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1. TRACXN MONTHLY REPORT
MAY 2021
SWEDEN TECH

2. Sweden Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Contents
2
Sweden Tech Snapshot 3
Investment Snapshot 4
List of Funding Rounds 5
New Investors 6
Top Funded Business Models - last 1 year 7
New Analyst Picks 8
IPOs 10
Acquisitions 11
Recent News 12

3. Sweden Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Sweden Tech Snapshot – May 2021
Sweden Tech: Snapshot – May 2021
Note : "Investors" refers to "Institutional Investors" only
3
$220M
5 6
Overall Geo Stats
10
8
20
15
10
Funding Rounds $ Invested Analyst Picks
Einride Upgraded
to SOONICORN
New Investors
Temasek
Maersk Oil Trading
Series A+ rounds Active Investors IPOs
ITAB
SyntheticMR
Acquisitions
Tatab Hyrservice#@
Teknikutbildarna#@
Top Funding Rounds Top Markets Top Investors Top Cities
Monthly Leader Board
Stockholm
(7 Rounds, $190M)
Uppsala
(1 Rounds, $17.7M)
Gothenburg
(1 Rounds, $11.1M)
Ekero
(1 Rounds, $1.1M)
$110M - Series B
Einride (2016, Stockholm, $160M)
$61.0M - Series D
Doktor.se (2016, Stockholm, $122M)
$18M - Series B
Exeger (2009, Stockholm, $45.1M)
$17.7M - Series B
Dirac (2001, Uppsala, $41.8M)
DIG Investment
(2 Investments)
Northzone
(1 Investments)
Temasek
(1 Investments)
Ericsson
(1 Investments)
Electric Vehicles
Einride
Logistics Tech
Autonomous Vehicles
Healthcare Booking Platforms
Doktor.se
Market Size
Companies Covered 5,793
Funded Companies 2,462
Total Funding $16.9B
Funding in last 12 months $5.5B
Top Exits
IPOs 216
Acquisitions 536
Company Stage
Unicorns 2
Soonicorns 33
Minicorns 155
Editor Picks 715
Series A+ 536
Series C+ 117
Acqui-Hires 1
Deadpooled 392
Top Cities
Stockholm (1,139 Rounds, $12.7B)
Gothenburg (179 Rounds, $1.1B)
Top Investors
Almi Invest (284 Investments)
Sting (87 Investments)

4. Sweden Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Investment Snapshot
Investment Snapshot of Sweden Tech as of May 2021
Sweden Tech: Investment Snapshot
4
# Rounds
$ Funding
Investment Trend Top Investments (May 2021)*
Einride
(2016, Stockholm, $160M)
$110M - Series B Temasek
Doktor.se
(2016, Stockholm, $122M)
$61.0M - Series D Consensus Asset Management
Exeger
(2009, Stockholm, $45.1M)
$18.0M - Series B
Dirac
(2001, Uppsala, $41.8M)
$17.7M - Series B TIN Fonder
OnDosis
(2017, Gothenburg, $14.5M)
$11.1M - Series B Aeternum
Ridesum
(2017, Ekero, $1.1M)
$1.1M - Seed Zenith Group
Ridely
(2016, Stockholm, $983K)
$983K - Seed Sophie Stenbeck
kitchengrowth
(2020, Stockholm, $181K)
$181K - Seed
*Shows only the lead Investors

