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1. TRACXN MONTHLY REPORT
AUGUST 2021
SWEDEN TECH

2. Sweden Tech - August 2021 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 - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech Snapshot – August 2021
Sweden Tech: Snapshot – August 2021
Note : "Investors" refers to "Institutional Investors" only
3
$82.8M
5 1
Overall Geo Stats
4
5
18
13
11
Funding Rounds $ Invested Analyst Picks
PocketLaw
Upgraded to
MINICORN
New Investors
Zühlke
PeopleVentures
Series A+ rounds Active Investors IPOs
Acast
Acquisitions
Easy Trigger
Games#@
GeoGuessr#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Stockholm
(7 Rounds, $71.6M)
Gothenburg
(1 Rounds, $876K)
Bromma
(1 Rounds, $711K)
Karlstad
(1 Rounds, $343K)
$45M - Series C
Voi (2018, Stockholm, $349M)
$12.0M - Series A
memmo (2019, Stockholm, $24.2M)
$9.3M - Series A
Flow Neuroscience (2016, Malmo,
$11.9M)
$5.8M - Series A
Kavall (2021, Stockholm, $5.8M)
Raine Group
(1 Investments)
European Union
(1 Investments)
Khosla Ventures
(1 Investments)
(1 Investments)
Road Transport Tech
Voi
Electric Vehicles
Communication Apps
memmo
Online Gifting
Market Size
Companies Covered 5,855
Funded Companies 2,329
Total Funding $20.7B
Funding in last 12 months $9.2B
Top Exits
IPOs 185
Acquisitions 510
Company Stage
Unicorns 1
Soonicorns 30
Minicorns 172
Editor Picks 746
Series A+ 522
Series C+ 106
Acqui-Hires 1
Deadpooled 364
Top Cities
Stockholm (1,168 Rounds, $16.7B)
Gothenburg (181 Rounds, $1.1B)
Top Investors
Almi Invest (271 Investments)
Sting (84 Investments)

4. Sweden Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Sweden Tech as of August 2021
Sweden Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (August 2021)*
Voi
(2018, Stockholm, $349M)
$45.0M - Series C Raine Group
memmo
(2019, Stockholm, $24.2M)
$12.0M - Series A Luxor Capital Group
Flow Neuroscience
(2016, Malmo, $11.9M)
$9.3M - Series A Khosla Ventures
Kavall
(2021, Stockholm, $5.8M)
$5.8M - Series A Vostok New Ventures
Invoier
(2018, Stockholm, $4.8M)
$4.8M - Series A European Union
PocketLaw
(2000, Stockholm, $4.2M)
$1.7M - Seed Christoffer Norman
BYON8
(2015, Stockholm, $2.0M)
$1.5M - Seed PeopleVentures
Melt&Marble
(2021, Gothenburg, $876K)
$876K - Seed Nordic FoodTech VC
Nenda
(2019, Stockholm, $801K)
$801K - Angel Manfred Aronsson
Briqpay
(2020, Bromma, $2.3M)
$711K - Seed 31 Atlantic
Stepler
(2020, Karlstad, $343K)
$343K - Seed Almi Invest
*Shows only the lead Investors

5. Sweden Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (1/2)
List of Funding Rounds in Sweden Tech in August 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
$45.0M - Series C
Voi (2018, Stockholm, $349.0M)
App-based platform offering electric-kick scooter rental
services
Raine Group, VNV Global
EARLY STAGE
$4.8M - Series A
Invoier (2018, Stockholm, $4.8M)
Online lending platform for trade financing
European Union
EARLY STAGE
$5.8M - Series A
Kavall (2021, Stockholm, $5.8M)
Online platform offering multi-category grocery
supplies
Vostok New Ventures, Inbox Capital, Fredrik
Jung-Abbou, Samir Bachkani
EARLY STAGE
$9.3M - Series A
Flow Neuroscience (2016, Malmo, $11.9M)
Provider of a wearable device for stress and anxiety
management
Khosla Ventures, Zühlke,
EARLY STAGE
$12.0M - Series A
memmo (2019, Stockholm, $24.2M)
Online platform to get personalised video messages
from celebrities
Left Lane Capital, Luxor Capital Group, FJ Labs, Spencer
Rascoff, Maria Raga Frances, and 8 more
SEED STAGE
$343.3K - Seed
Stepler (2020, Karlstad, $343.3K)
Reward-based mobile app for tracking exercises
Almi Invest
SEED STAGE
$710.7K - Seed
Briqpay (2020, Bromma, $2.3M)
Provider of B2B software solutions to manage sales
eEquity, 31 Atlantic, Christian Leone, Charlie
Chanaratsopon
SEED STAGE
$801.0K - Angel
Nenda (2019, Stockholm, $801.0K)
B2B video streaming platform provider
Manfred Aronsson, casper biorner
SEED STAGE
$876.3K - Seed
Melt&Marble (2021, Gothenburg, $876.3K)
Platform offering plant-based meat alternative
products
Nordic FoodTech VC, Chalmers Ventures, Purple Orange
Ventures

