Spintop Ventures

Spintop Ventures is a venture capital firm based in Stockholm, Sweden, founded in 2009 by a group of experienced tech entrepreneurs and investors. The firm specializes in early-stage investments, focusing primarily on technology startups in sectors such as software, e-commerce, and software-as-a-service. With a strong network of successful entrepreneurs and institutional investors, Spintop Ventures has made over 35 investments in growing startups, successfully exiting from four of these ventures. The firm's investment strategy emphasizes the Scandinavian region, aiming to support innovative companies during their critical growth phases.

Isabel Nilson

Investment Manager

Finn Persson

Partner and Co-Founder

Erik Wenngren

Partner and Co-Founder

54 past transactions

Seven Stars

Seed Round in 2025
Seven Stars is a startup for creating captivating mobile games with a talented, diverse team.

Seven Stars

Seed Round in 2025
Seven stars specializes in IT consulting, recruiting, training, staffing, payrolling, and human resource services.

ReCarber

Seed Round in 2025
ReCarber is a Swedish impact start-up revolutionizing bio-energy carbon capture and storage (BECCS). ReCarber is scaling carbon removal by accelerating the commercialization, and financing of the infrastructure. The innovative platform simplifies the complex BECCS value chain, enabling faster project deployment and significant climate impact.

VISS.AI

Pre Seed Round in 2024
VISS.AI is an AI platform that focuses on creating accessible tools using LLMs and generative AI for technology solutions.

Tings

Seed Round in 2024
Tings is a mobile application that facilitates the organization, retention, and sale of unwanted recyclable and used goods. It operates as a circular economy platform aimed at extending the life of products by simplifying the processes of repair, refinement, buying, and selling. The app caters to users at any stage of ownership, offering features such as verified product history and automatic valuation. This approach not only promotes sustainable practices but also encourages consumers, dealers, and manufacturers to adopt a long-term perspective on product usage and lifecycle.

Zymego

Venture Round in 2023
Zymego develops solutions that relieve healthcare workers of administrative work while improving patient access to healthcare.

Elastisys

Venture Round in 2023
Elastisys is a Swedish company specializing in cloud-native security and automation, aimed at organizations that develop and operate software critical to society. It provides consulting services and managed services that enhance security and efficiency throughout the software development life cycle. Leveraging decades of research in distributed systems, high-performance computing, and cloud automation, Elastisys enables clients to implement secure applications that are both cost-efficient and responsive. The company's focus on open-source cloud technology helps organizations accelerate revenue while ensuring the reliability and safety of their software solutions.

IPRally

Series A in 2023
IPRally is a company that specializes in enhancing the patent business through an innovative AI platform designed to analyze and understand patent intricacies. With a team of five experts in patents, software, and artificial intelligence, IPRally utilizes historical patent examination data to train a neural network, mimicking the thought process of patent professionals. The platform offers rapid and precise evaluations of patentability, invalidation searches, and freedom-to-operate analyses. By employing a graph-based approach, it enables users to conduct advanced patent searches efficiently, addressing the complexities associated with navigating existing patents. This unique combination of AI and deep knowledge of patent processes positions IPRally as a valuable resource for businesses seeking to optimize their patent strategies.

Scrintal

Seed Round in 2023
Scrintal is a developer of a visual notebook application that facilitates the organization and connection of various media, such as readings, videos, and images. It provides a user-friendly knowledge management system that features automatic tagging and transcription, along with advanced artificial intelligence algorithms. This enables users to manage different document types effectively while promoting real-time collaboration. Scrintal aims to streamline the processes of thinking, writing, and sharing ideas, allowing users to construct insights seamlessly and intuitively.

Adway

Series A in 2022
Adway is a recruitment marketing firm focused on enhancing employer branding and improving the candidate journey through its automated platform. This platform generates tailored job and employer brand advertisements across social media, allowing organizations to attract top talent more effectively. By combining innovative technology with strategic consulting services, Adway helps clients identify, grow, and retain talent, ensuring a stronger talent inflow and enhanced brand presence. The company's goal is to become a leading provider of talent acquisition technology for large enterprises, enabling HR teams to concentrate on engaging quality candidates rather than managing resources.

Nomono

Seed Round in 2022
Nomono is a company that focuses on simplifying the recording, production, and collaboration processes for podcasters and broadcast journalists. Established in 2019 as a spinout from SINTEF Digital, Nomono develops both hardware and software solutions that enhance field recordings, allowing users to concentrate on storytelling without the burden of technical challenges. Their innovative platform includes wireless microphones and software that automates post-production editing, improving the overall listening experience. Nomono's technology supports object-based spatial audio, making it compatible with various formats from binaural to Dolby Atmos, thus catering to a wide range of industries, including virtual reality and immersive media. The company has received funding from several seed investors and research support from Norwegian institutions.

