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Schibsted led a SEK162m funding round in Savr.

Financials

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Transaction Value£12m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Friendly

FinTech

Sweden

Cross Border

digital finance

Completed

financial services

Private

Acquisition

fintech

Single Bidder

Venture Capital

Minority

Private Equity

Synopsis

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Schibsted, an international media group, led a SEK162m funding round in Savr, an operator of a digital financial platform, with participation with Nordic Angels, Incore Capital, Ken Howery, Jacob De Geer and Magnus Nilsson. "With the additional capital and Schibsted’s competence, we are poised to continue revolutionising the Swedish savings market. Our goal is to become the market leader for long-term savings, so now we are investing heavily into building a full investment platform. We recently launched an offer for occupational pensions and stock trading will be our next big milestone," Daniel Aarenstrup, Savr CEO.

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