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Wellstreet Journal - 1 / 2024

Welcome to the latest edition of the Wellstreet Journal – your gateway to inspiration and updates on our latest ventures and portfolio progress. In this edition we share a new investment announcement, our latest portfolio updates and much more.
Published:
February 16, 2024
reading time In Minutes:
5
Wellstreet Journal - 1 / 2024

Hello friends,

Hope you’ve had a good start to 2024 and welcome to the latest edition of the Wellstreet Journal – your gateway to inspiration and updates on our latest ventures and portfolio progress. It's been a busy start of the new year for both the Wellstreet team and our portfolio. Grab your coffee or tea and enjoy the latest updates and insights!

Cheers,
Team Wellstreet

Portfolio Highlights.

Wellstreet Ventures News.

Wellstreet Fintech News.

New investment announcement - Welcome Lesslie!

We are thrilled to announce that fintech disruptor Lesslie has joined the Wellstreet Fintech Fund I portfolio! After 500% growth in 2023, Lesslie secured 18M SEK in an oversubscribed investment round led by Wellstreet to bolster its automated accounting and administration leader position. Lesslie helps SMEs by efficiently reducing exchange costs and bank charges and simplifying accounting for foreign payments and currency exchanges. The round also includes participation from Quinary Investment AB, David Craelius (Klarna ex-CTO), and Erik Seifert (Swish ex-Chairman).

In other news:

Wellstreet News.

🛎️ Wellstreet & Insights

What lies in store for the VC and Startup landscape this year? Jessica and Evelina shared their insights and new year's predictions.

Moreover, we’ve been sharing stories of those who've played pivotal roles in shaping Wellstreet on our website. Discover more about Jess, our Partner and Fund Manager.

In our ongoing commitment to fostering inclusivity and diversity, we recently shared a guide to writing a DEI policy.

🛎️ Wellstreet in Media

Evelina was interviewed by Sifted about exit trends and strategies in the VC industry. She also covered the same topic in her 2024 predictions with Breakit, outlining what the future holds for both the industry and Wellstreet.

Armando talked to Realtid about the categories of fintech companies primed to seize opportunities and propel industry advancement. On the Marknaden podcast, he discussed the fundraising climate for unlisted companies and the “AI rush” in the VC industry.

🛎️ Community & Events:

Evelina and Jess had a fireside chat with Startup Grind about the VC industry, AI trends, the practical implementation of ESG in early-stage investing and all things Wellstreet.

The Wellstreet team had an inspiring few days in Gothenburg during GoWest. We enjoyed the insightful conversations, both on and off the stage!

Here's where you'll find us in the coming weeks:

  • WiB Gala (Feb 19)
  • TechArena (Feb 22-23)
  • Shape the Future of Board Work With Us - by Wellstreet & deb. (March 8)

Food for thought.

US antitrust inquiry targets OpenAI and Anthropic's deals with Big Tech, Reuters

Meta will let EU users unlink their Instagram, Facebook, and Messenger info ahead of DMA, The Verge

[Simply explained] Full overview of the EU textile strategy and regulations, Carbonfact

EU pushes to shield deeptech startups from Chinese takeovers, Sifted

ECB Officials Converge Around June to Start Cutting Rates, Bloomberg

⬥ On the importance of an exit plan: I regret selling my startup, Nothing easy about this

ChatGPT is violating Europe’s privacy laws, Italian DPA tells OpenAI, TechCrunch

Job opportunities.

⬥ Aura Cloud: Business Analyst / Platform Functional consultant

⬥ Enable Banking: Technical Support Specialist and Junior Software Engineer, API integrations

⬥ Future of Retail: Financial Manager

⬥ ICANIWILL: Content Creator Consultant

⬥ Lesslie: Account Manager and Customer Success Manager

⬥ Maintract: Senior Fullstack Developer/CTO

⬥ Waytobill: Senior Frontend developer and Senior Java Software Engineer

Just one more thing! Are you looking for an office space for your company? Come sit with us at The Factory, in our coworking space, in a room of your own, or on your own floor! Read more here and contact our Head of Hubs, Amanda Livh, at amanda [@] wellstreet.vc to know more.

That’s all from us for now! 👋

The Wellstreet Team

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