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Sweet Capital

Europe, Stockholms Lan, Sweden, Stockholm

Description

Sweet Capital is a venture capital firm established by the co-founders of King.com, the renowned creators of the mobile gaming sensation Candy Crush Saga. Leveraging the deep operational expertise and insights gained from scaling a global consumer technology giant, Sweet Capital focuses on deploying capital into promising consumer technology companies worldwide. Their investment thesis is rooted in supporting founders who are building products with strong network effects, engaging user experiences, and significant market potential, often drawing parallels to the principles that drove King's immense success.

The firm primarily targets early-stage investments, typically participating in Seed and Series A rounds. Sweet Capital is known for its hands-on approach, offering strategic guidance and operational support to its portfolio companies, beyond just capital. They seek to partner with entrepreneurs who are developing innovative solutions in areas such as gaming, social platforms, e-commerce, and content creation. Their typical initial cheque sizes range from $500,000 for seed-stage companies up to $5,000,000 for Series A rounds, reflecting their commitment to providing meaningful early-stage capital.

Sweet Capital has established a significant presence in the global venture landscape. In 2021, the firm announced its third fund, Sweet Capital Fund III, with a substantial close of $300 million, underscoring their continued commitment to the consumer tech sector. To date, Sweet Capital has made over 100 investments across various geographies, demonstrating their broad reach and diverse portfolio. Their portfolio includes notable companies that have gone on to achieve significant scale, benefiting from the strategic insights and network provided by the King.com founders. This blend of capital and unparalleled operational mentorship positions Sweet Capital as a distinctive and valuable partner for consumer tech startups aiming for global impact.

Investor Profile

Sweet Capital has backed more than 59 startups, with 0 new investments in the last 12 months alone. The firm has led 14 rounds, about 24% of its total and boasts 6 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series Unknown rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, Denmark.
  • Strong thematic focus on Apps, Software, Mobile Apps.
  • Typical check size: $500K – $5M.

Stage Focus

  • Seed (51%)
  • Series A (22%)
  • Series Unknown (14%)
  • Series B (5%)
  • Pre Seed (3%)
  • Convertible Note (3%)
  • Series C (2%)

Country Focus

  • United States (56%)
  • United Kingdom (20%)
  • Denmark (7%)
  • Sweden (7%)
  • Israel (5%)
  • France (3%)
  • Mexico (2%)

Industry Focus

  • Apps
  • Software
  • Mobile Apps
  • Mobile
  • Internet
  • Wellness
  • Social Network
  • E-commerce
  • Food And Beverage
  • Marketplace
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Sweet Capital frequently co-invest with?

Golden Ventures
North America, Ontario, Canada, Toronto
Co-Investments: 3
Saltwater Capital
North America, Hawaii, United States, Honolulu
Co-Investments: 3
AirAngels
Europe, Wien, Austria, Vienna
Co-Investments: 3
Index Ventures
North America, California, United States, San Francisco
Co-Investments: 3
Greycroft
North America, New York, United States, New York
Co-Investments: 3
GFR Fund
North America, Texas, United States, The Woodlands
Co-Investments: 3
byFounders
Europe, Hovedstaden, Denmark, Copenhagen
Co-Investments: 3
14W
North America, New York, United States, New York
Co-Investments: 3
Balderton Capital
Europe, England, United Kingdom, London
Co-Investments: 3
Founders Fund
North America, California, United States, San Francisco
Co-Investments: 2

Which angels does Sweet Capital often collaborate with?

HH
North America, California, United States, Los Angeles
Shared Deals: 2
TW
North America, California, United States, San Francisco
Shared Deals: 2
JW
Europe, England, United Kingdom, London
Shared Deals: 1
SW
North America, Florida, United States, Palm Beach Gardens
Shared Deals: 2
AB
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 2
CD
Europe, England, United Kingdom, London
Shared Deals: 4
AB
North America, United States
Shared Deals: 1
GP
North America, California, United States
Shared Deals: 2
Tobias Lütke
North America, Ontario, Canada, Ottawa
Shared Deals: 2
EQ
Europe, Berlin, Germany, Berlin
Shared Deals: 1

What are some of recent deals done by Sweet Capital?

Alex Therapeutics

Stockholm, Stockholms Lan, Sweden

AI digital CBT therapeutic platform - changing habits, changing health

Artificial Intelligence (AI)Assistive TechnologyHealth CareMedicalPersonal HealthSoftwareTherapeutics
Series UnknownMar 3, 2023
Amount Raised: $5,054,713
Pachama

San Francisco, California, United States

Pachama harnesses AI and satellite data to empower companies to confidently invest in nature.

Artificial Intelligence (AI)CleanTechForestryMachine LearningMarketplace
Series BMay 5, 2022
Amount Raised: $55,000,000
The Expert

Los Angeles, California, United States

The Expert is a platform that connects customers with designers for an hour-long one-on-one Zoom consultation.

ConsultingE-CommerceInterior DesignVideo Conferencing
Series AMar 18, 2022
Amount Raised: $12,000,000
Moxie

Miami, Florida, United States

Moxie powers hybrid fitness.

FitnessInternetWellness
SeedJan 12, 2022
Amount Raised: $2,700,000
Masters

Los Angeles, California, United States

Masters is an app that lets users train with some of the world’s most famous athletes.

FitnessWellness
SeedJan 12, 2022
Amount Raised: $2,700,000
Contact

London, England, United Kingdom

Contact is the place where creatives manage their career and get paid.

AdvertisingFashion
SeedAug 12, 2021
Amount Raised: $1,933,547
BonBot

Stockholm, Stockholms Lan, Sweden

BonBot is a Food & Beverages company.

Food and BeverageMobile AppsRetail
SeedJun 15, 2021
Amount Raised: $2,400,000
The Expert

Los Angeles, California, United States

The Expert is a platform that connects customers with designers for an hour-long one-on-one Zoom consultation.

ConsultingE-CommerceInterior DesignVideo Conferencing
SeedApr 19, 2021
Amount Raised: $3,000,000
Simple Feast

Copenhagen, Hovedstaden, Denmark

Simple Feast operates as an online cookbook platform.

AppsFood and BeverageMobile AppsNutrition
Series UnknownApr 1, 2021
Amount Raised: $45,000,000
Pocket Worlds

Austin, Texas, United States

Pocket Worlds is an online gaming & entertainment platform that enables Creators to build experiences and consumers to enjoy them.

3D TechnologyGamificationGamingInternetMetaverseMobile AppsOnline GamesSoftwareVideo GamesVirtual World
Series AJan 28, 2021
Amount Raised: $7,000,000