Swedish provider of transport solutions Scania is launching a new investment vehicle, Scania Growth Capital II.
The new fund will also be managed by East Hill Equity, a firm with extensive experience from venture capital investments in the B2B environment and offices in Stockholm and Berlin.
Scania’s new SEK 2 billion venture capital fund, Scania Growth Capital II, will continue its predecessor’s focus on the most attractive companies and entrepreneurs in the B2B tech space. Now that Scania Growth Capital I has been fully deployed, its successor Scania Growth Capital II will invest broadly in B2B tech such as software, products, solutions and services within mobility, connectivity, autonomous, electrification, smart factory and sustainability. It will target entrepreneurial companies with a unique product or service offering in areas where the fund can inject not only capital but bring other added value.
Scania Growth Capital was set up in 2016 and invested in nine companies through the Scania Growth Capital I fund. Its funding initiatives include the seed investment in the German unicorn sennder GmbH, in 2017. A unicorn is a startup company with a value of over $1 billion.
Scania is a world-leading provider of transport solutions. In 2021, the company delivered 85,930 trucks, 4,436 buses as well as 11,786 industrial and marine power systems to our customers. Net sales totalled to over SEK 146 billion, of which over 20 percent were services related. Founded in 1891, Scania now operates in more than 100 countries and employs some 54,000 people.
Scania is part of TRATON GROUP.
FinSMEs
29/11/2022