Participated · Equity · Jun 2024

Tings provides a consumer app that collects and catalogues receipts and product information, using AI to build a digital repository of users' possessions. The service gives users direct access to spare parts, repair services and channels for second-hand sales. Tings is free to use and currently has over 17,000 unique users and 10 employees based in Oslo. The company already collaborates with brands and retailers including Fjällräven, IKEA, Eplehuset and Anton Sport. Management says the funding will be used to further develop existing services and the customer offering. Tings positions itself as an enabler of circular commerce amid incoming EU regulations that will push brands and stores toward repairs and second‑hand sales.

Led · Equity · Mar 2024

Ingrid provides an end-to-end delivery management platform integrated into retailers’ checkout flows via API to give earlier, more accurate shipping pricing, carrier choice and post-sale tracking. The company also integrated returns capabilities after acquiring returns specialist Turnr. It serves roughly 250 customers across 180 countries and has processed about 130 million orders to date (around 40 million annually). Ingrid says it has strong penetration in Sweden, claiming roughly a 20% share of the consumer market and that more than 15% of online shoppers use its services in some way. The startup aims to use data science and platform scale to optimize delivery choices, reduce costs and expand into more European markets. Ingrid positions itself as an alternative to free-shipping economics, promoting coordinated delivery and other margin-preserving approaches. Ingrid is a Stockholm-based SaaS delivery platform that connects retailers, carriers and consumers to create delivery experiences and let shoppers personalize delivery and returns. The company’s product suite focuses on delivery experience and last-mile solutions aimed at enabling sustainable growth for e-commerce retailers. Ingrid has been adopted by over 150 retailers, including Adlibris, NA-KD and Apotek Hjärtat, and has processed more than 90M orders on its platform. The company plans to continue developing its market-leading delivery experience products and expand sales into new markets. Leadership says the product roadmap and market expansion are intended to help retailers make a profit on costly last-mile deliveries. The recent funding will be used to support product development and international growth. Ingrid is a delivery experience platform that aggregates possible delivery options and presents them to buyers during checkout. It provides merchants with transparency and control over shipments. The company says it handles 10 percent of the e-commerce market in Sweden. It recently raised 12.25 million SEK (about €1.16M) from local early-stage VC Blq invest. Ingrid plans to use the new capital to expand into new markets. The startup is led by founder and CEO Piotr Zaleski, who said the company aims to do for deliveries what Klarna has done for payments.

Led · Seed · Sep 2022

Nomono makes high-end audio hardware and software for podcasters and broadcasters, centered on its Sound Capsule microphone array. The Sound Capsule is a four-pound package with four lavalier mics that capture spatial audio in a 360-degree formation. The hardware is in early stages with preorders opening in the fall, while the companion app — which backs up files and enhances voice quality — is currently in public beta. The product is priced at $3,000, which the article describes as likely cost prohibitive for many customers but targeted at the growing podcast market. Nomono positions the system as a way to replace complex studio setups and simplify workflows, according to co-founder and CEO Jonas Rinde. The company has secured outside funding, including a newly announced seed round at a reported valuation of $25 million. Nomono develops hardware and software to make it easier for professional podcasters, journalists and audio storytellers to create immersive spatial-audio experiences, leveraging technologies such as Dolby Atmos and Fraunhofer’s MPEG‑H. The company was spun out from SINTEF Digital in 2019 and is led by CEO Jonas Rinde. Nomono has employees based in Trondheim, Oslo, Sweden and New York. The startup intends to use the new seed funding to accelerate research, development and growth. Its product focus combines both hardware and software to target professional audio creators and immersive storytelling workflows.

Participated · Series C · Mar 2022

Tibber is a smart digital energy provider and platform that replaces traditional utilities with a mobile app offering real-time analytics to help consumers lower energy bills. The app pairs with smart home hardware and connects independent sustainable energy sources such as solar PV, EV chargers, batteries, and heat pumps to optimize consumption and provide grid load balancing. Founded in 2016, Tibber had reached over 400,000 household customers across Norway, Sweden, and Germany at the beginning of the year. The company’s vision is to make sustainable energy consumption simple and affordable and its mission is to reduce residential energy consumption for European households by 20%. Tibber completed a $100M Series C in March 2022 and recently saw Altor acquire a minority stake via secondary purchases from existing shareholders. Altor’s investment is intended to support Tibber’s expansion within Europe and its goal to become a leading home energy platform. Tibber is a Norway-based smart energy provider offering a real-time energy consumption analytics app and integrations with smart home devices. Its products include smart analysis for households, smart charging for electric cars, and smart heating for connected thermostats. The company plans to use the new funding to significantly bolster its product lineup and launch new products aimed at reducing consumption and increasing home independence from the grid. Tibber has gained traction in Norway, Sweden, and Germany and is targeting The Netherlands as its next market. Since launching in 2016, subscriber numbers nearly quadrupled in 2021 from approximately 120,000 to over 400,000. Financially, Tibber closed a $100 million Series C and has raised $181.5 million to date in a mix of equity and debt. Tibber offers a digital utility service that supplies green energy and an app providing real-time analytics to help households reduce electricity use. Its app pairs with smart-home devices to automate consumption reductions, letting users adjust thermostats and light brightness. The company also offers solutions for electric vehicles. Tibber says it is committed to “not profiting off energy consumption.” Since launch it has signed up over 100,000 paying households across Norway, Sweden and Germany. Its next target market is the Netherlands in 2021. Tibber offers an app and AI bots that automatically buy electricity at the lowest wholesale prices and integrates with IoT devices so users can shift consumption to cheaper hours. The product includes smart-home integrations for electric-car charging, thermostats and smart plugs; Tibber launched a smart charging feature for Tesla and other EVs that it says cuts charging costs by about 20%. The company claims users save an average of 20% on electricity bills through its combination of wholesale prices and device control. Tibber currently powers about 40,000 homes, roughly 25% of which are smart homes connected to Tibber-controlled devices. The team of 21 people operates in Sweden and Norway and the company says it plans to further expand in the Nordics, develop its product and launch in new European markets, including Germany.

Led · Equity · Dec 2021

Campanyon operates a platform where campers and hosts can list and book a range of outdoor stays—camping, glamping, hammocks, cabins and tents—and interact before trips to build a community vibe. The service emphasizes sustainable tourism and protecting the natural environment while enabling travellers to share and receive local insider tips. The platform is designed to foster meaningful connections between like-minded adventurers and hosts, enhancing the travel experience. Founded only last year, the young company aims to continue offering local and sustainable tourism opportunities and grow the Campanyon community. Financially, Campanyon has just closed a €1.5 million financing round, marking a new phase of funding one year after its first round.