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Ardian Private Debt and CVC Credit Partners provide financing to support acquisition of Voogd & Voogd

Ardian

London, October 11, 2017 – Ardian Private Debt and CVC Credit Partners, announced today that they have provided financing supporting Five Arrows Principal Investments (“FAPI”) in their acquisition of Voogd & Voogd, a leading technology-enabled insurance intermediary based in the Netherlands. The financing also includes a committed debt facility to further support Voogd & Voogd’s expansion plans.

Founded in 1909, Voogd & Voogd is a leading technology-enabled insurance distribution and software platform. Providing a range of value-added administrative services and solutions, the company’s platform forms the commercial and logistical link between insurers and c.2,000 brokers in the Netherlands. Mark Brenke, Managing Director & Co-Head Ardian Private Debt, said: “As a financing partner, we are delighted to be supporting Bas de Voogd (CEO Voogd & Voogd), Michael de Nijs (CFO Voogd & Voogd) and FAPI who have a strong track record investing in technology enabled B2B services businesses. Voogd & Voogd has a very long track record as the leading insurance service provider in the Dutch market, leveraging its proprietary technology platform to support the administration and distribution of insurance policies in the Netherlands. The business has been a major innovator in an evolving sector, enabling the digitisation of the personal and commercial lines insurance market.”

Neale Broadhead, Managing Director & Portfolio Manager in CVC Credit Partners’ direct lending business, said: “We are very excited to announce our latest investment in the Netherlands. Voogd & Voogd is the leading intermediary player in the Dutch insurance market, with superior scale, technology capabilities and reach into the insurers and brokers networks. We look forward to working with FAPI as they position Voogd & Voogd to take advantage of the growth in the Dutch insurance market.”

ABOUT ARDIAN

Ardian, founded in 1996 and led by Dominique Senequier, is an independent private investment company with assets of US$65bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world. Ardian’s investment process embodies three values: excellence, loyalty and entrepreneurship.

Ardian maintains a truly global network, with more than 470 employees working through twelve offices in Paris, London, Frankfurt, Milan, Madrid, Zurich, New York, San Francisco, Beijing, Singapore, Jersey, Luxembourg. The company offers its 610 investors a diversified choice of funds covering the full range of asset classes, including Ardian Funds of Funds (primary, early secondary and secondary), Ardian Private Debt, Ardian Buyout (including Ardian Mid Cap Buyout Europe & North America, Ardian Expansion, Ardian Growth and Ardian Co-Investment), Ardian Infrastructure, Ardian Real Estate and Ardian Mandates.

www.ardian.com

ABOUT CVC CREDIT PARTNERS

CVC Credit Partners is the credit management business of CVC. Formed through a merger of predecessor firms that date back to 2005 and supported by a team of 51 dedicated investment professionals, CVC Credit Partners is a global credit asset manager with offices in the US and UK and $17.9bn assets under management, as at Q2 2017.

CVC Credit Partners seeks to generate for its investors positive absolute returns and attractive risk-adjusted returns on capital throughout the credit cycle. CVC Credit Partners has built a diverse platform which creates significant synergies across its three investment strategies: Performing Credit, Credit Opportunities & Special Situations and Private Debt.

http://www.cvc.com/Credit-Partners.htmx

ABOUT FIVE ARROWS PRINCIPAL INVESTMENTS

Five Arrows Principal Investments is the corporate private equity business of Rothschild Merchant Banking and has €1.4 billion under management. With offices in London, Paris and Luxembourg, Five Arrows Principal Investments employs a pan-European investment strategy focused on investing in middle market companies which have entrenched market positions, business models with high revenue visibility and multiple untapped levers for value creation.

www.rothschild.com/en/merchant-banking/corporate-private-equity

PRESS CONTACTS

  • CVC CREDIT PARTNERS
  • Nina Suter, Head of Communication
  • nsuter@cvc.com
  • Tel: +44 20 7420 9122

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Almi Invest and Walerud Ventures invests in Ekkono

Almi Invest

Almi Invest and Walerud Ventures is investing a total of SEK 7.5 million in the company Ekkono Solutions, which provides a solution for machine learning for the Internet of Things – Internet of Things (IoT).

The trend of the Internet of Things and the increasing amount of connected objects, in everything from our homes to the industry, means great potential but also challenges with an extensive amount of raw data from all of these items. Ekkonos solution based on seven years of research in predictive modeling. Their product create smarter data management and offers solutions to the challenge of extensive data sets.

