Area of interest: Finance, Legal and Insurance
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Froda secures 560 MSEK
(Stockholm, seamless business funding to market-leading terms): Has secured 560 MSEK in grants from the EIF. Early investors in Froda include member Nicklas Storåkers and founding member Karl-Johan Persson. Froda, whose revenue increased by about 105 percent to just over 400 million kronor in 2023, was valued at 1.7 billion SEK in the round.
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Gilion raises 100 MSEK
(Stockholm, a precision financing company that empowers startups to grow faster by offering equity-free loans): Has raised 100 MSEK in a funding round from Annika Falkengren, Andrew Konopelski, Göran Garvner, and members Henrik Garvner and Oscar Werner. Early investors in Gilion include founding member Jacob de Geer. “In the current financial climate, founders are increasingly demanding various financing options that are tailored to their…
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Cetti raises 16 MSEK
(Uppsala, an integrated real estate transaction solution between sellers, buyers, brokers, and banks from advertising to signing): Has raised 16 MSEK in a funding round from Johan Tjärnberg, Oliver Hildebrandt, Christian Frick and member Michael Wolf. Cetti handles around 25% of all real estate transactions and is used by over 50% of Sweden’s real estate brokers.
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Verdane secures 12 billion SEK
(Oslo, a venture capital firm specializing in tech and sustainability): Has secured 12 billion SEK for its new fund. In September, Verdane closed another fund, Freya XI, at the same level. This means that they’ve secured 24.6 billion SEK in the last 4 months. “We are standing strong in a troubled time, with a lot of capital to…
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Kameo raises 30 MSEK
(Stockholm, a digital marketplace for crowdfunded loans to property developers): Has raised 30 MSEK in a funding round from Incore Invest with founding member Jonas Mårtensson and member Nicolai Chamizo. Early investors include member Erika Eliasson who also serves as a board director. Since its inception in 2016, Kameo has facilitated over 1,000 loans with a total value of over 5 billion SEK. Despite the…
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Lesslie raises 18 MSEK
(Stockholm, a fintech company for painless payments for cross-border businesses): Has raised 18 MSEK in a funding round led by Wellstreet with members Evelina Anttila, Helen von Bahr, Armando Coppola and Henric Enhörning. Quinary with members Johan Qviberg and Erik Axelsson alongside David Craelius and Erik Seifert also participated. Early investors include members Willem De Geer and Noel Abdayem.
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Webrock Ventures secures
Stockholm/São Paulo, a venture studio helping Swedish tech startups expand to Brazil): Has secured 70 MSEK in a funding round from Atlant Fonder and Roosgruppen. Webrock, with member Christian Manhusen as a partner, raised the funding in conjunction with an IPO in February. “The listing on Nasdaq First North Growth Market is a quality stamp and is a natural step in the continued…
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Expansion secures 1 billion SEK
(Stockholm/Paris, a venture capital firm focusing on space and new air mobility): Has secured 1 billion SEK for its first fund from EIF and other investors. “Space has become a very important infrastructure for everyone. For example, 60 percent of all sustainability data comes from satellites. It’s extremely important for maritime, forest and forest fires, agriculture, heat…
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Baemingo acquires Autocall
(Stockholm, a full-service POS service for restaurants, bars, hotels and nightclubs): Has acquired the former competitor Autocall. “We are incredibly proud to have doubled our turnover and to have achieved profitability. The acquisition of Autocall is a key component in our strategy for growth,” comments member Faje Gani.
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Kost Capital secures 25 MEUR
(Copenhagen, a VC fund providing pre-seed and seed funding for early-stage bio-economy startups): Has secured 25 MEUR for its new fund. “We all need to eat, but the food system is broken. A growing population, climate change, food waste, health issues, and policy changes require rapid funding now to ensure sustainability, efficiency, and resilience in…
