Dear friends,
Welcome to the Wellstreet Journal!
Thank you so much for signing up to our newsletter. In this monthly round-up, we share news about what we're up to at Wellstreet, what’s going on in our glass fortress The Factory as well as some juicy updates from our portfolio companies!
We hope you've had a fantastic summer and are ready to hit the ground running in September!
What's Up?
🔔 Wellstreet made 3 new investments during the summer in Pensure, Anatomic Studios and Brink! ✨These are very different companies but all three bringing to their customers a truly disruptive offering with a laser focus on outstanding user experience, which makes them a great match for Wellstreet’s DNA.
🔔 We beefed up our team with some fantastic A-grade talent! Armando Coppola and Viktor Rask-Andersen. Armando joins us as a Partner, leading our investments in fintech and also heading up our Fintech Loft, our strategic collaboration with Amazon Web Services to support the growth of financial services startups in the Nordics. Viktor joins us as an Associate after graduating as a mechanical engineer from Chalmers and training at Danske Bank, KPMG and various startups.
🔔 We opened the Gym at the Factory and it looks awesome! We now have weekly team training sessions, and most of us are feeling the burn after the summer. 🏋️
FINTECH LOFT
We signed up some fantastic new partners for our Fintech Loft, including banks, fellow investors and service providers. Some of the organisations joining us are Nordea, Almi Invest, GU Ventures, Gothenburg’s School of Economics, Business and Law, Settervals and Nyca Partners.
Would you like to apply? Here's the link.
Portfolio Update
💰 Danads announced it raised 42M SEK million in new capital from, among others, Mellby Gård's CEO Johan Andersson, Hugo Stenbeck and Storytel billionaire Jonas Sjögren.
🤩 Read about Bambuser’s incredible journey over the last few months despite the Corona Crisis. During the second quarter of the year, their sales increased by 669 percent compared to last year, and the company signed up brands like Caia Cosmetics, Nakd, Lyko and Monki.
😮 Gamifiera released the initial results of the new customer club developed for Inet. During the first few weeks, customer engagement grew by 450 percent.
Don’t miss!
⬥ Last month we took a walk down memory lane and looked back on the journey of some of our alumni companies Regily and Tibber. 🙋
⬥ For those of you who are not yet so familiar with Wellstreet, check out our Founder and CEO Mikael’s story! 🏂💸
⬥ Read my interview with Unicorn Nest for a reminder of what we like to invest in and why 🦄
⬥ Check out CB Insights H1 2020 Retail Tech Report here, looking at the latest investment trends and the landscape post-Corona. 🛍️