Ekkono provides a software solution for Edge Computing, a software to manage the amount of data and improve the potential of the IoT. The product enables advanced machine learning for connected objects, making them smarter and more efficient. The target audience of the product ranges from everything from the consumer market, the industrial IoT, including process industries, automotive, energy and building.

Therefore, now Almi Invest and Walerud Ventures has chosen to invest in Ekkono.

“Ekkono has the potential to be how big any time,” said Jane Walerud. “They are at the intersection of two major areas, machine learning and IoT, and address an international market. Ekkono has the potential to become a part of the Swedish engineering miracle, and fits well with Walerud Ventures.”

“The area is hot and there are a number of Swedish companies in the forefront, says Christian Björkman, Invest Manager at Almi Invest.” Ekkono the combination of a team with a proven track record and a promising technology. This can revolutionize and simplify the way that machine learning and IoT application in the future.

Jon Lindén (pictured above), president of Ekkono notes that the investment is a major step for the company:

“It’s a great combination of investors, Jane, Josee and Caroline Walerud is Sweden’s top technology investors and understand our business. Almi Invest adds further credibility and is an experienced and professional investors.”

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Latour acquires NODA, a leading Swedish software company in energy efficiency

Latour logo

Investment AB Latour (publ) has, through its subsidiary Bemsiq, signed an agreement to acquire all shares in NODA Intelligent Systems AB, a leading Swedish software company in system-wide energy optimization for district heating grids and intelligent heat control for residential buildings. Bemsiq made its first investment in NODA in October 2015, and owned 29 per cent of the shares in the company prior to today’s transaction. The sellers are, among others, the Sixth Swedish National Pension Fund and the founders. Closing will take place immediately.

NODA has its head office in Karlshamn, Sweden, and is active in the European market, with focus on Sweden, Poland, Germany, France and the United Kingdom. The company develops and provides the product Smart Heat Grid, which is an advanced system to reduce peak loads and balance the load profile in district heating networks. The company’s second product, Smart Heat Building, employs a self-learning and adaptive model to reduce both energy consumption and power need in buildings. NODA has 15 employees and net sales in 2016 amounted to SEK 5 m, where a majority is recurring license fees.

“I am very happy that NODA will become a wholly owned company in Bemsiq and Latour. It opens new and exciting opportunities for deepened collaboration with the other Bemsiq companies, especially in product development and international sales”, says Patrick Isacson, CEO of NODA. “NODA will now have a long-term owner and better possibilities to expand our business in the European market.”

“NODA is an exciting company with a high technology level and a market leading position in digitalization of district heating grids. We are especially impressed by their leading role in three projects within Horizon 2020, the EU Framework Programme for Research and Innovation”, says Pär Arvidsson, CEO of Bemsiq.

Göteborg, October 11, 2017

INVESTMENT AB LATOUR (PUBL)

Jan Svensson, CEO

For further information, please contact:
Pär Arvidsson, CEO, Bemsiq AB, +46 70 324 72 53

Investment AB Latour is a mixed investment company consisting primarily of wholly-owned industrial operations and an investment portfolio of listed holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 49 billion. The wholly-owned industrial operations generated a turnover of approximately SEK 8 billion in 2016.

 

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Cinven to sell CeramTec

Cinven

International private equity firm, Cinven, today announces that it has signed an agreement for the sale of CeramTec GmbH (‘CeramTec’ or ‘the Group’), a leading global manufacturer of high performance ceramics, to a BC Partners-led consortium including the Public Sector Pension Investment Board (PSP Investments) and Ontario Teachers’ Pension Plan (together the ‘BC Partners Consortium’) for an undisclosed consideration.

Headquartered in Plochingen, Germany, CeramTec manufactures high performance ceramics for various end-markets including medical, automotive, industrial and electronic.  Its proprietary product portfolio includes hip replacement implant components (notably the BIOLOX® brand), high speed cutting tools and electrical / thermal ceramic solutions.  The Group employs more than 3,400 people across 20 facilities worldwide. In the 12 months to June 2017, CeramTec generated revenues of €538 million and adjusted EBITDA of €196 million.

Cinven acquired CeramTec in August 2013 from Rockwood Holdings, Inc. for €1.5 billion.  During Cinven’s ownership, CeramTec has performed strongly increasing revenues from €425 million to €538 million and improving its EBITDA margin from 32% to 37% while investing substantially in new capacity and growing its work force by more than 300 people to over 3,400.

