Vinge has advised Industrifonden in connection with its investment in Footway, an e-trading company which sells shoes online. The investment was part of a new issue of shares under which Footway raised SEK 28 million from Industrifonden, eEquity and the company’s founders. One of the key figures in Footway is Daniel Mühlbach, who played a prominent role in the success of Lensway. The money will be used for Footway’s expansion in the Nordic region.
Industrifonden invests in small and medium sized companies which exhibit the potential for international growth. The fund has assets of SEK 3.8 billion and investments in 89 companies within the technology, cleantech, life science and industrial sectors.
Vinge’s team consisted of partner Johan Larsson and associate Martin Hall.