend Top Investments (December 2020)*
Voi
(2018, Stockholm, $302M)
$107M - Series C Raine Group
Tink
(2012, Stockholm, $311M)
$103M - Series E PayPal
Outpost24
(2000, Karlskrona, $23.8M)
$23.8M - Series B Swedbank Robur
Estrid
(2019, Stockholm, $17.7M)
$17.7M - Series B Mattias Miksche
Single Technologies
(2012, Stockholm, $7.6M)
$6.0M - Series A Jens von Bahr
Elias
(2013, Stockholm, $5.5M)
$4.3M - Series A GP BULLHOUND
Curb Food
(2020, Stockholm, $3.9M)
$3.9M - Series A EQT Ventures
Occtoo
(2019, Malmo, $2.4M)
$2.4M - Seed 42 Capital
Kive
(, Stockholm, $1.8M)
$1.8M - Seed EQT Ventures
AlexisHR
(2018, Stockholm, $1.4M)
$1.4M - Seed Alliance Venture
Panprices
(2018, Stockholm, $690K)
$690K - Seed Provider Venture Partners
*Shows only the lead Investors

5. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Sweden Tech in December 2020
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
$103.0M - Series E
Tink (2012, Stockholm, $311.1M)
Open banking API solutions
Eurazeo, Dawn Capital, HEARTCORE, PayPal, Opera
Tech Ventures, and 4 more
LATE STAGE
$106.7M - Series C
Voi (2018, Stockholm, $302.0M)
App-based platform offering electric-kick scooter
rental services
Raine Group, VNV Global, Balderton Capital, Project A,
Creandum, and 2 more
EARLY STAGE
$3.9M - Series A
Curb Food (2020, Stockholm, $3.9M)
Internet first restaurants offering multiple food
products
EQT Ventures
EARLY STAGE
$4.3M - Series A
Elias (2013, Stockholm, $5.5M)
Music provider for gaming industry
GP BULLHOUND
EARLY STAGE
$6.0M - Series A
Single Technologies (2012, Stockholm, $7.6M)
Developer of a technology platform for single-molecule
imaging
, Jens von Bahr, Andreas Ehn
EARLY STAGE
$17.7M - Series B
Estrid (2019, Stockholm, $17.7M)
Internet-first brand offering hair removal product for
women
Mattias Miksche, Josefin Landgard, Johan Blomqvist
EARLY STAGE
$23.8M - Series B
Outpost24 (2000, Karlskrona, $23.8M)
Vulnerability assessment and management solution for
enterprise
Swedbank Robur, Alcur
SEED STAGE
$690.0K - Seed
Panprices (2018, Stockholm, $690.0K)
Online price comparison platform for multi-category
products
Provider Venture Partners, Propel, David Brudö, Johan
Hernmarck, Fredrik Cardelius
SEED STAGE
$1.4M - Seed
AlexisHR (2018, Stockholm, $1.4M)
HRMS software for small and medium businesses
Alliance Venture

6. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Sweden Tech in December 2020
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
$1.8M - Seed
Kive (, Stockholm, $1.8M)
AI-based digital asset management platform for
creators
EQT Ventures, Creandum
SEED STAGE
$2.4M - Seed
Occtoo (2019, Malmo, $2.4M)
Cloud-based APIs to create personalized customer
interactions
42 Capital, Industrifonden
SEED STAGE
Seed
Yodiwo (2015, Stockholm)
Cloud Platform for Internet of Things
Brookstreet Equity Partners

7. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Sweden Tech in December 2020
Sweden Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Alcur
2 portfolio companies | Alcur | Absolutavkastande aktiefonder
Outpost24
Vulnerability assessment and management solution for enterprise
$23.75M Series B
ABN AMRO Venture Capital
2 portfolio companies | Corporate backed VC arm investing in multiple sectors
Tink
Open banking API solutions
$103M Series E
Brookstreet Equity Partners
3 portfolio companies | Private equity firm focused on investing in SME's
Yodiwo
Cloud Platform for Internet of Things
Undisclosed Seed
rothesay.com
1 portfolio companies |
Single Technologies
Developer of a technology platform for single-molecule imaging
$6.04M Series A
Alliance Venture
64 portfolio companies | US focused early-stage VC firm
AlexisHR
HRMS software for small and medium businesses
$1.45M Seed
Provider Venture Partners
1 portfolio companies | Tech focused stage agonistic VC firm investing in
Sweden
Panprices
Online price comparison platform for multi-category products
$690K Seed
BNP Paribas
94 portfolio companies | Commercial bank
Tink
Open banking API solutions
$103M Series E
Eurazeo
34 portfolio companies | Private equity investment firm
Tink
Open banking API solutions
$103M Series E
HEARTCORE
2 portfolio companies | HEARTCORE | Boutique Gym London | Dynamic Pilates +
Fitness Classes
Tink
Open banking API solutions
$103M Series E

8. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private 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.
8
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲1 Internet First Direct Lender Purchase Financing $850M 4 Klarna | $650M | Series G
2 ▼-1 Lithium Ion Batteries $600M 1 Northvolt | $600M | Series C
3 ▲1 Open Banking Aggregation APIs $206M 3 Tink | $103M | Series E
4 --
Food Tech > Novel Foods > Food Products > Dairy
Substitute > Plant Based
$204M 2 Oatly | $200M | Series C
5 ▼-2 Free Float Electric Kick Scooter Rentals $136M 2 Voi | $107M | Series C
6 --
Alternative Lending > Online Lenders > Consumer Loans >
Personal Loans > Marketplace > P2P
$115M 1 Lendify Sweden | $115M | Series D
7 ▲13 Home Energy Management System $65.0M 1 Tibber | $65.0M | Series B
8 ▲2 Real Money eSports Gaming Platforms $56.1M 1 G-Loot | $56.1M | Series C
9 ▼-2
Online Grocery > B2C Ecommerce > Multi Category >
Retailer > Own Delivery Fleet
$51.8M 1 MatHem.se | $51.8M | Series D
10 ▲3
Veterinary HealthTech > Digital Health > Veterinary
Services > Telemedicine
$35.6M 1 FirstVet | $35.6M | Series C

9. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Sweden Tech in December 2020
Sweden Tech: Analyst Picks
9
Upgraded to MINICORN
Estrid (2019, Stockholm, $17.7M, Series B)
Internet-first brand offering hair removal product for
women
Johan Blomqvist,Josefin Landgard,Mattias Mikscheand
Added to Editor's Pick
Single Technologies (2012, Stockholm, $6.0M,
Series A)
Developer of a technology platform for single-molecule
imaging
Almi Invest, Jens von Bahr, and 2 other Investors
Added to Editor's Pick
Iamip (2013, Stockholm, $983K, Seed)
Cloud-based patent analytics and management
software provider
ACACIA,Senovoand
Added to Editor's Pick
Yolean (2014, Gothenburg, $226K, Seed)
Visual planning and knowledge management solutions
Chalmers Ventures,Almi Invest,Vinnovaand
Added to Editor's Pick
Yodiwo (2015, Stockholm, Undisclosed, Seed)
Cloud Platform for Internet of Things
Brookstreet Equity Partnersand
Added to Editor's Pick
Benify (2004, Stockholm, Unfunded)
Online benefits marketplace for employees
Added to Editor's Pick
EG7 (2013, Stockholm, Unfunded)
Holding company of game developers and publishers
Added to Editor's Pick
Invivopower (2019, Molndal, Unfunded)
Developer of a medical device for the treatment of
heart disease
Sahlgrenska Science Parkand
Added to Editor's Pick
Detectivio (2016, Gothenburg, Unfunded)
Provider of an AI-based automated health screening
tool for community health management
Sahlgrenska Science Parkand

10. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Sweden Tech in December 2020
Sweden Tech: Analyst Picks
10
Added to Editor's Pick
NeoDynamics (2020, Lidingoe, Unfunded)
Provider of a medical device for screening breast
cancer
Cardeon Futuring Financeand
Added to Editor's Pick
Zaragsoft (2016, Uppsala, Unfunded)
Text search and editing solutions provider
Uppsala Innovation Centreand
Added to Editor's Pick
I-CONIC (2019, Stockholm, Unfunded)
Provider of a real-time generation of 3D models
Uppsala Innovation Centreand
Added to Editor's Pick
SoftDREAM (, Boras, Unfunded)
Software tools to control and monitor additive
manufacturing processes

11. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
02 Dec 2020
Re:newcell (2012, Stockholm, $5.4M)
Recycler of cellulosic materials into biodegradable fibres
LON:0A5U
14 Dec 2020
BioInvent (1997, Lund, )
Developer of antibody-based drugs for the treatment of cancer
LON:0H22
IPOs
List of IPOs in Sweden Tech in December 2020
Sweden Tech: IPOs
11

12. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Sweden Tech in December 2020
Sweden Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
01 Dec 2020
TimeEdit(2004, Gothenburg)
Provider of academic scheduling and planning tools
Monterro
02 Dec 2020
Seavus(2008, Malmoe)
IT solutions and services
ARICOMA Group
13 Dec 2020
Nordic Nest(2002, Kalmar)
Online retailer offering multi-category home improvements
products
wearebhg.com
21 Dec 2020
Apprope(2012, Stockholm)
Independent game development studio specializing in word
games
MAG Interactive
30 Dec 2021
Nordic IoT Networks(2018, Kungsbacka)
Provider of LoRa network for IoT connectivity
Netmore Group

13. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Sweden Tech in December 2020
Sweden Tech:News
13
Exit News
.
● Embracer Group goes on spending spree – picks up 4A Games for $36m
amongst eight acquisitions MCV
.
● Sinch receives competition approval for the acquisition of Wavy GlobeNewswire
.
● Sandvik to acquire DSI Underground for €943M Seeking Alpha
.
● Immunicum AB (publ) completes the merger with DCprime GlobeNewswire
.
● MAG Interactive (publ) acquires Swedish game developer Apprope PR Newswire
.
● Skanska sells its infrastructure services business in the UK to M Group Services
for more than 55M EUR europawire.eu
.
● SoftBank invests USD699m in Swedish cloud communications developer Sinch
commsupdate.com
.
● Timber firm snapped up by private equity-backed counterpartTheBusinessDesk.com
.
People News
.
● Nokia names Nishant Batra as chief strategy and technology officer Gadgets Now
● fuboTV Names Former Spotify and Axios Product Head Mike Berkley as Chief
Product Officer Business Wire
.
● LIDDS AB (publ) announces the appointment of Nina Herne as CEO GlobeNewswire
.
● Behavioral Biometrics Specialist Names New CFO and Board Chairman
FindBiometrics
.
Company News
.
● Spotify to Launch in South Korea in the First Half of 2021 IndianWeb2
.
● Spotify expands to Russia and 12 other countries Financial Post
.
● Occlutech's Atrial Flow Regulator (AFR) Receives U.S. FDA Breakthrough
Device Designation CNW
.
● Albireo Submits for U.S. FDA and EMA Product Approval of Once-Daily
Odevixibat for PFIC GlobeNewswire
.
● Immunicum AB (publ) receives Fast Track Designation from the FDA for
ilixadencel for the treatment of GIST GlobeNewswire
.
● Immunicum AB (publ) Receives FDA Orphan Drug Designation for Ilixadencel
as a Treatment for Hepatocellular Car... GlobeNewswire

14. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (2/2)
Recent News in Sweden Tech in December 2020
Sweden Tech:News
14
● Albireo submits rare liver disease med odevixibat to FDA and EMA PharmaTimes

15. Sweden Tech - December 2020 Copyright © 2021, Tracxn Technologies Private 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 Northvolt
Competitors of Klarna
Cap Tables of Oatly
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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