5. Sweden Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
List of Funding Rounds
List of Funding Rounds in Sweden Tech in May 2021
Sweden Tech: List of Funding Rounds
Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+), PE
5
LATE STAGE
$61.0M - Series D
Doktor.se (2016, Stockholm, $121.8M)
Provider of an app for telehealth solutions
Consensus Asset Management, Norron, Skabholmen
Invest
EARLY STAGE
$11.1M - Series B
OnDosis (2017, Gothenburg, $14.5M)
Developer of a drug delivery system
Aeternum, DIG Investment
EARLY STAGE
$17.7M - Series B
Dirac (2001, Uppsala, $41.8M)
Provider of digital audio optimization solutions
DIG Investment, TIN Fonder
EARLY STAGE
$18.0M - Series B
Exeger (2009, Stockholm, $45.1M)
Develops materials to improve cell performance
EARLY STAGE
$110.0M - Series B
Einride (2016, Stockholm, $160.4M)
Developer of autonomous electric shuttles and freight
mobility platform
Temasek, Northzone, Maersk Oil Trading, Build Capital
Partners, Norrsken VC, and 4 more
SEED STAGE
$180.7K - Seed
kitchengrowth (2020, Stockholm, $180.7K)
Platform offering ghost kitchen solution for restaurant
industries
SEED STAGE
$982.9K - Seed
Ridely (2016, Stockholm, $982.9K)
App-based training solution for equestrians sports
Almi Invest, Sophie Stenbeck, Charlotte McAuley, Mark
McAuley, Per Brilioth
SEED STAGE
$1.1M - Seed
Ridesum (2017, Ekero, $1.1M)
Platform offering digital horse training platform
Zenith Group, Hooks
SEED STAGE
Seed
Corite (1999, Stockholm, $681.7K)
Music promotion through fans
SEED STAGE
Seed
Iamip (2013, Stockholm, $2.1M)
Cloud-based patent analytics and management
software provider
Black Pearls

6. Sweden Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Investors
List of New Investors in Sweden Tech in May 2021
Sweden Tech: List of New Investors
6
Investor Company Info Round Amount Round Name
Temasek
323 portfolio companies | Private equity firm focused on multiple sector
Einride
Developer of autonomous electric shuttles and freight mobility
platform
$110M Series B
Maersk Oil Trading
14 portfolio companies | Conglomerate providing services to logistics, oil & gas
industries
Einride
Developer of autonomous electric shuttles and freight mobility
platform
$110M Series B
TIN Fonder
4 portfolio companies | Venture capital focused on tech companies
Dirac
Provider of digital audio optimization solutions
$17.73M Series B
Aeternum
1 portfolio companies | Aeternum
OnDosis
Developer of a drug delivery system
$11.05M Series B
Consensus Asset Management
1 portfolio companies | Consensus Asset Management
Doktor.se
Provider of an app for telehealth solutions
$60.96M Series D
Build Capital Partners
2 portfolio companies | Sector agnostic accelerator and private equity firm
focused on tech companies
Einride
Developer of autonomous electric shuttles and freight mobility
platform
$110M Series B
hitcomusic.com
1 portfolio companies | Hitco Entertainment
Corite
Music promotion through fans
Undisclosed Seed
Black Pearls
13 portfolio companies | Tech focused seed stage VC firm investing in Poland
Iamip
Cloud-based patent analytics and management software provider
Undisclosed Seed
Hooks
1 portfolio companies | Equestrian apparels and gears
Ridesum
Platform offering digital horse training platform
$1.09M Seed
Skabholmen Invest
1 portfolio companies | Single family office focused on multiple sectors
Doktor.se
Provider of an app for telehealth solutions
$60.96M Series D

7. Sweden Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Top Funded Business Models - last 1 year
* Rank is based on $Invested in last 1 year in the Business Model. ▲- Indicates change in Rank from previous 1
year.
7
Rank Business Model $ Funding # Rounds Top Funding Round
1 ▲1 Internet First Point of Sale Financing $1.7B 4 Klarna | $1.0B | Series H
2 ▲1 Retail Stores Shopper Purchase Financing $1.7B 4 Klarna | $1.0B | Series H
3 ▼-2 Lithium Ion Batteries $600M 1 Northvolt | $600M | Series C
4 -- Electric Cars $550M 1 Polestar | $550M | Series D
5 ▲10 Music Licensing Marketplace $455M 2 Epidemic Sound | $450M | Series D
6 ▲51 Plant Based Seafood Substitutes $200M 1 Oatly | $200M | Series C
7 ▼-3 Open Banking Aggregation APIs $154M 3 Tink | $103M | Series D
8 ▼-3 Free Float Electric Kick Scooters Rentals $136M 2 Voi | $107M | Series C
9 ▼-3 Free Float Electric Kick Scooter Rental $136M 2 Voi | $107M | Series C
10 ▼-2 Autonomous Trucks $120M 2 Einride | $110M | Series B

