Investee Company – Visual Wireless International AB (Sweden)
Investee Company Business Type – Revenue assurance software provider
Type of Financing – Expansion
Equity Providers – InnovationsKapital
Equity Leader (Individual) – Robert Göthner, investment director, InnovationsKapital
Debt Providers – N/A
Debt Type – N/A
Debt Leader (Individual) – N/A
Equity Amount – Undisclosed
Total Deal Value – Undisclosed
Other Advisors – N/A
Comments – Visual Wireless, a provider of revenue assurance software, has secured additional funding to help finance its expansion plans. The funding was provided by InnovationsKapital, a Swedish-based venture capital investor focused on investments in information and communications technology, healthcare and life science sectors.
Established in 1991 and headquartered in Stockholm, Sweden, Visual Wireless is one of the world’s leading suppliers of revenue assurance solutions for all telecom operators, both fixed and wireless. The company develops state-of-the-art technology used by telecom operators for maximising their existing revenue streams, by minimising operational leakage, such as inadequate end user invoicing and fraud. Visual Wireless’s solutions consist of an integrated suite of software applications and professional services for project management, implementation, technical support and training.
Visual Wireless will use both the additional funding, and also the broad industrial and international experience of InnovationsKapital to aid its continued international expansion.
Tomas Julin, CEO of Visual Wireless, said: “We are quite pleased to have InnovationsKapital join Visual Wireless as a strategic investor. Visual Wireless is in a very expansive phase right now, in which InnovationsKapital’s experience and knowledge, particularly of expansion in the international arena, will be very useful to us.”
Robert Göthner, investment director at InnovationsKapital, said: “We have been following Visual Wireless for a while now, and we are very pleased today to become one of the company’s largest owners. The company possesses leading-edge competence and has great international potential. This will make it very exciting for us to contribute our experience of active board involvement in fast-growing companies.”