The Tracxn monthly report for October 2021 provides an overview of the Swedish tech landscape, highlighting key investment statistics, funding rounds, and new investors. Major funding rounds include Funnel and Anyfin, while top cities for investment activity include Stockholm and Gothenburg. The report also identifies notable IPOs, acquisitions, and emerging trends in various business models within the Swedish tech sector.

1. TRACXN MONTHLY REPORT
OCTOBER 2021
SWEDEN TECH

2. Sweden Tech - October 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 8
New Analyst Picks 9
IPOs 11
Acquisitions 12
Recent News 13

3. Sweden Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Sweden Tech Snapshot – October 2021
Sweden Tech: Snapshot – October 2021
Note : "Investors" refers to "Institutional Investors" only
3
$230M
7 2
Overall Geo Stats
4
5
29
14
16
Funding Rounds $ Invested Analyst Picks
Juni Upgraded to
SOONICORN
New Investors
ETF Partners
2150
Series A+ rounds Active Investors IPOs
Isofol Medical
Truecaller
Acquisitions
Veoneer
Arriver
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Stockholm
(12 Rounds, $145M)
Gothenburg
(2 Rounds, $60.7M)
Sundbyberg
(1 Rounds, $13.4M)
Lund
(1 Rounds, $11.6M)
$66M - Series C
Funnel (2014, Stockholm, $131M)
$52M - Series A
Juni (2020, Gothenburg, $76.0M)
$52M - Series C
Anyfin (2017, Stockholm, $107M)
$13.4M - Seed
Moralis (2021, Sundbyberg, $13.4M)
Antler
(4 Investments)
EQT Ventures
(3 Investments)
Accel
(1 Investments)
European Union
(1 Investments)
MarketingTech
Funnel
Alternative Lending
Anyfin
E-Commerce Enablers
Juni
Banking Tech
Market Size
Companies Covered 6,172
Funded Companies 2,390
Total Funding $21.2B
Funding in last 12 months $8.2B
Top Exits
IPOs 188
Acquisitions 523
Company Stage
Unicorns 1
Soonicorns 32
Minicorns 177
Editor Picks 772
Series A+ 529
Series C+ 108
Acqui-Hires 1
Deadpooled 364
Top Cities
Stockholm (1,198 Rounds, $17.1B)
Gothenburg (189 Rounds, $1.2B)
Top Investors
Almi Invest (273 Investments)
Sting (84 Investments)

4. Sweden Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Sweden Tech as of October 2021
Sweden Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (October 2021)*
Funnel
(2014, Stockholm, $131M)
$66.0M - Series C Fjarde AP-fonden
Anyfin
(2017, Stockholm, $107M)
$52.0M - Series C FinTech Collective
Juni
(2020, Gothenburg, $76.0M)
$52.0M - Series A EQT Ventures
Moralis
(2021, Sundbyberg, $13.4M)
$13.4M - Seed EQT Ventures
Zaver
(2016, Stockholm, $19.4M)
$13.2M - Series B Fredrik Österberg
Normative
(2014, Lund, $13.7M)
$11.6M - Series A 2150
Intelligent Implants
(2014, Gothenburg, $8.9M)
$8.7M - Seed SOSV
Centiglobe
(2017, Stockholm, $5.8M)
$5.8M - Series A Confidus Venture Capital
Mendi
(2017, Stockholm, $8.2M)
$4.7M - Series A
Lace
(2018, Stockholm, $2.9M)
$2.1M - Angel Jacob De Geer
Blisser
(2020, Stockholm, $1.0M)
$1.0M - Seed Justin Mateen
*Shows only the lead Investors

