Participated · Equity · Oct 2023

Fast Travel Games is a Stockholm-based, VR-exclusive game developer and publisher led by industry veterans. The studio has released twelve VR titles, including Apex Construct, The Curious Tale of the Stolen Pets, and Wraith: The Oblivion – Afterlife. Management reported revenues grew 70% last year to over $5M and said strong growth continues this year. The new funding will support development of new IP for VR platforms and the company’s publishing initiatives. Current projects include Mannequin (its first original IP in four years), the studio’s first multiplayer game, and an unannounced title; the team also plans to publish Project Demigod next year. Fast Travel cites hardware tailwinds from PSVR2, Quest 3, and the upcoming Apple Vision Pro as drivers for further expansion. Fast Travel Games is a Swedish VR game studio developing its first high-end virtual reality title. The company was founded last year by former staffers from Rovio, EA, and Dice and is based in Stockholm. It raised $2.1 million in a new funding round to grow the team and accelerate development and launch of its debut VR game. Management cites an expectation that the high-end VR market could reach 100 million units sold by 2021 and says the founders have deep-rooted expertise to secure a strong foothold. CEO Oskar Burman said the funding will strengthen the team and expand the company’s ability to bring immersive experiences to players. Fast Travel Games, founded in 2016 and based in Stockholm, develops virtual reality games emphasizing social interaction and storytelling. The studio is co‑founded by Oskar Burman (CEO), Kristoffer Benjaminsson (CTO) and Erik Odeldahl (Creative Director). It remains in stealth mode and plans to reveal further details about the company and its games in the coming months. The company raised a seed funding round (amount undisclosed). Advisors to the studio include Mojang’s production director Daniel Kaplan, Avalanche Studio’s founder and CCO Christofer Sundberg, Paradox Interactive’s COO Susana Meza Graham, and Peter Zetterberg from the Microsoft Minecraft team. No operating metrics or revenues were disclosed in the article.

Led · Equity · Aug 2023

Collective Minds Radiology builds a cloud-based collaboration platform for healthcare that provides access to data as well as human and digital expertise for clinical consultation, education, and research. The company offers products and services focused on medical imaging research, clinical consultation, and education. Founded in 2017 and led by CEO Andre Nordell, the Stockholm-based health-tech startup has connected over 14,000 healthcare professionals and 170 healthcare providers and hospitals to its platform. In August 2023 it closed SEK84M (approx. USD7.615M) in financing. The company intends to use the proceeds to accelerate commercial expansion of its professional healthcare collaboration platform. No other financial details were disclosed in the article. Collective Minds Radiology develops a cloud‑based healthcare collaboration service that enables doctors, researchers and industry to collaborate across borders on medical imaging, consultations, clinical trials and education. The platform today connects 50 hospitals and more than 2,000 doctors. The company says demand has grown during the pandemic as hospitals and specialists seek better digital collaboration. Collective Minds has commercial and clinical management in Stockholm and product development in Barcelona. The recently raised capital will support continued technology development, expansion of the team, further European expansion and preparations for a global launch. The company positions itself as building a network of collective and artificial intelligence in radiology to improve diagnosis and clinical research.

Participated · Series A · Nov 2022

Adway is a Gothenburg-headquartered company that offers talent acquisition software with embedded tools to help employers reach digitally‑savvy users via digital ads and social media. Its platform combines automated HR workflows and social media advertising to help companies make stronger impressions with candidates. Adway says its technology drives lower costs per hire and helps diversify talent pools while reducing reliance on traditional hiring methods. The company has attracted investment from Octopus Ventures alongside existing backers Brightly Ventures and Spintop Ventures. Adway has secured €10 million in Series A funds. Proceeds will be used for product development and to fuel plans for international expansion.

Participated · Series A · Aug 2022

Worldfavor offers a cross-industry SaaS platform that enables organizations to share and access supply-chain and ESG data to support reporting and decision-making. Its network is used by over 25,000 organisations across 130+ countries, serving procurement teams, investors/private equity and large corporates. Data on the platform is self-reported by providers rather than actively audited; Worldfavor provides analytics and basic checks and plans to develop more sophisticated tools and automated auditing using machine learning. The company focuses on growing data providers, data accessors and daily data transactions to increase utility and lower reporting fatigue. Management is targeting scale while boosting annual recurring revenue and says ARR is growing at a little over 100% and user base growth is roughly double that. The product roadmap emphasizes deeper analytics, potential automated verification capabilities, and expansion of the platform’s network effects. Worldfavor offers a global platform that lets organizations, suppliers and stakeholders exchange sustainability data and streamline reporting across value chains. The product aims to replace manual spreadsheets and legacy software, saving time and improving efficiency. The company reports that over 30,000 organizations have chosen to exchange sustainability data through its platform. Worldfavor was founded in 2011 and has an international team of sustainability specialists, system architects, UX experts and business leaders. Early support came from government agencies and incubators such as Vinnova, Almi and STING. The company plans to use new funding to expand into new countries, further develop the platform and grow its team.

Participated · Equity · Jun 2022

Yabie is a Stockholm-based fintech that provides cloud-based checkout and payment solutions for SMEs. Founded in 2017 by Mathias Plank, the company's all-in-one platform bundles software, hardware, checkout systems, and payment options that integrate with accounting. Yabie serves more than 4,000 enterprise customers in Sweden and processes over 100 million transactions annually, with transaction volume exceeding €380M. In June 2022 the company raised €15M at a €91M valuation in an oversubscribed financing led by Absolute Unlisted. The new capital will be used to accelerate platform development and support expansion into new markets. To date Yabie has raised €50M.