Monalotte Theorell Christofferson was elected new chairman of the Swedish Private Equity & Venture Capital Association (SVCA) at the annual general meeting on June 25 2019.
The Board of Directors of Artificial Solutions® International AB has resolved on a directed share issue of 2 736 847 new shares at a subscription price of SEK 24.0 per share (the “Directed share issue”), corresponding to proceeds of SEK 65,7m before transaction costs. The subscription price in the Directed share issue has been determined through an accelerated book building procedure.
Zenterio announced that Jorgen Nilsson, CEO at Zenterio AB, has decided to step down after 4 years. Kristian Toivo, currently COO, has been appointed as the new CEO, with immediate effect.
Miss Mary recruits three new profiles within e-commerce, fashion and consumer-oriented products.
Read the whole article here
Artificial Solutions and Indentive announce reverse takeover of Indentive for listing on Nasdaq First North, whereby Indentive has entered into an agreement to acquire the shares in Artificial Solutions by an issue in kind (the“Transaction”). The new entity, Artificial Solutions International AB, is expected to have its first day of trading on Nasdaq First North on 12 March 2019.
Read the whole pressrelease here
Mr Törnblom joined Scope as an industrial sustainability advisor to further Scope’s initiative to promote sustainability work as an integral part of creating and building Better Companies.
Scope announced on 18 December a partnership with Miss Mary of Sweden, a leading European underwear brand for women. Miss Mary, founded in Borås, Sweden, has since 1957 provided high quality and functional lingerie to women across Europe and North America. The company is well positioned in the current changes of the retail environment where high-quality inhouse production and design are gaining traction. Partnering with Scope allows the company to build on the heritage and at the same time add competence to create a scalable organization and to further develop the brand.
Read more here
Artificial Solutions, the leading specialist in enterprise-strength Conversational AI, announced today that in a funding round which was significantly over subscribed, the company has raised a further 13.6m euros in equity capital.
Artificial Solutions has recently won a number of awards for its innovative and sophisticated natural language technology. The most recent ones are found here:
Best Intelligent Assistant Innovation at the AIconics, an independently-judged group of awards that celebrates AI innovation (June 2018) Read more
Named an IDC Innovator in recognition for its sophisticated natural language technology in IDC’s latest report Conversational AI Platforms (July 2018) Read more
Star Performer in the 2018 Speech Industry Awards (August 2018) Read more
Scope’s investment strategy is to build better and sustainable companies that shape the future, together with entrepreneurs.
Read more in Dagens Industri´s article here
Johan re-joined Scope after six years of executive positions at Qliro AB and Eniro AB focused on go-to-market execution and strategy development, digital transformation and M&A.
Today, Happy Plugs announced that Christina Tillman, has been named Chief Executive Officer. Mrs Tillman is a brand expert with more than 25 years of experience of fashion retail and consumer goods, with brands such as Odd Molly. She has a proven track record of improving and growing global brands, as well as diverse experience working across multiple distribution channels.
Happy Plugs®, a global market leader in fashion tech creating consumer electronics accessories, today announces their partnership with Scope, a growth equity fund. Scope will add a scalable platform supporting sustainable brand growth and presence, further enhancing Happy Plugs’ expansion internationally.
Scope Growth III L.P. has agreed to sell its ownership in Happy Socks to Palamon Capital Partners, realising 4.7 times its investment cost.
Zenterio has successfully closed an issue which was significantly oversubscribed. In total, the Company will receive SEK 85 million to finance further growth.
Artificial Solutions announced as Gamechanger of the Year and Fintech Product Offering of the Year in the 11th Annual ACQ5 Global Awards. The winners of the awards are those companies that have demonstrated the greatest impact to industry during the previous calendar year.
Listen to the seminar on the subject “Sustainability and transparency “ that was held in Almedalen in July where Monalotte Theorell Christofferson explained how Scope works together with its portfolio companies to develop a sustainability culture, which is one of the corner stones in Scope’s strategy to develop better companies.
Watch the film from the seminar here (Swedish)
Scope Growth II LP (Scope) and Accent Equity 2012 LP (Accent) have agreed that Brand
Factory and Ineko will join forces and that Scope sells its shareholding in
Brand Factory. Accent will be the main owner in the new group and with current
management as minority shareholders. Brand Factory and Ineko are both active in
the fields of visual communications with combined sales of SEK 1.3 billion in
Sweden, Denmark, Finland and Norway.
