Joakim Kasbohm

Swedish Internet industry business website Breakit writes about our little baby Bokio filing its annual accounts. Breakit is reporting that the turnover in Bokio group was some SEK 145 million in 2023. That is an increase by 168% or SEK 91 million compared to the previous year. The result at the operating level improved by 60%, from minus 89 million to minus SEK 36 million. The results are partly driven by the collaboration with Svea Bank. Our co-founder and CEO, Viktor Stensson is quoted in the piece, stating that we had a good year in many ways with many big improvements in the product, which is also reflected in the results. It is absolutely a breakthrough year where we got leverage on the work done over a long period of time and we have set a new standard for how banking and accounting should work. Bokio wants to continue growing. Viktor says that we work according to the Rule of 40, i.e. that growth and profit margin together must amount to at least 40 percent, and that we are getting the resources from our new owner @visma to execute on this strategy: https://lnkd.in/didXPcWt

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📈 QPR Software's Interim report January-March 2024 has been published! 📈 QPR Software Plc reached one new milestone: Strong drive to push turnaround forward yielded positive result since third quarter 2019! Big thanks to our customers, team and all stakeholders. Special thanks from my side to Sanna Ekman, Laura Perksalo-Desvallons and super story teller Sanna Salo team. I also want to thank our new partner Greenstep to support in the process 🙌   📈SaaS net sales growth +15%, Software Net Sales growth 4% ✔️ EBITDA was 295 thousand euros (-36), a difference of 332 thousand euros from the comparison period  ✔️ The operating profit was 33 thousand euros (-287), a difference 320 thousand euros from the comparison period   ✔️ Profit before taxes was 13 thousand euros (-326), a difference 339 thousand euros from the comparison period 📈Outlook for fiscal year 2024 (Unchanged): SaaS revenue growth is assumed to be double-digit, and the entire software revenue is expected to grow in 2024. The company expects the operating result to improve significantly in fiscal year 2024. 👉Read all the details and QPR Software’s Interim Report January-March in full here: tps://shorturl.at/GOR46 #QPRSoftware #processmining #FinancialReport #Investors #nasdaqlisted #Inderes #DigitalTwinofanOrganization #DTO #interimreport #HelsinkiNasdaq

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Yo bro - check it out, new Crunchtune coming your way. DJ Lindeberg in da house delivering the Friday vibe. To remind about the important PR drop this week - Crunchfish provides and patents Digital Cash privacy - https://lnkd.in/dSqKjB-s here goes in gangsta hip hop style. PAY BY A WHISPER Crunchtune #03 Lyrics: Keeping it on the hush, ledger's discreet Pay with a whisper, now isn't that neat? Crunchfish brainiacs, they don't retreat They’re moving mountains while they’re skipping that beat Secure the bag, with no one knowing Stay in the dark, while your wealth's still growing Invisible moves, the future's showing With Crunchfish's touch, the privacy's flowing Offline payments, a covert symphony Coded silence, that's the epiphany CBDCs got that new kind of slick Pay on the low, that's the ultimate pick In a world where your data's always in play Crunchfish found a method to keep the spies at bay With a payment solution that's here to stay No trace left behind, not even gray From the screens to your pocket, an invisible link Spend your digital coin before you can blink No need to worry, no need to think Crunchfish got your back, before you sink Now lay it down on the blockchain, crunch time Crunchfish brains innovate, it's their prime Keep it silent, transactions off the line Digital Cash moves secret, that's the sign Privacy on lock, no trace to find Pay offline with CBDC, it's designed By the geeks so sleek, they redefine The future of money, and how we're aligned With that crypto key, transactions sublime Keep your pockets deep, identity's mime Faces of the currency, they're all faceless Encrypting every deal, it's a confidential basis Got that anon feature, talkin' discreet Tech so cold, leave no digital heat Crunchfish brainiacs, they don't retreat They're moving mountains while they're skipping that beat Step in this cryptoverse, we stay anonymous Moving through the market, our data stays autonomous No need for trails, breadcrumbs or evidence Just Crunchfish smarts, and transactions with confidence Stealth in the game, with CBDCs we transact No prying eyes, just privacy intact Trade in the shadows while the code interact Digital Cash revolution, now that's a fact They call it offline payment, a hidden transaction But Crunchfish made it simple, no complex action

