Bonnier Ventures invests in AI-based HR scaleup Winningtemp
Bonnier Ventures, the venture capital arm of family owned holding company Bonnier Group, today announced that it has invested SEK 45 million in Winningtemp – a fast growing HR SaaS scaleup from Gothenburg, Sweden. The investment was part of a SEK 157 million (USD 17.6 million) Series B financing co-led by Bonnier Ventures and UK based investor Frog Capital. Existing investors also participated in the round.
The investment comes on the back of an exciting year for Bonnier Ventures in which the venture capital arm’s annual investment mandate was doubled to some SEK 200 million (USD 22.6 million). The expanded mandate was decided after several years of strong portfolio performance and new funds becoming available from the Bonnier Group’s divestment of Bonnier Broadcasting last year.
Bonnier Ventures will continue on its proven path of taking active minority shareholdings in fast growing technology companies across the early growth stages. With the expanded mandate, the investment arm will now also be able to target later stage companies as well as continue to support companies in the portfolio into later stages in their growth journeys.
Ulrika Saxon, CEO of Bonnier Ventures commented: “We’re very excited to partner with Winningtemp and to support them in growing their employee satisfaction and performance platform outside of the Nordics. This investment ticks a lot of boxes of what we look for: An innovative product within a growing macro area, strong founders, a sound business on a scalability path, and a clear
fit for us to help with growth capital and expertise to accelerate their international expansion from a solid Nordic base. ”
About Bonnier Ventures
Bonnier Ventures is the venture capital arm of family owned Bonnier Group. Bonnier Ventures targets significant minority shareholdings in technology businesses in the early stages of scaling up, typically making initial investments around SEK 20-60 million (USD 2-6 million). Bonnier Ventures works closely with their portfolio companies and provides active support as they scale up.
The portfolio currently includes 16 companies such as Acast, Natural Cycles,Doktor.se and Resolution Games.
Winningtemp’s AI-driven platform enables organisations to visualise employee development and gain insights that enhance engagement and mental well-being while minimising stress and staff turnover. The company currently holds 60 employees across four offices in Gothenburg, Stockholm, Oslo and London. More than 100 000 users in over 20 countries engage daily with the platform.
The customer list includes more than 550 companies.