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Blazar Capital

Blazar Capital receives triple-digit million kroner investment

 

Case

Blazar Capital receives triple-digit million kroner investment

The Danish incubator business Blazar Capital has received a triple-digit million kroner investment in connection with an investment round. One of the investors is Chr. Augustinus Fabrikker who has invested approx. DKK 100m.

Chr. Augustinus Fabrikker already has equity interests in Royal Unibrew, Fritz Hansen, Tivoli, etc., and, with this investment, Chr. Augustinus Fabrikker takes over approx. 21% of the equity interests in Blazar Capital.

Blazar Capital’s business model is built up around the creation of Danish online businesses with an international potential. The business was formed in 2017 and has equity interests in several growth businesses, including Nordgreen, MessyWeekend and Chamberlain Coffee.

The proceeds from the investment round will, for example, be used for accelerating the international growth in Blazar Capital’s portfolio companies.

Accura advised Blazar Capital in connection with the investment and has acted as advisor to the business since the formation in 2017.