Based in Denmark, Erdem Ovacik is known as a pioneer for mobile-app-based bike-sharing and advocacy on mobility related topics. But he’s also deeply engaged in creating possibilities for entrepreneurs to contribute to real change.  As the founder of Spintop Ventures’ portfolio company Donkey Republic Erdem Ovacik has been a part of the Spintop family for…

Spintop Ventures, leads the investment round for Aiba AS, a cutting-edge cybersecurity startup offering AI moderation platform to safeguard children and young adults on the internet.  This partnership aims to address a pressing global issue: The alarming increase in cyber grooming and toxic behaviors directed towards children and young adults in the digital world. With…

Spintop Ventures recruits Caritta Seppä as Investment Manager for expanding Spintop Ventures’ focus in Finland. Caritta Seppä is a tech co-founder and has been recognised by Forbes 30 Under 30. Caritta has always had a passion for education, sustainability, and creating long-lasting impact, which led her to co-found Tespack, a smart energy startup. She has…

Spintop Ventures has led an investment round for Elastisys, a spin-off company from Umeå University, specializing in cloud native technologies with a strong commitment to information security. The 30 million SEK investment will further drive Elastisys rapid expansion.  Elastisys provides its Compliant Kubernetes cloud platform as a managed service for customers to accelerate digital innovation…

Dear friends of Spintop, We are happy to share a few lines about what we have been up to recently, as we are at the half year break and going into the vacation period.  Strong traction in a new market environment There’s a new financing environment for tech start-ups and scaleups, following the overheated market…

Spintop Ventures has led a 45 MSEK investment into Embedl, a strategic move set to amplify its operations and further enhance the tools that are delivering the highest-performing AI models in the automotive industry. Embedl, a Swedish deep tech company specializing in AI research and development, has successfully raised SEK 45 million led by Spintop…

Spintop proudly presents Helen Agering as a new partner. Helen has a background as a serial executive scaling successful B2B SaaS companies. She brings highly valuable experiences strengthening the operational and industrial expertise on the Spintop team.   Prior to joining Spintop, Helen held key executive positions at several high-growth startups, where she was instrumental…

With IndyRIOT you can create a customized online community within your own domain, tailored for your specific needs. Kimberly Larsen and Lasse Andresen sparked the idea from their interest and experience of combining online and offline lives in a secure way.  Co-founder and CEO Kimberly Larsen shares how it all began:  – Lasse and I…

Spintop Ventures’ portfolio company IPRally Technologies, a patent AI company based in Helsinki, Finland, today announces an A round investment totaling €10m. The round is led by Endeit Capital with participation of previous investors Spintop Ventures, Join Capital and Icebreaker.  The funds will allow IPRally to accelerate the expansion of the company and to develop…

Spintop Ventures’ portfolio company Nomono is a winner in 2023 SXSW Global Innovation Award. Nomono is a pioneering developer of audio recording. Their Nomono Sound Capsule offers a portable, all-in-one field recording solution built specifically for podcasters and journalists, that automatically uploads recordings to an intuitive cloud-based audio collaboration and preparation tool.  – This is…

Spintop Ventures’ portfolio company and the AI ​​platform Infobaleen changes its name to  Sift Lab, in their journey to become a leader in the Nordics and Europe. Sift Lab’s AI platform helps customers both track and act on the right KPIs in real time.  This happens by taking in large amounts of customer data in…

Spintop Ventures’ portfolio company Cambri has announced the appointment of Ben Harknett as its new Chief Executive Officer, following an extensive search. Ben Harknett replaces Dr Heli Holttinen who has moved to Chief Product Officer to fully focus her efforts on the company’s product development. Spintop partner Sami Niemi comments: – From an investor’s perspective…

Serial-entrepreneur Nima Samimi, founder and CEO of HR-platform AlexisHR, spent a lot of time and energy handling HR-issues in his previous start-up and that’s how the idea to his new company was born. Three years after the release AlexisHR are serving customers all over Europe with focus on Norway, Sweden and the Netherlands with users…

Scrintal, an innovative visual note-taking and collaboration tool, has raised €1 million in funding to launch and accelerate its growth. The investment round is led by Spintop Ventures, and joined by existing investor Icebreaker VC, and Jacob Hellqvist. The company combines visual canvases with documentation to help professionals and teams go from idea to presentable…

Spintop Ventures recruits Kamyar Espahbodi as Investment Manager. Kamyar Espahbodi has previously played a critical role in a €10 million fundraising by one of Spintop Ventures’ portfolio companies. – We are thrilled that Kamyar, with experience in the venture capital industry and a proven track record from operational roles, has joined the team at Spintop….

Danish entrepreneur Mads Mikkelsen joins Spintop Ventures as Senior Advisor. His focus will be to build Spintop’s presence in Denmark and increasing investment activities in Danish early-stage tech start-ups.  With a background in international sales and business development, Mads has spent the last 13 years at Danish tech start-ups including at Endomondo and Myfitnesspal, both…

Anders Malmström is the new CEO of Spintop Ventures’ portfolio company Defentry. He joins the Nordic cyber safety company as they’re preparing to scale-up in western Europe and the US. Defentry protects personal data for millions of individuals around Europe, through a real-time 24/7 digital monitoring and alert service for individuals and companies.   – I’m…

The AI ​​platform Infobaleen aims to become a leader in the Nordics and Europe. This funding round, Spintop Ventures and existing investor Fort Knox are investing, together with new management Linda Hellström and Anna Sundin, martech veterans from CRM firm Kaplan, among others. The platform helps customers both follow up and act on the right…

When Lina Andersson, the founder and CEO of Once Upon, realized that she didn’t have one single printed photo of her daughter, she decided to build an easy to use photo book app to solve her problem. The existing photo book services were too complicated, she wanted a simple and smooth app with a beautiful…

Adway, an automated social recruitment marketing solution from Sweden, announced today that it has raised a €10 million Series A round from Octopus Ventures and existing investors, Spintop Ventures and Brightly Ventures. – Since our investment in Adway last year, the team has excelled in so many areas. Continuously improving their platform, international expansion, more…

Sakari Arvela is the founder and CEO of IPRally, a company Spintop Ventures invested in early in 2021 and who are now aiming for their next leap as they revolutionize machine understanding of technology on their mission to become category leader in AI based patent intelligence. IPRally is a startup founded in 2018 that provides…

At Spintop, we believe in a patient and long-term approach to technology investment to have rapid and long-term sustainable impact.  The technology venture investment industry has been hugely successful over the last few years. Massive amounts of capital have been allocated to technology ventures. New hugely successful companies have emerged and scaled rapidly re-defining markets…

Nomono, a pioneering developer of audio recording and Spintop Ventures’ first investment in Norway, has announced the closing of a 35MNOK (€3.55MEUR) investment round, led by Schibsted Ventures. This seed round announcement comes on the heels of the company’s recent launch of the Nomono Sound Capsule, a cloud-connected, self-contained recording kit for capturing audio recordings…

Spintop portfolio company Donkey Republic welcomes Niels Henrik Rasmussen as new CEO, replacing co-founder Erdem Ovacik. Niels Henrik Rasmussen, former CEO for Penneo and Secunia, is hired to continue the development and growth of Donkey Republic following the IPO last year.  With the ambition to strengthen and professionalize Donkey Republic Niels Henrik Rasmussen is appointed…

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…