Swedish investment fund Industrifonden, the biggest shareholder of digital reading platform Nextory, said it was very satisfied with the company’s sale, which is estimated to have been valued at around 150 million SEK.
Breakits’ Julia Lundin summarises the latest Swedish e‑commerce news, covering Ideal of Sweden’s brand refresh, Lis Bonne Atelier’s financial strain and the bitter crash of Zoofabriken which filed for bankruptcy.
Swedish e‑sports platform E‑Go, which raised multiple millions to create a fan platform, has gone bankrupt, impacting a Swedish VC investor.
Zoofabriken, a Swedish online pet‑supplies retailer linked to Samuel Wennberg, has applied for bankruptcy due to delivery failures and customer dissatisfaction.
Swedish space‑tech startup Hydromars, which aimed to develop technology for extracting water on Mars, has gone bankrupt, leaving nearly 2,000 small investors without their money.
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.