8. Sweden Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (1/2)
Interesting Companies identified by Analysts in Sweden Tech in May 2021
Sweden Tech: Analyst Picks
8
Upgraded to SOONICORN
Einride (2016, Stockholm, $15.4M, Series A)
Developer of autonomous electric shuttles and freight
mobility platform
Ericsson, KI capital, Plum Alley Investments and 13
other Investors
Upgraded to SOONICORN
Exeger (2009, Stockholm, $10.0M, Series A)
Develops materials to improve cell performance
SEK, Fortum, Wallenstam and 10 other Investors
Upgraded to MINICORN
OnDosis (2017, Gothenburg, $3.4M, Series A)
Developer of a drug delivery system
University of Gothenburg, Aeternum, Sanner Ventures
and 4 other Investors
Upgraded to MINICORN
Doktor24 (2016, Stockholm, Unfunded)
Digital patient management software for healthcare
professionals
Added to Editor's Pick
Asarina Pharma (2006, Umea, $7.8M, Series A)
GABA-A modulating steroid antagonist for
premenstrual dysphoric disorder (PMDD)
Handelsbanken, Swedbank Robur, Idinvest Partners
and 6 other Investors
Added to Editor's Pick
Zettle (2010, Stockholm, Unfunded)
Payment processing solutions for merchants &
businesses
Hermes GPEand
Added to Editor's Pick
Ridesum (2017, Ekero, $1.1M, Seed)
Platform offering digital horse training platform
Hooks,Zenith Groupand
Added to Editor's Pick
Apoteket (1970, Solna, Unfunded)
Online store for the purchase of medicines and
healthcare products

9. Sweden Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
New Analyst Picks (2/2)
Interesting Companies identified by Analysts in Sweden Tech in May 2021
Sweden Tech: Analyst Picks
9
Added to Editor's Pick
Ridely (2016, Stockholm, $983K, Seed)
App-based training solution for equestrians sports
Sophie Stenbeck, Charlotte McAuley, Mark McAuley
and 2 other Investors
Added to Editor's Pick
Eurocard (1965, Solna, Unfunded)
Expense management software for businesses
Added to Editor's Pick
Oncopeptides (2000, Stockholm, Unfunded)
Developer of drugs for the treatment of cancer
Added to Editor's Pick
DogTracks (2018, Raa, Unfunded)
Platform offering dog tracking application
Added to Editor's Pick
BRP Systems (2004, Linkoping, Unfunded)
Cloud-based management software for gyms and
fitness centers
Added to Editor's Pick
Consent Management (2018, Vasteras, Unfunded)
Website consent manager for GDPR compliance
Added to Editor's Pick
Corsmed (2016, Stockholm, Unfunded)
Online medical training tool for healthcare
professionals

10. Sweden Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
IPO Date Company IPO Mcap Exchange Ticker
21 May 2021
ITAB (1978, Jonkoping, )
Self checkout solutions for offline retailers
LON:0RGW
21 May 2021
SyntheticMR (2007, Linkoping, )
Provides software solutions for Magnetic Resonance Imaging
LON:0G79
20 May 2021
Oatly (1997, Malmo, $233M)
Manufacturer of oats-based beverages and food products
$10.1B NASDAQ:OTLY
19 May 2021
Hexagon (1992, Stockholm, )
Digital conglomerate providing sensor, software and autonomous
solutions
LON:0GRX
07 May 2021
Boliden (1924, Stockholm, )
Mining and smelting company
LON:0YAL
14 May 2021
Betsson Group (1963, Stockholm, )
Operator of multiple online gambling sites
LON:0A37
IPOs
List of IPOs in Sweden Tech in May 2021
Sweden Tech: IPOs
10

