Blenda Labs, founded by Erik Wahlberg after his previous venture Frever was shut down, was acquired by music platform Epidemic Sound just six months after its launch. Wahlberg stated the acquisition happened earlier than planned.
Two former Spotify developers founded Encore to simplify life for developers. The company has now raised additional funding, with its valuation more than doubling to over 400 million Swedish kronor.
The e-commerce company behind YMR Track Club has been declared bankrupt, just three months after its founder stated the company had made a ‘comeback’ and was not in an acute crisis.
Lovisa Worge, co-founder of Ani Jewels, is launching a new e-commerce eyewear brand called Lagni with her boyfriend after Ani Jewels faced declining sales due to a plagiarism scandal.
Matsmart’s valuation fell 77% after additional capital injections and strategic exits from several countries. CEO Sofie Zettergren aims to cut costs and reach profitability by 2028.
The article discusses Ebba Kleberg von Sydow’s ventures in podcasting, royal expertise, and e-commerce, revealing updates on her business activities.
Swedish fintech company Klarna won a $1.97 billion antitrust lawsuit against Google, alleging Google’s preferential treatment of its own shopping service harmed PriceRunner, a Klarna subsidiary. The court ruled in favor of Klarna, ordering Google to pay damages.
Pricerunner, a price comparison site owned by Klarna, secured a partial victory in its legal dispute with Google, which was ordered to pay 14.3 billion SEK in damages and an additional 5 billion SEK in interest.
Doktor.se, a digital and physical healthcare provider, has secured a 1.5 billion SEK loan from Swedbank. CEO Martin Lindman describes the loan as a ‘quality stamp’ for the company.
Combify, a Proptech startup backed by Backing Minds and Bonnier Capital, has been sold entirely to Swedish company Placepoint. The acquisition price was not disclosed, but the valuation had significantly decreased before the deal.