Investments
38Portfolio Exits
7Funds
1About 2M Invest
2M Invest is a public venture capital and management company with offices in Denmark, Sweden, Finland, The United Kingdom, the United States (Boston and San Francisco), and Taiwan, specializing in hands-on investments within the area of information technology. 2M Invest invests in companies whose technology has been proven, at least to the prototype stage, but where the companies still face considerable challenges in management, production, financing, and marketing.
2M Invest Headquarter Location
Strandvejen 100
Hellerup, 2900,
Denmark
Latest 2M Invest News
Sep 3, 2021
Borås-based game developer Gigantic Duck has raised SEK 10 million in funding for further expansion. The funds, which were invested by Investment AB Chiffonjén and an investor network, anchored by 2M Invest, will be used to accelerate growth and product development of Gigantic Duck’s game Bombergrounds: Battle Royale. The game was released in early access in March 2020, and saw 700,000 users in the first few months without any paid marketing efforts. “We were humbled by the success of our game and quickly realised the potential of the product. It was also then that we realised that we needed to raise capital to do the game justice,” said Alexander Martinovic, Vice President and Co-Founder of Gigantic Duck. “I am convinced that together with the founders we can achieve something really good. A new industry for us and we usually invest in a later phase. But the early access launch has generated revenue and shown growth potential beyond expectations. Within our network, we have experience and can add expertise for the company’s future growth,” added Magnus Trast, CEO of Investment AB Chiffonjén. Petter Jacobs, one of Chiffonjén’s co-owners, will take a seat on Gigantic Duck’s board. 2M Invest meanwhile will invest an equal amount, with 2M’s Mikael Haag becoming chairman of the board of Gigantic Duck. “The founders are two really talented game developers and entrepreneurs who together have laid the foundations for something that could be really big. Now, hard work awaits from the board and staff to deliver and then launch the game properly. I’m looking forward to this journey,” said Haag. Share
2M Invest Investments
38 Investments
2M Invest has made 38 investments. Their latest investment was in Gigantic Duck as part of their Seed VC on September 9, 2021.
2M Invest Investments Activity
Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
9/2/2021 | Seed VC | Gigantic Duck | $1.2M | Yes | 2 | |
10/31/2002 | Series E | Cycore | $1.4M | No | 1 | |
4/1/2002 | Series A | IT Optima | $0.24M | No | 1 | |
11/29/2001 | Series D | |||||
11/1/2001 | Seed |
Date | 9/2/2021 | 10/31/2002 | 4/1/2002 | 11/29/2001 | 11/1/2001 |
---|---|---|---|---|---|
Round | Seed VC | Series E | Series A | Series D | Seed |
Company | Gigantic Duck | Cycore | IT Optima | ||
Amount | $1.2M | $1.4M | $0.24M | ||
New? | Yes | No | No | ||
Co-Investors | |||||
Sources | 2 | 1 | 1 |
2M Invest Portfolio Exits
7 Portfolio Exits
2M Invest has 7 portfolio exits. Their latest portfolio exit was Cryptico on December 31, 2006.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
12/31/2006 | Acquired | Undisclosed Investors | |||
Date | 12/31/2006 | ||||
---|---|---|---|---|---|
Exit | Acquired | ||||
Companies | |||||
Valuation | |||||
Acquirer | Undisclosed Investors | ||||
Sources |
2M Invest Fund History
1 Fund History
2M Invest has 1 fund, including 2M Invest.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
5/7/1999 | 2M Invest | Early-Stage Venture Capital | Closed | $40M | 1 |
Closing Date | 5/7/1999 |
---|---|
Fund | 2M Invest |
Fund Type | Early-Stage Venture Capital |
Status | Closed |
Amount | $40M |
Sources | 1 |
2M Invest Team
8 Team Members
2M Invest has 8 team members, including current Chief Financial Officer, Hans Ole Larsen.
Name | Work History | Title | Status |
---|---|---|---|
Hans Ole Larsen | Chief Financial Officer | Current | |
Niels Lauridsen | Controller | Current | |
William R Hipp | Managing Director | Current | |
Robert Hsieh | Managing Director | Current | |
Lars Strinnholm | Managing Director | Current |
Name | Hans Ole Larsen | Niels Lauridsen | William R Hipp | Robert Hsieh | Lars Strinnholm |
---|---|---|---|---|---|
Work History | |||||
Title | Chief Financial Officer | Controller | Managing Director | Managing Director | Managing Director |
Status | Current | Current | Current | Current | Current |
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