Digital Lock System Startup Accessy Acquired by Hydda
Hydda, a leading proptech in Sweden platform, has announced the acquisition of Malmö based Accessy, a digital lock system startup. Backed by prominent real estate companies such as Vasakronan, Castellum, and Fabege, this strategic move aims to enhance Hydda’s service offerings and solidify its position as a leader in smart property services across Europe. Accessy’s […]
Visma Launches Acquisition Offer for Penneo at a over 100% Premium
Norwegian Visma, a leading provider of business-critical software in Europe and Latin America, has announced its intention to acquire Penneo, a Danish B2B SaaS company specializing in digital signatures and Know Your Customer (KYC) workflows. The voluntary cash offer of DKK 16.50 per share values the company at a 109.9% premium to its closing price […]
No-Code Startup SinCode AI: From Bootstrapped Beginnings to Exit to HubSpot’s Dharmesh Shah
SinCode AI, the Malmö-based startup founded by Hugo Rosensköld Stengert and Jack Österberg, has been acquired by Dharmesh Shah, co-founder of HubSpot, marking a significant milestone for the young entrepreneurs. Launched in December 2022, SinCode AI rapidly grew to attract nearly 650,000 users before securing the attention of one of the world’s top CRM leaders. […]
Normative Acquires Eivee to Strengthen Carbon Accounting in the Nordics
In an expansion of its carbon accounting capabilities, Normative announced today its acquisition of Copenhagen-based startup Eivee, a leading provider of carbon accounting solutions in Denmark. The transaction terms were not disclosed, but this move solidifies Normative’s standing as a strong carbon accounting firm across the Nordics, EU, and UK. “Joining Normative opens up exciting […]
Muninn Acquired by Logpoint to Strengthen AI-Driven Cybersecurity Solutions
Muninn, founded by Andreas Frederik Wehowsky and Lars Thrane in 2016, has been acquired by Logpoint, marking a significant milestone for both companies. Backed by Summa Equity, Logpoint is on a mission to become a leading European cybersecurity powerhouse. The acquisition positions Muninn’s R&D labs to continue as part of Logpoint’s Labs, with plans for […]
Fintech Startup November First Acquired by Visma to Strengthen Payment Solutions for SMEs
Earlier this month Visma announced their acquisition of November First, a Copenhagen-based fintech company specializing in payment solutions for small and medium-sized businesses. The deal follows years of collaboration, with November First powering the Smart Pay function in Visma e-conomic, allowing businesses to automate supplier payments directly through their accounting software. Founded in 2016 by […]
GetAccept Sees Revenue Rise to over € 10 million
SaaS startup GetAccept, founded in Malmö and prominent in the local startup ecosystem, reported a net revenue of € 11 million (SEK 128 million) for 2023, marking an 18% increase compared to the previous year. The startups pre-tax loss also improved a lot, narrowing to € 2.4 million (SEK 27 million) from € 3.4 million […]
Orbital Systems Sees 94% Revenue Growth in 2023 as Global Expansion Continues
Malmö-based smart water solutions startup Orbital Systems has reported a impressive 94% increase in net revenue, reaching € 14 million (SEK 156 million) for 2023, as reported by Swedish Tech News. Despite a pre-tax loss of € 9 million (SEK 102 million), this marks an improvement from € 11 million (SEK 126 million) in 2022. […]
NIL Technology to be Acquired for Over € 250 million by Taiwanese Company
NIL Technology (NILT), a nanotech startup founded in 2006 by DTU PhD students Theodor Nielsen and Brian Bilenberg, has announced a deal with Taiwan’s Radiant Opto-Electronics in a deal worth over € 250 million (over 2 billion DKK). This acquisition is part of Radiant’s strategy to diversify beyond its traditional display business into high-growth optical […]
Emini Joins Forces with Intelliplan in Strategic Acquisition
Danish startup Emini has during the summer been reported to have been acquired by Swedish Intelliplan, a leader in business systems for staffing agencies. This move marks a new step for Emini as it integrates into a broader Nordic market leader, enhancing its capacity to deliver innovative staffing solutions. Founded by Niels Wedenborg, Emini is […]