About Spintop Ventures
Spintop Ventures is a venture capital firm founded in 2009. It is primarily based out of Malmo, Sweden. As of Oct 2026, Spintop Ventures is an active investor, having invested in 63 companies, with 5 new investments in the last 12 months. It primarily invests in Seed round in Sweden based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to Consumer and High Tech. Most recently it participated in the $***** Series B round of Cachet Overall, Spintop Ventures portfolio has seen 3 IPOs and 8 acquisitions including key companies like Donkey Republic, MariaDB and Small Giant Games. A lot of funds co-invest with Spintop Ventures, with names like Almi Invest sharing a substantial percentage of its portfolio. Spintop Ventures has team of 12 people including 5 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Portfolio Acquisitions
Deals in last 12 months
Spintop Ventures' List of Top Investments
Spintop Ventures has a portfolio of 63 companies. Their most notable investments are in ReCarber and Once Upon.Their portfolio spans across Sweden, Finland, Norway and 5 more locations. They have invested in Enterprise Applications, Consumer, High Tech and 27 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Spintop Ventures:
Operator of a bike-sharing service providing short-term bicycle rentals. The company offers a mobile application to locate and unlock available bicycles. The bicycles can be picked up and dropped off at designated locations. The service aims to provide a flexible and sustainable transportation option.
Key facts about Donkey Republic
- Founded Year: 2012
- Location: Copenhagen (Denmark)
- Stage: Public
- Total Funding till date: $1.02B
- Employee Count: 150 as on Sep 30, 2026
- Investors: Nordic Makers, Danmarks Eksport og Investeringsfond and 12 Others
- Latest Funding Round: Post IPO, Apr 08, 2024, $*****
- Highlight: Public
2. MariaDB
Provider of dbaas platform for enterprises. It enables transactional applications to retain historical data and leverage real-time analytics to provide customers with information and insights. The platform supports transactional, analytical, and mixed workloads for relational and json data models. It supports columnar, distributed, MPP storage.
Key facts about MariaDB
- Founded Year: 2010
- Location: Redwood City (United States)
- Last Known Valuation: $*****
- Stage: Acquired
- Total Funding till date: $237M
- Employee Count: 400 as on Sep 30, 2026
- Investors: Kreos Capital, ServiceNow and 20 Others
- Latest Funding Round: Series D, Jan 31, 2022, $*****
- Highlight: Acquired
3. Hubert
Developer of an AI platform for automating customer service interactions. The platform provides tools for building and deploying conversational AI agents. These agents handle inquiries, resolve issues, and provide support across various channels. The system integrates with existing infrastructure to streamline workflows and improve efficiency.
Key facts about Hubert
- Founded Year: 2017
- Location: Stockholm (Sweden)
- Stage: Seed
- Total Funding till date: $2.92M
- Employee Count: 45 as on Sep 30, 2026
- Investors: Spintop Ventures, YES!Delft and 4 Others
- Latest Funding Round: Seed, Sep 01, 2025, $*****
- Highlight: Editors' Pick
Founded in 2013, Small Giant Games is a mobile game development studio with the first game titled Oddwings Escape released in 2015 for iOS and Android platforms. Has reportedly crossed 1 million downloads.The team has raised $3.9M in two rounds.
Key facts about Small Giant Games
- Founded Year: 2013
- Location: Helsinki (Finland)
- Stage: Acquired
- Total Funding till date: $50.6M
- Employee Count: 128 as on Sep 30, 2026
- Investors: EQT, Evli Growth Partners and 9 Others
- Latest Funding Round: Conventional Debt, Dec 20, 2018, $*****
- Highlight: Acquired
5. Oneflow
Platform offering contract lifecycle management software. It provides solutions such as contract creation, analysis, management, collaboration, esignature, and more. It includes built in templates that enable users to customize the contracts. It leverages AI that generates content for contracts. Its e-signature solution allows multiple parties to work collaboratively and manage the contract between two parties.