5. Sweden Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Sweden Tech in October 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
$52.0M - Series C
Anyfin (2017, Stockholm, $107.0M)
Online platform for debt consolidation loans
FinTech Collective, Augmentum, Global Founders
Capital, Accel, EQT Ventures, and 2 more
LATE STAGE
$66.0M - Series C
Funnel (2014, Stockholm, $131.0M)
Advertising analytics platform
Fjarde AP-fonden, Stena Sessan, Balderton Capital,
Eight Roads Ventures, Industrifonden, and 2 more
EARLY STAGE
$4.7M - Series A
Mendi (2017, Stockholm, $8.2M)
Provider of connected brain training devices
, Carl Pei, Eva Engelbert, Jenny Penser
EARLY STAGE
$5.8M - Series A
Centiglobe (2017, Stockholm, $5.8M)
Decentralized cross-border payment solutions for fiat
& cryptocurrencies
Confidus Venture Capital
EARLY STAGE
$11.6M - Series A
Normative (2014, Lund, $13.7M)
SaaS-based platform to measure sustainability
performance
2150, ETF Partners, Lowercarbon Capital, Luminar
Ventures, Byfounders
EARLY STAGE
$13.2M - Series B
Zaver (2016, Stockholm, $19.4M)
Web-based payment link solution for businesses
Fredrik Österberg, Magnus Rausing, Joen Bonnier, Tom
Dinkelspiel, Bo Mattsson, and 2 more
EARLY STAGE
$52.0M - Series A
Juni (2020, Gothenburg, $76.0M)
Financial management solution for marketing and e-
commerce businesses
EQT Ventures, FJ Labs, DST Global, Felix Capital, Cherry
Ventures
SEED STAGE
$1.0M - Seed
Blisser (2020, Stockholm, $1.0M)
Online platform offering personalized video messages
from celebrities
Justin Mateen, Michael Heller
SEED STAGE
$2.1M - Angel
Lace (2018, Stockholm, $2.9M)
Internet first brand offering panty for women
Jacob De Geer, Cristina Stenbeck, Åsa Orbison,
Susanna Campbell

6. Sweden Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Sweden Tech in October 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
$8.7M - Seed
Intelligent Implants (2014, Gothenburg, $8.9M)
Developer of electrotherapeutic devices for healing
tissues
SOSV, European Union
SEED STAGE
$13.4M - Seed
Moralis (2021, Sundbyberg, $13.4M)
Cloud based frameworks for web app development
EQT Ventures
SEED STAGE
Seed
Hypertype (2021, Stockholm)
Cloud-based platform for robotic process automation
Antler
SEED STAGE
Seed
Nudgelabs (2012, Stockholm)
Employee wellbeing management platform for
enterprises
Antler
SEED STAGE
Seed
Reeler (2021, Stockholm)
Provider of user generated content platform for
marketing
Antler
SEED STAGE
Seed
PhantomIQ (2021, Stockholm)
Platform offering software for cloud management
Antler
SEED STAGE
Seed
ID North (2012, Stockholm)
Cloud based digital identity security solution provider
Trill impact

7. Sweden Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Investors
List of New Investors in Sweden Tech in October 2021
Sweden Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
ETF Partners
45 portfolio companies | Early-stage centric tech & energy focused VC firm
investing in geographies such as Europe
Normative
SaaS-based platform to measure sustainability performance
$11.60M Series A
2150
2 portfolio companies | Venture capital firm investing in tech startups
Normative
SaaS-based platform to measure sustainability performance
$11.60M Series A
Trill impact
2 portfolio companies | Provider of investment management services
ID North
Cloud based digital identity security solution provider
Undisclosed Seed
first-venture.se
1 portfolio companies | First Venture investerar inom teknik, hälsa och
hållbarhet.
Mendi
Provider of connected brain training devices
$4.65M Series A

8. Sweden Tech - October 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.
8
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 ▲46 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 <> 0 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 ▲16 Autonomous Electric Truck Manufacturers $110M 1 Einride | $110M | Series B
9 ▲16 Autonomous Trucks $110M 1 Einride | $110M | Series B
10 ▲16 Self-Driving Ecommerce Delivery Vehicles $110M 1 Einride | $110M | Series B

9. Sweden Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Sweden Tech in October 2021
Sweden Tech: Analyst Picks
9
Upgraded to SOONICORN
Juni (2020, Gothenburg, $2.5M, Seed)
Financial management solution for marketing and e-
commerce businesses
EQT Ventures, DST Global, FJ Labs and 4 other
Investors
Upgraded to MINICORN
Centiglobe (2017, Stockholm, $5.8M, Series A)
Decentralized cross-border payment solutions for fiat
& cryptocurrencies
Confidus Venture Capitaland
Added to Editor's Pick
SOZAP (2014, Nykoping, Unfunded)
Mobile game developer focusing on the development
of core video games
Added to Editor's Pick
Benify (2010, Stockholm, Undisclosed, Unattributed)
Benefits management platform for organizations
Friends Capital,Vitruvian Partnersand
Added to Editor's Pick
Bower (2020, Stockholm, Unfunded)
Provider of reward-based recycling solutions
Added to Editor's Pick
Nenda (2019, Stockholm, $801K, Angel)
B2B video streaming platform provider
casper biorner,Manfred Aronssonand

