> ## Content Index > Fetch the complete content index at: https://www.swedishtechnews.com/llms.txt > Use this file to discover other available public pages before exploring further. # Gothenburg’s tech startups shine with a surge in exits - URL: https://www.swedishtechnews.com/gothenburgs-tech-startups-are-having-a-moment-when-it-comes-to-exits/ - Published: 2024-10-06T07:13:49.000Z - Updated: 2024-10-06T11:42:06.000Z - Description: Last week marked a major event for Swedish tech startups from Gothenburg, with three companies based in Sweden's second largest city announcing being acquired. - Author: Martin Weigert - Tags: exits, Minna Technologies, Mastercard, Halon, Intera Partners, Jobtip, Talentech, Recorded Future, Aspect (formerly Hume), Karat, Gothenburg Last week marked a major event for tech startups from Gothenburg, with three companies based in Sweden's second largest city announcing being acquired (all covered in [my daily PRO newsletters](https://www.swedishtechnews.com/tag/daily/), of course). ### Minna Technologies [Minna Technologies](https://minnatechnologies.com/), Gothenburg-based provider of subscription management solutions, is [being acquired](https://www.cnbc.com/2024/10/01/mastercard-to-buy-subscription-management-startup-minna-technologies.html) by Mastercard. Financial details were not disclosed, though acccording to information [obtained by Breakit](https://www.breakit.se/artikel/41318/sa-mycket-betalar-mastercard-for-svenska-techbolaget-minna-technologies-ny-jatteaffar) (paywall), Mastercard pays $75 million. The transaction is currently subject to a regulatory review. Minna Technologies was founded in 2016 by Joakim Sjöblom, Marcus Lönnberg, and Jonas Karles, and has raised around SEK 260 million (€23 million, $25 million at today's exchange rate) in total funding, according to data registered with Bolagsverket (sourced via [Eivora](https://www.eivora.com)), including a €15.5 million Series B round [in early January 2021](https://tech.eu/2021/01/14/minna-series-b/). Main outside shareholders are Zenith VC, Element Ventures, Swedbank, Nineyards Equity – and Mastercard competitor Visa. For 2023, Minna Technologies [reported](https://www.allabolag.se/5569675449/bokslut) net revenue of SEK 24.8 million, and a loss of SEK 75.5 million. ### Halon Also last week, Finnish private equity firm [Intera Partners](https://interapartners.com/) [announced](https://www.einpresswire.com/article/748045416/halon-welcomes-intera-as-key-investor-to-propel-global-expansion) that it is buying a majority stake in [Halon](https://halon.io), Gothenburg-based email infrastructure platform for service providers. Financial details were not disclosed. Halon was founded in 2010 by Erik Lax, Anders Berggren, Jonas Falck, and Peter Falck, and had only raised funding in its early days, with Chalmers Ventures and Almi Invest being the main investors. While Chalmers Ventures [is selling](https://www.mynewsdesk.com/se/chalmers-ventures/pressreleases/chalmers-goer-exit-i-halon-3346323) its entire stake to Intera, Almi Invest [keeps](https://www.linkedin.com/posts/almi-invest%5Falmiinvest-almi-activity-7247507214670725120-7kd5) some of its Halon shares. According to the annual report (which I covered first in my PRO subscription [in July](https://www.swedishtechnews.com/news-july-24-2024/#selected-swedish-tech-earnings)), Halon grew net revenue in 2023 by 48% YoY to SEK 46.4 million, and reported a pre-tax profit of SEK 12.5 million. ### Jobtip Last but not least, it was announced that Gothenburg-based SaaS solution for automated social media recruitment [Jobtip](https://www.jobtip.com) is [being acquired](https://talentech.com/sv/press/verdane-agda-talentech-forvarvar-jobtip) by Norway-based HR software provider [Talentech](https://talentech-com.translate.goog/sv/press/verdane-agda-talentech-forvarvar-jobtip?%5Fx%5Ftr%5Fsl=auto&%5Fx%5Ftr%5Ftl=en&%5Fx%5Ftr%5Fhl=en&%5Fx%5Ftr%5Fpto=wapp), for an undisclosed amount. Jobtip was founded in 2014 by Patrik Wigton, and has some angel and private investors on its cap table, among them Tom Nyman (who [posted on Linkedin](https://www.linkedin.com/posts/tom-nyman-009b05a%5Ftalentech-kj%C3%B8per-svenske-jobtip-vi-har-activity-7247233252241920001-H-hh?utm%5Fsource=share&utm%5Fmedium=member%5Fdesktop) about the deal). For 2023, Jobtip [reported](https://www.allabolag.se/5569318339/bokslut) net revenue of SEK72.3M (up slightly YoY), and a profit of SEK0.6M. ### Two more recent deals The Gothenburg tech startup exit wave is even bigger than this: Less than a month ago, Mastercard [revealed](https://www.bnnbloomberg.ca/business/technology/2024/09/12/mastercard-agrees-to-buy-cyber-defense-firm-for-265-billion/) that it is buying the Gothenburg-founded threat intelligence platform [Recorded Future](https://www.recordedfuture.com/) for $2.65 billion. And [very recently](https://www.linkedin.com/posts/benjaminwarberg%5Fhiring-activity-7245006850608291840-8nGz?utm%5Fsource=share&utm%5Fmedium=member%5Fdesktop), the US-based HR tech talent company [Karat](https://karat.com/) bought Gothenburg-based AI co-pilot for interviews [Aspect](https://aspect-hq.com/) (first covered in my PRO subscription [on September 26](https://www.swedishtechnews.com/news-sep-26-2024/)). The startup was founded by Benjamin Warberg and Oscar Lagercrantz in 2021 as Hume, and had raised around SEK20M in funding from VNV Global, Altitude Capital, and VOI founder Fredrik Hjelm, among others. While the financial dimensions of these deals vary, taken together, they shine a spotlight on Gothenburg and represent a welcome liquidity event for city's tech startup ecosystem. Now only one question remains: Which Gothenburg-based startup will be next? ## Receive Swedish startup & tech news right into your inbox Subscribe to Swedish Tech Weekly, a free newsletter with the latest from Sweden's tech and startup industry, curated by Martin Weigert. Or – if you are an investor – [join PRO](https://www.swedishtechnews.com/#/portal/signup) to get ahead. Subscribe Email sent! Check your inbox to complete your signup. No spam. Unsubscribe anytime. [Privacy policy](https://www.swedishtechnews.com/privacy-policy-for-swedish-tech-weekly-2/).