King founders start investment fund aimed at Swedish startups
With the new venture capital campany Sweet Capital, the founders of King will invest in Swedish startups.
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.KingSUP46Candy CrushChristian DörfferSweet Capital