Swedish edtech challenger reveals strong traction and profitability for 2023

Manico, a venture in Katalysen Ventures' portfolio, is a pioneering Swedish ed-tech company specializing in the development and sale of an innovative software-hardware platform. This platform is designed to foster collaborative learning not only within educational institutions but also in diverse settings like museums, hospitals, hotels, restaurants, and elderly homes. The company has exceeded expectations, revealing robust traction and announcing the closure of a funding round to meet soaring demand.

With an impressive annual revenue growth of 225%, Manico has experienced a remarkable surge in forecasted sales for its integrated hardware-software offering. The value of the company’s validated pipeline has surged an estimated 300% over the last twelve months. 

As a result of the project to prepare the company for a public market environment, the company has gained the attention of an increasing number of institutional investors who recognize its potential and maturing status. The company is now entering its busiest sales period of the year, yet is already reporting profitability for 2023.

To meet escalating demand and maintain crucial velocity, the company has successfully closed a 2M SEK bridge round in collaboration with Katalysen Ventures. This round, closed at an increased valuation, saw participation from new angel investors, additional board members, segments of the operational team, and Katalysen Ventures.