EPTI AB aims for Nasdaq First North Growth Market listing through reverse takeover
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EPTI AB also announces eight companies being partially or wholly acquired, alongside 45 million SEK in new investments for portfolio companies Apotekamo and Parkamo

Stockholm, Sweden – Tuesday August 31st, 2021: EPTI AB the Stockholm-based venture builder with a portfolio of 25 sector-defining startups and scaleups, today announces its intention to become a publicly traded company through a reverse takeover by Invajo Technologies AB, the Nasdaq-listed SaaS solution provider. EPTI previously invested in Invajo (in June 2019), a startup which supports users and businesses with flexible online event planning and supplier search tools (with BMW, Bonnier Magazines & Brands, and H&M as clients).

The new expanded company will retain the name EPTI and be headquartered in Stockholm (and with offices across Europe). The Invajo Technologies brand and its services will remain fully operational as a wholly owned venture within the EPTI portfolio. Arli Mujkic (EPTI Founder & CEO), Tord Lendau (EPTI Chairman), Sebastian Nyaiesh remain as members of the board, with the addition of former Invajo board members, Susanne Rönnqvist Ahmadi and Hans Isoz.

In addition to the acquisition of Invajo Technologies, EPTI is also announcing the entire or partial acquisition of seven companies (including Axakon and Bruger), as well as new funding rounds (totalling 45 million SEK) for EPTI portfolio companies, online pharmaceutical marketplace, Apotekamo, and ‘the Booking.com for parking spaces’, Parkamo.

EPTI was founded in 2017 by Arli Mujkic, who emigrated to Sweden as a child from Bosnia in 1993 and started coding at the age of 7. In just 4 years, EPTI has built up a portfolio of 25 startups and scaleups, and experienced nearly 100% YoY Growth in terms of Group Revenue, by offering capital investment alongside meaningful operational support to companies, entrepreneurs and founders to build market-leading innovative companies.In 2020 the pro forma revenue for the group, including the acquisition from August 29th of Actea Consulting AB, Axakon AB, Framtidsverket AB och Bruger AB, was 137 665 604 SEK with an operating profit of 15 515 853 SEK and a calculated net assets value of the portfolio of 472 705 000 SEK, annual reports attached. With a founding motto of “We Empower Innovation”, EPTI’s success in scaling businesses is that, beyond providing significant capital (100M SEK invested by August 2021), it offers access to mentorship and expertise from other founders, resources, processes, state-of-the-art technology as well as commercial execution and marketing. EPTI also starts businesses with motivated co-founders as well as joint ventures with other companies. So much more than a traditional investor, EPTI is partly an investment company and partly a service company: a venture builder for founders created by founders.

EPTI – Announcement Of Companies Partially or Wholly Acquired

This planned listing crowns a period of accelerated growth for EPTI, alongside the finalization in August of the acquisition of significant to wholly-owned stakes in seven companies as well as that of Invajo Technologies (increasing the total number of EPTI team members to over 200 in seven countries). These acquisitions include the following leading SaaS, IT, and management consulting companies:

Actea: IT management consulting group with an impressive customer base which includes The Swedish Armed Forces
Axakon: Fullstack development group with assignments at Matsmart
Bruger: A vendor management company, relied upon by Klarna amongst others.
Framtidsverket: Full-service employer branding agency that works to secure the supply of skills
LeaderIsland / Storechatt: Social network for retail, allowing shops and stores to share knowledge
Moblrn: All-in-one tool for the creation and publication of digital training, without the need for previous technical skills
Simpell: A marketplace for digital services

As a part of a broader acquisition strategy to further strengthen the portfolio and venture builder operations, these acquisitions strengthen EPTI’s resource pool and create cross-selling opportunities for both the service companies and the SaaS companies.

EPTI – New Portfolio Funding Rounds

EPTI is also announcing the raise of 23 million SEK for their online pharmaceutical marketplace targeting the Central and Eastern European markets, Apotekamo, with Schoeller Group as lead investor and EPTI participating with 5M SEK. Apotekamo was a company created and launched by EPTI.

EPTI is also announcing that Parkamo – a parking aggregator, peer2peer and travel service application – has raised 2.1 million Euros, with Aggregate Media as lead investorand EPTI participating with 5M SEK. Described as being ‘like Hotels.com and AirBnB, but for Parking’ and offering the world’s first climate compensated parking scheme, Parkamo was a company created and launched by EPTI.

EPTI’s portfolio of over 25 companies includes:

  • SPACE Stockholm – the digital cultural center backed by PopHouse Entertainment Group AB (owned by Björn Ulvéus (ABBA) and Conni Jonsson of EQT Group)
  • Inbanner AB – an ad-tech platform created by EPTI with investment support from Trustly AB
  • Workamo – a platform for the gig economy co-owned by PE Accounting
  • SaaS Store – a marketplace and store for Saas services

Arli Mujkic, Founder & CEO of EPTI, comments, “Through our planned listing on the Swedish Stock Exchange, EPTI will be in a stronger position than ever to become one of the Swedish startup ecosystem’s key players, offering investment and practical support to innovative startups and scaleups operating both in the Nordics and with global ambitions. This, coupled with our acquisitions, represents a consolidation of EPTI’s ability to provide support to emerging superstars within the Gaming, Fintech, Marketplace, SaaS and Service verticals. Our new scale of operations will further enhance our support services to portfolio companies including in the fields of system development, design, growth, sales and digital marketing.”

About EPTI

EPTI is a global venture builder that acquires and invests in tech companies with software as their core: providing operational support to entrepreneurs and founders to help scale sector-defining, innovative companies. Beyond providing funding, EPTI benefits investments by supplying experts crucial to business success such as founders, developers, designers, devops, marketing and sales support. EPTI, founded in 2017, has built and invested in over 25 companies and employs over 200 in seven countries across Europe. EPTI has been profitable each financial year.

Reverse Acquisition – Specifics

Invajo Technologies AB, (Invajo), signed a share transfer agreement with 100% of the shareholders of EPTI AB (EPTI). The purchase consideration amounts to approximately 624,2 MSEK and will be paid by a non-cash issue of up to a maximum of 79 129 848 shares to the sellers with a subscription price of 7,89 SEK per share. As a result of the acquisition, the former shareholders of EPTI AB will become the majority shareholders of Invajo through a so-called Reverse Takeover. The acquisition is conditional upon, among other things, the approval of the transaction by Invajo at an extraordinary general meeting (EGM), which EPTI intends to convene in the near future. If the Transaction is completed, Invajo’s current business will be transferred to a wholly owned subsidiary of the new group.

Note: RTO is a process whereby a private company buys enough shares to control a publicly-traded company. The private company’s shareholder then exchanges its shares in the private company for shares in the public company. At this point, the private company has effectively become a publicly-traded company.

EPTI Årsredovisning / Report 2020.pdf

www.epti.com

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