11. Sweden Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Acquisitions
List of Acquisitions in Sweden Tech in May 2021
Sweden Tech: Acquisitions
11
Acq. Date Company Acquirer Deal Size
10 May 2021
Tatab Hyrservice(1988, Tranas)
Online platform for industrial equipment rentals
Screen Capital
10 May 2021
Teknikutbildarna(1999, Sundsvall)
Electrical courses providers to individuals & business
Trainor
10 May 2021
Puppyplaats(2013, Stockholm)
Platform offering pet adoption service
petmediagroup.com
11 May 2021
FRAME BREAK(2018, Skovde)
Video game developer focusing on casual games
Amplifier Game Invest
12 May 2021
FossID(2016, Stockholm)
Provider of open source compliance and security tools
Snyk
21 May 2021
glō(2005, Sunnyvale, $161.0M)
Nanotechnology based LED technology provider
Nanosys
24 May 2021
Whalebone(2017, Stockholm)
Cloud-based digital event management solution provider
Bizzabo
30 May 2021
MedSciNet(1995, Stockholm)
Software suite for clinical trials and studies.
CSAM

12. Sweden Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Recent News (1/2)
Recent News in Sweden Tech in May 2021
Sweden Tech:News
12
Exit News
.
● Swedish oat milk brand Oatly prepares Nasdaq IPO Proactive Investors
.
● Sweden fintech Tink buys startup Fintecsystems Business Insider
.
● Oatly gets $10 billion valuation in New York IPO PageOne
.
● Oprah Winfrey-backed Oatly’s IPO reportedly prices stock at top-of-range
$17/share Seeking Alpha
.
● Broadridge Completes Acquisition of Itiviti Finance Magnates
.
● Smart Eye acquires Affectiva Research Live
.
● Nanosys acquires microLED company glō Evertiq
.
● Bambuser Acquires MarTech Company Relatable to Create a Powerhouse
Platform for Livestream Social Commerce PR Newswire
.
People News
.
● Klarna appoints Roger W Ferguson Jr to the board Finextra
.
● Andrew Udell Promoted to President of Calliditas North America Medical Device
News Magazine
.
● IDEX Biometrics Appoints Catharina Eklof as Chief Commercial Officer
GlobeNewswire
.
● Captario Announces New Head of Big Pharma Strategy PRWeb
.
Company News
.
● Transgene and BioInvent Receive IND Approval from the U.S. FDA for BT-001, a
Novel Oncolytic Virus for the Tre... Business Wire
.
Regulatory News
.
● EU to charge Apple over anti-competitive App Store fees this week AppleInsider

13. Sweden Tech - May 2021 Copyright © 2021, Tracxn Technologies Private Limited. All rights reserved.
Explore more on Tracxn
Explore more about Sweden Tech on Tracxn Platform
Sweden Tech: Explore more on Tracxn Platform
13
Companies
Recent Companies Covered
Funded Companies
Editor's Pick
Soonicorn Club
SaaS Companies in Sweden
AI Companies in Sweden
Fintech Companies Sweden
Consumer Digital in Sweden
Company Due Diligence
Detailed profile of Northvolt
Competitors of Epidemic Sound
Cap Tables of
Investment Activity
Recent Investments
Investment Trend of last 10 years
Mega Investments Rounds
Investors
Most Active Investors
Most Active Angel Investors
Unicorn Investors
Exits
IPO'd Companies
Recent Acquisitions
Most Active Acquirers
Recent Acquihires
News & Events
Recent News
News on People
News on Unicorns
Upcoming Events
Library
Recent Reports
Tracxn Blog
Global Sector Landscape

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