Location: International
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TOP STORIES AROUND THE WORLD
🇺🇸 ❌ The US takes significant steps toward banning TikTok. A key committee in the US House of Representatives has unanimously supported a proposal to ban TikTok or force its sale, with backing from President Biden. 🇸🇪 ✨ Each year, Dagens Industri highlights the 125 women with the most power and influence in Swedish business. Businesswoman of the…
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TOP STORIES AROUND THE WORLD
🇪🇺 🚀 Which are Europe’s fastest-growing companies? Annually, the Financial Times ranks the continent’s thousand fastest-growers – this year, two Swedish startups made it into the top 10 list. 🇺🇸 🤖 Elon Musk sues Sam Altman and OpenAI, claiming OpenAI has violated its own founding principles by becoming too profit-driven, contrary to the original vision. 🇸🇪 🧠Klarna’s AI-bot now does…
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Iris raises 42 MSEK
(Mexico City, a social network platform in stealth mode): Has raised 42 MSEK in a funding round from EQT Ventures with member Carl Svantesson alongside member Vahid Toosi, Eric Wall and Aleksei Magusev. Few details about the venture are currently known, other than that Iris was valued at 200 MSEK and that EQT Ventures owns just over 20 percent.
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J Huggins and Son acquired by Cary Group
(Tamworth, a specialist in vehicle glass repair and replacement): Has been acquired by Cary Group. “The acquisition of J Huggins and Son is an important part of our strategy to further strengthen and consolidate our market position in the United Kingdom. The company is a well-run business, and we look forward to it joining Cary Group,” comments member Anders Jensen.
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Norrsken22 secures 2.3 billion SEK
(Africa/Stockholm, a technology growth fund partnering with entrepreneurs building Africa’s next tech giants): Has secured 2.3 billion SEK for its pan-African fund. Norrsken22 was launched in January last year and then closed a round of over 1 billion SEK, more than half of which came from a consortium consisting of 30 global unicorn founders. Early investors in Norrsken22 include…
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Snerpa Power raises 26 MSEK
(Reykjavik, an energy management system that enables companies to leverage real-time data for improved and automated decision-making around electricity): Has raised 26 MSEK in a funding round led by Crowberry Capital and BackingMinds with founding member Susanne Najafi. “For a long time, we have been looking at investing in the broader energy sector, and when…
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The Mountain Studio raises 5.5 MSEK
(Zermatt, a clothing brand with performance products for skiing and outdoor activities): Has raised 5.5 MSEK in a funding round from the three founders including the Austrian alpine superstar Marcel Hirscher, Peter Blom, and Stefan Engström, the founders of Peak Performance, alongside founding member Karl-Johan Persson through Philian Invest. “Philian has made a passive and…
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Nothing raises 1 billion SEK
(London, a consumer electronics brand): Has raised over 1 billion SEK in a funding round led by Highland Europe, with participation from existing investors Google Ventures, EQT Ventures, and C Capital, alongside new partners Swedish House Mafia. Early investors in Nothing include founding members Jacob de Geer and Ash Pournouri.
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Majority raises 9.75 MUSD
(Houston/Stockholm, a digital financial service dedicated to the success of modern migrants in the US): Has raised 9.75 MUSD in a funding round from existing investors Valar Ventures and Heartcore Capital. Early investors in Majority include founding member Jacob de Geer.