In particular, Cinven worked with CeramTec to:

Streamline the organisation and strengthen Group management with the reorganisation from 16 independent business units to two business segments – Medical and Industrial; the appointment of a new management board including the new CEO, Henri Steinmetz (March 2016), and new COO of the Medical business, Dr. Hadi Saleh (July 2015); and the strengthening of the team below the Board level.

Accelerate organic growth through investment in additional capacity including the Medical plant expansion at Marktredwitz (€40 million investment), supporting innovation and product development, increased focus on strategic customers and accelerating growth outside of CeramTec’s historical home markets particularly into the United States and China;

Increase productivity and capital efficiency through intensive ongoing improvement programmes and centralising production management, resulting in substantially increased margins and free cash flow generation; and

Execute a successful value-accretive buy and build strategy with the acquisitions of US-based DAI Ceramics (in 2015) and the UK-based Electro Ceramics division of Morgan Advanced Materials (in 2017) reinforcing CeramTec’s strength in aerospace and piezo ceramics.

Bruno Schick, Partner at Cinven and Head of the Frankfurt office, said:

“CeramTec has been a highly successful investment due to a combination of factors: Cinven’s sector expertise, in both Healthcare and Industrials; our longstanding presence and track record in Germany which enabled us to identify and execute the transaction; our international capabilities facilitating the Group’s expansion into the US and China; and our focus and conviction.  We have worked alongside an excellent management team, as well as a highly qualified and dedicated workforce at CeramTec and we wish them every success in the future. We are delighted that the BC Partners consortium is acquiring CeramTec and will continue to invest in the business.”

Pontus Pettersson, Partner at Cinven, added:

“CeramTec is an excellent business with great prospects.  We have worked hard to transform the Group into a more agile, commercial and global enterprise delivering strong financial results. We have invested significantly, strengthened management, simplified the organisation and improved efficiency and product innovation.  We accelerated organic and international growth and executed a number of value-add acquisitions creating a first class high performance ceramics business.”

Henri Steinmetz, Chief Executive Officer at CeramTec, commented:

“Our journey from a German-centric technology leader, towards a truly global market leader is well under way. Over the past four years we have doubled our ceramic implant capacity in Marktredwitz, we have simplified the organisational set-up in our Industrial segment and we have created a leading platform in piezo ceramics with the UK acquisition of Morgan Advanced Materials. We are very grateful to Cinven for its leadership and its commitment to transforming and growing our business and we look forward to working with our new owners together as partners to realise the next stage of growth.”

The completion of the sale of CeramTec is subject to customary regulatory approval and expected in the first half of 2018.

Advisors to Cinven on the CeramTec transaction included: BofA Merrill Lynch (M&A), Morgan Stanley (M&A), Clifford Chance (Legal), McKinsey (Commercial), PricewaterhouseCoopers (Financial), Ernst & Young (Tax) and ERM (Environmental).

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Signature of an agreement with Icade to acquire Eurazeo’s stake in ANF IMMOBILIER

Eurazeo

On July 24, 2017, Eurazeo announced it had entered into exclusive negotiations with the real estate group Icade to sell its majority stake in ANF Immobilier (50.48% of share capital and 53.73% of voting rights), at €22.15 per share. The sale was to be followed by an Icade public takeover bid for the remaining interest at €22.15 per share, representing a premium of 10.2% on the average price over the previous three months 2. Intrinsic to this transaction were the exclusive negotiations between ANF Immobilier and
Primonial REIM, for the sale of ANF Immobilier’s historic housing and commercial portfolio, mainly located in Marseille, and a building in Lyon(the “legacy assets”), for €400 million excluding duties.
A decisive milestone has now been reached in these negotiations.
Following approval by their employee representation bodies , Icade and Eurazeo have signed a binding agreement for the acquisition by Icade of Eurazeo’s majority share block in ANF Immobilier. The block will be sold at the announced price of €22.15 per share. Eurazeo would realize a disposal gain of €213 million, an investment multiple of 2.3x and an IRR of 13%.
Proforma of this transaction and given the recent transactions, Eurazeo’s cash position would amount to a level close to €700 million. The effective sale of Eurazeo’s majority stake remains subject to the execution of a binding promise to buy
and sell the Legacy Portfolio. The final sale of the share block and the filing of the public takeover bid are planned for the end of October and November 2017.

