Area of interest: Retail
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The Healthy Brands Company has been acquired by Umida
(Stockholm, specializes in well-being, health, energy, and fitness products): Has been acquired by Umida for an undisclosed amount. The Healthy Brands Company was owned by founding member Ash Pournouri. “The acquisition of The Healthy Brands Company should be seen as the start of a new effort, allowing us to bring more innovative brands and products…
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Zëiyt raises 10 MSEK
(Stockholm, Palestinian olive oil for skin and hair): Has raised 10 MSEK in a funding round from Martin Lorentzon. “Of course, I’m aiming to build a billion-dollar company, preferably global, but the stock market seems insanely complicated. In my interview series on entrepreneurship, ‘Gina mot Miljarden,’ I talk to different entrepreneurs to find out what…
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Infinited Fiber Company raises 450 MSEK
(Espoo, a premium textile fiber from recycled fabric): Has raised 450 MSEK in a funding round from Inditex Group, TTY Management and H&M with founding member Karl-Johan Persson. “Investing in new innovative materials is an incredibly important part of our sustainability work for a circular future,” comments H&M.
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HMVX raises 30 MSEK
(Stockholm, an initiative for circularity in the textile industry): Has raised 30 MSEK in a funding round from majority owners Vargas and H&M with founding member Karl-Johan Persson. Susanna Campbell, Emma Stjernlöf, and member Mia Hemmingson also participated. The details on the initiative are still scarce, however the former Polestar executive Dennis Nobelius has been…