{"id":7757,"date":"2020-09-21T15:17:00","date_gmt":"2020-09-21T13:17:00","guid":{"rendered":"https:\/\/www.emergers.se\/?p=7757"},"modified":"2020-12-11T12:42:13","modified_gmt":"2020-12-11T11:42:13","slug":"capsek_a","status":"publish","type":"post","link":"https:\/\/dev.emergers.se\/en\/capsek_a\/","title":{"rendered":"Investing in the inflection point when startup turns into scale-up"},"content":{"rendered":"<div data-elementor-type=\"wp-post\" data-elementor-id=\"7757\" class=\"elementor elementor-7757\" data-elementor-settings=\"[]\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-730ec34 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"730ec34\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-55668e0\" data-id=\"55668e0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d7921a2 elementor-widget elementor-widget-text-editor\" data-id=\"d7921a2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<ul><li><h5><span style=\"color: #000000;\">Investeringar i bevisade aff\u00e4rsmodeller <\/span><\/h5><\/li><li><h5><span style=\"color: #000000;\">Fokus p\u00e5 uppskalning av int\u00e4kterna <\/span><\/h5><\/li><li><h5><span style=\"color: #000000;\">Unik modell f\u00f6r att hitta b\u00e4sta bolagen i tidig fas minimerar riskerna<\/span><\/h5><\/li><\/ul>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0662324 elementor-widget elementor-widget-text-editor\" data-id=\"0662324\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><span style=\"color: #ff5634;\"><strong>ANALYS NORTHERN CAPSEK VENTURES <\/strong><\/span> I vanliga fall \u00e4r privatinvesterare h\u00e4nvisade till att l\u00e4sa om hur s\u00e5 kallade Venture Capital-firmor genom tidiga investeringar i startups f\u00f6ljt med p\u00e5 fantastiska v\u00e4rde\u00f6kningar i snabbv\u00e4xande teknikbolag. I b\u00e4sta fall har privatspararna sj\u00e4lva f\u00e5tt investera n\u00e4r dessa succ\u00e9er v\u00e4l n\u00e5tt b\u00f6rsen, om de ens g\u00f6r det. Andra privatinvesterare har v\u00e5gat sig p\u00e5 s\u00e5 kallade \u00e4ngelinvesteringar som normalt sett g\u00f6rs i en v\u00e4ldigt tidig fas och inneb\u00e4r stora risker, ofta med blandade resultat som har f\u00e5 likheter med Spotify eller Klarnas tidiga investerare. Men f\u00f6r de allra flesta som saknar ett kapital p\u00e5 \u00e5tskilliga miljoner f\u00f6r varje enskild investering, har d\u00f6rren till VC-firmornas mystiska v\u00e4rld hittills varit st\u00e4ngd.<\/p><p>&#8211; Vi riktar in oss p\u00e5 segmentet tillv\u00e4xtbolag med bevisade aff\u00e4rsmodeller som beh\u00f6ver expansionskapital f\u00f6r en uppskalning av verksamheten. \u00c4ven om vi fokuserar p\u00e5 bolag som \u00e4r exponerade mot digitaliseringen av samh\u00e4llet s\u00e5 tittar vi inte p\u00e5 n\u00e5gon speciell bransch utan letar efter skalbara aff\u00e4rsmodeller, s\u00e4ger Henrik Jerner, vd p\u00e5 Northern CapSek Ventures.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6a8879b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6a8879b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a6723ed\" data-id=\"a6723ed\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-30b48b1 elementor-blockquote--skin-quotation elementor-blockquote--button-color-official elementor-widget elementor-widget-blockquote\" data-id=\"30b48b1\" data-element_type=\"widget\" data-widget_type=\"blockquote.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<blockquote class=\"elementor-blockquote\">\n\t\t\t<p class=\"elementor-blockquote__content\">\n\t\t\t\tVi har en unik aff\u00e4rsmodell baserad p\u00e5 samarbeten med akt\u00f6rer som investerar i tidigare fas \u00e4n vi sj\u00e4lva, vilket ger b\u00e5de rigor\u00f6s gallring av de b\u00e4sta kvalitetsbolagen och en  kostnadseffektiv organisation.