Spintop Ventures

Spintop Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2009 by a group of experienced tech entrepreneurs and investors. The firm specializes in early-stage investments, focusing primarily on technology startups in sectors such as software, e-commerce, and software-as-a-service. With a strong network of successful entrepreneurs and institutional investors, Spintop Ventures has made over 35 investments in growing startups, successfully exiting from four of these ventures. The firm's investment strategy emphasizes the Scandinavian region, aiming to support innovative companies during their critical growth phases.

Niemi, Sami

Partner

Isabel Nilson

Investment Manager

Finn Persson

Partner and Co-Founder

Past deals in Scandinavia

Worldfavor

Series A in 2022
Worldfavor brings sustainability and compliance information based on established frameworks to one global platform. It connects businesses around the world to share sustainability information with each other through one platform, where they can also manage and excel in their own performance in a secure, collaborative space. It helps businesses avoid manual spreadsheets and stiff, expensive software. The SaaS covers all sustainability/compliance needs under one roof: manage sustainability, visualize sustainability, and data collection and assessment of any type of partners in the value chain, such as suppliers or portfolio companies. Worldfavor's vision is to be a global de-facto information platform for sustainable decisions, serving any actor with sustainability/compliance data (business data 2.0) on any organization from one shared platform where they also manage it.

Acamp

Seed Round in 2022
Acamp captures the camper community's pent-up demand by digitising existing campgrounds in addition to creating new by letting local landowners and small businesses rent out unused land to anyone searching for a place to camp.

Univid

Seed Round in 2022
Univid is an online event management platform that simplifies the organization of virtual events, meetings, and webinars. It enables users to create engaging webinars in less than 60 seconds, offering features that enhance participant interaction without the complexity of traditional event systems. The platform allows hosts to easily launch polls, Q&A sessions, and live reactions while providing customizable branding options for session pages and communications. Univid's design is user-friendly, requiring no advanced technical skills, making it accessible for companies of all sizes, from startups to Fortune 500 firms. The platform focuses on delivering authentic networking experiences and meaningful engagement, with integrated tools that provide valuable insights and analytics. Additionally, it offers native integration with customer relationship management systems, such as Hubspot, ensuring seamless operations for users looking to enhance their virtual event experiences.

Nomono

Seed Round in 2021
Nomono simplifies recording, production, and collaboration for podcasters and broadcast journalists. We’re building hardware and software that is simple to use and delivers excellent recordings from the field. It eliminates tedious tasks and technical hurdles so you can focus on your story and the people telling it. In the process, we’re transforming the listening experience by enabling anyone to record object-based spatial audio in the field that is compatible with formats from binaural all the way to Dolby Atmos. Nomono was founded in 2019 by SINTEF Venture V AS, CTO Audun Solvang, CEO Jonas Rinde, and our Head-of-Software, Sigurd Saue as a spinout from SINTEF Digital. The company has received funding through seed investors including SINTEF Venture 5 AS, Skyfall Ventures, Spintop Ventures, Investinor, and research support grants from the Research Council of Norway, and Innovation Norway.

Cambri

Series A in 2021
Cambri is a concept testing software designed to assist global brands in speeding up their innovation processes. The platform offers automated tools for effective concept creation and testing of products and services. Its features include product and service concept testing, idea screening, price optimization, packaging design, and brand and advertising analysis. By providing consumer insights, value propositions, and marketing communication support, Cambri enables innovators and startups to evaluate their ideas and make informed decisions, ultimately enhancing their product development strategies.

Crosser

Venture Round in 2021
Crosser designs and develops streaming analytics and integration software for any edge, fog, or cloud. The Crosser platform enables real-time processing of streaming or batch data for industrial IoT, data transformation, analytics, automation, and integration.

IPRally

Seed Round in 2021
With a team of five experienced patent, software and AI experts, IPRally is serving the patent business by providing the first AI that thinks like a patent professional. We use historical patent examination data lying in databases to train a neural network the logic of patenting. The AI can be used for superfast and accurate patentability evaluations, invalidation searches and freedom-to-operate analyses.

PinMeTo

Funding Round in 2020
PinMeTo’s online service makes sure chains and franchises businesses can be found on multiple search- maps- and social media platforms including Apple, Facebook, Google, Instagram, Twitter, Foursquare and thousands of other apps and services. Manually keeping business information updated on multiple platforms is expensive and very complex - PinMeTo makes it simple Once the correct business information is imported into PinMeTo’s software it will automatically be published to all supported platforms. Excel sheets and other out-dated methods will never be used to handle business information online ever again

Adnavem

Venture Round in 2020
Adnavem is a logistics technology company connecting cargo owners and logistics suppliers through a proprietary tech platform, helping clients create bespoke logistics solutions. Adnavem facilitates international trade and offers both transport customers and suppliers the benefit of direct engagement, increased control as well as transparent market pricing and service performance. The company was founded in 2017 and based in Göteborg , Frankfurt, Singapore and Shanghai.

