Zenith Group invests in Nordic entrepreneurial startup- and growth companies. Our business concept is to be an active owner that contributes capital, networks and industrial expertise in order to achieve growth and develop the value of the companies in which we invest.
With nearly two decades of experience in building successful companies through Varenne and recently Zenith VC - Zenith Group was founded in 2018. The new Zenith Group focuses on three types of investments; Venture Capital, Growth and Real Estate.
Our vision is to create an eco-system for entrepreneurs where Zenith Group can assist from seed- or some times even pre-seed rounds through A- and B-rounds to exit. Exiting entrepreneurs then get the chance to reinvest into new startup- and growth companies through Zenith Group and contribute with her/his experience and expertise to the next generation of entrepreneurs.
Zenith Group manages three listed funds: Zenith Venture Capital, Zenith Growth and Zenith Real Estate.
With nearly two decades of experience in building successful companies through Varenne and recently Zenith VC - Zenith Group was founded in 2018. The new Zenith Group focuses on three types of investments; Venture Capital, Growth and Real Estate.
Our vision is to create an eco-system for entrepreneurs where Zenith Group can assist from seed- or some times even pre-seed rounds through A- and B-rounds to exit. Exiting entrepreneurs then get the chance to reinvest into new startup- and growth companies through Zenith Group and contribute with her/his experience and expertise to the next generation of entrepreneurs.
Zenith Group manages three listed funds: Zenith Venture Capital, Zenith Growth and Zenith Real Estate.
Location: Sweden, Stockholm
Employees: 1-10
Investment Type: Venture Capital
Portfolio 16
| Date | Name | Website | Total Raised | Location |
| 14.12.2018 | Strawbees | strawbees.com | $2.21M | Sweden, Go... |
| 28.03.2017 | Truecaller | truecaller.com | $318.85M | Sweden |
| - | GoFrendly | gofrendly.se | - | Sweden, St... |
| - | Bet13 Hold... | fanleague.com | - | - |
| - | Ridesum | ridesum.se | - | Sweden, Ek... |
| - | Bright Ene... | getbright.se | - | - |
| - | Eaton Gate... | corporate.kwiff.com | - | - |
| - | Leeroy Gro... | leeroy.se | - | - |
| - | Vionlabs | vionlabs.com | $2.8M | Sweden, St... |
| - | Inkbay | inkbay.tattoo | - | Sweden, St... |
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News 34
| Date | Title | Description |
| 30.09.2021 | Truecaller publishes prospectus in connection with its initial public offering of shares | Truecaller AB (publ), the leading global communication platform for verifying contacts and blocking unwanted calls and messages, announces an initial public offering of shares to the general public in Sweden and to institutional investors i... |
| 15.09.2021 | Caller-identification service Truecaller seeks to raise over $100 million in IPO | Zenith's portfolio company Truecaller officially announced on Wednesday 15 September its intention to list the company on the Nasdaq Stockholm Exchange. The offer will consist of new B-shares and existing B-shares from some of the existing ... |
| 28.06.2021 | Truecaller appoints two new board members | Truecaller has appointed Annika Poutiainen, and Helena Svancar to the board as part of the IPO preparations. "A vital part of the IPO preparations is to ensure we have the best possible board in place" comments Truecallers co-foun... |
| 23.06.2021 | Leeroy appoints Karin Whitlock as new CEO | Leeroy has appointed Karin Whitlock as the new CEO of the company to lead and further accelerate the international expansion. Read the full news article here (in Swedish): |
| 27.04.2021 | Minna Technologies Banking Tech of the Year 2021 | We are extremely happy to see our portfolio company Minna Technologies chosen as winners of the award "Banking Tech of the Year 2021" by EU FinTech Awards. Hats off to the whole Minna Team for the great success! |
| 19.02.2021 | Tommy Jacobson comments on the Truecaller success story | Di Digital inverviews our Founding Partner Tommy Jacobson about his thoughts about the successful journey of Truecaller and comments on the news that Zenith increases their ownership in the company (article in Swedish): |
| 05.02.2021 | Inspiring story about Truecaller’s history | Dagens industri portraits Truecaller’s founders, Alan Mamedi and Nami Zarringhalam. It is an inspiring story about a company that daily affects over 267 million people’s lives. Link to article in Swedish: https://www.di.se/nyheter/miljarddu... |
| 02.02.2021 | Zenith invests when Vionlabs raises more capital and strengthen the team | We are happy and proud to continue our journey together with this impressive company which has seen a significant boost during 2020. Read more about Vionlabs’ latest financing round and recruitment here (in Swedish): https://www.breakit.se/... |
| 14.01.2021 | Minna Technologies raises $18.8m and continues the expansion | Since Zenith’s first investment in Minna in the spring of 2019 the company has made an amazing journey with their subscription management platform to European banks such as Lloyds and ING. Zenith is also participating in the current financi... |
| 25.11.2020 | Zound’s revenues grew by 31% in third quarter | ”Zound’s revenues grew by 31% in Q3 2020 to 557 million SEK, compared to same period last year and the products are sold out quicker than the refill rate.” |
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Mentions in press and media 3
| Date | Title | Description |
| 14.12.2018 | Zenith invests SEK 20m ($2.2) in Strawbees | Press release 2018-12-14 |
| 14.12.2018 | Zenith invests SEK 20m ($2.2) in Strawbees | Press release 2018-12-14 Swedish ed-tech company Strawbees raises SEK 20m ($2.2) from Zenith Group to fuel global expansion Fast growing STEAM ed-tech company Strawbees today announces a SEK 20 million ($2.2m) capital raise from Swedish t... |
| 28.03.2017 | Zenith Venture Capital II invests an additional SEK20m in Truecaller | In December 2016 it was announced that Zenith Venture Capital II invested c.SEK100m in Truecaller. Further to this, Zenith is now announcing an additional investment of c.SEK 20n in Truecaller. |