Participated · Series A · Apr 2020

Mindler operates an online psychology platform providing digital access to mental health care. The company has been expanding in the UK, where revenues grew by over 60% last year and where Mindler has focused on children and youth. Mindler reported SEK 267 million in revenue last year and halved its loss to SEK 50 million. The company plans both organic growth and continued consolidation through acquisitions. Mindler is acquiring UK competitor Ieso and will merge the two platforms under the Mindler brand. Management says the deal and additional funding will support both short- and long-term growth plans. Mindler operates a smartphone app that enables patients to consult with a psychologist within 24 hours. The platform currently employs over 200 accredited psychologists who meet with patients remotely. Though the company is active in just two countries, its clinicians cover 20 languages. Mindler was founded in 2018 and is based in Stockholm, operating in Sweden and the Netherlands. The startup recently raised an €8 million Series A to fund expansion. Management says the funding will be used to introduce the app in new parts of Europe to increase access to psychological care outside metropolitan areas.

Led · Equity · Apr 2017

Epidemic Sound operates a marketplace where musicians upload tracks and creators/licensors search and license music by genre, mood, tempo and other filters. The platform hosts roughly 32,000 music tracks and 60,000 sound effects and uses data to build a "music graph" that helps match music to media and commission new tracks. It offers subscription plans (personal $15/month, commercial $49/month) and per-use pricing, and the company controls 100% of the rights in its library. Epidemic partners with platforms such as Adobe, Canva, Getty and Lightricks to distribute its catalogue and embed music into creator workflows. Operating metrics cited include more than 1 billion hours of Epidemic tracks played per month on YouTube and about 1.5 billion YouTube plays daily; over 5 million people use the platform. The company had tipped into profitability previously but is currently back in the red while prioritizing growth and international expansion. Epidemic Sound provides a curated search-and-licensing platform that lets video producers find, listen to, and download soundtrack music filtered by genre, mood, energy and BPM. The company intentionally curates its catalog (artists number in the thousands) rather than operating an open marketplace. Musicians receive an upfront payment for tracks Epidemic buys and then split streaming revenues 50/50 with the company when songs appear on platforms like Spotify and Apple. Epidemic says it has millions of creators using the service, its music is played about 250 million hours per month on YouTube, and revenues have been growing 100% year-over-year. The startup faces competition from other soundtrack providers and large platforms, but emphasizes being platform-agnostic and curated. Management plans to use new funding to expand into Asia, specifically by setting up operations in South Korea. Epidemic Sound operates a recurring-subscription music-licensing platform supplying music to Hollywood studios, traditional video production companies, and a large proportion of online videos. The company reports a global customer base and a healthy seven-figure revenue. It employs 80 people across offices in Stockholm, Amsterdam, Madrid, Hamburg, and New York. The business has grown rapidly over the past two years and currently powers a large proportion of the mobile and online media industry. The recent strategic investment is intended to inform and support the company's growth. The deal values the company at $45 million. Epidemic Sound builds and licenses a library of production music that it wholly owns, enabling simplified, non‑exclusive licensing for broadcasters and online video producers. The company purchases tracks outright (paying composers an average of $500 per track) and offers stems so customers can edit files further. Its catalogue exceeds 30,000 tracks created by more than 200 composers selected from roughly 5,000 applicants. Customers include thousands of broadcasters and MCNs across Northern Europe and partnerships with U.S. and German MCNs; broadcasters pay monthly subscriptions ranging from thousands to hundreds of thousands of dollars for unlimited use. Individual creators can license music via the Epidemic Sound Track Shop at $1.50 per second. The company plans to use new funding to commission more music and to staff recently opened operations in Holland, Germany, the U.K. and the U.S.

Participated · Equity · Apr 2017

Barnebys operates an international online service aggregating listings for design and vintage items as well as art, antiques and collectibles. Launched in 2011 by Christopher Barnekow and based in Stockholm, it provides access to about 2,000 auction houses and dealers and shows roughly 700,000 lots daily. The company also maintains a free online realized-price database documenting final selling prices for 32 million items, serving both buyers and sellers. On 19 April 2017 Barnebys closed a $3.3M financing round. The company intends to use the funds to expand operations in the U.S. The article does not disclose revenue figures or instrument details beyond the financing amount. Barnebys operates an online search and valuation service for fine artworks, antiques and collectibles. The platform aggregates over a half million items for sale from about 1,000 auction houses worldwide. Founded in 2011 by Christopher Barnekow and Pontus Silfverstolpe and based in Stockholm, the company has recently been adding auction houses at pace—about two per day this autumn—with the largest increase in the U.S. market. U.S. clients include Sotheby’s, Paddle 8, Phillips, Crescent City Auction Gallery, Neal Auction Gallery and Heritage Auctions. The company plans to use the new funding to continue growing in the U.S. Barnebys operates a comprehensive search engine for art and antiques auction houses in Scandinavia, listing some 40 active firms. Founded in Stockholm in 2011, the company attracts about 35,000 unique visitors weekly and is run by a team of roughly 10 people. Its platform aggregates auction listings to help users find items and auction houses across the region. The company planned to use new funding to support international expansion, with a particular focus on the UK. Ownership includes the founders, several business angels and the incubator Swing alongside the new institutional investor. The recent minority investment is intended to accelerate growth and market expansion efforts.