Minna Technologies AB
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Minna Technologies AB - overview
Established
2016
Location
Goteborg, -, Sweden
Primary Industry
Software
About
Based in Sweden, and founded in 2016 by Joakim Sjöblom (CEO), Jonas Karles, and Marcus Lönnberg Minna Technologies AB operates as a software company that provides subscription management that connects banks and fintech with subscription businesses. In January 2021, Minna Technologies AB raised EUR 15. 5 million in series B funding led by new investor Element Ventures, with participation from another investor Nineyards Equity. Minna Technologies AB is a company that develops a platform for managing subscriptions, specifically designed to assist consumers in optimizing or terminating their subscription services.
Furthermore, the company offers an application where users can discover and view all active subscriptions, explore more cost-effective alternatives, or cancel unnecessary services. Additionally, the platform facilitates the comparison and switching of energy, mobile, and broadband services, empowering users to effortlessly manage their monthly payments for subscriptions and memberships in a convenient, trustworthy, and secure manner. Minna Technologies AB plans to use the January 2021 funds to help retail banks enable their subscription management offering.
Current Investors
Swedbank, Visa Inc., Zenith Capital
Primary Industry
Software
Sub Industries
e-Financial, Accounting/Finance Software, Application Integration Software
Website
www.minnatechnologies.com
Verticals
Cloud Computing, FinTech, Mobile Apps
Company Stage
Acquired
Total Amount Raised
Subscriber access only
Minna Technologies AB - timeline of key events
Minna Technologies 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 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | - | - | 965,645 | 184,230 | 8,510,716 | 5,455,364 | 18,194,995 | 19,429,063 | - | - | - |
| % Revenue Growth (YoY) | - | - | - | (80.9%) | 4519.6% | (35.9%) | 233.5% | 6.8% | - | - | - |
| EBITDA (USD) | (9,115) | (145,149) | (201,145) | (4,391,392) | (3,981,834) | (24,432,720) | (33,748,283) | (54,743,146) | - | - | - |
| Operating Income (USD) | (9,115) | (184,567) | (253,702) | (4,516,143) | (6,378,696) | (27,921,667) | (37,305,727) | (62,110,991) | - | - | - |
| Operating Margin | - | - | (26.3%) | (2451.4%) | (74.9%) | (511.8%) | (205.0%) | (319.7%) | - | - | - |
| % EBITDA Margin | - | - | (20.8%) | (2383.6%) | (46.8%) | (447.9%) | (185.5%) | (281.8%) | - | - | - |
| NET Income (USD) | (11,635) | (198,707) | (292,803) | (4,655,768) | (6,704,774) | (29,192,995) | (37,589,348) | (62,870,904) | - | - | - |
| % Net Margin | - | - | (30.3%) | (2527.1%) | (78.8%) | (535.1%) | (206.6%) | (323.6%) | - | - | - |
Minna Technologies AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | Minna Technologies AB | - | ||||||||
| Series B | Completed | Minna Technologies AB | - | ||||||||
| Series A | Completed | Minna Technologies AB | - | ||||||||
| Series A | Completed | Minna Technologies AB | - |
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Minna Technologies AB - employee data
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