10. Sweden Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Sweden Tech in October 2021
Sweden Tech: Analyst Picks
10
Added to Editor's Pick
Synthetic Mind (2019, Taby, Unfunded)
Mobile game developers focusing on flight simulation
games
Added to Editor's Pick
Vopy (2014, Stockholm, $928K, Seed)
Banking APIs for Businesses
Front Ventures,Fatfish Internet Group,Abelco
Investment Groupand
Added to Editor's Pick
Toteme (2014, Stockholm, Undisclosed, Seed)
Internet-first brand of multi-category fashion products
for women
Altor Equity Partnersand
Added to Editor's Pick
Lace (2018, Stockholm, $2.1M, Angel)
Internet first brand offering panty for women
Åsa Orbison, Jacob De Geer, Cristina Stenbeck and 1
other Investors
Added to Editor's Pick
eyeoda (2015, Helsingborg, Unfunded)
Provider of video based customer support and
engagement solutions
Added to Editor's Pick
Strainlabs (2016, Lund, Unfunded)
Provider of IoT-enabled bolts for multiple industries
3T Investand
Added to Editor's Pick
vVenues (2003, Stockholm, Unfunded)
Provider of virtual events management solutions
Added to Editor's Pick
DE Robotics (2018, Stockholm, Unfunded)
Manufacturer of AI-based humanoid robot for
customer engagement

11. Sweden Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
21 Oct 2021
Isofol Medical (2008, Gothenburg, )
Developer of small molecules for colorectal cancer
$
NASDAQ
OMX:ISOFOL
08 Oct 2021
Truecaller (2009, Stockholm, $95.0M)
Provider of a caller ID app
$2.2B
NASDAQ OMX:TRUE-
B
IPOs
List of IPOs in Sweden Tech in October 2021
Sweden Tech: IPOs
11

12. Sweden Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Acquisitions
List of Acquisitions in Sweden Tech in October 2021
Sweden Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
04 Oct 2021
Veoneer(2018, Stockholm)
Tech-enabled vision based ADAS and autonomous vehicle
solutions
Qualcomm $4500.0M
04 Oct 2021
Arriver(2021, Stockholm)
Saas-enabled platform offering perception software for
autonomous vehicles
Qualcomm
05 Oct 2021
Match2One(2014, Stockholm, $0.7M)
Optimised media buying based on machine learning algorithms
Verve
05 Oct 2021
Vergic(2007, Malmo)
Personalized video creation platform
Puzzel
22 Oct 2021
Loop54(2010, Stockholm, $0.6M)
Product Search for eCommerce companies
Factfinder

13. Sweden Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
Recent News (1/2)
Recent News in Sweden Tech in October 2021
Sweden Tech:News
13
Exit News
.
● Polestar attracts partner for $20bn reverse merger Global Corporate Venturing
.
● Qualcomm and SSW Partners reach a final agreement to acquire Vinner 36Kr
.
● Truecaller aims to raise $116 Million in IPO Adgully
.
● Sinch to acquire email platform Pathwire for $1.9bn Mobile Marketing Magazine
.
● Graphic Packaging Holding Company announces receipt of all necessary
regulatory approvals for the upcoming acq... PR Newswire
.
● Fintech Klarna Acquires Inspirock, Bringing Travel Planning to its Consumers
Crowdfund Insider
.
● Thunderful acquires Robot Teddy, forms new investment pillar GamesIndustry
.
● Hampleton Partners advises Loop54 on its acquisition by FACT-Finder and
GENUI RealWire
.
People News
.
● Ben Cousins Appointed Head of Studio Operations for FunPlus’ European
● Tobii and Pimax Announce New Partnership to Bring Eye Tracking to Consumer
Virtual Reality Headsets PR Newswire
.
● DeWiz Golf Appoints Chairman SGB Media
.
● SAGA Diagnostics appoints Peter Collins as Chief Executive Officer PR Newswire
.
● Grayshift Hires Digital Forensic Industry Veteran Paul Baxter to Lead European
Team PR Newswire
.
● Kaleyra Appoints Mauro Carobene as Chief Business Officer Business Wire

14. Sweden Tech - October 2021 Copyright © 2021, Tracxn Technologies Limited. All rights reserved.
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