Practio

Venture Round in 2020
Practio build digital health solutions that give consumers better access to quality healthcare services.

Dazzle Rocks

Series A in 2020
Dazzle Rocks is a mobile games development studio based in Helsinki. Founded by industry veterans, the team’s games connect global players through immersive social experiences and empower players to create and expand communities together (sandbox) in an evolving massive multiplayer online world (Social MMO). The game has been designed and built specifically to appeal to both East Asian and Western markets and also incorporates UI/UX elements that are female-friendly. The company’s massively scalable proprietary engine is easily adaptable to future games and supports virtual world building, virtual economy, spatially aware three-dimensional worlds and real-time, social communication and interaction during game play. The company’s first game is in beta testing and will be launched in the second half of 2020.

Worldfavor

Seed Round in 2019
Worldfavor brings sustainability and compliance information based on established frameworks to one global platform. It connects businesses around the world to share sustainability information with each other through one platform, where they can also manage and excel in their own performance in a secure, collaborative space. It helps businesses avoid manual spreadsheets and stiff, expensive software. The SaaS covers all sustainability/compliance needs under one roof: manage sustainability, visualize sustainability, and data collection and assessment of any type of partners in the value chain, such as suppliers or portfolio companies. Worldfavor's vision is to be a global de-facto information platform for sustainable decisions, serving any actor with sustainability/compliance data (business data 2.0) on any organization from one shared platform where they also manage it.

Once Upon Publishing

Series A in 2019
Once Upon allows anyone to easily create professionally designed high-quality photo books. The app is being developed at a breakneck pace by the product's creative and design-focused team, with the goal of conquering the photobook market and becoming the obvious platform for memories.

Racefox

Venture Round in 2019
Racefox is a real-time digital coach for running and XC-skiing. By combining research at the frontline from biomechanics and sports science with data science and artificial intelligence, Racefox provides individualized coaching. Racefox delivers very significant performance improvements while detecting and addressing potential injuries before they happen. Racefox improves the performance of world class athletes as well as casual runners and skiers who practice to stay in shape and be healthy.

Crosser

Series A in 2019
Crosser designs and develops streaming analytics and integration software for any edge, fog, or cloud. The Crosser platform enables real-time processing of streaming or batch data for industrial IoT, data transformation, analytics, automation, and integration.

Donkey Republic

Venture Round in 2019
Donkey Republic enables cities to create a better quality of life, getting people on two wheels. We provide a flexible, reliable and open bike sharing platform that adjusts to the needs of the city, and integrates to rest of the public transport. We provide bike- and ebike sharing service using virtual or physical docking stations, for both short- and long term rentals.

LeaseCloud

Seed Round in 2018
LeaseCloud offers a completely digital customer journey for e-commerce and retail in its digital platform. It enables leasing as a payment method for B2B e-commerce by standardizing the workflow for leasing agreements. E-retailers get access to several leasing companies within one workflow facilitated through digital signing. LeaseCloud also takes care of the end of lease management. The end customers get better prices, greater freedom of choice, and the opportunity to shop on leasing directly in a webshop. LeaseCloud was founded in 2016 and is based in Stockholm, Sweden.

Apprl

Venture Round in 2018
APPRL is a SaaS solution for performance-based influencer marketing, made for e-commerce companies. HQ in Stockholm and offices in London and São Paulo on a mission to create the world's leading solution for e-com brands & content creators to work together in the most frictionless way possible through AI, scalable technology and user-centric design. Active in Europe, US and Asia.

PinMeTo

Series A in 2018
PinMeTo’s online service makes sure chains and franchises businesses can be found on multiple search- maps- and social media platforms including Apple, Facebook, Google, Instagram, Twitter, Foursquare and thousands of other apps and services. Manually keeping business information updated on multiple platforms is expensive and very complex - PinMeTo makes it simple Once the correct business information is imported into PinMeTo’s software it will automatically be published to all supported platforms. Excel sheets and other out-dated methods will never be used to handle business information online ever again

Oneflow

Venture Round in 2018
Oneflow is a company that specializes in AI-powered contract management software, designed to streamline the entire contract process from initiation to completion. The platform allows users to create, send, track, and electronically sign contracts online, facilitating a more efficient workflow compared to traditional e-signature solutions that focus solely on the signing phase. By automating various stages of contract management, Oneflow aims to simplify business operations for teams across different sectors. The company operates on a Software as a Service (SaaS) model, offering long-term subscriptions tailored to meet diverse customer needs and preferences.