Acamp

Seed Round in 2022
Acamp captures the camper community's pent-up demand by digitising existing campgrounds in addition to creating new by letting local landowners and small businesses rent out unused land to anyone searching for a place to camp.

Univid

Seed Round in 2022
Univid is an online event management platform that simplifies the organization of virtual events, meetings, and webinars. It enables users to create engaging webinars in less than 60 seconds, offering features that enhance participant interaction without the complexity of traditional event systems. The platform allows hosts to easily launch polls, Q&A sessions, and live reactions while providing customizable branding options for session pages and communications. Univid's design is user-friendly, requiring no advanced technical skills, making it accessible for companies of all sizes, from startups to Fortune 500 firms. The platform focuses on delivering authentic networking experiences and meaningful engagement, with integrated tools that provide valuable insights and analytics. Additionally, it offers native integration with customer relationship management systems, such as Hubspot, ensuring seamless operations for users looking to enhance their virtual event experiences.

Nomono

Seed Round in 2021
Nomono is a company that focuses on simplifying the recording, production, and collaboration processes for podcasters and broadcast journalists. Established in 2019 as a spinout from SINTEF Digital, Nomono develops both hardware and software solutions that enhance field recordings, allowing users to concentrate on storytelling without the burden of technical challenges. Their innovative platform includes wireless microphones and software that automates post-production editing, improving the overall listening experience. Nomono's technology supports object-based spatial audio, making it compatible with various formats from binaural to Dolby Atmos, thus catering to a wide range of industries, including virtual reality and immersive media. The company has received funding from several seed investors and research support from Norwegian institutions.

Adway

Seed Round in 2021
Adway is a recruitment marketing firm focused on enhancing employer branding and improving the candidate journey through its automated platform. This platform generates tailored job and employer brand advertisements across social media, allowing organizations to attract top talent more effectively. By combining innovative technology with strategic consulting services, Adway helps clients identify, grow, and retain talent, ensuring a stronger talent inflow and enhanced brand presence. The company's goal is to become a leading provider of talent acquisition technology for large enterprises, enabling HR teams to concentrate on engaging quality candidates rather than managing resources.

Cambri

Series A in 2021
Cambri is a concept testing software designed to assist global brands in speeding up their innovation processes. The platform offers automated tools for effective concept creation and testing of products and services. Its features include product and service concept testing, idea screening, price optimization, packaging design, and brand and advertising analysis. By providing consumer insights, value propositions, and marketing communication support, Cambri enables innovators and startups to evaluate their ideas and make informed decisions, ultimately enhancing their product development strategies.

Crosser

Venture Round in 2021
Crosser specializes in the design and development of streaming analytics and integration software suitable for edge, fog, or cloud environments. The Crosser platform facilitates real-time processing of both streaming and batch data, supporting applications in industrial IoT, data transformation, analytics, automation, and integration. By offering real-time analytics and decision-making capabilities, the platform is particularly beneficial for enterprises in sectors such as healthcare, industrial IoT, and smart buildings. This technology helps organizations minimize cloud service usage and reduce bandwidth costs, enhancing operational efficiency and effectiveness.

IPRally

Seed Round in 2021
IPRally is a company that specializes in enhancing the patent business through an innovative AI platform designed to analyze and understand patent intricacies. With a team of five experts in patents, software, and artificial intelligence, IPRally utilizes historical patent examination data to train a neural network, mimicking the thought process of patent professionals. The platform offers rapid and precise evaluations of patentability, invalidation searches, and freedom-to-operate analyses. By employing a graph-based approach, it enables users to conduct advanced patent searches efficiently, addressing the complexities associated with navigating existing patents. This unique combination of AI and deep knowledge of patent processes positions IPRally as a valuable resource for businesses seeking to optimize their patent strategies.

PinMeTo

Funding Round in 2020
PinMeTo offers an online data management platform that helps chains and franchise businesses enhance their visibility across various search, map, and social media platforms, including major networks like Apple, Facebook, Google, and Instagram. The service simplifies the complex and often costly task of keeping business information updated on multiple platforms. By importing accurate business data into PinMeTo's software, organizations can automatically publish this information across all supported platforms, eliminating the need for outdated methods like Excel sheets. This integration allows businesses to create a robust local digital presence and strengthen connections with their customers efficiently.

