Favro AB
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Favro AB - overview
Established
2016
Location
Uppsala, -, Sweden
Primary Industry
Software
About
Favro AB is a collaborative planning platform specializing in workflow management for teams in technology and gaming sectors, facilitating seamless project execution through interactive tools. Favro AB, founded in 2016 and headquartered in Uppsala, Sweden, provides a platform for collaborative project planning. The company has secured funding through SEED rounds, raising a total of USD 4. 30 mn, with the latest round led by Practica Capital and participated by Creandum, Inbox Capital, and Scale Capital.
The firm has conducted 2 deals to date. Favro offers a platform designed for teams in the technology and gaming sectors, enabling users to manage workflows, automate tasks, and create interactive dashboards without coding. The platform includes ready-made solutions like Kanban boards and product roadmaps, facilitating project management and enhancing productivity across multiple teams. For the year 2022, Favro reported revenue of USD 2,649,834.
40, with an EBITDA of USD -1,965,900. 60. Favro AB plans to utilize recent funding to enhance its platform and develop new product features aimed at improving user collaboration. The firm is exploring expansion into additional markets in Europe and North America, focusing on increasing its customer base.
This strategic direction is supported by the recent investment from Inbox Capital, which will aid in implementing these initiatives.
Current Investors
Creandum, Practica Capital, Scale Capital
Primary Industry
Software
Sub Industries
Systems Management Software
Website
www.favro.com
Verticals
Cloud Computing
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
Favro AB - timeline of key events
Favro AB - financials
| Fiscal Year Ended | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 3,187,000 | 11,710,000 | 19,805,000 | 25,612,000 | 23,892,000 | - | - | - |
| % Revenue Growth (YoY) | - | 267.4% | 69.1% | 29.3% | (6.7%) | - | - | - |
| EBITDA (USD) | (21,549,000) | (25,948,000) | (18,393,000) | (17,404,000) | (11,814,000) | - | - | - |
| Operating Income (USD) | (23,097,000) | (28,275,000) | (20,586,000) | (19,567,000) | (11,978,000) | - | - | - |
| Operating Margin | (724.7%) | (241.5%) | (103.9%) | (76.4%) | (50.1%) | - | - | - |
| % EBITDA Margin | (676.2%) | (221.6%) | (92.9%) | (68.0%) | (49.4%) | - | - | - |
| NET Income (USD) | (23,174,000) | (24,894,000) | (20,527,000) | (19,624,000) | (12,343,000) | - | - | - |
| % Net Margin | (727.1%) | (212.6%) | (103.6%) | (76.6%) | (51.7%) | - | - | - |
Favro AB - employee data
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