Tag: invests R22m into a Stockholm IoT startup

Knife Capital, alongside Candy Crush co-founders, invests R22m into a Stockholm IoT startup

Knife Capital, alongside Candy Crush co-founders, invests R22m into a Stockholm IoT startup

Business
Knife Capital, a Cape Town-based venture capital firm has made its first global investment since opening the London office in a Stockholm-based IoT specialist. The Cape Town-based firm has participated in a R22m funding round by Stockholm-based Mobile and Sensory Technology (MOST). Knife Capital invested alongside some of Europe’s most successful new age entrepreneurs – the founders of the British and Swedish games studio: King Digital Entertainment. According to Bob Skinstad who heads up the business development function for Knife Capital in London and responsible for securing the deal: “We are excited to partner with an accomplished team and credible co-investors in this technology-rich IoT startup that already has a proven product. Knife Capital will assist MOST in expanding into ke