Dinero – Sell side: Undisclosed amount

Tofte & Company – Dinero sold to Visma

We are proud and happy to announce that Dinero, the most intuitive accounting program in the World, has been acquired by Visma, which is recognized as the leading accounting software provider in the Nordics.

Dinero has from the offset been building their product for the customer, aiming at making life easier for the many entrepreneurs eager to spend time on developing their business rather than doing administrative tasks. The company was established in 2012 and has of today more than 110,000 registered users.

“It has been a big pleasure working with Tofte & Company. They have relentlessly been working on the process and delivered the deal we wanted. I am extremely impressed by their deal making skills,” says Martin Thorborg, CEO of Dinero.

“I am delighted to have had the opportunity to work with Dinero. They have build a world-class product and you immediately sense their uncompromising prioritization of the needs of their customers as they develop business and product. I am deeply impressed by the work of Martin and his team,” says Thomas Tofte, Managing Partner of Tofte & Company.

The acquisition is part of the strategy of Visma to deliver the best accounting and business solutions to all small and medium-sized businesses in Denmark. “Dinero has been through an impressive development and has made a fantastic accounting program that makes it extremely easy for smaller businesses to handle their bookkeeping,” says Mads Rebsdorf Director of Visma Software in Denmark.

About Dinero:

Dinero is an online accounting program enabling users without prior qualifications to do the bookkeeping themselves. Since formation in 2012 Dinero has been experiencing a very aggressive growth and high user satisfaction. The company was founded by serial entrepreneur Martin Thorborg and David Andersen.

Happy Helper – Private Placement: Undisclosed amount

Tofte & Company – Happy Helper receives capital to fuel its expansion

We are proud to announce that the leading Danish online platform for on-demand home services Happy Helper has raised an undisclosed amount from an undisclosed investor.

“The whole process with Tofte & Co was very smooth and with good business karma. We were quickly presented for relevant investors and closed our round within 4 weeks of our first meeting! Sasja was an extremely competent negotiator and a really nice person too,” says Adam Sebastian Sheikh Hjorth, Co-founder and CFO at Happy Helper.

About Happy Helper:
Happy Helper is the leading Danish online platform for on-demand home services, connecting individuals looking for home cleaning services with top-quality, pre-screened independent cleaners – or as we call them “helpers”.

With a easy 60-second booking process, secure payment, and a 100% money-back guarantee, Happy Helper is the easiest, most convenient way to book a clean.

Addifab – Debt financing: Undisclosed amount

Addifab receives funding

AddiFab ApS – manufacturer of automated high-end 3D-printing systems – has closed an undisclosed round of debt financing. Proceeds from this round will be used to complete development and installation of the first Add-Line demonstrator at the company’s facilities with the involvement of beta customers, suppliers and collaboration partners.

Tofte & Company has provided diligent and valuable guidance in the process leading up to the financing. Introducing a new production paradigm requires very significant resources, and we are happy to tap into the knowledge and network of Tofte & Company as we continue to develop our business,” says Lasse Staal, CEO of AddiFab.

AirHelp – Private Placement: 12 mUSD

Tofte & Company – Airhelp closes 12 mUSD series A financing.

We are proud and happy to announce that Airhelp, the world-leading Air Passenger Rights company, has raised 12 MUSD in its series A funding from Khosla Ventures, YC Continuation Fund, Naval Ravikant, Evan Williams, Jimmy Maymann, U-Start and Vilhelm Hahn-Petersen.

The financing will help Airhelp accelerate its growth via investment in claims handling capabilities to harvest on the massive inbound claims intake the company is experiencing. The funding will also accelerate efforts in the various partner relations the company has entered into.

“The collaboration with Tofte & Company has been very satisfactory and a position is now reached where Airhelp can further accelerate its development,” says Henrik Zillmer, CEO of Airhelp. “With the series A investment we not only managed to secure funds for further growth but also important knowledge and network for our further expansion. It has been a pleasure working with Tofte & Co who have continuously impressed me with their ability to understand our business as well as their persistent support and impressive deal making skills to secure the funding.”