The transaction is conditional on approval from relevant competition authorities.
FootBalance, the fast growing Finnish based custom insole brand, is delighted to announce that after an 18-month hiatus, Road Runner Sports, the leading independent running specialty retailer in the US has decided to renew its successful partnership with the company, offering 100% custom insoles to its growing consumer base.
Scope Growth III L.P (“Scope”), together with the
founders of Skruvat Reservdelar AB (“Skruvat”),
has sold Skruvat to French Mobivia Groupe S.A. (“Mobivia”), the European leader in multi-brand vehicle servicing and
spare parts, with brands such as Norauto, Midas, Carter-Cash, Auto 5, Synchro
Diffusion and Bythjul.com, that serves over 30 million motorists in 16 countries. Skruvat, an e-commerce company,has,
since Scope’s investment in 2013, grown by more than 30% annually and strengthened its position as the market leader in the Nordic market for online automotive spare parts.
Scope Growth II L.P. sells Infobric AB to Jönköping Business Development AB, a regional investment company with institutional and private investors. The founder and management remain as shareholders in the company. Since Scope invested in the company in 2008, Infobric has become the leading supplier of access control systems for the construction industry.
Happy Socks won Damernas Värld's prize Guldknappen Accessories 2015 that was awarded on the 29th of August. The jury's motivation said: "...Through the right image, design and packaging, the company has succeeded in becoming the world leader in its segment".
Artificial Solutions has successfully developed and deployed a Natural Language Interaction (NLI) solution that was launched in December for a major US tech company.
During the past year Zenterio has gone from 100 to 200 employees by acquiring four companies and growing organically as well as developed a more complete solution for the TV operators, including value added services. This journey has taken Zenterio to the next phase, hence changing the leadership requirements. Jörgen Nilsson has more than 30 years' of experience from Senior Executive roles within telecom, IT and technology at leading companies including Ericsson, Hewlett Packard and Acision. As a function of these changes, Zenterio is currently considering additional funding to strengthen its balance sheet in preparing for the IPO during 2015.
FootBalance, an innovator of in-store foot analysis and 100% custom insoles and sandals, has signed a distributor agreement with Hickory Brands, Inc., to further strengthen its presence in the United States of America. Effective 2nd of April 2015, Hickory Brands will represent FootBalance's in-store concepts for 100% custom insoles and sandals as well as off-the-shelf QuickFit insoles.
The growth equity fund Scope and Industrial Advisor Jonas Meerits have become new partners in fast growth company Happy Socks. The founders, Mikael Söderlindh and Viktor Tell, retain ownership and the company targets to double the sales figures in 2015.
A long term partner to Zenterio, 27M Group has extensive experience in the development, testing and implementation of software solutions for TV operators. Through the acquisition Zenterio doubles its development organization in Linköping with another 40 system developers and has after the acquisition 150 employees in total. In May, 27M's former CEO Anders Visell was recruited as Chief Operating Officer for Zenterio and he will continue to lead the business at Zenterio's development center in Linköping.
Zenterio has successfully closed an investment round that brought SEK 115 million in new capital shares to predominantly Nordic institutional investors. The capital will finance continued rapid growth. Zenterio recently announced a breakthrough deal with Deutsche Telekom which, together with a number of other new global customers is predicted to result in strong expansion for the company.
The two largest private dental clinic chains in Sweden and Norway are merging to form the largest private chain in the Nordic region. Together Colosseum and Smile own 41 clinics, of which 25 are in Sweden, 13 in Norway and 3 in Denmark. Combined, the entities employ about 800 people and have a turnover of approximately 850 MSEK of which Sweden accounts for 450 MSEK. As a result of the merger, Smile's 15 clinics and Colosseum's 10 clinics in Sweden will come under the same management.
Growth equity company Scope is investing in the Åre-based outdoor company Klättermusen, one of the world’s most highly respected niche brands on the outdoor market. The investment will provide resources for continued international expansion. The investments provides Klättermusen with capital and expertise to, among other things, increase sales and marketing efforts and strengthen the organisation for continued expansion while retaining and refining product quality, both technically and from a sustainability perspective.