The Venture Codex

Led · Equity · Jun 2010

Mindmancer AB, based in Göteborg, Sweden, develops technology and supplies cameras designed to prevent vandalism, intrusion, theft and fire. Its core offering is security cameras and related services sold via partner agreements. Customers include PEAB, NCC, Skanska, SISAB Skolfastigheter i Stockholm, Göteborgs Energi and Byggfast. The company raised 2.3m kronor in funding. Investors include the venture capital firm Coach & Capital among others. The funds will be used to expand further in Sweden, to roll out services via partner agreements in Poland and Norway, and to enter the UK.