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Sweden-based digital bank Northmill raises $30M

TechCrunch

Northmill Bank , the Sweden-based challenger that has around 200,000 customers across three European countries, has raised around $30 million in new funding. Leading the round is M2 Asset Management, the Swedish investment company controlled by Rutger Arnhult, and asset management firm Coeli. Next stop, Norway.

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Klarna IPO: Buy Now, Pay Later firm reveals profit and growth details as possible stock listing date nears

Fast Company Tech

Klarna is a fintech company based in Sweden. How much will Klarna seek to raise in its IPO? However, Bloomberg reports that the Swedish company is seeking to raise at least $1 billion USD. If the company raises around $1 billion in its IPO, Bloomberg says the companys valuation could be more than $15 billion.

Profit 86
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Readings Show Evidence of Huge Ocean Under Mars' Surface

Futurism

Researchers have found new evidence for a massive subsurface ocean on Mars, again raising the possibility of microbial life lurking deep below the Martian surface. To test their theory, they scanned P- and S-waves from dry, wet, and frozen samples of a Martian rock analog, in the form of diabase rocks from Sweden.

Sweden 105
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Sweden to increase school security after its worst school mass-shooting

Fast Company Tech

The attack has raised questions about whether security at Sweden’s schools needs to be improved. Sweden’s right-wing government also said last week it would seek to tighten gun laws as the attacker appeared to have used several of his own licensed rifles. Johan Ahlander, Reuters

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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
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Skyqraft raises $2.2M seed for its powerline issue detection system

TechCrunch

Skyqraft , the Swedish startup using AI and drones for electricity powerline inspection, has raised $2.2 Skyqraft, a startup using AI and drones for electricity power-line inspection, raises $505K. million in seed funding, capital it will use to further develop its technology and expand its operations in Europe and in the U.S.

Issue 105
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Web creator Tim Berners-Lee’s startup Inrupt raises $30 million

TechCrunch

Tim Berners-Lee’s startup, Inrupt, has raised about $30 million in its Series A financing round, a source familiar with the matter said. TechCrunch reported in late October that the three-year-old Inrupt was in talks to raise between $30 million to $50 million. Inrupt’s customers include governments and enterprises.

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