\n\t\t\t<\/p>\n\t\t\t\t\t\t\t<footer>\n\t\t\t\t\t\t\t\t\t\t\t<cite class=\"elementor-blockquote__author\">Henrik Jerner, vd Northern CapSek Ventures<\/cite>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/footer>\n\t\t\t\t\t<\/blockquote>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-5929ad2\" data-id=\"5929ad2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d397e68 elementor-widget elementor-widget-image\" data-id=\"d397e68\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t<figure class=\"wp-caption\">\n\t\t\t\t\t\t\t\t\t\t<img width=\"1024\" height=\"576\" src=\"https:\/\/dev.emergers.se\/wp-content\/uploads\/2020\/09\/Henrik-200601-1024x576.jpg\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/dev.emergers.se\/wp-content\/uploads\/2020\/09\/Henrik-200601-1024x576.jpg 1024w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2020\/09\/Henrik-200601-300x169.jpg 300w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2020\/09\/Henrik-200601-768x432.jpg 768w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2020\/09\/Henrik-200601-1536x863.jpg 1536w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2020\/09\/Henrik-200601-2048x1151.jpg 2048w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/>\t\t\t\t\t\t\t\t\t\t\t<figcaption class=\"widget-image-caption wp-caption-text\">Henrik Jerner, vd Northern CapSek Ventures<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-89972e0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"89972e0\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1c080b3\" data-id=\"1c080b3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-68eff1f elementor-widget elementor-widget-text-editor\" data-id=\"68eff1f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Efter 13 \u00e5r p\u00e5 Sj\u00e4tte AP-fonden, den av statens pensionsfonder som \u00e4r specialiserad p\u00e5 just investeringar i onoterade innehav i uppstarts- och tillv\u00e4xtfas, s\u00e5 vet Henrik Jerner vad han talar om. Tillsammans med Peter Wendel som \u00e4r styrelseordf\u00f6rande och har 25 \u00e5rs erfarenhet av startups, utg\u00f6r Henrik Jerner k\u00e4rnan i ett litet men tungt garde av \u00e4rrade investerare som navigerar en startup-v\u00e4rld som annars g\u00e4rna associeras med unga talanger med stora ambitioner men begr\u00e4nsad erfarenhet.<\/p><p><strong>NORTHERN CAPSEK INVESTERAR<\/strong> i bolag d\u00e4r aff\u00e4rsmodellen \u00e4r bevisad och m\u00e5lbolaget tar in expansionskapital i en s\u00e5 kallad A-runda. Fokus ligger p\u00e5 bolag vars tillv\u00e4xt drivs av digitaliseringen av samh\u00e4llet, g\u00e4rna inom omr\u00e5dena Software as a Service (\u201dSaaS\u201d), Internet of Things (\u201dIoT\u201d), Computer Gaming (datorspel) eller AI\/Machine Learning.<\/p><p>Northern CapSek erbjuder sina investerare en indirekt exponering mot dessa tillv\u00e4xtbolag, d\u00e4r det normalt \u00e4r sv\u00e5rt f\u00f6r privatinvesterare att investera. M\u00e5let \u00e4r att minska risken i investeringarna genom en diversifierad portf\u00f6ljsammans\u00e4ttning och att investera i bolag som genomg\u00e5tt en gallringsprocess.