Note: This is a new Sunday format we are going to test – wrapping up all the great international press Swedish startups are getting. Please give us some feedback on Twitter, and of course – if you find a great piece, pass it on! In addition, we are looking to give it a snappy title – any suggestions?
“The Tictail App Store will enable developers to reach online store owners with their applications. An innovation compared to others in the space is the Tictail feed, which prompts Tictail users on a range of issues including customer service, social media, and other tasks depending on their activity. This allows Tictail to recommend specific apps to store owners depending on when they are likely to need them. Handy if you are an app developer.”
“We’ve been hearing rumors about King (previously King.com) filing for an IPO for some time, but now it’s been reported that that the Sweden-founded creator of the addictive Candy Crush Saga has quietly filed for an IPO in the U.S. The Firm is now headquartered in the UK, and is said to be valued around $5 billion. To put that in some comparison, Zynga, another company that built Facebook games but had a rougher transition to mobile Free to Play games, has about half as many users and a market capitalization of about $2.9 billion”.
“Ek launched Spotify, which offers more than 20m songs for online streaming, in Europe in 2008. It took longer to persuade record labels to license their songs for the US and he initially set up a New York base at the nearby club Soho House, shuttling between there, London and Stockholm. The company finally launched in the US in 2011 and now has 250 staff working, a few blocks from where we meet, in a newly opened loft with Silicon Valley flourishes – including a Metallica-themed pinball machine and a lime-green mural charting growth. At its last update in March, the service had 24m active users and 6m subscribers, each paying up to $10, €10 or £10 a month”.