Small Giant

Venture Round in 2018
Small Giant Games Oy, founded in 2013 and headquartered in Helsinki, Finland, specializes in developing mobile games, particularly in the role-playing genre. The company is known for its flagship game, Empires & Puzzles, which is designed for iOS and Android devices. Small Giant Games emphasizes the capabilities of small, skilled teams in game development, leveraging extensive experience in software engineering and graphic design. The games feature engaging characters, animations, and user-friendly one-touch controls, allowing for an enjoyable multiplayer experience. As of early 2019, Small Giant Games operates as a subsidiary of Zynga Inc.

Crosser

Seed Round in 2017
Crosser designs and develops streaming analytics and integration software for any edge, fog, or cloud. The Crosser platform enables real-time processing of streaming or batch data for industrial IoT, data transformation, analytics, automation, and integration.

Pacemaker

Seed Round in 2017
Powered by its AI DJ technology Pacemaker provides a simple DJ mix creation and social consumption experience. And with its proprietary metadata file format the Recipe, they make DJ mixes an integrated part of revenue generating music services.

Flashnode

Seed Round in 2017
Flashnode Oy specializes in providing integration services that connect various business applications, both cloud-based and on-premise. The company's flagship product, Flashnode, facilitates communication between clients' software systems, enabling seamless data synchronization. It is particularly valuable for e-commerce businesses, allowing them to automate data flows between their web shops and other business applications. Additionally, sales organizations benefit by linking their CRM systems to other tools, enhancing access to customer data, while accountants can integrate their accounting software with clients' business applications. Flashnode serves a diverse range of sectors, including SaaS providers, CRM and ERP systems, payment processing, and logistics. Founded in 2014 and based in Jyväskylä, Finland, Flashnode aims to automate and optimize business operations for its users.

Freska

Venture Round in 2017
Freska is an innovative online home services company based in Finland, focused on transforming the traditional home cleaning industry in the Nordics. The company offers on-demand cleaning services through a user-friendly online platform and mobile app, allowing customers to select their preferred cleaning times and manage subscriptions easily. Freska emphasizes quality and reliability, ensuring that all its cleaners are skilled professionals who undergo a rigorous recruitment and onboarding process. By providing stable employment and fostering a supportive community, Freska not only meets the demands of its customers but also creates meaningful job opportunities in the cleaning sector.

Small Giant

Series A in 2017
Small Giant Games Oy, founded in 2013 and headquartered in Helsinki, Finland, specializes in developing mobile games, particularly in the role-playing genre. The company is known for its flagship game, Empires & Puzzles, which is designed for iOS and Android devices. Small Giant Games emphasizes the capabilities of small, skilled teams in game development, leveraging extensive experience in software engineering and graphic design. The games feature engaging characters, animations, and user-friendly one-touch controls, allowing for an enjoyable multiplayer experience. As of early 2019, Small Giant Games operates as a subsidiary of Zynga Inc.

Pacemaker

Seed Round in 2016
Powered by its AI DJ technology Pacemaker provides a simple DJ mix creation and social consumption experience. And with its proprietary metadata file format the Recipe, they make DJ mixes an integrated part of revenue generating music services.

Reclaimit

Venture Round in 2016
Reclaimit AB, founded in 1999 in Piteå, Sweden, specializes in return administration system solutions for retail, e-commerce, and omnichannel businesses. The company offers a comprehensive customer return-management service that automates the entire return process for e-commerce companies and physical stores. Additionally, Reclaimit provides a web-based IT system designed to manage service and repair requests, particularly in the home electronics sector within the Nordic region. This system connects various stakeholders, including sellers, service shops, producers, insurance companies, and consumers. Furthermore, Reclaimit's RMA system addresses crediting and return issues for low-cost products in the home electronics and white goods industries. The company, previously known as ETTnoll Design AB, is committed to enhancing customer satisfaction through efficient and cost-effective processes in aftersales services.

PeN Chat

Seed Round in 2016
An Instant Social Messaging App - Search Google Play, type Pen Chat Calls for Free

Apprl

Seed Round in 2016
APPRL is a SaaS solution for performance-based influencer marketing, made for e-commerce companies. HQ in Stockholm and offices in London and São Paulo on a mission to create the world's leading solution for e-com brands & content creators to work together in the most frictionless way possible through AI, scalable technology and user-centric design. Active in Europe, US and Asia.

