Tech deals in the Nordics
Educated capital - Norwegian dyslexia aid software company Lingit is
acquired by Verdane, while Optolexia, a company that identifies dyslexia with AI,
raises €5.2 Million. Lin Education, a hardware and software distributor to schools, is
acquired by Summa Equity.
Enterprising software deals - In Sweden, fitness facility software BRP was
acquired by Valedo, Monterro
invested in life insurance platform Itello. TradeExtensions, a Swedish purchasing software company, was
acquired by a US trade buyer for SEK 400 million. Danish Tradeshift
acquired IBX Business Network from Gapgemeni, while Bahrain's Investcorp
acquired Ageras, a Danish marketplace for professional services. In Norway, software conglomerate Visma
shopped e-commerce solutions provider Trollweb.
Financing fintech - Mina Tjänster, that keeps track of subscriptions, got a
SEK 15 million investment from Swedbank. Savings apps Qapital and Dreams raised
$12 million and SEK
30 million respectively for further expansion. Collector Ventures
invested in Lånbyte, that helps you switch to a better mortgage, and
SEK 10 million in Mondido, a payments company. Deal activity in two robo-advisors: Sweden's Lysa is
financed by private investors to challenge banks, while and Norway's Quantfolio was
acquired by a bank.
Entertaining acquisitions - Two Swedish streaming companies are growing with acquisitions. Music service giant Spotify acquired
Sonalytics (US), a sound analytics company and
MightyTV (US), a content recommendation system. Streaming audio books company Storytel acquired publisher
PeoplesPress (DK), and another publisher,
Telegfram (SE). Meanwhile, Verdane
invested in mobile music-making platform Propellerhead. Kinnevik
acquired 18,5% of cable network ComHem.
Secure investments - Finland's F-secure
acquired Little Flocker to provide better protection for Macs, and Sweden's Bure
invested in login security company Yubico. Denmark's Maj invest
acquired 75% of gateway security company Icotera, and Evolution Equity Partners (US)
invested $10 million in Danish LogPoint, that offers software for security information and event management (SIEM).
Consumer spending - The world's largest fishing community app, Fishbrain,
caught another SEK 33 million financing from Telenor and others. Norway's Kistefos
acquired phone directory company Digitale Medier 1881, while Norwegian online grocery companies Godlevert and Adams Matkasse (owned by Sweden's Linas Matkasse) are planning to
merge. Smart personal storage is in demand and 24 Storage moved in
SEK 250 million for further expansion. Sweden's auction site auctioned away
SEK 30 million in new capital, while photo-platform Pickit picked up $4,6 million in a new round from Microsoft and others.
Digital HR growing - Sweden's employer-ratings company Careereye
attracted SEK 10 million from Spiltan and others, while Danish people engagement software Peakon
raised $6,5 million in a financing round led by EQT Ventures.
Healthy deals - Gym chain Actic is running towards an
IPO, and Kinnevik
invested a healthy $125 million in life-enhancing company Livongo. Fitness app Shapelink was
acquired by digital training coach Twiik.
Gambling on expansion - LeoVegas
acquired an Italian game operator, while Betsson enters the Spanish gaming market by
betting on local online gaming operator Premier Casino.
Consulting consolidating - Data Respons, a Norwegian digital consultancy,
acquired TechPeople, and a Danish consultancy. IT-consultancy B3IT
bought digital solutions provider Rebel & Bird.
Real money to Virtual Reality - Game developer Logotown
got SEK 6 million in new financing, Augmented Reality company Hoylu
listed on First North, and the virtual world Friendbase
raised SEK 4 million and goes to South Korea.