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Swedish VC Wellstreet Introduces Fintech Fund with Anticipated Total of $40M

Swedish VC Wellstreet Introduces Fintech Fund with Anticipated Total of $40M
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The Swedish VC Wellstreet has announched a new FinTech fund

Sweden s Wellstreet launches $40m fintech fund

Swedish venture capital firm Wellstreet has pulled together a host of leading Nordic bankers and fintech players for a new $40 million fintech fund.

Sweden s self-serve advertising platform DanAds raises $5 million

Sweden’s self-serve advertising platform DanAds raises $5 million April 29th, 2021. Sollentuna, a suburb of Stockholm-based self serve advertising platform DanAds has raised $5 million and has appointed investor Anders Borg, Sweden’s former Minister for Finance, as Chairman of the Board. The round of funding was led by Wellstreet, and saw participation from individual investors Hugo Stenbeck, Jonas Sjögren, Johan Andersson and Alexander Hars. The fresh capital is expected to be used to further expand into the European market as well as new verticals. “DanAds is currently on a rapid growth trajectory and we are excited to be on this journey with them,” comments Wellstreet CEO Mikael Wintzell.

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