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Yo bro - check it out, new Crunchtune coming your way. DJ Lindeberg in da house delivering the Friday vibe. To remind about the important PR drop this week - Crunchfish provides and patents Digital Cash privacy - https://lnkd.in/dSqKjB-s here goes in gangsta hip hop style. PAY BY A WHISPER Crunchtune #03 Lyrics: Keeping it on the hush, ledger's discreet Pay with a whisper, now isn't that neat? Crunchfish brainiacs, they don't retreat They’re moving mountains while they’re skipping that beat Secure the bag, with no one knowing Stay in the dark, while your wealth's still growing Invisible moves, the future's showing With Crunchfish's touch, the privacy's flowing Offline payments, a covert symphony Coded silence, that's the epiphany CBDCs got that new kind of slick Pay on the low, that's the ultimate pick In a world where your data's always in play Crunchfish found a method to keep the spies at bay With a payment solution that's here to stay No trace left behind, not even gray From the screens to your pocket, an invisible link Spend your digital coin before you can blink No need to worry, no need to think Crunchfish got your back, before you sink Now lay it down on the blockchain, crunch time Crunchfish brains innovate, it's their prime Keep it silent, transactions off the line Digital Cash moves secret, that's the sign Privacy on lock, no trace to find Pay offline with CBDC, it's designed By the geeks so sleek, they redefine The future of money, and how we're aligned With that crypto key, transactions sublime Keep your pockets deep, identity's mime Faces of the currency, they're all faceless Encrypting every deal, it's a confidential basis Got that anon feature, talkin' discreet Tech so cold, leave no digital heat Crunchfish brainiacs, they don't retreat They're moving mountains while they're skipping that beat Step in this cryptoverse, we stay anonymous Moving through the market, our data stays autonomous No need for trails, breadcrumbs or evidence Just Crunchfish smarts, and transactions with confidence Stealth in the game, with CBDCs we transact No prying eyes, just privacy intact Trade in the shadows while the code interact Digital Cash revolution, now that's a fact They call it offline payment, a hidden transaction But Crunchfish made it simple, no complex action

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What a June we've had at VIDAA! A record 2,34 billion hours of streaming, that is more than a quarter of a million years worth of streaming in just one month! And this is almost double the amount just a year ago. But what is the biggest achievement is the growth in streaming as a share of all TV consumption. Just under 50% of all TV consumption - this means linear over the antenna, satellite, even the use of HDMI ports for gaming and external devices - was done using streaming apps on our platform. With global distribution that goes beyond just the US and Western Europe, this is a remarkable achievement. This shows that we are enabling streaming revolution, which benefits everyone. It allows customers easier and faster access to content in a more affordable and flexible way. It saves content providers tons of money on distribution cost. It saves cable companies the cost of distributing and servicing additional hardware like set top boxes. And allows advertisers dynamic and targeted advertising option in people's living rooms. We are welcoming more partners to join the vidaa family.

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Why You Need to Prioritize Cashflow Management (above all else) for B2B SaaS Success. 💡 In a recent webinar, we spoke with Johan Castevall, CFO and SaaS investor, to uncover cash flow strategies for B2B SaaS Success. Now we have gathered some of the key cashflow-related takeaways in our blog. Discover practical tips, important financial metrics, and the role of automation in improving cash flows and more. 🚀 Read the full article here: https://hubs.ly/Q02CYWM-0

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Volue has just wrapped up reporting of the first quarter of 2024 with subsequent roadshows. We’ve had high quality investor meetings in Oslo, Stockholm and Helsinki that provides us with some clear takeaways:   📍Our annualized ARR base continues to draw attention, exceeding 1.2BNOK. 📍 Since listing in 2020, we’ve been able to deliver on our growth targets. In the period, operating revenues has gone from 892MNOK to 1525 MNOK over the last twelve months, building a track record that is well recognized and appreciated. 📍 SaaS revenues continue to outgrow ARR, which again is outgrowing operating revenues, building a revenue base to the liking of investors. 📍 Churn below 2% is a clear testament to the stickiness of the business critical solutions we provide for our customers, and an important metric for investors.  ✅ This quarter, we disclosed Net Retention Rate (NRR) for the first time, at 117% for 2023. The feedback we got had two elements to it. Firstly, it’s an impressive number. Secondly, along with our churn, ARR base and growth, it really complements our KPI’s and the Volue story, bringing clear evidence to our ability in growing customer relationships.   Thank you to Pareto Securities, Arctic Securities and SpareBank 1 Markets AS for organizing great meetings. Trond Straume, Arnstein Kjesbu, Gard Aarvik, Kristian Mørk Spetalen, Thomas Dowling Næss

