Crunchfish announces the completion of a 28 msek angel financing round
Crunchfish, a world leader in mobile touchless interaction, is happy to announce the completion of its third round of angel funding aimed at accelerating growth and establishing the company in Silicon Valley. In addition to this addition of 28 msek new capital in the company, the company also announces internal share transactions of 3,5 msek.
With this investment Silicon Valley entrepreneur Kenneth S. Thom joins the team of investors. Thom operates several co-working facilities for tech high growth companies in the San Francisco area. Crunchfish has plans to set up its U.S. office his prestigious SOMAcentral on Mission Street in central San Francisco. ”Ken Thom is a phenomenal addition to our strong team of investors as he is extremely well connected in Silicon Valley. He has already facilitated meetings with extremely valuable contacts that we would not have gained access to otherwise”, stated Crunchfish chairman Joachim Samuelsson.
The company also announced that Rasmus Nanhed, the Switzerland based Director of Sales at the international office furniture company Kinnarps is also joining the team of investors. ”I am very delighted to welcome Rasmus onboard as one of our investors as I have known Rasmus for a very long time as we both grow up in Helsingborg. Rasmus brings valuable international sales perspectives and his positive spirit to us*, continued Joachim Samuelsson.
It is otherwise the current investors that are doubling down as they together invest an additional 29,35 msek of the total transaction value of 31,5 msek. ”It is an enormous statement of confidence that our current team of investors are doubling down on the company by taking almost the entire round themselves, only leaving room for a few carefully selected investors to join”, said Crunchfish CEO Joakim Nydemark.
The shareholding in the company after these transactions are that Saudi-Ethiopian businessman Mohammed Al Amoudi maintains his 32,5% share of the company, but now with the ownership now spread over both Midroc Invest AB 30% and Granitor Invest AB 2,5%, which Mohammed Al Amoudi co-owns with the three Wikström brothers, who also are the top management of Mohammed Al Amoudi’s Midroc Europe group. At Crunchfish Mohammed Al Amoudi shareholding is represented by Oscar Ahlgren, CEO of Midroc Finans AB. Crunchfish chairman Joachim Samuelsson increases the share of his holding company Femari Investment to 30% with its 15 msek additional investment. The other current investors of the company, Stephan Carlquist, Claes Ohlsson, Claes Ripa and Anders Williamsson, are investing to increase or defend their share. Jointly they have now 13% of the company. The third largest individual shareholder of the company is otherwise the company founder and CTO Paul Cronholm in possession of 10,5% after the round.
Contact: Joachim Samuelsson, Chairman of the Board, firstname.lastname@example.org, mobile +46 708 46 47 88