Saltside Technologies AB has raised new capital of USD 40 million from Investment AB Kinnevik, Hillhouse Capital and Brummer & Partners’ fund Frontier PE.
Saltside Technologies AB, headquartered in Dubai, provides online services for classified ads in three emerging markets - Bangladesh, Sri Lanka and Ghana. Saltside Technologies AB is the market leader in all of these markets.
Investment AB Kinnevik, which co-founded the company in 2011, will remain as the majority owner after the fund raising.
Lindahl advised Saltside Technologies AB through Olof Nyström (lead partner), Mikael Mellberg and Emanuel Wallin.