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7133aee elementor-aspect-ratio-169 elementor-widget elementor-widget-video\" data-id=\"7133aee\" data-element_type=\"widget\" data-settings=\"{&quot;video_type&quot;:&quot;vimeo&quot;,&quot;autoplay&quot;:&quot;yes&quot;,&quot;play_on_mobile&quot;:&quot;yes&quot;,&quot;mute&quot;:&quot;yes&quot;,&quot;loop&quot;:&quot;yes&quot;,&quot;aspect_ratio&quot;:&quot;169&quot;}\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-wrapper elementor-fit-aspect-ratio elementor-open-inline\">\n\t\t\t<iframe class=\"elementor-video-iframe\" allowfullscreen title=\"vimeo Video Player\" src=\"https:\/\/player.vimeo.com\/video\/410547665?autoplay=1&amp;playsinline=1&amp;color&amp;autopause=0&amp;loop=1&amp;muted=1&amp;title=0&amp;portrait=0&amp;byline=0#t=\"><\/iframe>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-19f78f4 elementor-widget elementor-widget-text-editor\" data-id=\"19f78f4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Hoodin, noterat p\u00e5 Spotlight \u00e4r ett av Northern CapSek Ventures portf\u00f6ljinnehav.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ba70969 elementor-widget elementor-widget-text-editor\" data-id=\"ba70969\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>&#8211; Vi har en unik aff\u00e4rsmodell som inneb\u00e4r att vi har samarbeten med andra akt\u00f6rer som investerar i tidigare fas \u00e4n vi sj\u00e4lva g\u00e5r in i. Det h\u00e4r g\u00f6r att vi b\u00e5de f\u00e5r en rigor\u00f6s gallring f\u00f6r att f\u00e5 fram de b\u00e4sta kvalitetsbolagen men ocks\u00e5 att vi f\u00e5r en v\u00e4ldigt slimmad och kostnadseffektiv organisation.<\/p><p>N\u00e4tverket av samarbetspartners kan liknas vid mer strukturerade \u00e4ngelinvesterare, som g\u00f6r tidigare investeringar och tar en h\u00f6gre risk \u00e4n Northern CapSek Ventures. En av Northern CapSeks partners \u00e4r 1337works, vars aff\u00e4rsid\u00e9 \u00e4r att bygga upp startupbolag fr\u00e5n grunden tillsammans med erfarna entrepren\u00f6rer. Andra samarbetspartners \u00e4r Ekapaif AB i G\u00f6teborg, Starbright Invest i J\u00f6nk\u00f6ping och I Love Lund i Lund. D\u00e4rtill kommer informella samarbeten med ytterligare tre investeringsplattformar i s\u00f6dra Sverige.<\/p><p>&#8211; Det \u00e4r plattformar som investerar i start-ups som till stora delar g\u00f6r jobbet \u00e5t oss. Men n\u00e4r deras bolag g\u00e5r in i n\u00e4sta fas, scale-up kommer de till oss som har det kapital bolagen beh\u00f6ver f\u00f6r att komma vidare. D\u00e5 bed\u00f6mer vi att v\u00e5ra m\u00e5lbolag har en v\u00e4rdering omkring 30-80 miljoner kronor, f\u00f6rklarar Henrik Jerner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-43e7cdc elementor-widget elementor-widget-image\" data-id=\"43e7cdc\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t<img width=\"610\" height=\"346\" src=\"https:\/\/dev.emergers.se\/wp-content\/uploads\/2020\/09\/Skarmavbild-2020-09-20-kl.-16.06.07.png\" class=\"attachment-large size-large\" alt=\"\" srcset=\"https:\/\/dev.emergers.se\/wp-content\/uploads\/2020\/09\/Skarmavbild-2020-09-20-kl.-16.06.07.png 610w, https:\/\/dev.emergers.se\/wp-content\/uploads\/2020\/09\/Skarmavbild-2020-09-20-kl.-16.06.07-300x170.png 300w\" sizes=\"(max-width: 610px) 100vw, 610px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0c19cb4 elementor-widget elementor-widget-text-editor\" data-id=\"0c19cb4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Illustration av AppSpotrs erbjudande, ett verktyg f\u00f6r utveckling av appar f\u00f6r anv\u00e4ndare utan tidigare programmeringskunskaper. AppSpotr \u00e4r ett av Northern CapSek Ventures portf\u00f6ljinnehav.