Ex-Creandum partner launches fund to help scaleups raise capital via bonds
Summary
Always Summer, a new growth fund co-founded by Voi founder Fredrik Hjelm, Kry's Johannes Schildt, former Creandum partner Sabina Wizander, and hedge fund manager Taner Pikdöken, has launched to help European scaleups raise growth capital through bonds. This initiative aims to address the challenges scaleups face in securing funding, drawing inspiration from Voi's successful €90 million bond raise. The fund will focus on providing debt financing, particularly for companies that are profitable or nearing profitability, offering an alternative to traditional equity rounds. Always Summer plans to invest in 10-15 companies, targeting a 10-20% ownership stake in the bond structure, and aims to deploy up to €500 million in the Nordics within a year, with a focus on the DACH region next.
Key takeaway
For entrepreneurs seeking growth capital, exploring bond financing as an alternative to traditional equity rounds could significantly reduce dilution and provide stable funding. If your scaleup is profitable or nearing profitability, investigate debt options like those offered by Always Summer to maintain greater ownership and control over your company's future.
Key insights
Bonds offer European scaleups a viable alternative for growth capital, reducing equity dilution.
Principles
- Debt financing can complement equity for growth.
- Bonds suit profitable or near-profitable scaleups.
Method
Always Summer provides bond financing to European scaleups, targeting 10-20% ownership in the bond structure, with a focus on the Nordics and DACH region, aiming to deploy up to €500 million annually.
In practice
- Consider bonds for growth capital.
- Evaluate bond financing for profitability.
Topics
- Always Summer
- Scaleup Financing
- Corporate Bonds
- Growth Capital
- European Tech Market
Best for: Entrepreneur, Investor, Consultant
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Editorial summary, takeaway, and curation by AIssential. Original article published by Sifted.