Participated · Equity · Mar 2026

Candela builds electric hydrofoiling vessels, including its flagship P-12 ferry, which the company says consumes up to 80% less energy than conventional ferries and offers faster travel times due to hydrofoiling. The company highlights significantly lower operating costs and reduced maintenance requirements because of fewer moving parts, along with near-silent operation and minimal wake. Candela reported 65 vessels on order from customers across Europe, North America, and other regions, demonstrating growing commercial traction. Following the recent €30 million funding round, the company plans to scale manufacturing capacity, strengthen its supply chain, expand into new international markets, and broaden partnerships with operators and municipalities. Candela is also focused on continued refinement and commercialization of its hydrofoiling technology to accelerate adoption of electric maritime transport.

Led · Equity · Sep 2022

Matsmart-Motatos operates a D2C e-commerce platform that procures and resells overstock food and consumer products that traditional retailers cannot buy, aiming to reduce waste in the food supply chain. The company reports it has recirculated over 60,000 tonnes of food and consumer products since founding. Launched in Sweden in 2014, Matsmart-Motatos now operates in five markets: Sweden, Finland, Denmark, Germany and Austria, and is the leading food overstock retailer in the Nordics and the fastest-growing market participant in Germany. Financially, the company reported €80 million in revenue in 2022 and a current revenue run rate of €100 million, and it says it was the first European grocery e-commerce business to reach profitability in its home market. The business emphasizes environmental impact and affordability, positioning itself as a fast-growth impact company that helps FMCG suppliers offload surplus inventory. Planned use of new capital focuses on accelerating growth in the German and Nordic regions and expanding warehouse automation in Germany based on Nordic automation gains. Motatos operates an ecommerce marketplace that helps FMCG producers offload surplus inventory and sells that surplus food to consumers at steep discounts, reportedly saving customers up to 60% versus other supermarkets on major brands. Launched in Sweden in 2014, the company now operates in Sweden, Germany, the UK, Finland and Denmark and recently expanded into the UK. Motatos positions its service as a way to cut food waste in the value chain while providing sustainable, affordable options for cost-conscious consumers. The business is growing quickly in the Nordics and aims to accelerate expansion in key European markets. Leadership includes founder and CEO Karl Andersson alongside newly appointed Co-CEO Peter Beckius, with Karl focusing on external relations and Peter on developing the business and organization. Financially, the company has raised significant capital to date and is using new funding to scale operations and refine its customer offering across markets. Motatos operates an online marketplace that buys surplus food, grocery and household items that would otherwise be discarded and sells them to consumers at discounted prices. The company sources products affected by overproduction, seasonal trends, packaging errors and short expiry dates, and delivers directly to customers. Since founding, Motatos has saved over 25,000 tonnes of food and consumer products from being wasted. It currently operates in Sweden, Germany, Finland and Denmark and reports strong momentum growing its European customer base. Motatos plans to use the new funding to accelerate international expansion across Europe and to continue building its own By Motatos branded products. Leadership emphasizes the environmental impact goal of reducing food loss and related greenhouse-gas emissions alongside offering affordable pantry basics.

Led · Series A · Aug 2022

Worldfavor offers a cross-industry SaaS platform that enables organizations to share and access supply-chain and ESG data to support reporting and decision-making. Its network is used by over 25,000 organisations across 130+ countries, serving procurement teams, investors/private equity and large corporates. Data on the platform is self-reported by providers rather than actively audited; Worldfavor provides analytics and basic checks and plans to develop more sophisticated tools and automated auditing using machine learning. The company focuses on growing data providers, data accessors and daily data transactions to increase utility and lower reporting fatigue. Management is targeting scale while boosting annual recurring revenue and says ARR is growing at a little over 100% and user base growth is roughly double that. The product roadmap emphasizes deeper analytics, potential automated verification capabilities, and expansion of the platform’s network effects. Worldfavor offers a global platform that lets organizations, suppliers and stakeholders exchange sustainability data and streamline reporting across value chains. The product aims to replace manual spreadsheets and legacy software, saving time and improving efficiency. The company reports that over 30,000 organizations have chosen to exchange sustainability data through its platform. Worldfavor was founded in 2011 and has an international team of sustainability specialists, system architects, UX experts and business leaders. Early support came from government agencies and incubators such as Vinnova, Almi and STING. The company plans to use new funding to expand into new countries, further develop the platform and grow its team.