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How did Spotify build an algorithm that actually seems to know what music you want to listen to? By consistently pushing to improve the experience for listeners. “We built similarity vectors between songs and playlists,” says Spotify Co-President, CPO & CTO Gustav Söderström. While these similarity vectors offered unique discovery experiences for listeners, the product still had limitations. "We had no genre understanding," says Soderstrom. To solve this challenge, Spotify acquired The Echo Nest, an intelligence company skilled in classifying music. “Then we could start building great sessions where we could actually promise you that this is going to be Swedish pop, or this is going to be this vibe, not just these songs are similar in a vector space," explains Söderström. Which products or companies have you seen leveraging AI in forward-thinking ways? Tell us in the comments. #BuildingOne, a podcast hosted by LinkedIn's Chief Product Officer Tomer Cohen, features insights from top product leaders. Click here to listen and follow: 🎧 Apple: https://lnkd.in/eevtFBQu 🎧 Spotify: https://lnkd.in/eZn_ymh9 🎬 Mary Wilson Aulistar Mark

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🏆BEST SEARCH INNOVATION🏆 Now that the dust has settled from NextM we can share that we won Best Search Innovation at IAB Sveriges Mixx Awards 2024 with Arken Zoo. This was an amazing work by Wavemaker Sweden, Acceleration Nordic and GroupM Sverige! The case was how Acceleration implemented a four-step process using GA4 to analyze customer behavior on Arken Zoo's website. This involved data cleaning, analysis, creating prediction scores for events, and then activating these insights in our search marketing strategy which allowed us to target users with a higher purchase intent and reach more relevant customers. The result was a 20% increase in revenue without additional budget and a step towards future-proofing for a cookieless future.

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We're excited to share our latest SaaS valuation insights report, focusing on the Translink SaaS Index (TSI). The full report is now accessible for download on our website (link in the comments) Key Highlights: 📉 No significant change in Nordic public valuations since Q3/2022: SaaS valuation multiples have remained subdued since late 2022. However, we expect valuations to revert closer to the long-term average over the next few quarters. Currently, the EV/LTM Sales multiple for TSI stands at 3.4x, significantly below its five-year average of 5.7x. 💡 Profitability Over Growth: Profitability has become the primary factor in the Ro40 figure, with only 5% of index constituents achieving growth over 40% in the last twelve months ending in Q1/’24. Upper quartile constituents are trading at 4.9x, with profitability making up over two-thirds of the median Ro40 figure. ⚖️ Valuation Convergence: The performance and valuations of vertical and horizontal SaaS companies have converged over the past two years. As of Q2/2024, vertical SaaS companies traded only about 20% higher in EV/LTM Sales compared to their horizontal counterparts. 💼 Nordic SaaS M&A Activity: Despite comparisons to peak years, the Nordic SaaS M&A market remained robust in Q2/2024. The median EV/Sales multiple for deals in H1/2024 was slightly lower than in 2023 (4.5x vs. 4.7x). Achieving double-digit multiples is challenging but still possible for high-quality assets. 🚀 SaaS Fundraising Spotlight: Nordic SaaS funding rounds have cooled from their peak levels in 2020 and 2021. In H1/2024, we observed fewer but larger rounds, with AI-first B2B SaaS companies attracting most of the capital. The median investment size increased from $1 million to $3 million, and the average from $5.7 million to $7.7 million, driven by a few $40 million+ rounds.

