Stockholm, 25 November 2016 – GP Bullhound and Northzone have won the 2016 award by the Swedish Private Equity and Venture Capital Association (SVCA) for the most socially beneficial investment, with their investment in Matsmart, the e-tailer of surplus and bargain grocery.
Fast-growing Matsmart.se, which specialises in selling soon-to-expire groceries in Sweden, has recently raised €3.7 million led by Northzone and GP Bullhound, following a previous investment of €3 million in 2015 led by Northzone, GP Bullhound and Edastra. The company’s current valuation is about €25 million.
Per Roman, Managing Partner of GP Bullhound said: “This award recognises the brilliance of Karl Andersson and Ulf Skagerström, Matsmart founders. Their fast growing business contributes to a more sustainable environment by reducing food waste. We are delighted to be of support as a long-term shareholder.”
The Swedish Private Equity and Venture Capital Association (SVCA) is an industry association for the private equity and venture capital industry in Sweden. The purpose of the association, founded in 1985, is to promote an efficient private equity and venture capital market in Sweden. The annual SVCA Awards recognise the companies who have made exceptional contributions in Private Equity in Sweden. The jury consists of SVCA’s sponsors, Swedish LPs, and SVCA’s CEO.
About GP Bullhound
As dealmakers in technology, GP Bullhound provides independent strategic advice on mergers and acquisitions and private placements to entrepreneurs, companies and investors. By combining a true passion for innovation with market leading access to global buyers and capital across Europe, US and Asia, GP Bullhound has completed transactions with many category leaders including Essence, Avito, Delivery Hero, Fjord, King Digital Entertainment, Pingdom, Innogames and Spotify. The firm was founded in London in 1999 and today also has offices in San Francisco, Stockholm, Berlin, Manchester and Paris. GP Bullhound Asset Management is the firm’s independent investment arm. It currently manages three funds, investing in high-potential and fast growing European technology businesses, from early stage to pre-IPO. For more information, please visit www.gpbullhound.com, follow on Twitter @GPBullhound or watch our video here