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…

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…

Sustainability and value creation go hand in hand, sustainable businesses will create more long-term value. Diversity is a core part of sustainability and Equality is one of the three UN 17 Sustainable Development Goals (SDGs) in focus at Spintop.  Working strategically with diversity we’ve seen that some key factors have worked out well both for…

Spintop is in the business of making rapid change happen, fast. Technology, applied in smart ways, can accelerate the change we need to make happen to form a long-term sustainable future. The revolutionary entrepreneurs we invest in bring new and better ways of doing things, replacing what is there today for a better tomorrow. Sustainability…

The fundamental change of the professionals talent market, preferences and values among talents and the way we conduct our work create incredible opportunities. It’s our conviction that there’s so much more potential when a group shares a joint mission. When each and everyone is comfortable to be the best versions of themselves a culture is…

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…