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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. The Exchange explores startups, markets and money. Sweden, which has a population of around that of Michigan in the United States, punches above its weight in both cultural and business terms.

Sweden 98
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European startups elude global VC funding slowdown in Q1 2022

TechCrunch

In other words, the region escaped the global quarter-on-quarter slowdown in startup investment. The Exchange explores startups, markets and money. It is also worth noting that Europe accounts for a much larger portion of global funding than Africa. Sweden: $775 million across 94 deals, up 5% and down 19%. France: $4.8

Global 77
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Juni jumps on $206M to help e-commerce players manage their own money better

TechCrunch

Today, a startup from Gothenburg, Sweden called Juni is announcing $206 million in funding — a $100 million Series B and a further $106 million in debt — to build out e-commerce-focused neobank, designed specifically to cater to that growing group of retailers with tools to help them run their business.

Money 89
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Why Techstars is doubling down on Europe

TechCrunch

The Exchange explores startups, markets and money. Our perspective on the matter is hardly unique: Techstars recently announced two new programs on the continent, one in France and one in Sweden, indicating that it too sees lots to like in Europe. Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.

Europe 109
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Chinese luxury EV brand Zeekr continues global push into Kazakhstan

TechCrunch

The aggressive push into new markets is fueled by the $750 million Series A funding round Zeekr raised in February, which shot the automaker’s post-money valuation up to $13 billion. 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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Making sense of Klarna

TechCrunch

In contrast to America, he points out how Sweden is among the most successful societies in the world from a social mobility perspective — referencing its free education and free health care, which sets up as many people as possible for success. “We didn’t have a lot of money,” he tells me. Image Credits: Klarna.

Sweden 143
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Sweden’s Tink raises $103M as its open banking platform grows to 3,400 banks and 250M customers

TechCrunch

Tink , a startup out of Stockholm, Sweden that aggregates a number of banks and financial services by way of an API so that those can in turn be accessed via new channels, has raised €85 million (or $103 million at current rates), at a post-money valuation of €680 million (or around $825 million). It is live in Sweden, U.K.,

Open 117