Our portfolio

Cardlay

Cardlay has developed an innovative platform for Card and Travel Expense Management. The platform automates, optimizes and rationalizes the card and expense processes of corporates, freeing up resources from cumbersome administration tasks to value-adding business activities.

Cardlay

Investment manager: Johan Wolf

Capcito

Acquired by Fortnox, December 2021

Capcito enables small and medium sized enterprises to access dynamic capital based on the quality of their receivables. In real time Capcito can assess your book keeping data in the cloud, offer an simplified way of doing traditional factoring and with a transparent and competitive cost structure.

Investment manager: Fredrik Ljungblad

Combient

Combient AB is a Joint Venture between 11 global enterprises, headquartered in Sweden. The owners include Atlas Copco AB, Electrolux AB, Ericsson AB, FAM AB, Investor AB, LKAB, Saab AB, SEB AB, Sigma AB, SKF AB and Stora Enso AB. The vision is to Bring Digitalized Industrial Innovation to the industry. Combient has an active interaction and governance with our owner companies, work closely with academia and explore new partnerships that can help us achieve our aspirational vision.

Combient

Investment manager: Johan Wolf

Combient Mix

Acquired by Silo AI, June 2023.

Combient Mix is a data science and analytics company working exclusively for the Combient network to scale AI across the Nordics. 

Investment manager: Johan Wolf

Contour

Acquired by Xalts, January 2024. 

Contour is a blockchain-based trade finance platform where trusted information is shared in real-time, effectively digitizing Letters of Credit across all users in the transaction. Contour was co-created by SEB and six other global trade finance banks. 

Investment manager: Kristina Söderberg

Hedvig 

Hedvig was founded 2017 in Stockholm, Sweden as a digital challenger to the incumbents in the Swedish insurance industry. The goal was and still is to offer customers exceptional and quick service through a simple and intuitive interface. Value proposition: home- car-, accident- and pet-insurances.

Hedvig

Investment manager: Fredrik Ljungblad

Insurely

Insurely, founded in Sweden 2018, aims to make the insurance industry more transparent and obvious. With their open API - platform for insurance aggregation services, that connects seamlessly to insurance companies & transmit personal and non-personal insurance-related data, they are creating win-win experiences. Insurely mines and structures data to provide high-quality insurance insights and to power insurance transactions through APIs which enables insurers, banks and fintechs to build new insurance experiences which delivers value for end-users to drive increased retention, conversion, growth and new revenue streams.

Insurely

Investment manager: Fredrik Ljungblad

Kivra

Kivra, founded 2011 in Stockholm, offers consumers and corporates several services such as:

• Digital mail from authorities and associated corporate senders.
• Digital invoices with connection directly to a connected bank.
• Digital receipts
• Certificates 
• Document storage with uploads from local files and photos.
• Storage of salary statements

Kivra

Investment manager: Fredrik Ljungblad

Leasify

Leasify is on a mission to become the leading lease accounting platform in the Nordics and provides streamlined and compliant IFRS 16 and K3 reporting. Serving some of the largest and fastest growing brands in the Nordics with contract management, lease accounting and leasing procurement.

Leasify 

Investment manager: Michael Sparring

Leneo

Acquired by Founders July, 2024

LENEO is a Fintech company founded in 2016 in Copenhagen with the value proposition of delivering a technology platform that fuels a Product or Asset-as-a-Service future based on leasing, rental or subscription. To help suppliers to offer new business models to the market and support the movement from Ownership to Usership and Subscription.

Leneo 

Investment manager: Fredrik Ljungblad

Lumera

Lumera, founded in 2004, offers Life and Pension companies a cloud-based Policy Administration System (PAS) for creating, migrating, and managing insurance products. Key benefits include:

• accelerated time to market
• increased process automation
• reduction of technical complexity
• support for continuous compliance

Lumera is market leader in Sweden and Norway and is expanding into Europe with acquisitions in the Netherlands and UK.

Lumera 

Investment manager: Fredrik Ljungblad

Lysa

Lysa is one of the largest new savings companies in Europe with 100,000 active customers who together save and invest SEK 18 billion with Lysa. Lysa's mission is to make it simpler to save smarter by helping people to save money automatically in what Lysa considers to be the world's best funds.

Lysa 

Investment manager: Johan Wolf

Now Interact

Now Interact is a leading artificial intelligence vendor that offers targeted machine learning applications which optimise the bridge between digital and offline channels. Its artificial intelligence applications use real-time omnichannel data – including online, contact centre, telesales and bricks & mortar – to drive personalised customer journeys and accelerate the digitalisation of sales and service.

Now Interact

Investment manager: Johan Wolf

Oxceed  

Oxceed develops and offers services that enables SME- clients to get a better overview and control over their financial current state as well as predict future financial development in order to take fact based decisions, grow their business and achieve a higher participation from staff in company targets and strategies. Oxceed value proposition is a cloud based BI-platform tool integrated with the SME-clients ERP-system and other internal and external sources. Easy to integrate and share output with relevant stakeholders in the SME-clients eco-system.

Oxceed

Investment manager: Fredrik Ljungblad

PE Accounting

PE Accounting is a fully outsourced and digital accounting service for SME's. 

PE Accounting

Investment manager: Fredrik Ljungblad

R3

R3 has developed Corda which is an open-source distributed ledger platform designed to record, manage and automate legal agreements between businesses. R3 is leading a consortium with over 80 banks, clearing houses, exchanges, market infrastructure providers, asset managers, central banks, conduct regulators, trade associations, professional services firms and technology companies to develop ground breaking commercial applications of distributed ledger technology for the financial services industry.

r3

Investment manager: Johan Wolf

Roaring

Roaring is an external data source provider that offers a modern API-platform which “collects and delivers” client data from external, official data sources. Helps companies to effectively automate manual and costly client data processes. At the same time, Roaring digitize and simplify the process for regulatory compliance that their clients must follow. Currently Roaring covers the Nordic area with end-clients in a variety of industries and segments.

Roaring

Investment manager: Michael Sparring

Silo AI 

Acquired by AMD, August 2024.

Established in 2017, Silo AI is on a mission to build a European flagship AI company, with offices currently in Finland, Sweden, Denmark, Switzerland, the Netherlands and Canada.

Investment manager: Johan Wolf

Thought Machine

Thought Machine builds the world's most advanced core banking engine, Vault. Thought Machine's mission is to revolutionize banking by deploying modern, cloud-native, systems and moving away from the legacy platforms. Clients include Lloyds Bank Group, Standard Chartered, SEB and Atom Bank.

Thought Machine

Investment Manager: Johan Wolf

Tink

Acquired by VISA, March 2022

Tink's app makes it possible for customers to collect and categorise detailed information about purchases and savings in one place. Functionalities such as transfers and payments will soon also be covered by the app.

Investment manager: Johan Wolf