Swedish Startup Space

Sunday in #swedentech: Spotify IPO, Safello raises $600k and Tictail heading to the US

Written by on February 23

Each Sunday, we bring you Swedish technology companies who’ve been written about, or mentioned by larger international press. This week, rumours surrounding a Spotify IPO were strengthened by a mysterious job listing, Bitcoin marketplace Safello raised $600k from some of Bitcoin’s most prominent advocates and Tictail raises their Series A and are heading to the US.

Swedish tech startup Tictail gets funding from UK whizzkid D’Aloisio

Swedish online retail startup Tictail has received an $8 million round of funding, including the first investment by Nick D’Aloisio since he sold his Summly App to Yahoo for a reported $30 million last year when he was 17.

Swedish Bitcoin Startup Safello Gets $600K Investment

Billing itself as the “Coinbase of Europe” Sweden based Bitcoin company Safello has raised a $600,000 investment round lead by Bitcoin advocates Erik Voorhees (co-founder of the Bitcoin company Coinapult) and Roger Ver (Angel Investor & Bitcoin evangelist), and participated in by Blockchain.info CEO Nicolas Cary and angel investors Victor & Victor. The startup has also redesigned its site for usability to position itself as ‘safest way into Bitcoin’. The startup plans to go up against major competitors in the shape of Kraken, Bitstamp, Coinbase, and BTC-E.

Spotify move adds to IPO speculation

Online music streaming service Spotify is recruiting a U.S. financial reporting specialist, adding to speculation that the Swedish startup is preparing for a share listing, which one banker said could value the firm at as much as $8 billion.

 

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