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A look at Sweden’s startup scene as Techstars drops Stockholm program

TechCrunch

As the global venture capital market contracts following a historic investing boom, the downturn impacts each startup market differently. Sweden, which has a population of around that of Michigan in the United States, punches above its weight in both cultural and business terms. And narrow our focus.

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Chinese luxury EV brand Zeekr continues global push into Kazakhstan

TechCrunch

In Kazakhstan, Zeekr’s local partner Orbis Auto, an automotive distributor, will facilitate the development of a sales network and after-sales service in the region. In the Netherlands and Sweden, Zeekr’s first European markets, the flagship 001 is selling for around $65,000, and the X for around $50,000.

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Autonomous electric truck company Einride rides into Germany

TechCrunch

Autonomous and electric truck maker Einride is rolling into Germany, representing its first new market in Europe outside its native Sweden. Founded out of Stockholm in 2016, Einride has raised some $150 million in funding to commercialize a cab-less autonomous cargo truck, one that can be controlled remotely, if required, by human operators.

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Vivino raises $155 million for wine recommendation and marketplace app

TechCrunch

Spurred by rapid growth that has seen its user base grow from 29 million in 2018, to 50 million currently, Vivino wants to use the large cash injection to significantly boost its core tech and personalized recommendation engine, while also expanding its presence in key growth markets globally.

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Nonprofits Who are Making A Difference Through Play

Beth's Blog: How Nonprofits Can Use Social Media

Video games are big — bigger than Hollywood in terms of revenue, as a $66 billion global industry. Since 2009, Zynga.org has enabled millions of players to contribute nearly $20 million to more than 30 nonprofit organizations globally. You can register here. Players, who collectively average about 30 years old in the U.S.,

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There’s trouble in Startup Nation

TechCrunch

Yet, relatively little has been written outside of Israel about the major concerns local entrepreneurs are currently dealing with. Anna To SVB and back The Exchange recently noted how Sweden was punching above its weight in terms of startup dollars raised per capita. Tel Aviv has the fifth most unicorn companies in the world.

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Riot Games and Konvoy Ventures back games publisher Carry1st in $6M Series A

TechCrunch

Also, the company helps local studios that find it difficult to create games with a global appeal by pairing them with strong operators. It also handles localization, distribution, user acquisition, monetization, customer experience for studios and licenses their games on exclusive, long-term contracts.

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