Milvik AB
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Milvik AB - overview
Established
2010
Location
London, England, UK
Primary Industry
Insurance
About
Milvik AB, based in Stockholm, Sweden, specializes in providing innovative technology solutions to enhance operational efficiency across various industries, including finance, logistics, and manufacturing. Founded in 2010 and headquartered in Stockholm, Sweden, Milvik AB offers technology solutions aimed at improving business operations. The company was recently acquired by CapitalSG from its previous investors Allianz X, CreditEase Fintech Investment Fund, and LeapFrog Investments in October 2023. The acquisition will facilitate Milvik's business expansion.
The firm was established by Ankur Basu, Gustaf Agartson, and Mathilda Strom, with Gustaf Agartson also currently serving as the CEO. Milvik AB has successfully raised USD 30. 00 mn in funding through various rounds, with its latest funding round led by CreditEase Fintech Investment Fund. Bimamilvik specializes in advanced technology solutions tailored for sectors such as finance, logistics, and manufacturing.
Its primary offerings include software platforms designed for data analysis and decision support, which help businesses optimize supply chains and improve financial forecasting. Bimamilvik caters to mid to large-sized enterprises globally, ensuring adaptability to different regulatory environments and business needs. End users typically consist of organizational decision-makers and operational teams leveraging data-driven insights for strategic initiatives. In the most recent financial year, 2022, Milvik AB generated revenue of USD 2,109,974.
80, with an EBITDA of USD -15,989,226. 50. The company’s revenue model is primarily based on subscription services and direct sales of its software products, which include tiered pricing plans for clients based on their organizational size and required features. Partnerships with industry players further enhance revenue streams, with clients receiving comprehensive training and support.
In October 2023, following its acquisition, Milvik AB's strategy for future growth includes plans to expand its product offerings and market presence. The company aims to launch new technology solutions in the coming year and is also targeting expansion into additional markets in Europe and parts of Asia. The recent funding of USD 30. 00 mn will be instrumental in supporting these initiatives, allowing Milvik to enhance its service offerings and increase its operational footprint.
Current Investors
Digicel Group, Axiata Group, Kinnevik
Primary Industry
Insurance
Sub Industries
Life Insurance, Healthcare IT
Website
www.bimamilvik.com/
Verticals
HealthTech, InsureTech
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Milvik AB - timeline of key events
Milvik AB - financials
| Fiscal Year Ended | Dec 31, 2014 | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 1,417,698 | 2,411,600 | 3,711,544 | 6,929,272 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | 70.1% | 53.9% | 86.7% | - | - | - |
| EBITDA (USD) | (241,133) | (984,779) | 106,779 | (3,087,904) | (2,937,374) | (2,837,356) | - | - | - |
| Operating Income (USD) | (241,133) | (985,354) | 105,015 | (3,095,985) | (2,951,088) | (2,857,391) | - | - | - |
| Operating Margin | - | - | 7.4% | (128.4%) | (79.5%) | (41.2%) | - | - | - |
| % EBITDA Margin | - | - | 7.5% | (128.0%) | (79.1%) | (40.9%) | - | - | - |
| NET Income (USD) | (244,394) | (1,023,126) | 10,790 | (3,166,744) | (3,187,783) | (3,337,505) | - | - | - |
| % Net Margin | - | - | 0.8% | (131.3%) | (85.9%) | (48.2%) | - | - | - |
Milvik AB - employee data
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