Participated · Equity · Mar 2026

Nordic Knots designs products in its Stockholm atelier and has its rugs handwoven in India, positioning itself as a design-forward brand blending Scandinavian aesthetics with broader fashion influences. Founded in 2016, the company began with a strong focus on the US e-commerce market and has expanded beyond rugs into a home textiles collection launched in 2025 as part of a move toward a broader interiors offering. The business reports significant recent growth: turnover of €34 million in the most recently reported year and profit of €6.9 million, with investor-shared revenue of €61 million over the past twelve months and an EBIT margin of 20%. Sales grew 85% year-on-year in 2025 versus 2024, and the company is targeting revenues above €86 million in 2026. Nordic Knots is scaling both digitally and via physical retail, having opened a New York store and planning a Los Angeles opening and additional flagship stores internationally. The company also partners with the GoodWeave initiative to promote fair working conditions in its supply chain.

Participated · Series B · Jan 2024

Founded in 2023 in Stockholm, Aira provides vertically-integrated air-to-water heat pump systems, bundled financing options, full-service installation and a 15-year guarantee to households. The company has rapidly expanded beyond Sweden into Germany, Italy and the United Kingdom and now operates 18 regional hubs and four training academies for heat-pump technicians. Management forecasts an annual sales volume of €200 million and the workforce has grown to roughly 1,200 employees. New capital will be channelled into R&D at the Swedish innovation centre, increased manufacturing capacity at its Wrocław, Poland facility and deeper market penetration through strategic energy and housing partnerships. Aira positions itself to tap a European heat-pump market expected to exceed €150 billion by 2030. By replacing gas boilers with its heat pumps, households can cut heating costs by up to 40 % and CO₂ emissions by up to 100 % when using green tariffs.

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 · Series C · Jun 2022

Mentimeter is an audience engagement platform (AEP) that turns passive audiences into active contributors through polls, comments, reactions and tools for the prepare, engage and follow-up stages of presentations and meetings. The product supports in-person, remote and hybrid settings and is used to boost inclusivity, productivity and decision-making. The company reports more than 280 million people have used the platform and cites 178% sales growth over the past two years alongside a more than 400% increase in enterprise customers. Mentimeter emphasizes anonymous engagement as a core value proposition, noting 71% of meeting participants want anonymous ways to engage. The company plans to invest the new funding into product development, enterprise sales and marketing and to expand into new geographic markets, including the United States.

Participated · Equity · Apr 2022

Instabox builds technology-enabled parcel delivery services focused on fast, more sustainable, and efficient e-commerce shipping using locker and home delivery options. The company is internationally expanding and emphasizes flexibility and availability for customers through its combined locker and home-delivery model. Instabox delivers more than 3 million packages per month across Sweden, Norway, Denmark, the Netherlands and recently launched in Germany. Over the past year it has acquired market leaders in same-day deliveries in Norway and the Netherlands, supporting its expansion. Instabox was recently ranked the third fastest-growing tech company in Europe by the Financial Times, and the company cites high growth and strong customer influx in Sweden and internationally. Ownership includes founders and staff alongside investors such as Creades, EQT Ventures, Tham Special Investment, and Verdane. Instabox operates an automated parcel locker network that provides lightning-quick, fossil fuel-free last-mile delivery. The company plans to use the new capital to invest in sustainable solutions, refine its technology stack, and accelerate European expansion. Instabox recently acquired Norwegian logistics firm Porterbuddy, with Porterbuddy’s majority shareholders Verdane and Canica reinvesting their proceeds and becoming significant shareholders. The business has signaled continued geographic growth after a Dutch market entry and a $90 million Series B last year. Instabox now holds a unicorn valuation and reports having raised approximately $327 million to date, including the latest round. Instabox operates a smart locker network and technology platform that enables e-commerce deliveries with a maximum of six hours between merchant and consumer. Its platform provides real-time, end-to-end tracking of all deliveries, allowing optimization at each step. The service has been used by millions of Swedes and the company operates more than 1,000 automated parcel machines across Sweden, Denmark and Norway. Merchant customers include H&M, Ikea, Apotea and Boozt. Instabox plans to use new funding to further invest in technology to enhance the value chain for customers and merchants and to expand outside Sweden. The company was founded in 2015 by Alexis Priftis, Staffan Gabrielsson and Johan Lundin. Instabox operates a network of last‑mile smart delivery lockers offering same‑day delivery for e‑commerce retailers. The service reaches about six million Swedes and delivers for merchants including H&M, Ikea, and Lloyds. The company says its growth has more than tripled each year over the last few years. Financially, Instabox’s valuation was boosted to €100 million after the latest financing. Management plans to use the new funds to expand the locker footprint dramatically and to enter additional markets outside Sweden. Co‑founder and CEO Alexis Priftis outlined a target increase in parcel lockers from roughly 400 to between 2,000–3,000.