Adnavem

Venture Round in 2020
Adnavem AB is a logistics technology company that operates a software as a service (SaaS) marketplace for container freight transportation. Founded in 2017 and based in Gothenburg, Sweden, along with offices in Frankfurt, Singapore, and Shanghai, Adnavem connects cargo owners directly with logistics suppliers, facilitating bespoke logistics solutions tailored to clients' needs. The platform offers various delivery options, including door-to-door, port-to-door, port-to-port, and door-to-port services. By enabling direct engagement between transport customers and suppliers, Adnavem enhances control, transparency in market pricing, and service performance. Additionally, the company emphasizes sustainability by providing real-time data and notifications, allowing clients to select environmentally friendly transportation choices and minimize carbon emissions.

Practio

Venture Round in 2020
Practio build digital health solutions that give consumers better access to quality healthcare services.

Dazzle Rocks

Series A in 2020
Dazzle Rocks is a mobile games development studio based in Helsinki. Founded by industry veterans, the team’s games connect global players through immersive social experiences and empower players to create and expand communities together (sandbox) in an evolving massive multiplayer online world (Social MMO). The game has been designed and built specifically to appeal to both East Asian and Western markets and also incorporates UI/UX elements that are female-friendly. The company’s massively scalable proprietary engine is easily adaptable to future games and supports virtual world building, virtual economy, spatially aware three-dimensional worlds and real-time, social communication and interaction during game play. The company’s first game is in beta testing and will be launched in the second half of 2020.

Worldfavor

Seed Round in 2019
Worldfavor is a developer of a sustainability information platform that enables businesses to share and access sustainability data globally. The platform connects organizations to exchange information on economic, environmental, and social sustainability, allowing them to manage and visualize their sustainability performance in a digital format. By providing a comprehensive solution for sustainability and compliance needs, Worldfavor helps businesses streamline their data collection and assessment processes, eliminating the reliance on manual spreadsheets and traditional software. The company's vision is to become a leading information platform for sustainable decision-making, facilitating collaboration and performance improvement across value chains.

Once Upon Publishing

Series A in 2019
Once Upon allows anyone to easily create professionally designed high-quality photo books. The app is being developed at a breakneck pace by the product's creative and design-focused team, with the goal of conquering the photobook market and becoming the obvious platform for memories.

Crosser

Series A in 2019
Crosser specializes in the design and development of streaming analytics and integration software suitable for edge, fog, or cloud environments. The Crosser platform facilitates real-time processing of both streaming and batch data, supporting applications in industrial IoT, data transformation, analytics, automation, and integration. By offering real-time analytics and decision-making capabilities, the platform is particularly beneficial for enterprises in sectors such as healthcare, industrial IoT, and smart buildings. This technology helps organizations minimize cloud service usage and reduce bandwidth costs, enhancing operational efficiency and effectiveness.

Donkey Republic

Venture Round in 2019
Donkey Republic enables cities to create a better quality of life, getting people on two wheels. We provide a flexible, reliable and open bike sharing platform that adjusts to the needs of the city, and integrates to rest of the public transport. We provide bike- and ebike sharing service using virtual or physical docking stations, for both short- and long term rentals.

LeaseCloud

Seed Round in 2018
LeaseCloud offers a completely digital customer journey for e-commerce and retail in its digital platform. It enables leasing as a payment method for B2B e-commerce by standardizing the workflow for leasing agreements. E-retailers get access to several leasing companies within one workflow facilitated through digital signing. LeaseCloud also takes care of the end of lease management. The end customers get better prices, greater freedom of choice, and the opportunity to shop on leasing directly in a webshop. LeaseCloud was founded in 2016 and is based in Stockholm, Sweden.

PinMeTo

Series A in 2018
PinMeTo offers an online data management platform that helps chains and franchise businesses enhance their visibility across various search, map, and social media platforms, including major networks like Apple, Facebook, Google, and Instagram. The service simplifies the complex and often costly task of keeping business information updated on multiple platforms. By importing accurate business data into PinMeTo's software, organizations can automatically publish this information across all supported platforms, eliminating the need for outdated methods like Excel sheets. This integration allows businesses to create a robust local digital presence and strengthen connections with their customers efficiently.