Flashnode

Seed Round in 2015
Flashnode Oy specializes in providing integration services that connect various business applications, both cloud-based and on-premise. The company's flagship product, Flashnode, facilitates communication between clients' software systems, enabling seamless data synchronization. It is particularly valuable for e-commerce businesses, allowing them to automate data flows between their web shops and other business applications. Additionally, sales organizations benefit by linking their CRM systems to other tools, enhancing access to customer data, while accountants can integrate their accounting software with clients' business applications. Flashnode serves a diverse range of sectors, including SaaS providers, CRM and ERP systems, payment processing, and logistics. Founded in 2014 and based in Jyväskylä, Finland, Flashnode aims to automate and optimize business operations for its users.

Pacemaker

Seed Round in 2015
Powered by its AI DJ technology Pacemaker provides a simple DJ mix creation and social consumption experience. And with its proprietary metadata file format the Recipe, they make DJ mixes an integrated part of revenue generating music services.

Modcam

Seed Round in 2015
Modcam specializes in intelligent computer vision applications, focusing on video content analytics. The company develops compact sensors equipped with built-in video analytics to track individuals in retail environments and office spaces. Utilizing advanced image processing technology, Modcam's platform allows for the anonymous monitoring of visitor movements and profiles, offering valuable data-driven insights. This open and connected system can remotely deliver new applications to existing sensors, enabling physical stores and buildings to obtain real-time data on foot traffic and visitor behavior. Through its innovative solutions, Modcam empowers businesses to better understand and respond to customer dynamics.

Pacemaker

Seed Round in 2015
Powered by its AI DJ technology Pacemaker provides a simple DJ mix creation and social consumption experience. And with its proprietary metadata file format the Recipe, they make DJ mixes an integrated part of revenue generating music services.

Small Giant

Seed Round in 2014
Small Giant Games Oy, founded in 2013 and headquartered in Helsinki, Finland, specializes in developing mobile games, particularly in the role-playing genre. The company is known for its flagship game, Empires & Puzzles, which is designed for iOS and Android devices. Small Giant Games emphasizes the capabilities of small, skilled teams in game development, leveraging extensive experience in software engineering and graphic design. The games feature engaging characters, animations, and user-friendly one-touch controls, allowing for an enjoyable multiplayer experience. As of early 2019, Small Giant Games operates as a subsidiary of Zynga Inc.

Strossle

Venture Round in 2014
Strossle AB is a media technology company based in Stockholm, Sweden, founded in 2008. The company operates a platform designed to assist publishers in optimizing content distribution and personalizing user experiences through machine learning. By recommending articles, videos, and native ads tailored to individual interests across various categories, Strossle enhances audience engagement and helps publishers attract new users. The platform enables publishers to showcase their best-performing content within Strossle's extensive network and offers native advertisers increased reach in premium environments. Since its inception, Strossle has experienced significant growth and now has offices in several European cities, including Malmö, Oslo, Copenhagen, Amsterdam, Madrid, Bratislava, Budapest, and Helsinki. Originally known as Saplo AB, the company rebranded to Strossle AB in September 2015 to reflect its evolving mission in the media landscape.

MariaDB

Series B in 2013
MariaDB is a new generation cloud database company that offers innovative database solutions utilized by over a billion users worldwide. Its products, widely distributed through Linux distributions, have been downloaded more than one billion times and serve a diverse range of industries and use cases. Operating primarily in the Software-as-a-Service sector, MariaDB generates most of its revenue from the Americas, while also maintaining a presence in the EMEA and APAC regions. The MariaDB Foundation plays a crucial role in supporting the ecosystem, ensuring continuity and open collaboration within the community, and providing a reliable point of contact for stakeholders. The foundation is sustained by both corporate and individual sponsors.

Verifyter

Venture Round in 2013
Verifyter AB, founded in 2010 and based in Lund, Sweden, specializes in developing and marketing PinDown, a software tool designed for automating the detection and analysis of test failures in both software and hardware. The PinDown platform streamlines the debugging process, allowing for efficient identification of bugs and facilitating regression test automation. By automating these diagnostic tasks, Verifyter aims to alleviate the burden on engineers, enabling them to focus on more complex and innovative projects rather than manual debugging efforts. The company's technology supports mass analysis of multiple test failures across various version control repositories, significantly enhancing productivity in development organizations.
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