Tibber changed the way the business model looks like in the industry they came into.
Tibber was one of Welltreet’s first investments, back in 2016, an investment made together with Norwegian tycoon Petter Stordalen. Tibber was at the idea stage and Wellstreet was part of shaping the company and its business model. In connection with the Founders Fund showing interest in Tibber, Wellstreet understood that the company had entered a new exciting phase in which they grew past Wellstreet’s ideal investment level. This led to an exit of the company in 2019, even though the investment company still believed in Tibber’s great potential. Thus, Wellstreet could concentrate on helping other companies achieve what Tibber was accomplishing while they could benefit from larger investors to support their scaling phase.
Tibber is now at the forefront of its industry, driving greentech innovation with backing from great investors such as aforementioned Founders Fund (Peter Thiel), Summa Equity and Schibsted. After exiting the company, the founders continued to contribute with one of the most valued aspects of Wellstreet’s investment – the knowledge that the portfolio builds through our network and programs.