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Some international regulators froze assets of local SVB branches

TechCrunch

As the situation is starting to solidify around Silicon Valley Bank, many international companies that interacted in one way or another with the regional U.S. While Silicon Valley Bank officially operated across several countries, most of its international operations consisted of offices or representative offices with local teams.

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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.

Germany 96
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Celebrity video platform Memmo raises $10M

TechCrunch

-based, Memmo was founded in Stockholm, and Lundberg Toresson said its strategy is both global and localized — the company is currently operating localized marketplaces for Sweden, Germany, Finland, Norway, the United Kingdom, Spain, Italy and Canada, as well as a general global market.

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League of Legends’ world championships will take place in Iceland

The Verge

Reykjavík was also this year’s location for League ’s other big international tournament, the Mid-Season Invitational , which took place in May. We will continue to use guidance from various health organizations and local and national authorities to prioritize everyone’s safety.”. No fans will be in attendance.

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MAJORITY raises $27M Series A six months after its seed round to expand mobile banking for migrants

TechCrunch

The team is composed of about 45 tech and product employees based in Stockholm, Sweden, and 20-plus internal employees in the U.S., He added that the company employs “hundreds” of local advisers who onboard and support members of different migrant communities by working with them in their native languages. Larsson said.

Mobile 83
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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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Nonprofits Who are Making A Difference Through Play

Beth's Blog: How Nonprofits Can Use Social Media

Illustrating the positive power of another incredibly popular game, the United Nations and Minecraft developer Mojang partnered to bring youths’ game-world blueprints to real-life in public works in Kenya, Sweden, and Haiti through its innovative “Block by Block” ( [link] ) program. Around Gender.