Participated · Equity · Jan 2020

Sonendo, based in Laguna Hills, California and founded in 2006 by Fjord Ventures, develops innovative technologies for dentists. Its flagship GentleWave® System offers an alternative to traditional root canal treatment and departs from standard file-based cleaning techniques. The company reports that over 300,000 patients have been treated with the GentleWave System. Sonendo is also the parent company of TDO® Software, an endodontic practice management platform that integrates practice management, imaging, social media, referral reporting, CBCT imaging and communication with the GentleWave System. The company is led by President and CEO Bjarne Bergheim and continues to develop and expand its dental technology offerings. Sonendo develops dental technologies focused on improving root canal treatment, with its flagship GentleWave® System offering an alternative to standard file-based methods of tissue removal and disinfection. The GentleWave System is available in the US. The company is led by President and CEO Bjarne Bergheim and is based in Laguna Hills, Calif. Sonendo raised $50M in growth funding to support its commercial trajectory. The company intends to use the proceeds to accelerate ongoing commercialization efforts and to expand and diversify its current product portfolio. No operating metrics were disclosed in the article. Sonendo is a Laguna Hills, California developer of dental technology centered on the GentleWave® System. The company positions the GentleWave System as an alternative to standard root canal treatment and, available in the U.S., shows significant improvements in clinical efficacy and treatment efficiency compared with standard techniques. Led by President and CEO Bjarne Bergheim, Sonendo intends to use new funding to advance commercialization of the GentleWave System. It also plans to develop additional products in adjacent verticals. Sonendo completed a $35M equity financing to support these efforts, and Michael Zhao of DiNovA Capital joined the company’s board in conjunction with the financing. Sonendo, based in Laguna Hills, California, develops technology for the endodontic marketplace, principally the GentleWave System for root canal therapy. The GentleWave System is 510(k) FDA cleared, debuted at the American Association of Endodontists annual meeting in May, and is currently in limited market release. Led by President and CEO Bjarne Bergheim, the company is launching the system and aims to change the standard of care for root canal procedures. Sonendo completed a $35m equity financing to support further technology development, fund clinical studies, and commercialize the GentleWave System. The company previously closed a $10m debt financing with Oxford Finance in April 2014 and raised $18m in venture capital in June 2013. Paul Madera of Meritech Capital Partners joined Sonendo’s board in conjunction with the round. Sonendo develops technology for the endodontic marketplace, focusing on systems to transform traditional endodontic therapy. Its core product is the Multisonic Ultracleaning System, which is set to launch in 2014. The company closed a $10M venture debt facility intended to commercialize that system. Sonendo is led by President and CEO Bjarne Bergheim. Investors in the company include OrbiMed Advisors LLC, Themes Investment Partners, Fjord Ventures, NeoMed Management and Oxford Finance LLC. The company is based in Laguna Hills, California.

Led · Series C · Aug 2018

Planday provides a cloud-based rota scheduling and collaboration platform designed for shift workers and their managers. The software enables real-time, contextual communication, allows employees to swap shifts and clock in/out, and gives managers ‘smart’ schedule templates, revenue-vs-wage measurement, and hours tracking. It integrates with third-party payroll and EPOS systems including Intuit, Sage, Lightspeed and iZettle. Founded in 2013, the company says its customer base spans 39 countries and reports 250% annual growth in the U.K., though it does not disclose absolute customer numbers. Planday plans to use new funding to further develop its product, expand into new markets across Europe and North America, establish a U.K.-based technology development hub, and grow sales and customer support teams in London. Chief Commercial Officer John Coldicutt said the company’s mission is to deliver fully integrated solutions that provide a seamless experience for customers. Planday offers a cloud-based workforce management and shift-planning solution used by shift-based businesses such as restaurants, hotels, stores, call centers and gyms. Employees use the Planday app to communicate with workplaces and colleagues, receive messages and notifications, swap shifts, bid on open shifts, and view expected and actual monthly salary. Employers use Planday to create and maintain optimal schedules while accounting for staffing needs, budgets, employee availability and workforce regulations. The company plans to use new capital to scale in the Nordics, U.K., Germany and U.S., and to partner and integrate more tightly with payroll providers, hiring services and EPOS technologies. Planday reports 100% year-on-year growth, approximately 100,000 end users in 24 countries, roughly 2,000 company customers, a team of more than 80 people and five international offices. Planday offers a cloud-based shift planning and workforce management platform for businesses that rely on flexible staff, including restaurants, hotels, retail, call centers and gyms. The software automates scheduling, staffing requirements, work-hour regulations and labor cost tracking, and integrates communication via web and mobile apps. Employees can self-manage shift trading while managers gain oversight of schedules, swap requests, payslips and colleagues. The platform also moves related HR, communication and payroll tasks online to save managers time and money. Planday says it is already profitable and is positioning to scale beyond Denmark, targeting the U.K. first and the U.S. next year.