King founders start investment fund aimed at Swedish startupsPhoto: m01229

King founders start investment fund aimed at Swedish startups

Publicerad: 29 January 2016, kl. 9:55

With the new venture capital campany Sweet Capital, the founders of King will invest in Swedish startups.

Tobias Karlsson

The entrepreneurs behind the hit mobile game Candy Crush Saga have managed to create their venture capital company entirely under the radar, Breakit reports.

Sebastian Knutsson, Thomas Hartwig, Patrik Stymne, Riccardo Zacconi and Lars Markgren joins forces with Danish entrepreneur Christian Dörffer, who will be running the daily work with Sweet Capital. Initially the fund has capital amounting to SEK 90 million ($10.5 million).

“The plan is to expand the fund and it will be significantly larger,” says Christian Dörffer.

In February some of the King founders will present Sweet Capital for entrepreneurs at the Stockholm based startup-hub SUP46.

“There’s a reason we establish ourselves in Stockholm. We think there are many exciting companies here and the guys from King have many contact there. In a few years I think we have a portfolio of companies where roughly ten of them are Swedish,” says Dörffer.

Don’t miss anything awesome from Smashdig!
– Follow us on Twitter
– Like us on Facebook
– Follow us on Instagram

Photo: Screenshot/YouTube
Kungliga slottet den 15 september 2013. Stockholms stads hyllningar och firande på Lejonbacken med anledning av "Kungen 40 år som statschef". Kungaparet. Photo Alexis Daflos, The Royal Court, Sweden
Swedish Expressen goes all in on Euro 2016 with new TV studio, 3D technology
Johan Kikas and Nicolin Lillhage. Photo: Press
TV award show Kristallen announces new category with online video company smartclip
Photo: Screenshot/Wicked Society
Former Swedish PM lands top job at Washington Post
Photo: Stampen/Press
The Local. Photo: Screenshot
Swedish startups are looking to expand to Asia
Wicked Society Snapchat vs Instagram video views
Matt Percival. Photo: Press
Business Insider Nordics. Photo: Screenshot
Jonathan Liedman and Robin Årman. Photo: Press
Why Stockholm's startup community will protest outside Sweden's parliament
Photo: Screenshot/YuMe
Photo: Kārlis Dambrāns