OneFlow

Venture Round in 2018
Oneflow is a company that specializes in AI-powered contract management software, designed to streamline the entire contract process from initiation to completion. The platform allows users to create, send, track, and electronically sign contracts online, facilitating a more efficient workflow compared to traditional e-signature solutions that focus solely on the signing phase. By automating various stages of contract management, Oneflow aims to simplify business operations for teams across different sectors. The company operates on a Software as a Service (SaaS) model, offering long-term subscriptions tailored to meet diverse customer needs and preferences.

Small Giant

Venture Round in 2018
Small Giant Games Oy, founded in 2013 and headquartered in Helsinki, Finland, specializes in developing mobile games, particularly in the role-playing genre. The company is known for its flagship game, Empires & Puzzles, which is designed for iOS and Android devices. Small Giant Games emphasizes the capabilities of small, skilled teams in game development, leveraging extensive experience in software engineering and graphic design. The games feature engaging characters, animations, and user-friendly one-touch controls, allowing for an enjoyable multiplayer experience. As of early 2019, Small Giant Games operates as a subsidiary of Zynga Inc.

Crosser

Seed Round in 2017
Crosser specializes in the design and development of streaming analytics and integration software suitable for edge, fog, or cloud environments. The Crosser platform facilitates real-time processing of both streaming and batch data, supporting applications in industrial IoT, data transformation, analytics, automation, and integration. By offering real-time analytics and decision-making capabilities, the platform is particularly beneficial for enterprises in sectors such as healthcare, industrial IoT, and smart buildings. This technology helps organizations minimize cloud service usage and reduce bandwidth costs, enhancing operational efficiency and effectiveness.

Pacemaker

Seed Round in 2017
Powered by its AI DJ technology Pacemaker provides a simple DJ mix creation and social consumption experience. And with its proprietary metadata file format the Recipe, they make DJ mixes an integrated part of revenue generating music services.

Flashnode

Seed Round in 2017
Flashnode Oy specializes in providing integration services that connect various business applications, both cloud-based and on-premise. The company's flagship product, Flashnode, facilitates communication between clients' software systems, enabling seamless data synchronization. It is particularly valuable for e-commerce businesses, allowing them to automate data flows between their web shops and other business applications. Additionally, sales organizations benefit by linking their CRM systems to other tools, enhancing access to customer data, while accountants can integrate their accounting software with clients' business applications. Flashnode serves a diverse range of sectors, including SaaS providers, CRM and ERP systems, payment processing, and logistics. Founded in 2014 and based in Jyväskylä, Finland, Flashnode aims to automate and optimize business operations for its users.

Freska

Venture Round in 2017
Freska is an innovative online home services company based in Finland, focused on transforming the traditional home cleaning industry in the Nordics. The company offers on-demand cleaning services through a user-friendly online platform and mobile app, allowing customers to select their preferred cleaning times and manage subscriptions easily. Freska emphasizes quality and reliability, ensuring that all its cleaners are skilled professionals who undergo a rigorous recruitment and onboarding process. By providing stable employment and fostering a supportive community, Freska not only meets the demands of its customers but also creates meaningful job opportunities in the cleaning sector.

Small Giant

Series A in 2017
Small Giant Games Oy, founded in 2013 and headquartered in Helsinki, Finland, specializes in developing mobile games, particularly in the role-playing genre. The company is known for its flagship game, Empires & Puzzles, which is designed for iOS and Android devices. Small Giant Games emphasizes the capabilities of small, skilled teams in game development, leveraging extensive experience in software engineering and graphic design. The games feature engaging characters, animations, and user-friendly one-touch controls, allowing for an enjoyable multiplayer experience. As of early 2019, Small Giant Games operates as a subsidiary of Zynga Inc.

Pacemaker

Seed Round in 2016
Powered by its AI DJ technology Pacemaker provides a simple DJ mix creation and social consumption experience. And with its proprietary metadata file format the Recipe, they make DJ mixes an integrated part of revenue generating music services.

Reclaimit

Venture Round in 2016
Reclaimit AB, founded in 1999 in Piteå, Sweden, specializes in return administration system solutions for retail, e-commerce, and omnichannel businesses. The company offers a comprehensive customer return-management service that automates the entire return process for e-commerce companies and physical stores. Additionally, Reclaimit provides a web-based IT system designed to manage service and repair requests, particularly in the home electronics sector within the Nordic region. This system connects various stakeholders, including sellers, service shops, producers, insurance companies, and consumers. Furthermore, Reclaimit's RMA system addresses crediting and return issues for low-cost products in the home electronics and white goods industries. The company, previously known as ETTnoll Design AB, is committed to enhancing customer satisfaction through efficient and cost-effective processes in aftersales services.