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Our SaaS Valuation Insights Q1/2024 report, concentrating on small and mid-sized Nordic SaaS companies, is now accessible for download on our website (link in the comments) Key observations: 📈Throughout Q1/’24, SaaS valuation multiples have remained close to their one-year averages. Presently, the EV/LTM Sales multiple for TSI stands at 3.2x, notably below its five-year average of 5.7x. 💼 In the first quarter of 2024, we continued to observe take private transactions which echo the pricing discrepancies between public and private valuations that we highlighted in our previous report. 💰 Profitability has surpassed growth as the primary factor behind the Ro40 figure – For upper quartile companies, profitability is contributing to nearly two-thirds of the Ro40 composite (Ro40 median was 48% for upper quartile in Q1/’24). 📊 Vertical SaaS companies typically outperform horizontal SaaS companies, resulting in a higher valuation multiple (29% higher in EV/LTM Sales compared to their horizontal counterparts in Q1/’24). 🤝 Nordic SaaS M&A activity stayed steady in Q1/2024. 🚀 Despite facing challenges, the SaaS sector has upheld its momentum, with Nordic SaaS companies garnering interest from global investors and competition for top-tier Nordic SaaS businesses is steadily intensifying. In Q1/’24, nearly 50% of the Nordic SaaS M&A transactions recorded involved financial investors.

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The importance of critical thinking and challenging assumptions with reliable data according to Swedish Academic Hans Rosling 👇 At Teamgage, we encourage continuous learning and knowledge sharing through a learning incentive tied to our bonus structure. As part of this Matthew Astachnowicz shared his insights from the book Factfulness by Hans Rosling. Here's some key takeaways for leaders ⤵ ➡ Our natural instincts are often wrong and contribute to a skewed understanding of the world. ➡ People inherently over-generalize and think certain outcomes are unavoidable. ➡ To see the world accurately, people need to take in multiple perspectives and avoid casting blame on individuals or groups. ➡ By using reliable data and applying critical thinking we can make more effective decisions This was an insightful learning, and a topic well aligned with the principles of the Teamgage platform and our approach to leadership. #LearningCulture #Teamgage #DataDrivenLeadership #ContinuousImprovement

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Today, Plural is doubling down on our team’s early investments in Helsing, a new type of defence AI company that believes that software, in particular AI, will be the key to protecting our democracies. We are fully behind their core mission to attain technological leadership so that democratic societies are free to make sovereign decisions and control their ethical standards. Having experienced first hand how ill equipped most democracies (old & new alike) were to ascertain their sovereignty I decided to back the Helsing team at the seed round following my partner Ian Hogarth who was involved from inception. We, alas correctly, expected for conflicts to escalate & that Europe’s only path towards protecting its sovereignty lied in technological leadership with ethics at its heart. We brought on board a number of European founders and operators equally committed to protecting European sovereignty and supporting the team as they navigated the escalation of conflict on the continent. Protection of European sovereignty, democratic values and open societies is not something we take lightly at Plural. A number of our team members have grown up on the repressive side of the Iron Curtain during the Cold War. Today 100M Europeans live on the Eastern flank of NATO, right next to the full scale war Russia is waging against its sovereign neighbour Ukraine on European soil. There is a critical and urgent need for investment in and development of world-class defence from Europe in teams with European values at the core. Having already backed some of the most ambitious founders addressing the world’s most critical challenges, we are proud to back Helsing’s world-class team, led by co-founders Torsten Reil, Dr. Gundbert Scherf & Niklas Köhler, that brings the highest ethical standards to defending democracy and freedom from Europe. They founded Helsing to help protect our democratic values and open societies, and they are taking a software-first approach to partnering with industry and governments to connect existing and new hardware platforms with advanced AI to keep our societies from harm. Read Bloomberg's coverage here: https://lnkd.in/gdTB-vap

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Better Collective Q1 2024 report: Strong start to 2024 with recurring revenue growth of 14% to 53 mEUR. This evening, we released our Q1 report for 2024, where we delivered a strong revenue performance: Group revenue grew by 8% to 95 mEUR, while recurring revenue grew 14% to 53 mEUR. We reported a strong EBITDA of 29 mEUR – as expected down 13% due to the one-off overperformance from Q1 in 2023 and our continued transition to recurring revenue in the US. We continue to have a strong focus on business diversification and are investing strategically in the development of our Adtech platform, AdVantage, which will further strengthen us in our journey towards becoming the leading digital sports media group. During the quarter, we also announced the successful completion of an accelerated bookbuild offering, raising gross proceeds of just over 1 bn Danish Kroner, which has positioned us favorably for future M&A. If you want to dive deeper into our numbers, the full Q1 report can be accessed here: https://lnkd.in/dDVH_ZYM

