STOAF III SCITECH INVESTS IN VOC DIAGNOSTICS
Stoaf III SciTech, Almi Invest and others invest 4,8 MSEK in VOC Diagnostics. It is part-financing of a further development and testing of its unique sensor-equipped instrument used for diagnosing ovarian cancer. VOC Diagnostics has recently employed Linda Spahiu as its CEO. The financing is to be used to complete the instrument for clinical use, clinical studies and CE certifcation.
SILICON VALLEY VC LEGEND CLIFFORD HIGGERSON INVESTS IN STOAF III SCITECH AND BECOMES ITS SENIOR ADVISOR
Cliff Higgerson, Palo Alto, CA, previous General Partner in several VC-funds in Silicon Valley invests in Stoaf III SciTech and accepts to become its Senior Advisor. "We are very happy to see the confidence of a Silicon Valley heavyweight such as Cliff shows for Stoaf by investing in our third fund" says the fund´s CEO and General Partner P A Wärn. "He will via his long and successful experience as General Partner in ComVentures and Vanguard Ventures contribute valuable competence to our GP team".
STOAF III SCITECH INVESTS IN THE AI & DEEP LEARNING COMPANY EMBEDL
EmbeDL, Gothenburg is a spin-off from a big EU-financed collaborative R&D project with Chalmers University. It has a unique technology for testing sophisticated components used by the automotive industry among other engineering industries. Co-investors are Almi Invest and Chalmers Ventures.
STOAF III SCITECH INVESTS IN FINTECH COMPANY LIMINA
STOAF III SciTech and Almi Invest invest in a first tranche 3 MSEK each in Limina, Stockholm. It has developed the asset management market´s first complete cloudbased asset management system for hedge and mutual funds. In the same financing round of 15 MSEK participates also Vidici II and Justin Wheatley – the founder of his recently sold listed StatPro participated among other participants. - LImina has a great opportunity to accelerate both sales and the continued development of the functionality of its system Captron. The company has the potential to reach a leading global position says P A Wärn, General Partner at STOAF who will take a seat at the board of directors.
LENNART LÜBECK ELECTED AS CHAIRMAN OF THE BOARD OF STOAF III SCITECH
Lennart Lübeck with a background as co-founder and CEO of the Industry Fund, CEO and Chairman of the Board of Rymdbolaget, Chairman of the Board of SMHI and more was elected Chairman of the Board of Stoaf's third fund by the Annual General Shareholders Meeting.
FI REGISTRATION AS AN AIF UNDER THE EUVECA LEGISLATION
In December 2019 Stoaf III Venture Partners got its EuVECA license.