We’re already well into 2009 and we can look back at a turbulent 2008 with a financial crisis, economic recession but also exciting company developments and new investments.

During 2008, we looked at around 400 companies eventually investing in 4 companies and now have 7 portfolio companies in our latest fund. The companies we invested in covered a wide range of technologies:

  • IPtronics (Denmark). A semi-conductor company founded by some of the people behind Giga that was sold to Intel for USD 1.25 billion in 2000.
  • Spotify (Sweden): An innovative and legal digital music service offering instant access to pretty much all music on the planet. The team is headed by serial entrepreneurs Martin Lorentzon (co-founder of TradeDoubler) and Daniel Ek (Skype, Stardoll).
  • Videoplaza (Sweden): Provides premium publishers with an ad server for video, specifically catering for the needs of well known online brands with high-quality web tv content and a proprietary sales force.
  • Xtract (Finland): A software company helping mobile operators and online advertisers create accurate and automated consumer profiles based on social interactions, behavioural and demographic data.

In addition to our new investments, we also made a pretty thorough exit-analysis where we have analyzed about 200 Nordic technology exits during the last 10 years. We’ll cover this study in more detail in a later post.