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Investments

5

Portfolio Exits

2

About Aksel Lund Svindal

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Latest Aksel Lund Svindal News

Superstar skiers set to race with Porsche in Scandinavia

Jan 11, 2022

WEBWIRE – Monday, January 10, 2022 Ingemar Stenmark, Aksel Lund Svindal, l-r, 718 Cayman GT4 Clubsport, 2022, Porsche AG The Porsche Sprint Challenge Scandinavia welcomes Aksel Lund Svindal and Ingemar Stenmark to the 2022 championship. The legends of alpine skiing are swapping mountains for racetracks and will be teammates for the upcoming racing season. Aksel Lund Svindal and Ingemar Stenmark are true superstars of alpine skiing. Combined they have won two Olympic gold medals each and secured 36 (Lund Svindal) and 86 (Stenmark) World Cup victories, among other accolades. Next summer, the skiing legends will swap mountains for racetracks and become teammates for a full season of competition, in the successful new racing series Porsche Sprint Challenge Scandinavia. “I must admit that I was surprised when Ingemar and Porsche Sweden asked me if I wanted to be in the team, as I don’t have much experience in sports car racing, but I’m really looking forward to being part of the Porsche Sprint Challenge Scandinavia,” says Lund Svindal. Born in Norway, the Porsche Brand Ambassador has never competed in motorsport but is no stranger to high speed and adrenaline. During his career on the slopes he became known as the King of Speed, taking 14 downhill victories and 17 super-G wins in the World Cup. “This is a great honour, and I’m really motivated to learn more about racing. I know it’s going to be fun, and this is in many ways exactly what Porsche is all about for me: good times and a passion for driving,” Lund Svindal continues. The sports car fan will compete with Porsche Racing Experience with the race number 82. His number 56 teammate is another giant of the slopes and the most successful alpine skier of all time: the Swede Ingemar Stenmark. Both men will drive the Porsche 718 Cayman GT4 Clubsport. “Racing is great fun,” says Stenmark. “I already have one season in the championship behind me, and I really got a taste for it. There are so many similarities with high-speed skiing, such as advanced cornering and careful analysis of the course. I’m really looking forward to the upcoming season and to competing together with, and against, Aksel.” The Porsche Sprint Challenge Scandinavia is a racing series for young talent and semi-professional racers who want to step up from club racing to a championship that is fully sanctioned by Porsche Motorsport. The series is run during joint race weekends with the elite racing championship Porsche Carrera Cup Scandinavia. “Having Aksel Lund Svindal and Ingemar Stenmark in the Porsche Sprint Challenge Scandinavia is a dream come true. Ingemar showed us in 2021 the thoroughness and motivation with which he enters new challenges. Now we look forward to following the fight on the racetrack with him and Aksel in the upcoming season,” says Raine Wermelin, Director, Porsche Sweden. The Porsche Sprint Challenge Scandinavia will be shown live on the streaming service Viaplay*, as part of the coverage of Porsche Carrera Cup Scandinavia, the region’s leading racing championship. * Applies to all races during the 2022 season, except Falkenbergs Motorbana. ( Press Release Image: https://photos.webwire.com/prmedia/8/283749/283749-1.jpg )

Aksel Lund Svindal Investments

5 Investments

Aksel Lund Svindal has made 5 investments. Their latest investment was in Made of Air as part of their Seed VC on October 10, 2021.

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Aksel Lund Svindal Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

10/4/2021

Seed VC

Made of Air

$5.8M

Yes

4

4/12/2019

Unattributed

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$99M

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10

8/29/2018

Angel

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$99M

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10

7/4/2016

Series A

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$99M

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10

9/28/2015

Angel

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$99M

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10

Date

10/4/2021

4/12/2019

8/29/2018

7/4/2016

9/28/2015

Round

Seed VC

Unattributed

Angel

Series A

Angel

Company

Made of Air

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Amount

$5.8M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

4

10

10

10

10

Aksel Lund Svindal Portfolio Exits

2 Portfolio Exits

Aksel Lund Svindal has 2 portfolio exits. Their latest portfolio exit was Airthings on October 30, 2020.

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

10/30/2020

IPO

1

6/4/2019

Merger

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10

Date

10/30/2020

6/4/2019

Exit

IPO

Merger

Companies

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Valuation

Acquirer

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Sources

1

10

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