L.A. Media – Sell side

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.

Cliin – Private Placement of 2 mUSD

Tofte & Company – Danish robotic outfit company Cliin has raised 2 mUSD

“The combination of our innovative robotic concept and the expertise of the Tofte & Co​mpany team, made the usual fundraising challenge, go really smooth. Not only did Tofte & Company manage the financial negotiations in a highly professional manner but also managed to find a couple of fantastic investors, that shared the excitement around the concept that Cliin ApS will launch in 2017. The funds raised with the help from Tofte & Co​mpany enables us to realize or dream of bringing our product to market”, says Thomas Jørgensen, Founder & CEO of the new robotic outfit company Cliin ApS.​

About Cliin:
At CLIIN our ambition is to facilitate a paradigm shift in shipping companies approach to vessel cleaning. CLIIN is created by people with a profound experience from the shipping-, vessel coating- and high-tech industries. The company is headquartered in Copenhagen, Denmark, with a presence in major shipping hubs around the world.

AllUnite – Private Placement of 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 from Danish Growth Fund

 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 & Company 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 & Company 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 from US-based VC

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 of 5.5 mEUR from Scentan Ventures

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 of 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.

Linkfire – Private Placement of 2.6 mUSD

2.6 million USD was raised for Linkfire in a private placement carried out by Tofte & Company, in September 2015.

This super exciting, and promising startup, has a bright future ahead of it and we are more than proud to be their pereffered deal partner going forward. The team behind Linkfire has their focus an a solid niche within online deep-linking and the music industry and they aren’t afraid to move quickly!

We are looking forward to join Linkfire on their journey going ahead.

CONYAK – Private Placement

CONYAK, founded in the summer of 2014, is a Danish born global, located in central Copenhagen.

We have developed a unique way of mapping Internet users, which enables 100 % accurate cross-device retargeting including timing, and full frequency control for Advertisers across campaigns and devices.

The CONYAK solution makes it possible for Advertisers to target users in their purchase phase, on the best converting device, at the best suited time. On top of this, our frequency control across campaigns AND devices increases the ROI, as Advertisers are able to stop their campaigns when it is no longer converting.

Because this patented software is the first of its kind, the company is now expanding heavily, and have sales offices in Europe, Asia and the US (by 2015).

AirTame – Private Placement of 1.4 mUSD from SEED Capital

With a vision to change wireless screen sharing in businesses across the globe Airtame has just raised 1.4 million USD series A from the Danish investment firm SEED Capital and Libratone-founder Tommy Andersen. This investment comes after a record setting crowdfunding campaign where the company raised 1.3 million USD in just 60 days on Indiegogo.

“I am truly impressed by the traction of Airtame and can not wait to see them further unfold their potential in the future,” says Rasmus Bøegh Danielsen from Tofte & Company.

AIRTAME is a wireless HDMI dongle that enables users to display whatever they see on their Windows, Mac, Linux, iOS, Android or WP device on their TVs, monitors and projectors. Plug AIRTAME into any TV, projector or monitor, power it up through USB and wirelessly stream your computer screen. Nothing is plugged into the computer as AIRTAME utilizes the wifi network to work with the dongle. Airtame is optimized for business and prosumer use cases such as enhanced security and management capabilities.