\u00a0<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-18b5112 elementor-widget elementor-widget-text-editor\" data-id=\"18b5112\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><b>NORTHERN CAPSEK HAR <\/b>nu fyra investeringar i portf\u00f6ljen, dels de p\u00e5 Spotlight noterade Appspotr och Hoodin. Appspotr har nyligen lanserat den tredje generationen av sin s\u00e5 kallade low-code-plattform som \u00e4r ett verktyg f\u00f6r utveckling av appar utan behov av tidigare programmeringskunskaper. Man har \u00e4ven st\u00f6pt om sin aff\u00e4rsmodell och nu ligger fokus p\u00e5 att f\u00e5nga den starkt \u00f6kande efterfr\u00e5gan. Hoodin \u00e4r ett informationsinsamlingsverktyg som f\u00f6rutom att scanna traditionella databaser \u00e4ven scannar sociala medier. Tj\u00e4nsten omfattar ett rapportverktyg f\u00f6r f\u00f6retag och s\u00e4ljs som prenumerationstj\u00e4nst. D\u00e4rtill ing\u00e5r onoterade Glase Fintech i portf\u00f6ljen som s\u00e5lde sin operativa verksamhet 2019.<\/p><p>Det senaste tillskottet till portf\u00f6ljen \u00e4r PubQ som erbjuder ny typ av kassasystem f\u00f6r restaurangbranschen i appformat. I appen kan krogg\u00e4ster sk\u00f6ta b\u00e5de best\u00e4llningar och betalningar digitalt, oavsett om de best\u00e4ller take away eller sitter i restaurangen. Med PubQ:s app f\u00e5r restaurangerna \u00e4ven tillg\u00e5ng till ett lojalitetsprogram, ett bordsbokningssystem och m\u00f6jligheter till marknadsf\u00f6ring. CapSek \u00e4ger ca 1 procent av bolaget.<\/p><p>\u2013 PubQ har en unik tj\u00e4nst och vi ser en stor potential i bolaget. Vi ser tecken p\u00e5 att PubQs aff\u00e4rsmodell fungerar. Den mindre investering vi g\u00f6r nu kan ses som en strategisk titth\u00e5lsinvestering f\u00f6r att kunna investera mer i den kommande A-rundan, s\u00e4ger Henrik Jerner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-11fdb54 elementor--h-position-center elementor--v-position-middle elementor-arrows-position-inside elementor-pagination-position-inside elementor-widget elementor-widget-slides\" data-id=\"11fdb54\" data-element_type=\"widget\" data-settings=\"{&quot;navigation&quot;:&quot;both&quot;,&quot;autoplay&quot;:&quot;yes&quot;,&quot;pause_on_hover&quot;:&quot;yes&quot;,&quot;pause_on_interaction&quot;:&quot;yes&quot;,&quot;autoplay_speed&quot;:5000,&quot;infinite&quot;:&quot;yes&quot;,&quot;transition&quot;:&quot;slide&quot;,&quot;transition_speed&quot;:500}\" data-widget_type=\"slides.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-swiper\">\n\t\t\t<div class=\"elementor-slides-wrapper elementor-main-swiper swiper-container\" dir=\"ltr\" data-animation=\"fadeInUp\">\n\t\t\t\t<div class=\"swiper-wrapper elementor-slides\">\n\t\t\t\t\t<div class=\"elementor-repeater-item-2c11021 swiper-slide\"><div class=\"swiper-slide-bg\"><\/div><div class=\"swiper-slide-inner\" ><div class=\"swiper-slide-contents\"><div class=\"elementor-slide-description\">PubQ <\/div><\/div><\/div><\/div><div class=\"elementor-repeater-item-0e39f5a swiper-slide\"><div class=\"swiper-slide-bg\"><\/div><div class=\"swiper-slide-inner\" ><div class=\"swiper-slide-contents\"><div class=\"elementor-slide-description\">PubQ<\/div><\/div><\/div><\/div>\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"swiper-pagination\"><\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-swiper-button elementor-swiper-button-prev\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"eicon-chevron-left\"><\/i>\t\t\t\t\t\t\t<span class=\"elementor-screen-only\">Previous<\/span>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<div class=\"elementor-swiper-button elementor-swiper-button-next\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"eicon-chevron-right\"><\/i>\t\t\t\t\t\t\t<span class=\"elementor-screen-only\">Next<\/span>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-de6e447 elementor-widget elementor-widget-text-editor\" data-id=\"de6e447\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Northern CapSek Ventures portf\u00f6ljinnehav PubQ erbjuder restauranger en ny typ av kassasystem i appformat.