Stockholm-based sustainability platform Worldfavor has today announced a Series A funding round of 105.3mn SEK/€10.2mn, that will fuel growth and expansion plans.  The round was led by leading Nordic corporate bank, Stockholm-based SEB, and existing investors Brightly Ventures and Spintop Ventures also participated in the round. The equity round means that Worldfavor has raised €13.4mn…

Great news from our portfolio company Once Upon as they take a big step with the launch of the world’s first seamless photo book creation.  Swedish Once Upon has had a rapid growth since their start in 2017 and increased their revenue more than 15x since Spintop first invested in the company in 2018. The…

Spintop Ventures proudly presents the new Spintop Fund IV. Investors and the early-stage technology companies Spintop invests in have shown a strong trust in the active engagement, the long-term commitment and the vast experience of the Spintop team. As a result, Spintop is now trusted to manage a total amount approaching 2 billion SEK. “Our…

AlexisHR closes EUR 1.8 million seed round led by Spintop Ventures. The funding will fuel further expansion and positioning in the Nordics and Europe to simplify daily HR operations with the vision to become employees’ most loved people platform.  Alexis’ mission is to change the way companies deal with their people administration by making it…

Finnish startup Gubbe raises a 4 MEUR round to speed up Finnish expansion and international roll-out of their business supporting elderly combat loneliness through access to Gubbe helpers. The round was led by Spintop Ventures , in syndication with Tesi (Finnish Industry Investment Ltd), a large and recognized family office and high-profile angel investors. The…

Alexander Hars is a successful technology entrepreneur and angel investor based in Göteborg, Sweden. He has spent the last 20+ years building software-based companies in the Nordics, especially in the fields of digital consumer services and e-commerce. ”As a leading Nordic early stage technology venture capital firm, we want to bring the best possible competence…

We are pleased to announce that our portfolio company Acamp has acquired Ställplatser, a camping community app with over 100,000 active users across Europe. The camping app is a popular register for campers and camping hosts, both in and outside the Nordic region. The acquisition is an important step towards further operational expansion across the…

Acamp welcomes new investors Spintop Ventures and LRF Ventures, alongside current investor Centripetal Capital, in the Swedish tech company’s biggest round so far. The fresh funds will be used to accelerate growth and expand operations. Acamp’s mission is to make it easy for campers to explore and book great places to camp. Born out of…

MariaDB Corporation Ab to Become a Publicly Traded Company via Combination with Angel Pond Holdings Corporation MariaDB, Fast Growing, Popular Open Source Database Software Company, Will Enter Its Next Growth Phase with New York Stock Exchange Listing in Partnership with NYSE-Listed Angel Pond Holdings Corporation. MariaDB is at the nexus of open source software and…

Erik Skogetun and Jonathan Rintala, two former students at Sweden’s top engineering university, founded Univid after seeing a gap in the market for an interactive and user-friendly event platform. After a flying start for the company as official supplier for the world’s largest political fair, Almedalen, and with Facebook as its first major customer, the company has now raised EUR 800,000 in funding to continue its expansion.

IndyRIOT raises a $3M SEED round to help communities take ownership of their own data The round was led by Spintop Ventures, in syndication with Lyse Vekst and a number of high-profile investment firms and angels. September 27th 2021, Oslo: Today, indyRIOT – the self proclaimed game changer in community platforms – announces it has…

Isabel joins Spintop Ventures from Arctic Securities, and will be based in Stockholm. Isabel has previous experience from investment banking with a focus on capital raising for early-stage companies, IPOs and M&A. She has also lived in the UK for 7 years where she studied law and later worked for a global fintech company before…

We are pleased to inform that Klarna has acquired APPRL. The transaction allows APPRL to connect even more retailers and content creators as global consumers embrace social shopping. The founders Martin Landén and Gustav Gisseldahl have successfully built a business that has aggressively grown their customer base with household brand names. We now look forward…

We are pleased to having completed the exit from, our first ever investment, Trifecta Retail Ventures (TRV). TRV was the holding company resulting from our initial investment in Finnish company DealDash. It has been a wild and somewhat unpredictable journey together with maverick teenage entrepreneur William Wolfram and his excellent management team Pasi Lohi and…

We are pleased to inform that Azerion has acquired Strossle. The transaction allows Strossle to continue creating value to advertisers that respect users’ right to digital privacy. Advertisers are increasingly seeking out privacy safe, non-intrusive advertising formats. Strossle services like the content recommendation and native solutions play into this trend because they allow their advertisers…

Norwegian technology startup completes oversubscribed round to simplify podcasting and enable spatial audio content creation. Nomono, a Trondheim-based audio technology startup spun out from SINTEF Digital in 2019, has completed their latest funding round, securing an additional NOK 55 Million (€5.4M, $6.4M USD) to fuel their research, development, and growth, after setting out to raise…

Spintop Ventures invests in HR tech company Adway to accelerate international growth. Adway reshapes the recruitment industry by innovative solutions to find highly sought-after passive candidates on social media, thus increasing talent pools and diversity.   Gothenburg, 16th June: Adway is announcing that it has raised €3.2M to accelerate their product innovation and international expansion,…

Small Giant Games is now a unicorn investment for Spintop. After having received the second earnout from the sale of the company, the total proceeds received by Spintop corresponds to a company value well above 1 billion USD. Thanks Timo, Otto, Markus, José and the rest of the Small Giant team for the fantastic journey….

Stockholm March 9, 2021 — Crosser, the leading low-code platform for Streaming Analytics, Automation and Integration for Industrial IoT, today announced its latest funding round of €3 million in new capital. The round was led by NTT DOCOMO Ventures and Montan-Ventures- Saar with existing investors Industrifonden, Spintop Ventures, 42 Cap, Almi Invest and Norrlandsfonden also…

Spintop Ventures invests in a SaaS based Product and Concept testing SW company Cambri. Their solution empowers product teams to run best-practices market research by themselves with results available the next day. This allows for iterative innovation that until now was only available for digital products.

Skellefteå based OnceUpon has grown nearly 10x in revenue since Spintop’s entry investment less than 2 years ago. A major new investment from Verdane and Spintop will ensure more of stunning innovation and expansion in the market so more people can turn their memories into most beautiful photo books.

Spintop Ventures invests in disruptive Finnish patent search software company aiming to bring patent search AI to level of human understanding. The investment is well aligned with Spintop’s extensive depth in machine learning, patents and SaaS software sales execution.

Digital identity theft and fraudulent use of personal data is a massive and rapidly growing problem, threatening many of the positive benefits of digitalization. Defentry provides a unique, complete and closed personal data protection loop.

Home mortgage digital platform company Hemma completed a funding round led by Spintop Ventures. Several existing shareholders including Luminar Ventures participated in the funding round. 

Spintop Ventures invest in disruptive Norwegian Audio technology company Nomono. Nomono takes audio recording workflow and the final experience of audio to completely new levels. Although Spintop has been active in Norway for a number or years, Nomono is actually the first investment in a company incorporated in Norway.

          Adnavem raises $4 million, looks to expand to new markets with their automated marketplace for intermodal container freight Spintop Ventures invests in digital disruption of international container freights together with Runa Capital. Adnavem provides new way for companies to run their international supply chains with true end-to-end transparency of CO2…

Practio completes 8.2 MEUR financing to speed up its international expansion Spintop Ventures leads the equity funding for the digital healthcare platform company. Copenhagen based digital healthcare platform company Practio ApS completed its equity funding round, which, together with loan conversion and debt financing, raised 8.2 MEUR for the company. Practio has developed and deployed…