6. Sweden Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds (2/2)
List of Funding Rounds in Sweden Tech in August 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
$1.5M - Seed
BYON8 (2015, Stockholm, $2.0M)
AI-based medical diagnostic software
PeopleVentures
SEED STAGE
$1.7M - Seed
PocketLaw (2000, Stockholm, $4.2M)
Cloud based law management software provider
Christoffer Norman, Adrian Brummer, Ludvig Thureson,
Cristina Stenbeck, Susanna Campbell, and 1 more

7. Sweden Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Sweden Tech in August 2021
Sweden Tech: List of New Investors
7
Investor Company Info Round Amount Round Name
Zühlke
5 portfolio companies | Venture capital firm investing in tech sectors
Flow Neuroscience
Provider of a wearable device for stress and anxiety management
$9.30M Series A
PeopleVentures
1 portfolio companies | Venture capital firm focused on early stage companies
BYON8
AI-based medical diagnostic software
$1.50M Seed
css.ch
3 portfolio companies | Provider of health and P&C insurance services
Flow Neuroscience
Provider of a wearable device for stress and anxiety management
$9.30M Series A
Nordic FoodTech VC
2 portfolio companies | Venture capital fund focused on food chain
Melt&Marble
Platform offering plant-based meat alternative products
$876K Seed

8. Sweden Tech - August 2021 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 ▲30 Lithium Ion Batteries $3.4B 2 Northvolt | $2.8B | Unattributed
2 ▲1 Internet First Point of Sale Financing $2.3B 6 Klarna | $1.0B | Series H
3 -- Electric Car Manufacturers $550M 1 Polestar | $550M | Unattributed
4 ▲38 Music Licensing Marketplace $450M 1 Epidemic Sound | $450M | Series D
5 ▼-4 Web Based Platform for Doctor Consultation $413M 3 KRY | $317M | Series D
6 ▼-2 Free Float Electric Kick Scooter Rentals $152M 2 Voi | $107M | Series C
7 ▼-2 Open Banking API Providers $151M 2 Tink | $103M | Series D
8 ▲1 Autonomous Electric Truck Manufacturers $120M 2 Einride | $110M | Series B
9 ▲1 Autonomous Trucks $120M 2 Einride | $110M | Series B
10 ▲1 Self-Driving Ecommerce Delivery Vehicles $120M 2 Einride | $110M | Series B

9. Sweden Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Sweden Tech in August 2021
Sweden Tech: Analyst Picks
9
Upgraded to MINICORN
PocketLaw (2000, Stockholm, $1.7M, Seed)
Cloud based law management software provider
Johan Andersson, Christoffer Norman, Susanna
Campbell and 3 other Investors
Upgraded to MINICORN
Invoier (2018, Stockholm, $4.8M, Series A)
Online lending platform for trade financing
European Unionand
Added to Editor's Pick
FOREO (2013, Stockholm, Unfunded)
Brand of grooming and makeup accessories
Added to Editor's Pick
Grace.health (2017, Stockholm, $50.0K, Seed)
App for tracking women's health
Pluscap,Vostok New Ventures,Fast Track Malmoand
Added to Editor's Pick
Alva Labs (2017, Stockholm, $1.2M, Seed)
AI-based psychometric assessment platform
Almi Invest,Johan Blomqvist,Quinary Investmentand
Added to Editor's Pick
Hack your closet (2019, , $440K, Seed)
Online platform offering pre-owned personalized
fashion apparel
Pale Blue Dot, J12 Ventures, Seedcamp and 1 other
Investors
Added to Editor's Pick
Formulate (2015, Stockholm, Undisclosed, Seed)
AI-based in-store analytics solutions for offline retailers
Industrifonden,henQ,J12 Venturesand
Added to Editor's Pick
Safeture (2009, Lund, Unfunded)
Online workplace safety management software for
enterprises
Added to Editor's Pick
Depict.ai (2019, Stockholm, $150K, Seed)
Provider of AI-based product recommendation
platform for businesses
EQT Ventures, Initialized Capital, Northzone and 4 other
Investors
Added to Editor's Pick
Briqpay (2020, Bromma, $731K, Seed)
Provider of B2B software solutions to manage sales
Christian Leone, Charlie Chanaratsopon, Fredrik Hjelm
and 3 other Investors

