Participated · Equity · Aug 2026

Quartr positions itself as the leading first-party data layer for institutional finance and AI, specializing in structured, real-time coverage of public company events. Its products include Quartr Pro, an AI research platform used by hedge funds, asset managers, equity researchers, and IR professionals, and Quartr API, which serves as a data backbone for builders. The company serves more than 800 financial institutions and technology companies worldwide. Quartr reported triple-digit growth and strong unit economics, including Net Revenue Retention around 120%. With the new capital, Quartr plans to accelerate product development and expand its coverage further. The company highlighted Altos Ventures becoming its largest shareholder following the round.

Participated · Debt Financing · May 2026

Nscale builds and operates vertically integrated AI data centers, controlling everything from renewable energy sourcing and facility construction to the compute stack and orchestration layer. Backed by Nvidia, the company is developing ‘Stargate Norway,’ an installation targeting 100,000 Nvidia GPUs by the end of 2026 with OpenAI as an initial customer. In October it also partnered with Microsoft and Dell to deploy roughly 200,000 Nvidia GPUs across four data centers in Europe and the U.S. The firm positions itself as a low-cost, green alternative for AI compute, pledging to reuse waste heat and invest in local skills and infrastructure. Its latest funding round values the company at $14.6 billion, placing it among Europe’s few AI decacorns. Nscale plans to use the new capital to accelerate build-outs in Europe, North America and Asia while expanding its engineering and operations teams. The company has hinted at a possible IPO as early as this year to further bolster its capital base. High-profile board appointments—including Sheryl Sandberg, Susan Decker and Nick Clegg—underscore its growing prominence.

Led · Debt Financing · Feb 2026

Alight develops, finances, builds and operates solar facilities that are located on or near industrial customers’ sites so the power is consumed on-site, lowering energy costs and emissions while increasing energy security. The company focuses on behind-the-meter (BtM) projects under long-term power-purchase agreements and has already signed more than 60 PPAs across Europe with clients such as Lear, Kingspan and Toyota Material Handling. In the United Kingdom alone, Alight is assembling a BtM portfolio exceeding 50 MWp, with all projects scheduled to come online by 2027. By producing electricity where it is used, Alight’s model also eases grid congestion and provides predictable electricity pricing for its customers. SEB has been a recurring financing partner, previously extending green loans for Alight’s parks in Sweden and Finland and funding the acquisition of the Lidsø park in Denmark. The new financing round strengthens Alight’s balance sheet and accelerates its rollout of customer-sited solar across Europe.

Participated · Debt Financing · Aug 2025

Sunly develops, owns, and operates renewable energy assets, focusing on solar PV and wind installations in the Baltic states and Poland. The company currently has 49 MW of solar PV in operation and a further 173 MW under construction. Its forward pipeline totals 17.9 GW of planned solar and wind capacity, underpinning an ambitious two-year investment plan. To execute on this pipeline, Sunly intends to grow its workforce from 135 to about 400 employees. The firm’s business model centers on greenfield development and ownership of renewable generation assets, positioning it as a key regional player in the energy transition. Recent funding has strengthened its balance sheet and brought in a new majority shareholder, giving Sunly the resources to accelerate build-out while maintaining stringent sustainability standards.

Participated · Equity · Mar 2023

Hedvig is a Swedish insurance company launched in Sweden in 2018 that offers home, accident, travel and car insurance with fast in-app claims handling and a focus on customer service. The company reports 130,000 members and a total gross written premium (GWP) volume of SEK 200 million. Hedvig says it has captured 10% of new-home-insurance signups in Sweden and has grown via a partnership-driven distribution model. Management positions the business to leave the startup phase and execute a fully capitalized plan to accelerate growth and reach profitability. The company emphasizes continued expansion of strategic partnerships—banks and other partners are cited as core future distribution channels, exemplified by the new SEB partnership. Hedvig is a neo-insurer that sells property, travel, contents and accident insurance tailored to younger adults, including a distinctive "clumsiness" policy and a model that donates leftover claims-pool funds to charity. The company takes a 25% cut of premiums while the remainder funds a common claims pool; any surplus at year-end is donated. Hedvig operates in Sweden, Norway and Denmark and in March secured an EU-wide insurance carrier license to support geographic and product expansion. The startup has about 70,000 customers, most under age 30, and says roughly 40% of month-on-month growth is organic via word-of-mouth. Hedvig plans to use new funding to launch in a fourth country outside Scandinavia and to continue growing its team and product set. Founders Lucas Carlsén (CEO), Fredrik Fors and John Ardelius built the business around faster digital claims handling and a mobile-first experience aimed at millennial lifestyles. Hedvig offers a combined home and travel insurance product launched in May 2018 and underwritten by HDI Global SE. Its coverage targets apartments, condominiums and villas for owners, renters and subletters, and the company emphasizes fast, app-based claim filing with immediate compensation for simple claims. Hedvig operates a business model that takes a fixed fee of 20% of monthly premiums while earmarking the remainder to pay claims, which the company says removes the incentive to withhold compensation. It runs a referral program called Hedvig Forever and has partnerships with SOS Children’s Villages and the Children’s Cancer Foundation in Sweden. The startup reports customer growth from 15,000 last year to 37,000 today, mainly organic. Hedvig plans to use new funding to transition to become a regulated insurance company in Europe. Hedvig offers digital, full-stack property insurance in Sweden that uses AI and algorithms to assess customers, price premiums and automate claims processing. It currently serves about 15,000 customers for rented and owned apartment coverage and also covers contents such as gadgets and travel. Hedvig takes a cut of monthly premiums to generate revenue (the company has not specified the amount). Its product includes a social-good element: annual surplus is donated to charities selected by customers rather than retained. The company plans to expand coverages to houses and additional insurance categories and to enter markets beyond Sweden. The recent funding and investor support are intended to fuel growth in Sweden and to underwrite international expansion and category expansion. Hedvig provides home insurance through a digital, user-focused product launched in May this year. The company is Stockholm-based, was established in 2016, and says incumbents create complexity that reduces insurance usage. Policies are underwritten by Inter Hannover; Hedvig retains a 20% fee and pledges to return any unclaimed money to charity. Hedvig has raised €2.85M from European investors to accelerate its growth plans. New investors include Cherry Ventures and Khaled Helioui, whom the company says bring experience turning startups into industry leaders. Management frames its mission as making home insurance an "incredible experience that people use."