June 5, 2020

Danish HRtech startup, Good Monday, raise a EUR 3.7M pre-Series A to expand internationally (EU-startups)

The Denmark-based HR company focused on handling workspaces, has secured EUR 3.5M from Firstminute Capital, and existing investors Creandum, Seed Capital and Preseed Ventures. This brings the total capital raised to-date to EUR 6.2M.

The funding will be used to expand its services to London, further product development, and accelerate the mission to change the way companies run their offices.

In 2019, Good Monday’s revenues saw a 230% growth-spurt, and recorded a 430% jump in customer increase, eu-startups.com stated.

 

PE-backed EG acquires Norwegian Hano, an IT solutions provider for health and wellness (EG)

The software company EG has acquired another company, and again it is in Norway.

Hano has 3,500 customers and provides an online booking- and payment solution for hairdressers, as well as providing IT solutions to the health and wellness sector in Norway and Sweden.

The deal is EG’s fifth acquisition in the last 12 months, which includes the latest Norwegian deal from EG, when they acquired the software company Holte in March. According to ITwatch, EG are also still pursuing new acquisition opportunities.

Post acquisition, Hano will operate under EG Private

 

4-year-old Doctrin raise a EUR 8M Series B led by HealthCap and Swedbank Robur (Nordic9)

The Stockholm-based company, operating a B2B platform for digital physical healthcare services, announced the completion of a EUR 8M capital investment round. The round was led by existing investors HealthCap and Swedbank Robur. Capio is also an owner in the company.

The funding will be used to fuel product development and international expansion. Prior to this round, Doctrin had raised about EUR 13.3M.

 

Nordic IT services company NetNordic has acquired the Finnish IT company Suomen Konehuone (Computerworld)

Finnish Konehuone will be an integrated part of the NetNordic Group. Konehuone has a strong focus on modern hyperconverged solutions for datacenters and associated professional services.

“NetNordic has been present in Finland for ten years and has patiently waited for the right opportunity to acquirer a quality company with the right competence and culture that would be a good fit with us and also to enhance our industrial and geographical platform for further growth.” says Jarl Øverby – CEO of NetNordic Group.

With this acquisition NetNordic gains a strong position in the Finnish datacenter market, a platform for developing the business in Finland, and strengthens the groups capabilities in the Nordics.

 

Trapets, a Swedish RegTech company, sells 70% stake to PE firm Monterro. EV at EUR 30.5M (Mynewsdesk)

Software investor Monterro has acquired a majority stake in Trapets AB, a Nordic leading RegTech company.

Trapets provides a leading SaaS platform to combat financial crime and aid regulatory compliance. The company’s proprietary SaaS platform, InstantWatch, handles over 3 billion transactions every day and analyzes over 1 million patterns every second.

Monterro closed its third fund at EUR 238M in January 2019. In total, the firm manages EUR 410M.

 

Likvido secures DKK 18.5m to expand in the UK and Germany (Finans
Likvido has secured investments from the French venture fund Blackfin Tech and its existing investors.

Likvido was founded 2 years ago and provides a software solution for SMEs to help them automate sending, registering, and collecting of invoices. CEO Maximilian Frimmer states that their ambition is to become the leaders in Europe within the next 3 years.

Likvido is also backed by Vækstfonden and several business angels e.g. Penneo-investor Nikolaj Højer. Financials for 2019 are not published yet.

 

Tink receives strategic investment from PayPal on its 1-year anniversary of PayPal’s initial stake in the company (Ctfassets)

The California-based payment solutions provider PayPal’s investment amount was not disclosed, but its first strategic investment in Tink was made in June 2019.

The expanded relationship is supported by a second strategic investment from PayPal, carried out in connection to Tink’s latest EUR 90M investment round announced in January 2020.

Daniel Kjellén, co-founder and CEO of Tink, said “We are delighted to have the opportunity to extend our relationship with them following this new agreement and strategic investment. As Europe’s leading open banking platform, we are looking forward to continuing to support PayPal as they extend and enhance their services across the whole of Europe.”