Key facts about Oneflow
- Founded Year: 2012
- Location: Stockholm (Sweden)
- Annual Revenue: $0 - $1M as on Dec 31, 2016
- Stage: Public
- Total Funding till date: $6.72M
- Employee Count: 156 as on Sep 30, 2026
- Investors: Spintop Ventures and 4 Others
- Latest Funding Round: Angel, Jan 23, 2020, $*****
- Highlight: Public
Spintop Ventures' Year-on-Year Investment Trends
Spintop Ventures has invested in 63 companies over the last 15 years, with an average of 4 new investments annually in the last 10 years. In 2025, it made 8 investments, while as of Oct 2026, it has made 4 investments in this year. Its most recent first time investment was in Cachet and most recent follow-on round was in EmbeDL.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 0 | 4 |
2025 | 7 | 1 | 8 |
2024 | 3 | 1 | 4 |
2023 | 2 | 1 | 3 |
2022 | 6 | 4 | 10 |
2021 | 4 | 1 | 5 |
2020 | 5 | 0 | 5 |
2019 | 4 | 1 | 5 |
2018 | 3 | 2 | 5 |
2017 | 3 | 3 | 6 |
Spintop Ventures' Investments by Stage
Spintop Ventures has made 30 investments in Seed stage with an average round size of $2.13M, 19 investments in Series A stage with an average round size of $3.72M and 1 investment in Angel stage with an average round size of $1.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 30 |
Series A | 19 |
Angel | 1 |
PE | 1 |
Post IPO | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Spintop Ventures' Investments by Sector
Spintop Ventures has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, High Tech and Media & Entertainment. Notably, it has invested in 56 Tech companies, 41 Enterprise (B2B) companies, 40 Software companies and at least 24 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 29 |
Consumer | 15 |
Retail | 7 |
High Tech | 5 |
Media & Entertainment | 5 |
Others | 46 |
Note: We have considered here, only first round of investments
Spintop Ventures' Investments by Geography
Spintop Ventures has made most investments in Sweden (34), followed by Finland where it has made 7 investments.Country | No. of Investments |
|---|---|
Sweden | 34 |
Finland | 7 |
Norway | 3 |
United States | 3 |
Denmark | 2 |
Others | 4 |
Note: We have considered here, only first round of investments
Spintop Ventures' recent investments
Spintop Ventures has made 4 investments in 2026 so far. Cachet and Solace Care are the latest among them.Here are the most recent investments by Spintop Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Oct 14, 2026 | Estonia | Series B | 5243 | [+1] | |
Aug 25, 2026 | Sweden | Seed | 7416 | ||
Aug 20, 2026 | Denmark | Seed | 3085 | ||
May 26, 2026 | Sweden | Seed | 2778 | [+5] | |
Nov 05, 2025 | Norway | Seed | 7108 | [+4] |
IPOs and Publicly Listed companies in Spintop Ventures' Portfolio
3 of Spintop Ventures' portfolio companies have become public. Oneflow got listed on the Stockholm Stock Exchange (STO), in Apr 2022 and Donkey Republic got listed on the National Association of Securities Dealers Automated Quotations (NASDAQ).Here are Spintop Ventures' portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 08, 2022 | Sep 18, 2018 | Seed | 1432 | |
May 28, 2021 | Apr 08, 2024 | Post IPO | 5101 | |
- | Mar 2015 | Series A | 3915 |
Acquired companies in Spintop Ventures' Portfolio
8 companies from Spintop Ventures' portfolio have been acquired. The most recent acquisition was LeaseCloud in Feb 2025 by 3 Step IT for $*****.Here are Spintop Ventures' portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Feb 18, 2025 | Feb 18, 2019 | Seed | 2943 | |
Sep 10, 2024 | Apr 18, 2012 | Series A | 8975 | |
Feb 14, 2024 | Jun 29, 2022 | Series A | 3326 | |
Mar 02, 2023 | Mar 2015 | Seed | 5314 | |
Jul 27, 2021 | Oct 19, 2016 | Series A | 4641 |
Team profile of Spintop Ventures
Spintop Ventures has a team of 12 members including 5 Partners and 2 Principals located in Sweden, United Kingdom and 2 more locations. Spintop Ventures' team sits on the board of 2 companies.Here is a list of top team members in Spintop Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | London | |||
Partner | Sweden | - | ||
Partner | Sweden | - | ||
Partner | Sweden | - | ||
Partner | Horsholm | - | - | |
Principal | Gothenburg | - | - | |
Principal | Lappeenranta | - | - |
Co-investors of Spintop Ventures
Over the past 15 years, 180 investors have co-invested in Spintop Ventures's portfolio companies. This includes funds and angels.
- Invested before Spintop Ventures: Europa, Sting and 52 others have invested in rounds before Spintop Ventures. There are 2 companies where Europa has invested before Spintop Ventures and 2 companies where Sting has invested before Spintop Ventures.
- Top Co-investors of Spintop Ventures: 83 investors entered a company along with Spintop Ventures. These include investors like Almi Invest (6 companies).
- Invested after Spintop Ventures: A total of 43 investors have invested in Spintop Ventures's portfolio after their investments. Top Investors include Europa (4 companies), EIC Fund (2 companies) and SEB (2 companies).
Recent News related to Spintop Ventures
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Solace Care Secures €2.1 Mn to Expand End-of-Life Support PlatformStartup Rise EU•Aug 26, 2026•Solace Care, Spintop Ventures
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Velatir Secures €5 Million in Funding to Fuel European AI ExpansionEU-Startups•Aug 20, 2026•Spintop Ventures, https://velatir.com, Ugly Duckling Ventures, Danmarks Eksport og Investeringsfond
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Tonada Raises €2.6 Million in Pre-seed Funding Round Led by AntlerStartup Rise EU•Jun 17, 2026•Antler, RTP Global, Spintop Ventures
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WeWillWrite Secures €2M Funding to Revolutionize Writing Education with AIEU-Startups•Nov 05, 2025•Wewillwrite, Skyfall Ventures, Spintop Ventures, Kahoot! and 1 other
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Stockholm’s Standab Secures €3.6 Million FundingStartup Rise EU•Sep 10, 2025•Standab, Almi, Spintop Ventures
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Copenhagen’s MEGA Raises €1.7 Million In Pre-Seed RoundStartup Rise EU•Sep 04, 2025•Mega AI, Spintop Ventures, MEGA
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Hubert Secures €2.5M to Accelerate AI Transformation in High-Volume HiringBenzinga•Sep 01, 2025•Hubert, Spintop Ventures, Hubert, Bonnier
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Swedish Embedl Secures €5.5 Million InvestmentEvertiq•Jun 25, 2025•EmbeDL, Fairpoint Capital, SEB, Spintop Ventures
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Seven Stars secures seed round, co-led by Spintop Ventures and Behold VenturesMobidictum•Feb 26, 2025•Seven Stars, Spintop Ventures, Behold Ventures, SISU Aesthetic Clinic and 8 others
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Finnish startup Seven Stars secures an investment from Spintop Ventures to transform the world of mobile gamingAin•Feb 25, 2025•Seven Stars, Spintop Ventures, Behold Ventures, Sisu and 1 other