About Eurazeo

With a diversified portfolio of approximately €6 billion in assets under management, of which €1 billion is from third parties, Eurazeo is one of the leading listed investment companies in Europe. Its purpose and mission is to identify,accelerate and enhance the transformation potential of the companies in which it invests. The Company covers most private equity segments through its five business divisions–Eurazeo Capital, Eurazeo Croissance, Eurazeo PME, Eurazeo Patrimoine and Eurazeo Brands. Its solid institutional and family shareholder base, robust financial structure free of structural debt, and flexible investment horizon enable Eurazeo to support its companies over the long term. Eurazeo is notably a shareholder in AccorHotels, Asmodee, CIFA, CPK,Desigual, Elis, Europcar, Fintrax, Grape Hospitality, Les Petits Chaperons Rouges, Moncler, Neovia, Novacap, Sommet Education, Trader Interactive, and also SMEs such as Péters Surgical and Groupe Flash, as well as start-ups such as Farfetch and Vestiaire Collective.

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ALMI Invest in Videquus monitoring system for horses

Almi Invest

Almi Invest invests one million crowns in Skovde based Videquus, developing an intelligent monitoring system for horses.

The company has since last spring brought in a total of 3.5 million, also from Nudie founder Palle Stenberg and Skaraborg Invest. The money will go to the final development and market launch of the service.

There are now about 360,000 horses in Sweden, where the horse industry has sales of over 47 billion. Horses standing unattended in the stall 8-10 hours a night, and if the horse gets sick or injured, it can cause unnecessary suffering and great expense if not detected in time.

Videquus vision is to bring the latest technology to the stables to make horse ownership safer, more fun and more economically by offering an intelligent monitoring system for unattended horses. The system is based on a surveillance camera as the image recognition, machine learning and sensors can detect abnormal behavior and health of the horse, and sound the alarm if something happens.

– Videquus create the smart stables by combining IoT technology with machine learning for a practical application where there is a great need, says Christian Björkman, Investment Manager at Almi Invest. Videquus technology is at the forefront when it comes to monitoring the horses and we see good opportunities to expand in several areas.

The company was founded in 2016 in Flyinge and presented a first version of its solution to the Gothenburg Horse Show for more than a year ago.

– With the capital and the expertise we received from our investors, we are now positioned to further develop our platform so that we can launch it on the market fully, says Videquus CEO Linus Jernbom.

Launch of Videquus platform takes place on two occasions in February 2018, and at the Gothenburg Horse Show, and at Axevalla trotting.

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Almi Invest invests in Crossers real-time analysis

Almi Invest

Almi Invest invests SEK 3.5 million in Sundsvall company Crosser Technologies, which is developing a Fog Computing software for real-time data analysis.

The total financing round of EUR 13.5 million, which also Spintop, Norrland Fund and ALMI involved. The money will be used to further the development and launch of the product.

As more objects are connected to the Internet, Internet of Things (IoT) requires large infrastructures to handle all the data and then it is not rational to store everything in the cloud. The solution to this is Fog Computing, which serves as an intermediate layer between the sensors and cloud services.

Crossers software analyze streaming data in real time and determine what should be analyzed, filtered and passed on, for example, for storage and calculations in the cloud. This results in dramatically reduced costs for cloud services and bandwidth.

– Crosser is early in a hot industry. They have, thanks to a forward-looking technology and the right team chance to define a new market, says Mats Håkansson, Investment Manager at Almi Invest.

The target group for Crosser’s manufacturing industries as machine and equipment manufacturers, vehicle manufacturers and energy companies where IoT is becoming increasingly common.

Crossers technology provides an easy management of sensor-generated data and creates the opportunity to act within milliseconds of business-critical events world över.Crosser can be used in many different areas such as industrial IoT, distribution and logistics management, health care, smart homes and smart cities.

– The core of our real-time server has been developed since 2009, says Crossers CEO Martin Thunman. So when we started Crosser was basically already finished, which enabled us to go to market very quickly. This funding will allow us to build on the team and invest in sales and marketing.

