The Gothenburg duo behind Ophena has drawn the attention of iZettle founder Jacob de Geer and designed products for Yves Saint Laurent. The company is now partnering with Danish investors to expand its glove offerings, marking a significant partnership milestone for the young horsetech startup.
Swedish sunglasses brand Chimi, after a costly restructuring with almost SEK 100 million in debt, secured a SEK 45 million capital increase to lower its liabilities, resulting in significant write‑downs for several creditors.
The new business world is moving. Here are the people who have just taken on new assignments – and those who are leaving. Each week Breakit collects the latest career jumps and board changes in a list.
Candela, a Swedish mobility startup focused on commercial public transport, appointed a new CEO and secured 320 million SEK in a recent large share issuance. While the latest figures show rising losses, the fresh capital is aimed at supporting the company’s expansion plans.
Swedish watch entrepreneur Filip Tysander, who sold Daniel Wellington, is now concentrating on his new sunless‑tanning brand Comis. Fresh numbers reveal that the company’s losses have shrunk and sales are booming after a strong year‑end.
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.
Swedish podcast platform Acast published its Q2 performance figures.
The successes continue to rain down on Josef Fares and his game studio Hazelight. The sole owner now treats himself to a massive profit distribution of 432 million Swedish crowns.
Swedish racket‑sports booking platform Matchi has merged with its Austrian rival Eversports, consolidating the two companies in the European market.
Terra Labs, originating from one of Sweden’s leading tech successes and supported by a heavyweight investor trio, has experienced a tenfold increase in its business. Its AI‑driven satellite imaging technology is now drawing interest from forestry companies eager to adopt the solution. The article highlights the company’s strong financial results and optimistic outlook.