Capitalia invests in Swedish start-up Favro, marking the first investment outside the Baltic States
Favro is a platform for collaborative planning that is used mostly by SaaS and gaming companies. It helps to plan work more efficiently within and between teams across all disciplines in an organization. Favro’s 1500+ worldwide customers include Wolt, Unity, EA, and Volvo Car Mobility. Other investors in Favro include Practica, Creandum, Inbox Capital, Scale Capital, and a select few strategic business angels. For Capitalia, this is the 4th investment from its Co-investment Fund which was founded late last year.
Capitalia is the leading provider of alternative financing and financial advice in the Baltic States. Capitalia has financed working capital and capital investments for more than 5,000 companies, investing more than 90 million euros in their development. In addition to loans and venture capital, Capitalia also offers companies professional advice on selling a business and raising financing.
Practica Capital is an early-stage venture capital fund dedicated to backing Baltic founders. They have invested exclusively in tech potential in the Baltic States for the last 10 years. Practica backs great founders in their ambition in seed and selected pre-seed and A stages partnering with them as company builders. To date, we have made more than 70 investments, including companies like TransferGo, PVcase, Interactio, Eneba, Ovoko, Trafi, CGtrader, Sonarworks, Montonio, and others.