Sweden

Ikea to Cut 850 Jobs Globally as Furniture Giant Seeks Organizational Simplification

by

Inter Ikea Group announced 850 job eliminations globally (300 in Sweden) to reduce complexity and costs. The reorganization aims to improve decision-making speed and reduce prices for customers. In Portugal, Ikea is undergoing gradual structural updates with individual transition plans for affected employees. The company reported a 32% drop in net profit to 1.5 billion euros in fiscal year 2024/25.

Swedish Indie Studio Odd Dreams Digital Sells 200,000 Copies of Debut Game in Three Days

by

Odd Dreams Digital, a Malmö-based indie game studio founded in 2022, achieved remarkable success with the launch of its debut game ‘Everything is Crab’, an animal evolution roguelite action game. The game sold over 200,000 copies in three days and received strong critical acclaim on Steam. The studio, led by CEO Denis Asensio with team members from AAA studios including Cyberpunk 2077 and Star Wars Outlaws, participated in the Haven game support program before launch.

Klarna Reaches Profitability Milestone as Swedish Fintech Scales to 119 Million Users

by

Klarna, the Swedish fintech company, announced significant growth metrics including a 49% increase in connected merchants to over 1 million and a 21% growth in users to 119 million. The company processed $33.7 billion in payment volume (up 33%) and achieved its first profitable quarter with $1 billion in revenue and $1 million net profit. Klarna is expanding US market presence through partnerships with Stripe, Nexi, JPMorgan Payments, and Worldpay.

Swedish Startup Transforms Coastal Seagrass into Sustainable Textiles with €300k Pre-Seed Round

by

Salt & Fiber, a Malmö-based ClimateTech startup, has secured €300k in pre-Seed funding to scale its technology that transforms beach-cast seagrass into sustainable textile yarns. The company simultaneously launched a €45,000 crowdfunding campaign. The solution addresses coastal waste management (municipalities currently landfill seagrass) and the sustainability challenges of conventional textile production by creating biodegradable, plant-based fibres that require no fresh water, fertilizers, or land. The company is in pilot production, has a supply agreement with a Swedish municipality, and is part of the Älmhult x IKEA incubator, targeting commercialization between 2027-2028.