ALTAAL ESTABLISHES TECH INVESTMENT STRATEGY AND CO-INVESTS WITH FRAM^
Altaal recently established Altaal-X, a tech investment strategy targeting minority ownership in companies driven by entrepreneurs that combines an attractive return profile with a positive impact on the insurance, lending and property sectors.
“Stockholm is one of the most vibrant eco-systems for tech-driven investments with a fantastic pool of entrepreneurs with the ambition and drive to become successful in disrupting the conservative sectors we act within” says Stefan Gattberg, founder Altaal
Altaal-X recently made its first investment into Sweden’s largest tech platform for owners of condominiums and is now closing its second investment forming a joint venture with the digital powerhouse, Fram^ to offer micro financing to small and medium sized enterprises in Vietnam.
"Vietnam is fundamentally one of the most promising economies today and we are excited to support Fram^ in building a tech-driven loan provider targeting smaller businesses in Vietnam that today experience an issue with receiving growth financing via the existing banking system” says Henrik Schmidt, founder Altaal
Altaal was founded by Henrik Schmidt and Stefan Gattberg with the Penser family as external investor. The ambition is to run an impact investment firm that combines high activity and professionalism with a long-term approach to value creation.
Altaal is a signatory and supporter of the United Nations Global Compact on human rights, labour, environment and anti-corruption and a signatory of the internationally recognised Principles for Responsible Investment.
Henrik Schmidt
+46 703 999 770
henrik.schmidt@altaal.com
Stefan Gattberg
+46 762 928 450
stefan.gattberg@altaal.com