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Activa Capital boosts its investment team with the appointment of Timothée Heron as associate

Paris, 10 October 2017
–
Activa Capital, the Paris-based independent private equity firm, is pursuing its development strategy and announces the arrival of Timothée Héron, 26, as Associate.
Timothée will reinforce the investment team in analyzing new opportunities. Prior to joining Activa Capital, Timothée
worked for 2 years as an M&A analyst at DC Advisory, after previous work experience in large and mid-cap M&A at UBS and Credit Suisse. Timothée is a graduate of Dauphine University, Paris.
“We are very pleased to welcome Timothée to Activa Capital’s investment team, which now counts 12 professionals dedicated to investments. His transactional experience on the French SME market will strengthen our ability to identify strong investment opportunities and support management teams with their growth projects”, says Christophe Parier, Partner at Activa Capital.
About Activa Capital
Activa Capital is a leading French mid-market private equity firm. Activa Capital manages over €500m of private equity funds on behalf of a wide range of institutional investors. Activa Capital partners with ambitious mid-sized French companies, valued at €20m to €200m, seeking to accelerate their growth and their international footprint. Learn more about Activa Capital at
activacapital.com
.

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Perfect Gym Fuels Growth with €4.5M in Expansion Capital

3TS Capital Partners

Warsaw – October 9, 2017

Perfect Gym Software, a rapidly emerging leader, which provides an end-to-end platform that revolutionizes how fitness clubs are managed, announced today that it has raised €4.5M in a new round of funding. The round was led by 3TS Capital Partners, a leading European growth technology investor. Innovation Nest (lead investor in the seed round) and Trigon TFI also participated in the round. The company will use the investment to accelerate its growth in Europe, Middle-East and Asia, as well as continue development of its technology platform.

Perfect Gym offers a comprehensive suite of product modules for next-generation management of fitness clubs, sports facilities and gyms. The company’s integrated solution is based on the latest technology with modular architecture covering all key operations performed by multi-location and multi-country fitness chains. The platform’s breadth of functionality optimizes costs and increase profits significantly. Clients receive advanced reports with up-to-date club key performance indicators, monitoring of members activity, a complete CRM database, credit card and other payments solutions, as well as the ability to generate invoices and work schedules for trainers and specialty staff. Perfect Gym’s clients include well-known brands such as McFit, Gold’s Gym, World Class, Anytime Fitness, Fitness First, Fitness World and Fitness 24 Seven. Currently the company has more than 500 Customers in 37 markets on 4 continents.

Jacek Szlendak, Founder and CEO at Perfect Gym said, “We believe that our platform provides unique opportunities for fitness clubs and gyms to improve their business results more efficiently, while driving high customer engagement benchmark. We’re thrilled to add the experience and expertise of 3TS whose support will help accelerate our growth and the development and rollout of the platform to meet the increasing demand.”

3TS Partner Zbigniew Lapinski who led the investment commented, “Perfect Gym is serving a large and fast-growing fitness market. Being fit and healthy is a priority for individuals across the globe and this trend continues to drive explosive growth of mobile applications, connected devices and ultimately number of fitness clubs and gyms. We’re extremely excited to support Perfect Gym’s rapid growth as it helps operators run their businesses better while keeping their customers happy.”

Marcin Szelag, Partner at Innovation Nest who led the previous financing in Perfect Gym said, “With its suite of products, Perfect Gym is helping clients transition from legacy on premise software to a flexible cloud solution. We feel that this is an important step for the fitness industry, which will allow to launch new products and services. As an early believer and investor in Perfect Gym we are really impressed with the progress the company has made over the last 18 months and will continue to support the founders in realizing their vision.”

Paweł Burzyński, a partner and deputy CEO of Trigon TFI added, “We are pleased to support Perfect Gym which is well positioned to benefit from two mega trends of fit lifestyle and mobile applications development. Perfect Gym is a kind of investment we like the most, which should bring positive returns to our investors and healthier life to the company’s clients.”  

About Perfect Gym
Perfect Gym is the leading technology platform for the fitness clubs, sports facilities and gyms. Local, regional and global fitness business owners use Perfect Gym’s solutions to run, automate and grow their businesses.

Learn more at www.perfectgym.com

About 3TS Capital Partners

3TS Capital Partners is one of the leading European technology focused private equity and venture capital firms.  3TS provides expansion capital and buyout funding for small and medium-sized businesses in growth sectors including Technology & Internet, Media & Communications and Technology-Enabled Services. Investors in the current and past 3TS funds totaling over €300 million include EIF, EBRD, Cisco, OTP, Sitra, 3i and KfW among others.

About Trigon TFI

Trigon is one of the fastest growing and leading Polish private Mutual Funds with asset under management of USD 1.2bn. Venture FIZ, a VC arm of the Fund, has been directly engaged into the transaction of Perfect Gym.