\u00a0<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-94e628b elementor-widget elementor-widget-text-editor\" data-id=\"94e628b\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>NORTHERN CAPSEK GENOMF\u00d6R<\/strong> investeringar i portf\u00f6ljbolag genom deltagande i kontanta nyemissioner i kombination med betalning i CapSek-aktier f\u00f6r befintliga \u00e4gare som vill minska sina innehav. F\u00f6r att \u00f6ka attraktiviteten av bolagets egen aktie som betalmedel noterade Northern CapSek sin aktie p\u00e5 NGM i juli i \u00e5r, samtidigt som man fyllde p\u00e5 kassan med 9 mkr f\u00f6r nya investeringar.<\/p><p>&#8211; Idag p\u00e5g\u00e5r en debatt om att det saknas tillg\u00e5ng till riskkapital utanf\u00f6r Stockholm. Med v\u00e5rt fokus p\u00e5 s\u00f6dra Sverige, huvudsakligen G\u00f6teborg, d\u00e4r vi har kontor, och Malm\u00f6 s\u00e5 hoppas vi kunna balansera det lite. Eftersom vi kommer in i en relativt tidig fas, d\u00e5 bolagen bevisat aff\u00e4rsmodellerna men inte f\u00e5tt upp v\u00e4rderingarna, s\u00e5 tror vi p\u00e5 en snabb v\u00e4rdeutveckling och betydande v\u00e4rde\u00f6kningar, p\u00e5 som minst 20 procent i snittavkastning per \u00e5r, s\u00e4ger Henrik Jerner.<\/p><p>Northern CapSek har sj\u00e4lvt en blygsam v\u00e4rdering p\u00e5 20 mkr. De noterade innehaven uppg\u00e5r till ett v\u00e4rde p\u00e5 knappa h\u00e4lften av det. D\u00e4rtill kommer \u00e4gandet i Glase Fintech och den \u201dstrategiska titth\u00e5lsinvesteringen\u201d i PubQ.<\/p><p>\u00c4ven om AppSpotrs aktiekurs rusat med 60 procent sedan Northern CapSek noterades i somras, s\u00e5 ligger det stora v\u00e4rdet i bolaget och den stora potentialen f\u00f6r v\u00e4rdeskapande, i Northern CapSeks strukturerade partnermodell f\u00f6r att hitta och gallra fram de mest lovande tillv\u00e4xtbolagen och m\u00f6jligheten att investera i inflexionspunkten n\u00e4r start-up \u00f6verg\u00e5r i scale-up, en punkt d\u00e4r det \u00e4n s\u00e5 l\u00e4nge \u00e4r f\u00e5 f\u00f6runnat att g\u00f6ra direktinvesteringar i den sortens bolag.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-62c4c7c elementor-list-item-link-inline elementor-align-left elementor-icon-list--layout-traditional elementor-widget elementor-widget-icon-list\" data-id=\"62c4c7c\" data-element_type=\"widget\" data-widget_type=\"icon-list.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-icon-list-items\">\n\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/capsek.se\/\" target=\"_blank\" rel=\"noopener\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-external-link-alt\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Northern CapSek Ventures hemsida<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.avanza.se\/aktier\/om-aktien.html\/1112420\/northern-capsek-ventures\" target=\"_blank\" rel=\"noopener\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-external-link-alt\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Northern CapSek Ventures p\u00e5 Avanza<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item\">\n\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/www.nordnet.se\/marknaden\/aktiekurser\/17296013-northern-cap-sek-ventures\" target=\"_blank\" rel=\"noopener\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-external-link-alt\"><\/i>\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text\">Northern CapSek Ventures p\u00e5 Nordnet<\/span>\n\t\t\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bdd6546 elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"bdd6546\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a8003f9 elementor-widget elementor-widget-text-editor\" data-id=\"a8003f9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>Johan Widmark | Tel: 0739196641 | Mail: <a href=\"mailto:johan@emergers.se\">johan@emergers.se<\/a><\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4cbaf1c elementor-widget elementor-widget-text-editor\" data-id=\"4cbaf1c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>DISCLAIMER<\/strong><br>Information som tillhandah\u00e5lls p\u00e5 eller via denna webbplats \u00e4r inte avsedd att vara finansiell r\u00e5dgivning. Emergers mottar ers\u00e4ttning f\u00f6r att skriva om bolaget p\u00e5 den h\u00e4r sidan. Bolaget har givits m\u00f6jlighet att p\u00e5verka faktap\u00e5st\u00e5enden f\u00f6re publicering, men prognoser, slutsatser och v\u00e4rderingsresonemang \u00e4r Emergers egna. F\u00f6r att undvika intressekonflikter har Emergers skribenter inga innehav i de noterade bolag vi skriver om. Analysartiklar skall ej betraktas som en rekommendation eller uppmaning att investera i bolagen som det skrivs om. Emergers kan ej garantera att de slutsatser som presenteras i analysen kommer att uppfyllas. Emergers kan ej h\u00e5llas ansvariga f\u00f6r vare sig direkta eller indirekta skador som orsakats av beslut fattade p\u00e5 grundval av information i denna analys. Investerare uppmanas att komplettera med ytterligare material och information samt konsultera en finansiell r\u00e5dgivare inf\u00f6r alla investeringsbeslut. F\u00f6r fullst\u00e4ndiga villkor se <a href=\"https:\/\/dev.emergers.se\/en\/privacy-policy\/\">here<\/a>.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d2aec6e elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"d2aec6e\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-4307e91 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4307e91\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-18ab8b9\" data-id=\"18ab8b9\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"<div class=\"tmnf_excerpt\"><p>Med investeringar i bevisade aff\u00e4rsmodeller som st\u00e5r inf\u00f6r en uppskalning av int\u00e4kterna r\u00e4knar Northern CapSek Ventures med en snabb v\u00e4rdetillv\u00e4xt fram\u00f6ver. Baserat p\u00e5 bolagets modell f\u00f6r att hitta och investera i de b\u00e4sta scaleup-bolagen siktar det erfarna teamet bakom Northern CapSek p\u00e5 en snittavkastning p\u00e5 minst 20 procent per \u00e5r.<\/p>\n<\/div>","protected":false},"author":1,"featured_media":7838,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"spay_email":""},"categories":[39],"tags":[45,43],"jetpack_featured_media_url":"https:\/\/dev.emergers.se\/wp-content\/uploads\/2020\/09\/CAPSEK-Front-high.jpg","_links":{"self":[{"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/posts\/7757"}],"collection":[{"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/comments?post=7757"}],"version-history":[{"count":88,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/posts\/7757\/revisions"}],"predecessor-version":[{"id":8306,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/posts\/7757\/revisions\/8306"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/media\/7838"}],"wp:attachment":[{"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/media?parent=7757"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/categories?post=7757"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.emergers.se\/en\/wp-json\/wp\/v2\/tags?post=7757"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}