Rite Ventures

Rite Ventures is a Swedish venture capital firm focusing on early to mid-stage companies within the IT services, software as a service, and e-commerce sectors in Sweden and Finland. It invests between €1 million to €20 million, typically €2 million to €5 million, in companies with turnover between €3 million to €20 million. Rite Ventures seeks active involvement in portfolio companies to drive growth and expansion.

Sandra Backlund

CFO

Christoffer Häggblom

Founder and Managing Partner

Michael Richter

Partner

Josephine Salenstedt

Partner

Past deals in Sweden

Grönska

Venture Round in 2021
Grönska is a young, Swedish tech-company that develops technology for vertical farming, and grows and sells vegetables and herbs. Vertical farming that is based on the use of LED lighting and hydroponic watering systems. This method allows us to grow food indoors, locally and all year round. The reason we do this is to offer a sustainable, locally grown alternative to imported food and to enable more self-sufficient cities. Grönska was founded in 2014 and constructed the largest vertical farm in the Nordics in 2018.

Careium

Venture Round in 2015
Careium AB is a technology-enabled care company based in Sweden, focused on enhancing the safety, quality of life, and independence of seniors in various environments. The company provides a comprehensive range of solutions, including digital alarm systems, fall sensors, smoke and motion detectors, as well as accessories like cameras and electronic locks. Additionally, Careium offers robotic medication assistive devices and secure communication services with alarm response. The company's products are marketed in the Nordics, the United Kingdom, Ireland, and Central Europe, with a significant portion of its revenue generated from the Nordic region. Careium's commitment to innovation and quality positions it as a significant player in the senior care technology sector.

Mathem

Venture Round in 2014
MatHem is an e-commerce company based in Stockholm, Sweden, specializing in the online delivery of groceries and household consumables. Founded in 2009, it serves over half of Swedish households by providing a comprehensive online grocery store that includes a wide variety of products, ready-made grocery bags, and recipe suggestions. MatHem operates a user-friendly platform that streamlines grocery shopping and enhances the cooking experience through subscription plans and helpful tips. Deliveries are made seven days a week using temperature-controlled vehicles to maintain product freshness. The company's commitment to quality has earned it recognition, including awards for being the Grocery Website of the Year by a Swedish online magazine.

Modular Finance

Venture Round in 2014
Founded in 2013 by Petter Hedborg and Måns Flodberg, Modular Finance develops software for efficient gathering and analysis of financial data. Based in Stockholm, Sweden, the company aims to be a leading player in developing digital tools for the financial market.

Paradox Interactive

Venture Round in 2014
Paradox Interactive, a Swedish company, is a leading global publisher of PC-based strategy games. It is renowned for its extensive portfolio, including established franchises like Europa Universalis, Crusader Kings, Hearts of Iron, and Stellaris. The company develops and publishes these games, distributing them worldwide through platforms such as Steam, Apple, Google Play, and Sony stores. The United States is its primary revenue source.

Frank Dandy

Venture Round in 2009
Frank Dandy AB is a Swedish company founded in 2003, specializing in the design, manufacture, and sale of underwear for both men and women. In addition to its core underwear offerings, the company provides a range of leisurewear, beachwear, socks, and accessories. Known for its innovative and bold marketing strategies, Frank Dandy challenges traditional perceptions of underwear through stylish and patterned designs. The company operates stores in various countries, including Australia, Austria, Denmark, Finland, Germany, Norway, Russia, Sweden, Japan, Canada, and the United States, and maintains a robust online presence. Headquartered in Stockholm, Sweden, Frank Dandy also has offices in Denmark, Japan, Norway, Finland, and the Baltics, allowing it to effectively serve customers across Scandinavia, Europe, North America, and Japan.

24 Media Network

Seed Round in 2008
24 Media Network AB is a Stockholm-based company founded in 2007 that specializes in online media. It operates Nyheter24, an online newspaper that provides a diverse range of news content, including topics such as debate, sports, lifestyle, food, shopping, and fashion. By focusing on digital news delivery, 24 Media Network aims to engage a wide audience through its web portal, catering to various interests and preferences in contemporary media consumption.

Nyheter24-Gruppen

Venture Round in 2008
Nyheter24 Group is a prominent media house in Sweden, focusing on delivering timely and relevant news to a digital-savvy audience aged 15 to 44 years. Founded in 2008 by Douglas Roos and Patrik Sandberg, the company has established itself as the largest digital media entity in this demographic, attracting nearly 10 million visits to its websites each week. With a team of about 50 employees based in central Stockholm, Nyheter24 Group operates various online platforms, including Nyheter24.se, Dayviews, Modette, Hamsterpaj, and Fragbite, covering a wide range of topics from news to fashion and sports. The company's youthful and entrepreneurial spirit is characterized by a strong emphasis on creativity and digital expertise.
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