We link opportunities for growth

Leading housing transaction platform Cetti raises smart capital from renowned investor syndicate

Scarp acted as advisor in Cetti’s (formerly known as BudID) latest fundraise, welcoming a group of strategic investors.

Cetti emerged from the idea that Sweden’s 170,000 annual housing buyers deserve a better way to verify their identities and finances – making the bidding process transparent, efficient and equitable. Today, Cetti is the new market standard with realtors, sellers, buyers and banks cooperating in real time. As of 2023, the platform handles more than 25% of all housing transactions in Sweden, has over 3,000 active realtors and is connected to 6 banks covering 60% of new mortgages in Sweden.

Cetti's services address the entire housing transaction, from advertising to closing. Digital services for real estate agents include Verified Bidding, where speculators identify themselves when bidding and verify their finances; Buyer’s Journey, ensuring a smooth and transparent housing purchase and Seller’s Journey, facilitating all steps of a sales process. For the banks, Cetti has built new digital solutions including object-specific loan promises and advance notice for mortgage, accelerating the digitization and automation of the mortgage processes.

The investor syndicate includes prominent fintech investors and entrepreneurs like Oliver Hildebrandt (Founder of Gilion, Zensum and Nstart), Johan Tjärnberg (Founder of Bambora and CEO at Trustly) and Christian Frick (Partner and Head of Financial Services at Nordic Capital).

The funding round provides both growth capital and a strengthened advisory board with deep network and industry experience, enabling Cetti to further expand its offering and accelerate their growth journey in Sweden and to new European markets.

For more information:
Dagens Industri

Contact
Gustaf Aniansson
Partner
gustaf@scarpgroup.com

About Scarp Group
Scarp is a boutique investment bank supporting growth companies in the private markets. We provide capital and deal advisory for Nordic entrepreneurs building the companies of tomorrow. We are an independent firm executing deals with innovative perspectives – working with efficiency, creativity and hands-on value creation. We build our business on long-term partnerships, taking our clients to their full potential. For more information, please visit www.scarpgroup.com

NEA Partners invest in digital-first publishing house Bookea Vulkan Group

Scarp acted as advisor to Bookea Vulkan Group in connection with the investment from NEA Partners.

Founded in 2008, Bookea is a leading, fast-growing, and innovative publishing group that, with its comprehensive offerings and digital tools, lowers the barriers of writing and publishing physical and digital books, as well as audio and e-books. The company operates primarily in three different business areas: Self-publishing, hybrid publishing, and traditional publishing under the brands Vulkan and Lava ("Publishing Services"), production of audio and e-books and podcasts ("Digital Production") and writing courses ("Master Class"). Since its founding, Bookea has assisted thousands of authors in publishing both physically and digitally, resulting in the release of over 10,000 unique book titles.

NEA Partners is a Swedish investment company focusing on minority investments in Nordic growth companies. Since its founding in 2017, NEA has invested in 20+ companies across a wide range of industries and completed 8 exits.

Bookea is currently established in the Nordics and the Baltics and will together with NEA embark on an expansion journey to establish its offering and concept in new geographical markets. NEA joins as a strategic partner along with existing shareholders Michael Storåkers, Jonas Svensson and Peter Norrman (CEO).

Scarp is looking forward to following Bookea as they continue their journey to reinvent book publishing.

For more information:
NEA press release

Contact
Gustaf Aniansson
Partner
gustaf@scarpgroup.com

About Scarp Group
Scarp is a boutique investment bank supporting growth companies in the private markets. We provide capital and deal advisory for Nordic entrepreneurs building the companies of tomorrow. We are an independent firm executing deals with innovative perspectives – working with efficiency, creativity and hands-on value creation. We build our business on long-term partnerships, taking our clients to their full potential. For more information, please visit www.scarpgroup.com

Leading waste management and recycling company Sortera acquires Circla Recycling

Scarp acted as advisor to the shareholders of Circla in the sale to leading Nordic waste collection company Sortera.

Circla was founded in 2011 by brothers Rickard and Marc Ericsson and the company has become a strong actor within construction waste management and recycling in the Stockholm region. In 2022, Circla achieved over SEK 60m in revenue with continued profitability. The company is known for its exceptional customer service and sustainability focus, establishing itself as one of the leading players in the industry.

Sortera is owned by the private equity firm Nordic Capital and the transaction marks Sortera’s 20^th acquisition since being founded in 2006. With the acquisition of Circla, Sortera Group increases their revenue to c. SEK 3.15bn. The deal will allow Sortera to strengthen its position and leading offering in the Swedish market.

Scarp is excited to follow the team’s journey of contributing to a more sustainable society and continuing to innovate the European recycling industry.

For more information:
Sortera press release

Contact
Axel Brenner
Partner
axel@scarpgroup.com

About Scarp Group
Scarp is a boutique investment bank supporting growth companies in the private markets. We provide capital and deal advisory for Nordic entrepreneurs building the companies of tomorrow. We are an independent firm who execute deals with fresh eyes and innovative perspectives. We build our business based on partnering up to take our clients to their full potential. For more information, please visit www.scarpgroup.com