2 HOT STARTUPS TO WATCH!

We are happy to announce that Feast – the recent venture of Jakob Nordenhoff Jønck (former Myfitnesspal and Endomondo) – has now closed its financing round enabling Jakob to repeat his high viral growth success within the area of digital cook books. The venture is currently in stealth mode.

Realfiction recently closed its funding round securing the necessary funds to exploit the commercial opportunities gained on its unique true 3D display system. The venture is headed by Clas Dyrholm and pioneering holographic video displays.

WoolSpire – Private Placement

Esben Gadsbøll, co-founder of Scandinavia’s largest online white goods retailer – WhiteAway – and Jeppe Michael Jensen former CEO of Billetlugen are the experienced co-founders of Woolspire. With a recently closed funding round the company is now well positioned for further growth and consolidation.

Jeppe

“The deal experience and ideas on the pitch the team from Tofte & Company brought to the table have been key in the process,” says Jeppe Michael Jensen.

“We are proud to be working with such an experienced team and we are confident that this is a new ecommerce flagship in the making,” says Tofte & Company partner Rasmus Bøegh Danielsen.

Woolspire is offering a unique community and ecommerce universe for knitters and crocheters across the globe and the company is the leader in its category. With the latest in patterns and yarn and some of the best bloggers in the space Woolspire is providing a unique service offering within this segment.

Tradeshift – Secondary Placement of 5 mUSD

5 million USD is the amount Tofte & Company managed to raise in a secondary placement for TradeShift in February 2014.

We are proud to be part of this transaction, and we are proud to be the preferred transaction advisory to TradeShift.

ItemBase – Private Placement of 4 mUSD

ItemBase receives 4 million USD in private placement. 

Tofte & Company has managed to raise, and be involved in, the transaction of a private placement of 4 million USD for ItemBase in December 2014.

ItemBase is experiencing substantial growth and we are very excited to see where ItemBase will be just a few years from now! The scalability and value-adding nature of this enterprise looks very promising going forward. We are proud to be there during their entire journey.

Our story so far

TEAM

Tofte & Company was established to provide a professional and experienced service for IT companies looking for financing or buyers. We wanted to provide an efficient 360° service from initial lead contact to money in the bank.

With experience of more than 330 transactions with IT companies, 11 years as investor/buyer and an extensive network within the business angel and VC community, we seem to have found the right cocktail of operational, financial and legal expertise. We are now growing at a rapid rate.

We are proud and humble to be working with some of the best entrepreneurs and founders, and we are working hard to deliver on the trust given to us.

We are also honoured by all the investors showing an interest in the cases we bring to the market and hope that you will earn a lot of money investing into our mandates.

DESCRIPTION

SINCE AUGUST 2013 LAUNCH

Total Amount Raised Approximately $80 million
Total Amount of Clients 15 so far, full list available here

CLIENT NEWS

Tofte & Company has advised Tradeshift on a capital injection of $75 million to expand into Asia. The investment from Scentan Ventures gives Tradeshift a key partnership in the region. For potential opportunities on secondaries, please contact us. Read the full article here.

With Tofte & Company as advisors, CapitalAid completed its initial funding round raising over €2 million. The company, described as a ‘$3 billion factoring business’, has a partnership with Tradeshift to work with the electronic invoicing platform. Read the full article here.

AirHelp, who were part of the winter contingent of Y Combinator, recently took part in the famous demo day. With a strong media following, AirHelp’s business has consistently been ranked as one of the top 5 Y Combinator companies. Read the TechCrunch coverage here.

The following is a list of clients who are currently seeking investments and have their investor materials online;

CLIENTS SEEKING INVESTMENT

AirHelp is helping consumers who have been on the receiving end of delayed or cancelled flights to fight for their compensation. Also a graduate of the Y Combinator 2014 winter class.
itembase is creating an even playing field by automatically extracting information from consumer purchases and aggregating the data. This benefits the web shops signed up, enabling them to compete against business models of giants like Amazon.
The Search Party is changing the face of recruitment. They have taken the recruitment process on-line as a market place and created a time-efficient and cost-efficient recruitment process, benefitting both employers and recruiters. With offices in London and Sydney, they are expanding fast.
Capital Aid is a new innovative provider of capital to small and medium-size businesses trading on electronic invoicing networks. Why should you have to wait to get paid for an invoice? Capital Aid has secured the right to offer financial services for a GBP 40 billion spend of invoices.
OpenXO is a one-stop solution giving networking power to your brand, business or location. Engage over Wi-Fi to receive deep knowledge about your audience, develop relations, drive sales, and enjoy brand exposure and endorsement.

AirHelp – Private Placement of 4 mUSD

4 million USD to be raised in a private placement for AirHelp

Tofte & Company have been with these guys from the very beginning, and we are excited to see the interest from so many investors already.

The private placement of 4 million USD was sourced and executed via Tofte & Company. We are looking forward to see where these guys will go, and we are proud to be their preferred deal partner during their journey.

Cylindo – Private Placement of 1 mUSD led by Scale Capital

Product visualization startup Cylindo has raised 1 mUSD in new funding that will help Cylindo (which now has offices in both Copenhagen and San Francisco) expand in the United States — and eventually, expand beyond furniture. The new funding was led by Scale Capital, with participation from LiteCap and CommerceVC.

Janus

“Tofte & Company was unrelenting in their assistance to our fundraising efforts and their great deal structuring experience enabled us to put a great deal together for everyone,” says Janus Jagd founder and CEO of Cylindo.

“I have seldom seen a more superior product offering than the Cylindo suite and I can not wait to see the commercial traction this funding will enable them to achieve,” says Thomas Tofte, managing partner of Tofte & Company.

Cylindo offers immersive visualization software, state of the art 3D content creation and cloud-based deployment. They help the furniture industry take maximum advantage of today’s most advanced technologies that translate directly into increased sales and enhanced brand image.

Tradeshift – Private Placement of 75 mUSD led by Singapore’s Scentan Ventures

75 million USD is the amount Tofte & Company managed to raise in a private placement for TradeShift in February 2014.

We are proud to be part of this transaction, and we are proud to be the preferred transaction advisory to TradeShift.

AirHelp – Private Placement from Business Angels

A group of business angels from the Tofte & Company network, have invested 400,000 USD in AirHelp

The first transaction so far for AirHelp, but most likely not the last! Tofte & Company have been with these guys from the very beginning, and we are excited to see the interest from so many business angels already. The private placement of 400,000 USD was sourced through the extensive network within Tofte & Company. We are looking forward to see where these guys will go, and we are proud to be their preferred deal partner during their journey.

BioPorto Diagnostics – Public Rights Issue of 12 mUSD

Public Rights Issue of 12 million USD to BioPorto Diagnostics.

Tofte & Company has been involved in this transaction from day one, and we are proud to say so!

BioPorto Diagnostics A/S is an in-vitro diagnostics company that provides healthcare professionals in clinical and research settings a range of diagnostic tests and antibodies. Their pioneering product portfolio includes assays for underserved disease states such as NGAL for acute kidney injury. They sell our products in more than 80 countries through diverse sales channels and partners. BioPorto has its headquarters in Copenhagen, Denmark and is listed on the NASDAQ OMX Copenhagen stock exchange.