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We’re on the brink of a video content revolution with Sora and Veo. Both could radically change the game for marketers. From what I can gather, they are pretty close although Google seems to have a slight edge. Let's compare 𝗦𝗼𝗿𝗮: 🚀 Availability: Expected release in late 2024. 📺 Resolution: 1080p high-quality visuals. 👩‍🚀 Styles: From slow-mo time-lapses to dramatic aerial shots. 🎛️ Creative Control: Detailed prompts and incorporation of existing footage. 𝗩𝗲𝗼: 🚀 Availability: Currently offering a waitlist for early access. 📺Resolution: 1080p high-quality visuals. 👩‍🚀Styles: From slow-mo time-lapses to dramatic aerial shots. 🎛️ Creative Control: Detailed prompts and incorporation of existing footage. 🎬 Editing Features: Enhanced editing capabilities, such as adding missing backgrounds or special effects. Love the pace of innovation that this battle is driving. #ai  #marketing  #content --------------------------------------------- Fergus 👈 'tis me (Transforming Content Strategies with AI & Automation) 🔔 Ring da bell or 🔝Connect or Follow

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New era of content with Kontent.ai just started - look at the future of modern content management system with us!

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📢 entries.dk Has Launched! 🚀 Exciting news! We've officially launched entries.dk, a matchmaking platform designed to connect startups with investors who are passionate about supporting innovation. What is entries.dk? We're on a mission to simplify the fundraising process and empower startups to thrive. Our platform provides a space for startups to showcase their vision and connect with investors who share their goals. Stay Tuned! We're just getting started, and we have big plans for entries.dk. Stay tuned for updates as we continue to build and refine our platform to best serve the startup ecosystem. #entriesdk #startupfunding #investinginpeople #matchmakingplatform #launch #proud #innovation

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Here’s what’s happened the last two weeks in Retail and Commerce Media 🛒 💹 • Wolt has launched dedicated advertising options both for its local merchant partners (Wolt Ads for Merchants) and bigger international brands (Wolt Ads for Brands). The services are available across most of Wolt’s markets. https://lnkd.in/dacEZrKZ • Costco Wholesale plans to tap into the lucrative retail media and advertising market. The warehouse club intends to reinvest the extra advertising revenue into lower prices for its members, building on its commitment to share cost savings with its customers. https://lnkd.in/dMQ99Vks • Econsultancy has listed 15 stats that paint a picture of the growth in retail media networks and the context for it.  The article discusses the significant growth and importance of retail media networks in the marketing and e-commerce sectors, highlighting key statistics and trends from recent studies. With comparisons to traditional advertising channels like linear TV and insights into the challenges and strategies of brands and retailers, it emphasizes the burgeoning impact of retail media on overall advertising spend and the evolution of digital marketing practices in response to changes in data privacy and consumer behavior. https://lnkd.in/dUdegaGC • Skai's third annual State of Retail Media report was released. 2024 is shaping up to be a significant year for retail media as it grows in every direction — up the funnel, with more focus on video and CTV, the proliferation of off-site display ads, the adoption by non-endemic advertisers, innovative in-store opportunities, and partnerships with social publishers. https://lnkd.in/dBzXPS6g #retailmedianetworks #privacy #datacollaboration

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Have you heard about Voodoo's recent acquisition of BeReal for 5 billion SEK? It's big news, but it raises some important questions about the future of new advertising platforms. The challenge for BeReal isn't just about providing advanced features, formats and creatives. It's about being relevant. Right now, platforms like BeReal are seen as nice-to-haves rather than must-haves. However, if BeReal could be easily integrated into existing advertising ecosystems where media buyers already buy ads on Meta and TikTok, it could become much more appealing. Media buyers would be more likely to invest in BeReal if they could buy, analyze, and use its data alongside their other campaigns. What do you think? Can new platforms succeed by integrating into established ecosystems, or will they always struggle to gain market share? https://lnkd.in/gMtEF5Qv

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