Spiltan

Investment AB Spiltan, founded in 1986 and based in Stockholm, Sweden, is a venture capital and private equity firm that focuses on providing multi-stage financing to businesses within the country. The firm typically invests between SEK 1 million and SEK 10 million, with a preference for amounts between SEK 2 million and SEK 4 million. Spiltan targets small- and medium-sized companies across various sectors, prioritizing viable investment opportunities with committed management teams that have a strong track record. About 60% of its capital is allocated to private companies, while the remaining 40% is invested in publicly listed firms, often through affiliates. Spiltan seeks to ensure that private portfolio companies present realistic exit opportunities within three to five years, leveraging its extensive network of professionals to support the development of its investments.

Per H. Börjesson

Owner, CEO and Board Member

Kasper Ljungkvist

President and Board Member

Bjorn Persson

Investment Manager

13 past transactions

United Robots

Seed Round in 2021
United Robots AB, founded in 2015 and based in Malmö, Sweden, specializes in creating automated editorial texts by leveraging large datasets, including real estate records, sports results, and business registrations. The company's technology utilizes artificial intelligence and natural language generation to produce readable and publishable news articles. This innovation enables media organizations to efficiently deliver up-to-date information in various sectors, such as sports, real estate, and local business news, enhancing the way news is reported and consumed.

NuvoAir

Series A in 2021
NuvoAir AB develops Air Next home spirometer, a medical device to monitor lung function. It offers its products online. The company was founded in 2015 and is based in Stockholm, Sweden.

Qvalia

Venture Round in 2019
Qvalia AB, founded in 2007 and headquartered in Stockholm, Sweden, offers a cloud-based platform designed to streamline financial processes for businesses. Its software automates various aspects of accounts payable and receivable, transactional accounting, and analytics, enabling organizations to manage their invoicing and payments more efficiently. The platform allows for the digitization and structuring of transactional data, reducing manual work and enhancing visibility into costs. Key features include automated purchase invoice validation, e-invoice management, supplier ledger monitoring, and real-time analytics. Additionally, Qvalia provides financial data-mining and recovery audit services to help organizations analyze transactions and recover lost capital. By facilitating these processes, Qvalia aims to improve operational efficiency and transform the finance functions of its clients.

NuvoAir

Venture Round in 2019
NuvoAir AB develops Air Next home spirometer, a medical device to monitor lung function. It offers its products online. The company was founded in 2015 and is based in Stockholm, Sweden.

Besedo

Venture Round in 2018
Besedo is a global provider of Trust & Safety and Content Moderation services tailored for online marketplaces. Established in 2002, the company focuses on combating fraud by analyzing patterns and trends to stay ahead of scammers. Besedo enhances content quality and relevancy, leading to improved user experiences for its clients. The company offers a blend of automation through its tool Implio and manual moderation services, customized to meet specific client needs. With a workforce of 500 employees, Besedo operates in multiple countries, including Sweden, Malta, Colombia, Malaysia, and Romania. The company's innovative approach combines advanced machine learning and natural language processing techniques, ensuring high-quality content moderation. In 2016, Besedo merged with ioSquare, a French tech company specializing in automating content moderation and complex workflows, further strengthening its capabilities in fraud management and customer care.

Captario

Venture Round in 2018
Captario AB is a software developer based in Gothenburg, Sweden, specializing in solutions for the pharmaceutical industry. Founded in 2012, the company focuses on enhancing drug development projects by providing tools for modeling and simulation. Captario's flagship product, Captario SUM (Strategic Uncertainty Management), allows users to create, compare, and optimize various project pathways by evaluating factors such as value, risk, cost, and timing. The software utilizes artificial intelligence and machine learning to analyze decision options, helping teams identify uncertainties that significantly impact project outcomes. By visualizing potential risks and rewards, Captario enables pharmaceutical companies to make informed decisions that enhance project value while mitigating risks, ultimately fostering more effective and efficient drug development processes.

Forza Football

Secondary Market in 2018
Forza Football is a live score application developed by Football Addicts that serves millions of football fans globally. With three million active monthly users, the app provides real-time updates on football lineups, match results, and video highlights for various leagues and tournaments around the world. In addition to delivering essential information, Forza Football facilitates fan engagement through opinion polls and push notifications, allowing users to track specific teams, leagues, or matches. The platform aims to democratize football by amplifying the voices of fans and fostering a collective expression of their views on the sport.

Careereye

Venture Round in 2017
Careereye is a company active in job search and HR services on the Internet. Their mission is to change how candidates search jobs and how to make the right decisions for their own career. They can, through our network of niche services towards different targets, offer our clients a better way to match – meaning that the companies has a better possibility to find their perfect candidate and work with their Employer Brand to attract the most talented candidates in their specific niche. They are active in six different countries; Sweden, Norway, Denmark, Germany, Austria and USA, with the ambition to continue our growth and expand throughout Europe and America.

Emerse

Series B in 2016
Since the start in 2007, the ad-tech company Emerse has developed a unique technology stack (DSP for programmatic advertising) to help clients not just deliver their digital advertising campaigns using sophisticated algorithms and data, but also make their advertising evolve and learn over time using machine learning. The Emerse technology has been put to use in presidential elections as well as by some of the world’s leading advertisers including in highly competitive verticals such as booking, sports betting and gaming.

Careereye

Venture Round in 2016
Careereye is a company active in job search and HR services on the Internet. Their mission is to change how candidates search jobs and how to make the right decisions for their own career. They can, through our network of niche services towards different targets, offer our clients a better way to match – meaning that the companies has a better possibility to find their perfect candidate and work with their Employer Brand to attract the most talented candidates in their specific niche. They are active in six different countries; Sweden, Norway, Denmark, Germany, Austria and USA, with the ambition to continue our growth and expand throughout Europe and America.

Emerse

Series A in 2014
Since the start in 2007, the ad-tech company Emerse has developed a unique technology stack (DSP for programmatic advertising) to help clients not just deliver their digital advertising campaigns using sophisticated algorithms and data, but also make their advertising evolve and learn over time using machine learning. The Emerse technology has been put to use in presidential elections as well as by some of the world’s leading advertisers including in highly competitive verticals such as booking, sports betting and gaming.

Coolstuff

Series A in 2013
CoolStuff AB is an online retailer based in Malmö, Sweden, specializing in a wide range of innovative gadgets. Founded in 1999, the company caters to customers in the Scandinavian and German markets, offering products that span technology, home and garden, toys, and gifts for various occasions. Its inventory includes gadgets such as speakers, digitization devices, watches, and mobile accessories, as well as games and outdoor toys. CoolStuff is committed to providing quality products, featuring a warranty and free shipping on every item. In addition to its online presence, the company also operates retail stores, enhancing accessibility for its customers.

MWM Group

Venture Round in 2005
MWM Media Workflow Management AB offers consultancy and information technology support services to enable customers to identify and implement improvements for businesses. Its consulting services identify development opportunities in production and distribution systems. The company also offers InfoTrack a suite of software packages consisting of ReelTrack for roll inventory and consumption; CopyTrack for managing the production process from press to mailroom; and InfoSite for viewing production information, both current and present via Web pages. MWM Media Workflow Management AB was founded in 1998 and is based in Stockholm, Sweden.
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