News

The latest news and updates about Formica and our portfolio companies.

Formica Capital releases Impact & Responsibility Report for 2022

June 27, 2023

Formica’s equivalence to a sustainability report highlights the responsibilities that Formica has in the shift to a sustainable society and the opportunities to make a positive impact. The report details Formica’s approach to impact and responsibility in the shift throughout investment activities, enabling support, operating processes and inspiring initiatives. This report is the first to […]

Formica Capital invests in Elevera Education Group

May 5, 2023

Formica Capital has acquired a majority stake in Elevera Education Group, a reputable educational provider with institutions located in Stockholm, Gothenburg and Malmö Elevera Education Group is a leading provider of Higher Vocational Education, HVE (Sw:Yrkeshögskoleutbildning) and offers high quality education through 4 institutes in Sweden. Elevera has a strong track-record of educating highly skilled […]

Formica Capital and Nicklas Storåkers invest in C-Resiliens building a new market leader within cyber security

March 8, 2023

Formica Capital and Nicklas Storåkers invest in the cyber security market through an investment in Swedish company C-Resiliens. In connection with the investment, C-Resiliens acquires Tutus Data, a market leading company within encryption and cyber security products. C-Resiliens was founded in 2022 with the conviction that with an ever increasing need for improved cyber security […]

Formica Capital invests in Polarium

October 18, 2022

Formica Capital has acquired shares in Polarium, a leading provider of advanced solutions for energy storage and energy optimization built on lithium-ion technology, for customers in the telecom, commercial, and industrial segments. Polarium, founded in 2015 by Stefan Jansson and Vargas Holding, is on a journey to empower a sustainable world with smart modular energy […]

Formica Capital to invest in engcon, the global leading manufacturer of tiltrotators

June 1, 2022

Formica Capital has committed to acquire shares in engcon AB for up to 46 SEK per share. The acquisition of the shares is in connection with the company’s planned IPO on Nasdaq Stockholm, which is expected to be completed during the second quarter of 2022. engcon is the world’s leading manufacturer of tiltrotators with a […]

Formica’s owners, Formica and Formica’s portfolio companies raise SEK 7 million for UNHCR’s work in the Ukraine

March 22, 2022

In a joint effort, Formica has raised SEK 7 million for UNHCR’s efforts in the Ukraine. The target to raise SEK 1 million from our portfolio companies and their employees has now been reached. Formica will match this sum with SEK 1 million and Formica’s owners will match five-fold with another 5 MSEK. These donations […]

Formica invests in ChargeNode

November 18, 2021

  ChargeNode, a green tech company that eliminates the need for traditional EV chargers, has raised 115 MSEK from Formica Capital to accelerate Swedish and international expansion. ChargeNode fits very well into Formica’s focus on fast-growing companies with climate-effective solutions for properties, being Formica’s fifth investment in this segment. ChargeNode’s patent-pending technology for EV charging […]

Formica Capital releases 1st edition Impact & Responsibility Report

October 18, 2021

Formica’s first equivalence to a sustainability report highlights the responsibilities Formica have in the shift to a sustainable society and the opportunities to have positive impact. The report details Formicas approach to impact and responsibility throughout investing, enabling, executing and inspiring this shift. The report also introduces the Formica Formula, a framework designed to help […]

Formica participates in Devoted Health’s Series D funding

October 18, 2021

Formica continues its support of Devoted Health in Devoted’s recent USD 1.2bn Series D round, the largest ever by a private company in Massachusets. Formica has supported Devoted, since its 2018 Series B round. Lead investors in the round were Uprising and Softbank Vision Fund 2, with existing investors including Andresseen Horowitz and GIC participating. […]

Formica Capital decreases ownership in Scandic Hotels Group

May 7, 2021

Formica has reduced its holding in Scandic Hotels Group. Ownership after divestment is 4,86%. As part of Formica’s capital management, Formica made a financial investment in Scandic in March 2020, in the midst of the Covid pandemic. Since then Formica has, together with the other owners, supported the company through a new issue of shares […]