Billhop, the Swedish fintech company, saw its revenue accelerate in 2025 while finalising a major deal with US payment platform Ramp. The company was sold to the larger US player, and its Swedish staff was heavily cut as part of the exit process.
Scrive, a Swedish SaaS provider of electronic signature solutions, announced that it has reached 400 million SEK in revenue and achieved EBITDA profitability. The company also hinted at a possible future exit, suggesting a strategic move toward a sale or IPO.
Akka announced that it has sold its stake in AI startup Anthropic in a private secondary transaction, achieving a four‑fold net return for its investors after accounting for fees and taxes.
German content‑infrastructure startup Contentful was bought by US cloud giant Salesforce for about €1.55 billion, marking a major exit for the Berlin‑based company.
Oneplus, the mobile phone company founded by Swedish entrepreneur Carl Pei in 2013, is reportedly planning to shut down its operations in the United States and Europe, according to Bloomberg.
Rentalify, described as ‘Airbnb for photo and video equipment,’ will cease operations starting August 15.
Favro, a Swedish SaaS company based in Uppsala, was declared bankrupt after a failed investment in Lithuania. The company had raised over 40 million SEK in venture capital. Founder Patric Palm plans to repurchase the business.
Filip Tysander, founder of Daniel Wellington, has sold all his shares in the company he founded in 2011, marking the end of his journey with the global e-commerce success story.
Bending Spoons, an Italian software company, achieved a $26 billion valuation after going public. The company specializes in acquiring mature applications (e.g., Evernote, WeTransfer) and transforming them through AI-driven optimization, cost reduction, and operational streamlining. It has identified over 1,000 potential acquisition targets, leveraging AI to automate development and reduce workforce redundancies.
IQM Quantum Computers, a Finland-based quantum computing company, became the first European quantum tech firm to go public, listing on Nasdaq and the Helsinki Stock Exchange. The IPO included €127 million in PIPE financing, with Tesi as a lead investor. The company, founded in 2018, has raised €475 million total funding and operates quantum systems for global clients.