Fox Bought Roku
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T-Unit, the Spotify founders' new startup, aims to defend European democracies
swedishtechnews.com4 points2 comments
T-Unit is a Stockholm-based company founded by Spotify co-founders Daniel Ek and Martin Lorentzon to help make European democracies more resilient. Its AI-powered platform brings together information that is typically dispersed among government agencies, businesses, and separate systems. The aim is to let decision-makers rapidly understand unfolding situations, anticipate developments, and determine how to respond. The company is led by Fredrik Torp, a former Swedish army officer who also held security leadership roles at Vattenfall and ABB.
After being funded primarily by its founders, T-Unit has announced a €50 million funding round, its first to include an outside investor: European venture firm Lakestar. Ek and Lorentzon are also contributing, while Lakestar is reported to provide the largest share. The founders had previously put at least about €5 million into the company. Lakestar founder Klaus Hommels has longstanding ties to Spotify, having invested personally in 2008 and later through his firm. T-Unit currently serves only Sweden, but plans to expand into the Nordic and Baltic countries and other key European markets. Dagens industri reported the company’s valuation at SEK 3.5 billion, or roughly €320 million, following the funding.
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