PeN Chat

Seed Round in 2016
An Instant Social Messaging App - Search Google Play, type Pen Chat Calls for Free

Flashnode

Seed Round in 2015
Flashnode Oy specializes in providing integration services that connect various business applications, both cloud-based and on-premise. The company's flagship product, Flashnode, facilitates communication between clients' software systems, enabling seamless data synchronization. It is particularly valuable for e-commerce businesses, allowing them to automate data flows between their web shops and other business applications. Additionally, sales organizations benefit by linking their CRM systems to other tools, enhancing access to customer data, while accountants can integrate their accounting software with clients' business applications. Flashnode serves a diverse range of sectors, including SaaS providers, CRM and ERP systems, payment processing, and logistics. Founded in 2014 and based in Jyväskylä, Finland, Flashnode aims to automate and optimize business operations for its users.

Pacemaker

Seed Round in 2015
Powered by its AI DJ technology Pacemaker provides a simple DJ mix creation and social consumption experience. And with its proprietary metadata file format the Recipe, they make DJ mixes an integrated part of revenue generating music services.

Modcam

Seed Round in 2015
Modcam specializes in intelligent computer vision applications, focusing on video content analytics. The company develops compact sensors equipped with built-in video analytics to track individuals in retail environments and office spaces. Utilizing advanced image processing technology, Modcam's platform allows for the anonymous monitoring of visitor movements and profiles, offering valuable data-driven insights. This open and connected system can remotely deliver new applications to existing sensors, enabling physical stores and buildings to obtain real-time data on foot traffic and visitor behavior. Through its innovative solutions, Modcam empowers businesses to better understand and respond to customer dynamics.

Pacemaker

Seed Round in 2015
Powered by its AI DJ technology Pacemaker provides a simple DJ mix creation and social consumption experience. And with its proprietary metadata file format the Recipe, they make DJ mixes an integrated part of revenue generating music services.

Small Giant

Seed Round in 2014
Small Giant Games Oy, founded in 2013 and headquartered in Helsinki, Finland, specializes in developing mobile games, particularly in the role-playing genre. The company is known for its flagship game, Empires & Puzzles, which is designed for iOS and Android devices. Small Giant Games emphasizes the capabilities of small, skilled teams in game development, leveraging extensive experience in software engineering and graphic design. The games feature engaging characters, animations, and user-friendly one-touch controls, allowing for an enjoyable multiplayer experience. As of early 2019, Small Giant Games operates as a subsidiary of Zynga Inc.

Strossle

Venture Round in 2014
Strossle AB is a media technology company based in Stockholm, Sweden, founded in 2008. The company operates a platform designed to assist publishers in optimizing content distribution and personalizing user experiences through machine learning. By recommending articles, videos, and native ads tailored to individual interests across various categories, Strossle enhances audience engagement and helps publishers attract new users. The platform enables publishers to showcase their best-performing content within Strossle's extensive network and offers native advertisers increased reach in premium environments. Since its inception, Strossle has experienced significant growth and now has offices in several European cities, including Malmö, Oslo, Copenhagen, Amsterdam, Madrid, Bratislava, Budapest, and Helsinki. Originally known as Saplo AB, the company rebranded to Strossle AB in September 2015 to reflect its evolving mission in the media landscape.

MariaDB

Series B in 2013
MariaDB is a cloud database company that specializes in providing next-generation database solutions. Its products have been widely adopted, reaching over a billion users through various Linux distributions and accumulating more than one billion downloads. MariaDB serves a diverse range of industries and use cases, operating primarily within the Software-as-a-Service (SaaS) sector. The company has a global presence, with significant revenue generated from the Americas, as well as operations in EMEA and APAC. To ensure the continuity and collaborative spirit of the MariaDB ecosystem, the MariaDB Foundation plays a crucial role in supporting the community and maintaining the reliability of MariaDB Server.

Verifyter

Venture Round in 2013
Verifyter AB, founded in 2010 and based in Lund, Sweden, specializes in developing and marketing PinDown, a software tool designed for automating the detection and analysis of test failures in both software and hardware. The PinDown platform streamlines the debugging process, allowing for efficient identification of bugs and facilitating regression test automation. By automating these diagnostic tasks, Verifyter aims to alleviate the burden on engineers, enabling them to focus on more complex and innovative projects rather than manual debugging efforts. The company's technology supports mass analysis of multiple test failures across various version control repositories, significantly enhancing productivity in development organizations.
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