“I am very impressed by the traction and positioning Airhelp has obtained within their space. Henrik has persistently been pursuing his goal of creating the world´s leading Air Passenger Rights company and has in his journey shown remarkable execution skills,” says Thomas Tofte. “ I have never experienced a company with such an aggressive continuous growth – even after having reached scale and I can not wait to follow the journey as Airhelp continues to grow fueled by an amazing management team and a tier one investor group behind them”

 About Airhelp:
AirHelp is a Y-Combinator backed startup that helps travellers assert their legal rights and file for the flight disruption compensation they are rightfully entitled to under EU law.

Since its founding in 2013, Airhelp has helped over 900,000 passengers for a total of $85 million in flight disruption compensation for travelers worldwide. This makes AirHelp the world’s biggest company in its category.

AirHelp is live in 19 countries, offers support in 13 languages and employs 230 AirHelpers globally.

For more information visit www.airhelp.com

L.A. Media – Sell side: Undisclosed amount

L.A. Media, the second to none premium luxury magazine publisher in Denmark, has been sold by Tofte & Company

“I have considered selling my business for a couple of years, but selling a small business is a complex venture that involves several considerations. Enlisting a broker, accountant and an attorney as you proceed with your daily operations can be quite a job. The business sale will also require much of your time and probably one of the main reasons why many founders never get to that point.  Tofte & Company helped me build a solid plan and made the negotiations a success. I am very pleased with the journey and will continue to work with them, but now as an investor,” says Christian Friis Johansen, Founder at L. A. Media.

L. A. Media is such an interesting and well managed company with a portfolio of profitable magazines. On top of the traditional magazine business L. A. Media has unlocked a considerable growth potential through launch of its digital strategy this year. We saw the strong potential in this combination and found the right buyer,” says Sasja Dalgaard, Partner at Tofte & Company.

AllUnite – Private Placement: 1 mUSD

AllUnite raises 1 mUSD

Bringing the efficient tools of on-line marketing to the offline world the Adtech company AllUnite has raised 1 mUSD enabling it to bring the company to the next level. The mobile data driven platform for local shops is experiencing great traction and has signed up large retailers like Only, Levi’s and The Body Shop.

“It has been a pleasure working with Tofte & Company. Their experience within the fundraising area is second to none and we had great benefit of their advice throughout the process,” says Kasper Gevaldig, CEO of AllUnite.

“I am so excited to follow AllUnite on their continuous journey. This truly innovative company has a huge potential on the quest to change off-line marketing as we know it today,” says Thomas Tofte, Managing Partner of Tofte & Company.

About AllUnite:
AllUnite is a unique mobile first, data driven marketing platform which gives local shops capabilities such as retargeting, conversion tracking, performance based customer acquisition, passive customer profiling etc. which is normally only available to online shops.

Codeable – Debt financing: Undisclosed amount

 Codeable secures funding from several investors and loan from the Danish Growth Fund
Codeable.io, a leading global outsourcing marketplace for high quality WordPress projects, recently announced a share buyback from CAPNOVA and funding from several investors, including Automattic, the company behind WordPress.com and WooCommerce. As a part of the deal the company also secured a loan from the Danish Growth Fund.

In fewer than three years, Codeable has grown to be a leading global outsourcing marketplace for high quality WordPress projects.

Tofte & Co. has been a great partner in this process. Not only have they played a role in structuring a great deal for everybody involved, they have also played a significant role in helping us crystalize our strategy for the journey ahead,” says Per Esbensen, CEO of Codeable ApS.

Tofte & Co. are proud to have advised Codeable on the deal.

“It has been a quite amazing experience to work with Per Esbensen and team and see how they have managed to build a company that is truly loved by its customers,” says Rasmus Bøegh, Partner at Tofte & Co.

SOUNDBOKS – Private Placement: Undisclosed Amount

EXTREME SOUND WAVES ARE BEING BLASTED FROM THE NORTH!
SOUNDBOKS, the ​provider of the first designated outdoor LOUD-speaker just raised an undisclosed​ ​seed​ round. ​Investors include Peter Lyngdorf, Jacob Thygesen and a US-based Venture Fund. The team plans to use the funds to ​initiate production and increase awareness.

