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Smedvig Capital led a $30m Series B round in Mavenoid.

Financials

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Transaction Value£25m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Cross Border

Sweden

Completed

Private Equity

Friendly

Private

Venture Capital

Software

software

Minority

Single Bidder

Acquisition

computing troubleshooting

Synopsis

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Smedvig Capital, a venture capital firm, led a $30m Series B round in Mavenoid, a hardware support platform, with participation from Creandum, Mosaic, Point Nine Capital, NordicNinja, ABB Technology Ventures, and SVB UK. “There are many support platforms out there, but in reality, you can’t fix a broken dishwasher using the same method as rebooking a flight. These funds will allow us to continue to invest in our cutting edge technology and AI, while also scaling our operations so we can empower more hardware brands with great support experiences," Shahan Lilja, Mavenoid Co-Founder and CEO.

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