Schibsted Ventures

Quick read

Schibsted Ventures is the corporate venture capital arm of Schibsted ASA, founded in 2010 and headquartered in Stockholm, Sweden. It has made 111 investments to date, focusing on digital consumer and marketplace businesses across the Nordics and beyond. Since early 2023, the fund has sharpened its focus on models that complement Schibsted's core Nordic marketplace and media businesses.

Key facts

Founded

2010

Employees

10-20

Sectors

consumer, marketplace, generalist

Website

schibsted.com/about/we-are-schibsted/growth-and-investments/

Investment thesis

Schibsted Ventures backs disruptive, scalable digital businesses — with a sharpened focus since 2023 on marketplace and consumer models that can build on or complement Schibsted's core Nordic marketplace and media operations. Past successes like Blocket, Lendo, and Leboncoin inform an appetite for companies capable of becoming regional market leaders.

Recent activity

• Jan 2024investment
  Schibsted Ventures invested in Tings, a circular marketplace for second-hand goods, with founders Sondre Selbæk and Andreas Solbakken. cbinsights.com
• Oct 2023investment
  Schibsted Ventures invested in Scrimba, a code-learning platform with over one million users worldwide. linkedin.com
• Aug 2023investment
  Schibsted invested close to $1M in Gire, a car transportation company. cbinsights.com
• 2023investment
  Portfolio company Ingrid acquired Turnr, a returns-focused e-commerce company. Schibsted Ventures held stakes in both firms and sold its Turnr shares to Ingrid as part of the deal. ht.linkedin.com
• 2023investment
  Verdane led a €21M round into Ingrid, a Nordic software provider, with Schibsted Ventures participating. cbinsights.com
• 2023product
  Schibsted Growth (Schibsted Ventures) was wound down as a standalone investment entity and its activities were folded back into the parent company, Schibsted. nordic9.com
• Jan 2023leadership
  Jussi Lystimäki became Head of Schibsted Ventures effective January 1, with a stated shift toward marketplace business models closer to Schibsted's core operations. schibsted.com
• 2024leadership
  Andrew Kvålseth, who oversaw Schibsted's growth portfolio, venture activities, and M&A, left the company in July 2024 to become CEO of a listed company. He had been on Schibsted's Executive Management team since 2021. schibsted.com
• 2024investment
  Portfolio company Ingrid acquired return-process platform Turnr. Schibsted held shares in both companies and sold its Turnr stake to Ingrid as part of the transaction. vend.com
• 2023investment
  Schibsted Ventures led a 100 million SEK (€9M) late seed round in Stockholm-based SaaS delivery platform Ingrid. BLQ Invest, SEB, and Verdane co-invested. vend.com
• 2023investment
  Schibsted Ventures invested in circular marketplace app Tings alongside Spintop, FJ Labs, and Arkwright X. Tings uses AI to catalogue owned products and connect users to repair services and second-hand sales channels. schibsted.com
• 2023investment
  Schibsted Ventures bought a 4.5% stake in interactive code-learning platform Scrimba, purchasing shares directly from existing owners. Scrimba had over 1 million users and NOK 18.7M in 2022 revenue. vend.com

Notable investments

• TingsundisclosedJan 2024cbinsights.com
• ScrimbaundisclosedOct 2023linkedin.com
• GireundisclosedAug 2023cbinsights.com
• IngridundisclosedMar 2023ht.linkedin.com
• DemandoSeed (SEK 10.3M total)undisclosedschibsted.com
• IngridLate Seed2023vend.com
• TingsSeed2023schibsted.com
• ScrimbaSecondary2023vend.com
• NomonoSeed2022spintopventures.com
• DinteroFollow-on2022vend.com
• Gire MobilitySeries A2022schibsted.com
• DemandoSeed2022schibsted.com

Key people

Named individuals at the firm. We don't expose direct email or phone — use their LinkedIn for outreach.

• Jussi Lystimäki · SVP, Head of Schibsted Ventures
• Andrew Kvålseth · EVP Chief Investment Officer, Schibsted
• Sara Myrenfors · Investment Team
• Mats Staugaard · Investment Manager
• Christian Horn Hanssen · Investment Team
• Kristin Skogen Lund · CEO, Schibsted (parent)
• Stian Mathisen · Head of Ventures

Sources

• Schibsted Ventures investment portfolio | PitchBook
• New Head of Schibsted Ventures – increased focus on marketplace models | Schibsted
• Lystimäki to take the reins at Schibsted Ventures
• Growth & Investments | Schibsted
• Schibsted Ventures | LinkedIn
• https://schibsted.com/news/andrew-kvalseth-to-leave-schibsted/
• https://vend.com/news/schibsted-ventures-company-ingrid-acquires-turnr
• https://vend.com/news/schibsted-ventures-invests-in-the-delivery-experience-platform-ingrid
• https://schibsted.com/news/schibsted-ventures-invests-in-the-circular-marketplace-tings/
• https://vend.com/news/schibsted-ventures-invests-in-upskilling-company-scrimba
• https://spintopventures.com/norwegian-nomono-secures-nok-35-million-investment-led-by-schibsted-ventures/
• https://vend.com/news/schibsted-ventures-participates-in-dinteros-new-investment-round
• https://www.cbinsights.com/investor/schibsted-growth
• https://www.linkedin.com/posts/schibsted-asa_schibsted-ventures-invests-in-upskilling-company-activity-7117094313276157952-_M29?trk=public_profile_like_view
• https://ht.linkedin.com/company/schibsted-asa?trk=ppro_cprof
• https://nordic9.com/companies/schibsted-investor4629180656/

Other VCs in Sweden

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• Northzone · Multi-stage VC, Stockholm + London·
• EQT Ventures · Multi-stage VC, Stockholm·
• Industrifonden · Multi-stage VC, Stockholm·
• Luminar Ventures · Seed VC, Stockholm·
• Pale Blue Dot · Seed-stage VC, Sweden

Explore VCs by sector

• Consumer in Sweden
• Marketplace in Sweden

Globally

• Consumer worldwide
• Marketplace worldwide

Frequently asked