News

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

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 […]

Formica Capital becomes largest shareholder as Cybercom becomes part of Knowit

May 5, 2021

Formica’s portfolio company Cybercom becomes a part of Knowit AB (publ), building a unique offering within digital transformation in the Nordic market with more than 3 800 employees in the Nordics and Poland and revenues of SEK 5 500 million. The new Group is expected to be able to further leverage on Cybercom’s strong position […]

Formica Capital new majority owner of Rototec Group

May 4, 2021

Formica Capital acquires Rototec Group from Intera Fund II Ky and the company’s management. Rototec is Europe’s largest provider of geoenergy solutions and has shown strong profitable growth through a combination of entrepreneurship and active M&A. Rototec is Formica’s fourth investment within the shift to a globally sustainable energy system. The company’s management will remain […]

Formica Capital invests in Ecokraft

November 30, 2020

Formica Capital invests in Ecokraft Sverige AB, a fast-growing company operating in the Swedish solar energy market. With its quality offering in solar energy and energy storage, Ecokraft has laid the foundation for a strong future expansion both within and outside Sweden. This is the third investment Formica is making in the shift to a […]

Formica Capital joins 1.5°C Business Playbook as first investment company

May 18, 2020

Formica Capital has, as the first investment company, decided to join the group of leading organizations that develop and use the 1.5°C Business Playbook as a mean to drive down climate emissions in global value chains. It is an important part of Formica’s commitment to actively contribute to the positive impact of the companies they […]

Formica Capital invests in Scandic Hotels – change of ownership’s notice

April 24, 2020

Formica Capital AB has acquired 5.25% of the shares in Scandic Hotels Group AB, listed on Nasdaq Stockholm.

Formica Ventures invests in Swedish Algae Factory

March 17, 2020

Formica Ventures participates in an investment round in Gothenburg-based Swedish Algae Factory, led by Aqua-Spark Netherlands based Aqua-Spark is the first investment fund solely focused on sustainable aquaculture.

Formica Ventures invests in Sierra Energy Corporation

August 2, 2019

Formica Ventures deltar i en Serie A-investeringsrunda på 33 MUSD i USA-baserade Sierra Energy Corporation, ledd av venturefonden Breakthrough Energy Ventures.

Formica invests in Collectius

June 25, 2019

Formica Capital has made a financial investment, comprised of a combination of debt and equity, in Collectius, a Singapore based debt collection and receivables acquisition company.