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Venture Capital
2minvest.com

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Investments

38

Portfolio Exits

7

Funds

1

About 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

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Latest 2M Invest News

Gigantic Duck raises SEK 10 million in funding

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.

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2M Invest Investments Activity

investments chart

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

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$99M

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10

11/1/2001

Seed

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$99M

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10

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

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Amount

$1.2M

$1.4M

$0.24M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Sources

2

1

1

10

10

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

$99M

Undisclosed Investors

5/24/2005

Acquired

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$99M

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0

5/9/2005

Acquired

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$99M

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0

9/9/2003

Acquired

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$99M

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0

10/1/2002

Management Buyout

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$99M

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0

Date

12/31/2006

5/24/2005

5/9/2005

9/9/2003

10/1/2002

Exit

Acquired

Acquired

Acquired

Acquired

Management Buyout

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

Undisclosed Investors

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Sources

0

0

0

0

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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