NFT Ventures buys Collector Ventures portfolio for SEK 330M.
The transaction was valued at SEK 330M ($38M), on a debt-free basis, made for getting the equity holdings in 26 companies. According to Collector's CFO Peter Olsson, the value from the books is SEK 321M ($36.6M) while the bank had invested through its vehicle roughly SEK 250M ($28.5M) since 2016.
Collector Bank has been looking for an exit for its investment vehicle since 2019 for overall internal profitability reasons.
NFT Ventures was founded in 2014 by the media group Bonnier as an investment company with focus on the financial technology sector. In 2019, Bonnier sold its equity position in the company to Global Fintech Industries (GFI), owned by Håkan Roos, of RoosGruppen AB fame.