“It’s been a pleasure working with Tofte & Company. Their unique experience in business and dealmaking, has been of great value to SOUNDBOKS. Fit-for-entrepreneurs, Tofte & Company is always possible to reach and their entire team always gives its best and never misses a deadline, a meeting, or a deal. I am more than satisfied with Tofte & Company’s help in locking down our deal – they not only secured a great deal for us, but along managed to teach the team the fundamentals of fundraising while doing it – something to be complemented for, when working with first-time entrepreneurs,” says Jesper Theil Thomsen, Co-founder and CEO of SOUNDBOKS.

“Going from idea generation to product market fit within just 7 months is very impressive. SOUNDBOKS has recognized a consumer demand not being met in the market and by utilizing the team’s passion and knowledge to build portable speakers SOUNDBOKS is in a position to be​ the go-to brand for outdoor consumer audio. It is going to be exciting to follow SOUNDBOKS in the future ahead,” says Sasja Dalgaard, Partner at Tofte & Company.

CardLab – Series A Financing: 5.5 mEUR

We are proud and happy to announce that CardLab, the world-leading supplier of technology for powered smart cards, has raised 5.5 mEUR in its series A funding from Singapore based Scentan Ventures – a team of internet entrepreneurs, digital and finance veterans.

The financing will help CardLab accelerate its growth via investment in production capabilities to harvest on the massive inbound opportunities the company has experienced. The funding will also accelerate efforts in Japan, where the new partnership with Scentan Ventures will bring local expertise and network to bring the products of CardLab to the market.

“The collaboration with Tofte & Company has been very satisfactory and a position is now reached where CardLab can sign binding delivery contracts with more customers for development projects and larger production orders,” says Frank Sandeløv, CEO of CardLab.

“With the investment from Scentan we not only managed to secure funds for further growth but also important knowledge and network for our Asian expansion. It has been a pleasure working with Tofte & Company who have continuously impressed me with their ability to understand our business as well as persistent support in our efforts and their impressive deal making skills to secure the funding.”

“I am very impressed by the traction and positioning CardLab has obtained with their unique technology for producing convenient and secure smart cards,” says Thomas Tofte. “I have never experienced a company with such a massive inbound interest before and can not wait to follow the journey as CardLab continues to harvest on this pipeline with the expanded opportunities following the funding”.

About CardLab:

CardLab is a Danish company specialized in making ultrathin electronics for powered smart cards and thereby develop highly advanced plastic cards containing a full computer in the card. CardLab has created particularly strong security features to plastic cards basically eliminating credit card fraud by use of its unique technology within biometric fingerprint scan, dynamic magnetic stripes, Snap Switch, Jammer Switch etc. CardLab is selling both complete solutions and OEM solutions adapted to the customers’ needs.

CardLab plans to hire further employees during 2016 to be able to cope with the rising demand on CardLab products. Please see more on www.cardlab.com.

Truelinked – Capital Raise: 2.7mUSD

Truelinked has developed an online platform for recruiting, casting and networking within the classical music industry, and  with more than 1,400 artists and numerous art organizations subscribed to the platform, Truelinked is already the world’s largest online platform for vetted freelance artists.

On Truelinked.com artists all over the world can create profiles and promote themselves through video and audio files. They can search, share and recommend job openings mutually. Arts organizations get access to online casting tools and production planning. The complex search engine makes it possible to overview and identify the most relevant candidates among thousands of vetted professionals in no time. This makes it possible to service classical arts organizations of all sizes, budgets and artistic levels in one place. In this way, Truelinked limits the need for agents and intermediaries, who until now has functioned as gatekeepers between the two parties. Truelinked plans to use the investment on marketing efforts and further development of the platform.

“It’s been great to work with Thomas Tofte and Sasja Dalgaard on this round. In every phase of the process we have received extremely valuable advise and their unique insight in the tech start-up funding space and long experience with deal-making has certainly been a crucial ingredient in getting this deal finalized,” says Sune Hjerrild, CEO and Founder Truelinked.