Early-stage growth investment firm Bridgepoint Growth has invested in TicTac Interactive, a provider of corporate e-learning solutions.
The investment was made by Bridgepoint Growth I, a fund that makes growth capital investments, typically in businesses with significant UK or Nordic operations seeking equity investment between €5 million and €20 million.
Headquartered in Malmo, Sweden, TicTac provides solutions to more than 500 enterprise and mid-sized corporates in the Nordics across a range of sectors.
TicTac stated it is pursuing several organic initiatives including growing its existing customer base, adding products and further penetrating the recently entered markets of Norway and Finland. TicTac also intends to widen its geographic footprint through bolt-on acquisitions.
TicTac’s founder and chief executive Carolina Faxe said: “After successfully expanding into Norway and Finland TicTac has reached the stage where it recognises the value of having a partner to support our continued growth plans. We are an ambitious company with a clear vision to become the leading ed tech business for corporates across Northern Europe, and Bridgepoint’s international presence and experience in supporting software businesses will help us to take TicTac to the next level.”
Ann Dahlman, a partner at Bridgepoint Growth responsible for its investment activities in the Nordic region, added: “TicTac continues to go from strength to strength and we are excited to join the management team on the next phase of the development of TicTac. They offer best-in-class corporate learning products and a highly customer-centric offering which we look forward to building on, as we develop an even stronger tech offering and look to grow the company in new international markets.”
Advisors involved in the transaction for Bridgepoint were White & Case (legal), Strategy& (commercial), KPMG (financial and tax), and for TicTac: HDR (corporate finance) and Vinge (legal).
Date published: 20 August 2021