Swedish Competition Authority Closes Investigation into Hemnet’s Premium Product Offering
The Swedish Competition Authority has terminated its investigation into Hemnet, a real estate platform, regarding its premium product offering.
Lars Eriksson
Swedish Fintech Fedelta Reports 500% Profit Surge, Expands Into Retail Savings Market
Fedelta, a Swedish fintech startup, reported a 500% profit increase in 2024 and introduced a new savings account for private customers. The founder described 2025 as a ‘breakthrough year’ for the company.
Revolutionrace Acquires Swedish Fitness Platform Icaniwill in 700 Million SEK Deal
Revolutionrace, a publicly traded company, acquires Icaniwill, valuing it at 700 million SEK. Revolutionrace’s CEO Paul Fischbein highlights the acquisition as part of further multi-million kronor investments.
Swedish Hat Retailer Hatstore Surpasses 400 Million SEK in Annual Sales, Invests in Luxury Office Campus
Hatstore, a Swedish e-commerce company specializing in hats and accessories, reported sales exceeding 400 million SEK in 2023 and invested in a new luxury office campus described as an ‘adult vacation resort.’
Swedish SaaS Company Favro Files for Bankruptcy Following Failed Lithuania Investment
Favro, a Swedish SaaS company based in Uppsala, was declared bankrupt after a failed investment in Lithuania. The company had raised over 40 million SEK in venture capital. Founder Patric Palm plans to repurchase the business.
Telenor acquires controlling stake in Swedish telecom firm Bahnhof for 550 million USD
Telenor, a Norwegian telecom operator, has acquired a controlling stake in Bahnhof, a Swedish telecom company, for 6.1 billion SEK. The transaction values Bahnhof at 6.1 billion SEK, and Telenor intends to make a bid for the remaining shares.
Swedish SaaS Startup Lovable Seeks $300M at $13.2B Valuation in Advanced Funding Round
Swedish SaaS startup Lovable is in advanced talks to secure a $300 million funding round at a $13.2 billion post-money valuation, with participation from major global investors.
Swedish Jewelry Company Nootka Faces Financial Downturn Amid Declining Activity
Lisa Olsson’s jewelry company Nootka is experiencing a loss and declining revenues due to reduced activity.
Finnish satellite company ICEYE expands constellation with four new SAR satellites
ICEYE successfully placed four new SAR satellites into orbit on July 7, 2026, via SpaceX’s Transporter-17 mission from Vandenberg Air Force Base in California. The satellites were integrated onto the rocket by Exolaunch.
Refurbished Electronics Market Gains Momentum as Consumer Attitudes Shift Toward Circular Economy
The article discusses the growing trend of consumers purchasing refurbished electronics, with refurbed’s PR and Brand Manager Therese Almqvist noting increased interest in circular electronics as a cost-saving measure.