Learn more at www.trigontfi.pl 

About Innovation Nest

Innovation Nest is an early stage VC firm focused on B2B Software. As a thesis driven fund, Innovation Nest helps seed stage companies in the B2B market go through product and market validation phase. Innovation Nest provides financing across Seed and Series A rounds. Now investing out of the second fund and targeting B2B software companies across Europe.

Learn more at www.innovationnest.com

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Crosser Technologies AB secures €1.4 million in seed funding

Spintop Ventures

Pioneers in real-time technologies raises capital to launch its Intelligent Edge Computing software for Industrial IoT.

Sundsvall/Stockholm, Sweden, October 9, 2017 — Crosser Technologies AB, a leader in Intelligent Edge Computing software (or “Fog Computing”) for industrial and enterprise IoT, announces today that it has raised €1.4 million in Seed capital led by Spintop Ventures with Almi Invest and Norrlandsfonden as co-investors in the round.

Crosser’s software acts as an on-site middle-layer between sensors and cloud services, analysing the streaming data in real-time and enabling large cost savings and real-time local actions for time-sensitive applications. It is designed to collect all the data from sensors
or operational technology (OT) machine data in real-time, analyse the data in milliseconds, aggregate, lter, enhance and take actions on the data in a distributed way. It is typically installed on a factory oor server or IoT Gateways and can also be embedded in equipment, machines or vehicles.

”The core real-time engine has been in development for several years by Ulf Björklund, our Head of R&D and co-founder”, said Crosser CEO and co-founder Martin Thunman. ”When we started Crosser we had the foundation already built which has enabled us to bring a product to market in a very short time. The funding will allow us to expand the team and to invest in sales and marketing”.

”The opportunities for industrial companies to embrace IoT to leverage data analytics for competitive advantages are huge.In many scenarios it will require distributed and intelligent edge computing” said Finn Persson, Partner at Spintop Ventures.
“The combination of a very large market opportunity, Crosser’s technology and the expertise and track-record of the founders make us very excited to lead the seed round in the company”.

Crosser’s solution includes a cloud-based management platform with a drag ‘n drop Flow Studio for easy set-up and over-the-air con guration and software updates. It also comes with a library of pre-built adapters and connectors for sensor data, industrial protocols, enterprise data sources and applications, cloud apps and cloud services.

Crosser has several deployments in various industries. As an example can be mentioned the data coordination for a supply and eet management system for Sweden’s largest forestry industry. Which was implemented and customized in partnership with one of Europe’s leading software integrators. Crosser’s partnership model has gained great traction, and there are s”ome major industry projects in the pipeline.

”An Industrial IoT project is not a stand-alone initiative. Besides collecting the sensor data it is also an integration project. It is when the sensor data is combined with other enterprise data that the full value is extracted.” said Martin Thunman. “Our objective is to make it very simple to collect, analyze and integrate the streaming data. All in the edge, managed by a cloud-based platform.”

About Crosser Technologies
Crosser designs and develops intelligent edge computing software for industrial and enterprise IoT applications.
The Crosser Fog Computing solution o oads the Cloud services, provides real-time analytic and decision making capabilities close to IoT sensors and IoT devices. This sub- stantially reduces Cloud services cost and bandwidth costs and gives a sub millisecond response time on data streams for real-time local actions. The software is ideally suited for Enterprise customers in a variety of industries and applications including Industrial IoT, Supply Chain, Healthcare, Smart Building and Smart Cities.
https://crossertech.com/

About Spintop Ventures
Founded in 2009, Spintop Ventures is a venture capital rm with a senior team backed by a network of successful tech entrepreneurs who have invested in Spintop alongside institutional investors family o ces and experienced private investors.

About Almi Invest
Almi Invest is Sweden’s most active startup investor. Almi Invest manages a total equity of SEK 3 billion and has since start invested in about 600 startups. Our best holdings have been divested to major industry players such as Google, Apple, Microsoft and Qlik or through successful IPOs such as Tobii and MIPS. Almi Invest is a Venture Capital company within the Almi Group.
www.almiinvest.se

About Norrlandsfonden

Norrlandsfonden is a trust fund that works to promote the development of companies with ambitions for growth in the counties of Norrbotten, Vasterbotten, Vasternorrland, Jamtland and Gavleborg in northern Sweden.
http://norrlandsfonden.se/

Crosser Media Folder (DropBox)
Contains resent pressreleases, team images, logos and product images.
http://dropbox.com/crossertech

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