Sun, May 20, 2018
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
New Managers January 2018

PROFILES: ARScandinavia AB, Data Capital Management

 

ARScandinavia AB launches debut AR investment fund

A new fund based in Sweden is looking to cash in on the augmented reality (AR) revolution. ARScandinavia AB has recently raised a €30 million fund to make early-stage investments in AR companies. The firm is looking for 20-25 companies to invest in - primarily based in Europe - that are developing innovative use cases for AR technologies.

"With the fund, our mandate will allow us to invest globally, but we think there is strong value in Europe where valuations are lower than in the US and Asia," explains Eric Schunnesson, a Partner at ARScandinavia AB in an interview with Opalesque New Managers.

The investment team at ARScandinavia AB got its start in European investment banking and wants to bring that expertise to analyzing and investing in AR upstarts.

According to Schunnesson, AR technology has the potential to be used in nearly every industry, and companies that develop quality AR user experiences are likely to come out ahead. Industry forecasts put the AR market at as much as $100 billion in revenue by 2020. So far, 1018 companies list themselves as AR focused on the AngelList startup platform. Many of the big players like Facebook or Google mine these startups as a sort of outsourced R&D to find teams that have unique technologies and skills.

For its first fund, ARScandinavia AB is looking for companies that would make good acquisition targets or that are likely to go public within five years from the date of the firm's initial investment. The size of the firm's investment will be dictated by the overall investment opportunity. Schunnesson adds that while the investment team is industry agnostic, they will be mindful of making too many investments in a given sector and are instead aiming for a pretty diverse group of portfolio companies.

"Our goal is to build a track record with this fund," Schunnesson says. "We alread......................

To view our full article please login

This article was published in Opalesque's New Managers a top-down monthly analysis, news and research publication on the global emerging manager space.
New Managers
New Managers
New Managers

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. News Briefs - Warren Buffett: Target date funds aren't the way to go, Cambridge Analytica could be reborn under a different name[more]

    Warren Buffett: Target date funds aren't the way to go Planning for retirement can be complicated and stressful. This is why target date funds - funds that are managed based on when you expect to retire - are so attractive. Over time, the balance of stocks, bonds and cash evolve automati

  2. Investing - Hedge funds hike Smurfit Kappa positions amid takeover deal hopes, Hedge fund IBV Capital digs deep to unlock long-term value in a competitive market, Eisman of 'The Big Short' fame recommends shorting Deutsche Bank[more]

    Hedge funds hike Smurfit Kappa positions amid takeover deal hopes From Irishtimes.com: Two US hedge funds, Davidson Kempner and York Capital, have accumulated a combined 4.74 per cent interest in cardboard box maker Smurfit Kappa using financial derivatives. It comes as many investors cl

  3. Foundations of hedge fund managers gave big to controversial donor-advised funds[more]

    In the world of philanthropy and tax-deductible charitable giving, the explosion of donor-advised funds has touched off intense debate. Now, there is evidence that the DAF boom is being further fuelled by hedge fund foundation money. Four of the top five foundations that gave the most to large do

  4. Study: For hedge funds, smaller is better[more]

    From Institutionalinvestor.com: The smaller the hedge fund is, the better its performance is likely to be, according to a new study. The study - "Size, Age, and the Performance Life Cycle of Hedge Funds," released April 26 - sought to determine whether a hedge fund's size and age had any effect on i

  5. Hedge fund returns rose in April for first gain since January[more]

    From Bloomberg.com: Bloomberg Hedge Fund Database shows returns flat this year - Currency strategies had the biggest monthly gain at 13% Hedge fund returns increased 0.78 percent in April, reversing two consecutive monthly declines. The swing of 134 basis points was driven by gains in all seven