Mandate Vinge advises Industrifonden in connection with its investment in "invisible cycle helmets"

May 27, 2011

Vinge has advised Industrifonden in connection with its investment in Hövding Sverige AB, a company which has developed a revolutionary type of cycle helmet which sits like a collar around the cyclist's neck. The collar contains a compressed airbag which is activated by sensors when an accident occurs.The company has raised new capital amounting to SEK 30 million through a SEK 20 million investment by Industrifonden and an SEK 10 million investment by the existing owners. The funds will be used to finance the launch of the new cycle helmet which will be avialble for sale in the autumn.
 
Industrifonden invests in small and medium sized Swedish companies with the potential for international expansion. The fund has access to approximately SEK 3 billion, SEK 1.5 billion of which is invested in approximately 90 companies within the technology, cleantech, life science and industrial sectors.
 
Vinge's team consisted of Johan Larsson and Johan Winnerblad, who was the responsible partner.

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