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Spintop Ventures

Founders Erik Wenngren Finn Persson Mats Johansson Peter Carlsson Sami Niemi

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This summary is composed by our algorithm based on the analysis of the deals. If you think that some of this information is not accurate, please let us know about it and provide any supporting evidences if possible. Such cases will be analyzed by our ML-algorithm and implemented in our database, which will improve this summary.

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Total investments 50
Average round size
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The average size of a deal this fund participated in
$4M
Portfolio companies 34
Rounds per year 3.33
Lead investments 16
Follow on index
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How often the fund supports its portfolio startups at next rounds
0.32
Exits 2
Key employees 5
Stages of investment
Early Stage Venture
Late Stage Venture
Seed

Areas of investment

  • Software
  • Information Technology
  • Artificial Intelligence
  • Enterprise Software
  • E-Commerce
Summary

Spintop Ventures appeared to be the VC, which was created in 2009. The main department of described VC is located in the Stockholm. The venture was found in Europe in Sweden.

The usual cause for the fund is to invest in rounds with 2-3 partakers. Despite the Spintop Ventures, startups are often financed by Techstars, PROfounders Capital, Lars Appelstu00e5l. The meaningful sponsors for the fund in investment in the same round are Almi Invest, PROfounders Capital, Creandum. In the next rounds fund is usually obtained by Techstars, PROfounders Capital, EQT Ventures.

Moreover, a startup needs to be at the age of 2-3 years to get the investment from the fund. For fund there is a match between the country of its foundation and the country of its the most frequent investments - Sweden. The fund has no specific favorite in a number of founders of portfolio startups. If startup sums 2 of the founder, the chance for it to be financed is low. Among the most popular portfolio startups of the fund, we may highlight MariaDB Corporation, Flashnode, Oneflow. Among the most popular fund investment industries, there are Internet, Enterprise Software.

Speaking about the real fund results, this VC is 22 percentage points more often commits exit comparing to other organizations. The fund is constantly included in 2-6 deals per year. The typical startup value when the investment from Spintop Ventures is 5-10 millions dollars. The common things for fund are deals in the range of 1 - 5 millions dollars. The top amount of exits for fund were in 2018. Comparing to the other companies, this Spintop Ventures performs on 25 percentage points less the average number of lead investments. The top activity for fund was in 2018. Despite it in 2019 the fund had an activity.

The current fund was established by Erik Wenngren, Finn Persson, Mats Johansson, Peter Carlsson. Besides them, we counted 5 critical employees of this fund in our database.

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Related Funds

Funds investing in previous rounds
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Typical Co-investors
Spintop Ventures is more likely to invest in rounds together with the following funds:
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Funds investing in following rounds
These funds have a tendency to invest in the following rounds after Spintop Ventures:
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Funds with similar focus

Funds from Sweden
Funds with similar focus located in Sweden:
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Funds with similar focus acting as lead investors:

Notable deals

CompanyIndustryRound SizeDateInvestorsLocation

Norditech

$826K24 Apr 2024 Jönköping, Jonkopings Lan, Sweden

Tings

E-Commerce
Recycling
$1M30 Jan 2024 Oslo, Norway

IPRally

Artificial Intelligence
Information Technology
Legal Tech
Software
$11M21 Mar 2023 Helsinki, Uusimaa, Finland

Scrintal

Apps
Collaboration
Productivity Tools
Software
$1M18 Jan 2023 Stockholms Lan, Stockholm County, Sweden

Adway

Human Resources
Marketing Automation
Recruiting
Social Recruiting
Software
$11M16 Nov 2022 Stockholm, Stockholm County, Sweden

Nomono AS

$3M14 Sep 2022 Trondheim, Trøndelag, Norway

Worldfavor

Business Development
Information Services
Software
Sustainability
$12M23 Aug 2022 Stockholm, Stockholm County, Sweden

Acamp

Leisure
Tourism
Travel
$2M08 Feb 2022 Stockholm, Stockholm County, Sweden

Univid

Events
Meeting Software
Video Conferencing
$944K19 Jan 2022 Stockholm, Stockholm County, Sweden
News
Nomono Raises €5.4M in Late Seed Funding

– Nomono is a Trondheim, Norway-based audio technology startup.
– The company raised $5.4m in seed funding.
– This round led by Sintef Venture and Spintop Ventures, saw the participation new investors including Tvenge og Adolfsen.
– The company intends to use the funds to accelerate research, development, and growth.

Cambri Raises €3.6M in Series A Funding

– Cambri, a Helsinki, Finland-based market research automation and SaaS startup that accelerates product and concept testing of consumer brands, raised €3.6M in Series A funding.
– The round was led by OpenOcean and Spintop Ventures.
– The company intends to use the funds to continue to expand operations and its business reach.

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Total investments 50
Average round size 4M
Rounds per year 3.33
Peak activity year 2019
Lead investments 16
Follow on index 0.32
Exits 2
Group Appearance index 0.86

Latest deals

CompanyIndustryRound SizeDateInvestorsLocation

Norditech

$826K24 Apr 2024 Jönköping, Jonkopings Lan, Sweden

Tings

E-Commerce
Recycling
$1M30 Jan 2024 Oslo, Norway

IPRally

Artificial Intelligence
Information Technology
Legal Tech
Software
$11M21 Mar 2023 Helsinki, Uusimaa, Finland

Scrintal

Apps
Collaboration
Productivity Tools
Software
$1M18 Jan 2023 Stockholms Lan, Stockholm County, Sweden

Adway

Human Resources
Marketing Automation
Recruiting
Social Recruiting
Software
$11M16 Nov 2022 Stockholm, Stockholm County, Sweden

Nomono AS

$3M14 Sep 2022 Trondheim, Trøndelag, Norway

Worldfavor

Business Development
Information Services
Software
Sustainability
$12M23 Aug 2022 Stockholm, Stockholm County, Sweden

Acamp

Leisure
Tourism
Travel
$2M08 Feb 2022 Stockholm, Stockholm County, Sweden

Univid

Events
Meeting Software
Video Conferencing
$944K19 Jan 2022 Stockholm, Stockholm County, Sweden
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