Swedish Startup Space

Swedish company raises €60 million – invests in “Amazon of Iran”

Written by on March 21, 2016
Editors Note: This post is part of a series called , presented by .

The Swedish tech investor Pomegranate has raised 60 million euro in a round where the investment company is valued at 100 million euro (post-money), according to Breakit‘s sources.

The capital will be used, among many other things, to increase Pomegranate’s ownership in Iranian venture capital firm Sarava from 10 per cent to 15 per cent.

Sarava’s most important investment is Digikala, Iran’s biggest e-commerce site. The increased investment in Sarava makes Pomegranate, indirectly, an even bigger shareholder in Digikala – often referred to as “the Amazon of Iran”.

In an e-mail sent to shareholders on Friday, Pomegranate’s CEO Florian Hellmich writes that the interest for investing in the company has been “overwhelming”.

“The new investors include specialist tech investors and entrepreneurs as well as specialist and generalist institutional investors, predominantly from Northern and Western Europe, but also from other jurisdictions”, Hellmich writes.

He also writes that Pomegranate is aiming for an IPO within twelve months.

Read the article in Swedish on Breakit.

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