Swedish Startup Space

Sunday Swedish Startup News: Narrative, Soundcloud, Volumental and the Bitcoin Database

Written by on January 26

Each Sunday, we bring you Swedish technology companies who’ve been written about, or mentioned by larger international press. This week, Narrative were reviewed in SlashGear,  Soundcloud took in new funding at a $700M valuation, the hype surrounding Volumental grew and Creandum-initiated Bitcoin database went viral. 

Narrative Clip Review – A wearable camera with context

“The most common reactions I got from people spotting the Clip was curiosity and variations of “I didn’t sign a waver!” said in a not-entirely-serious way. When I offered to take it off, however, they usually turned out to be more interested in the technology and my reasons for wearing it, than they were concerned about their privacy. More than one asked me to send on “any good photos it takes of me” once they’d been processed, reminiscent of the old days of film cameras and asking friends for reprints.”

Music-Sharing Service SoundCloud Raises New Funds at $700 Million Valuation

“The Berlin-based startup received more than $60 million in a round of financing that values the company at about $700 million, according to a person familiar with the deal. The round closed late last year but hasn’t been announced or reported. Previous investors, including Kleiner Perkins Caufield & Byers, GGV Capital, Index Ventures and Union Square Ventures, also participated.”

Volumental will replicate the world

“Caroline Walerud, CEO of Volumental, also said, “Combining the precise and high resolution data we get from the SoftKinetic camera with our cutting-edge 3D reconstruction algorithms, we will be able to bring a new level of accuracy and quality to 3D scanning for both professionals and consumers. This opens up new possibilities for 3D capture, making 3D scanning widely accessible.”

Bitcoin Triggers Buzz, Controversy … and Now, Startups

“Bitcoin is interesting, but we’re still looking for a company within this space that provides an application that solves an actual problem,” said Joel Eriksson Enquist, an associate at Creandum. “And given that bitcoin is a global phenomenon, we’re also keen to find a company that is truly global.”

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