10. Sweden Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Sweden Tech in August 2021
Sweden Tech: Analyst Picks
10
Added to Editor's Pick
LeaseCloud (2017, Stockholm, $1.7M, Seed)
Provider of digital leasing for e-commerce
Spintop Venturesand
Added to Editor's Pick
Profoto (1995, Sundbyberg, Unfunded)
App-controlled photography lighting products provider
Added to Editor's Pick
BAUX AB (2013, Stockholm, Unfunded)
Manufacturer of acoustic products

11. Sweden Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
25 Aug 2021
Acast (2014, Stockholm, $84.6M)
App based podcast aggregator
LON:0A9Z
IPOs
List of IPOs in Sweden Tech in August 2021
Sweden Tech: IPOs
11

12. Sweden Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Sweden Tech in August 2021
Sweden Tech: Acquisitions
12
Acq. Date Company Acquirer Deal Size
05 Aug 2021
Easy Trigger Games(2016, Trollhattan)
Developer of casual video games
Coffee Stain Studios
11 Aug 2021
GeoGuessr(2013, Stockholm)
Online game-based platform to explore tourist attractions
Gemini
12 Aug 2021
NodeGraph(2016, Gothenburg)
Cloud-based data intelligence and decision support platform
QlikTech
18 Aug 2021
Allabolag.se(2008, Stockholm)
Cloud-based platform for private market data
John Mattson
24 Aug 2021
Abios(2013, Stockholm)
Sweden based video aggregator platform for eSports tournaments
Kambi $30.9M

13. Sweden Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Sweden Tech in August 2021
Sweden Tech:News
13
Exit News
.
● Swedish autopilot technology company Veoneer: will start merger talks with
Qualcomm 36Kr
.
● Magna Buys ADAS Supplier Veoneer For $3.8 Billion Carandbike
.
● Klarna acquires Stockholm’s influencer marketing platform APPRL as social
shopping surges Silicon Canals
.
● Broadridge Acquires Innovative Post-trade Solutions Business Financial IT
.
● Qlik Acquires Nodegraph To Enhance End-to-end Analytics Data Pipelines With
Interactive Data Lineage And Drive... GlobeNewswire
.
● Israel’s Simbionix Sold for $305 Million Jewish Business News
.
● Embracer enters into an agreement to acquire CrazyLabs PR Newswire
.
● Summit Partners-backed Syncron buys Mize; pushing revenue beyond $60mn
Google Usercontent
.
People News
.
● deWiz chooses Laszlo Varga as Chief Executive Officer Business Wire
.
● Truecaller hires Xiaomi veteran in key role IOL
.
● The CanCoin Announces Scott de Mercado, Co-Founder of Cannabis Delivery
Sciences to its Advisory Board The Can... Financial Post
● Bambuser's Nomination Committee proposes that Sonia Gardner and Jørgen
Madsen Lindemann be elected as new boar... PR Newswire
.
Company News
.
● Swedish Internet Vikings Launches Into The U.s. With Igaming Hosting In West
Virginia HostingJournalist
.
● Occlutech Receives Major Conditional Approval from FDA for PFO Study
(OCCLUFLEX) in the United States PR Newswire
.
● Klarna launches in Poland Ecommerce News
.
● Calliditas Receives FDA Fast Track Designation for setanaxib in PBC PR Newswire

14. Sweden Tech - August 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
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Sweden Tech: Explore more on Tracxn Platform
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