Passion Capital exits Flattr to Eyeo

The exit comes five years after Passion first invested in the Malmö-based startup and sees Cologne-headquartered software developer Eyeo wholly acquire Flattr.

Under the new ownership, Flattr will continue to operate from Malmö with all of the office's staff retained. Co-founder Peter Sunde will act as an adviser to the company, while co-founder Linus Olsson will remain in place heading operations and implementation.

Previous funding
In February 2012, Passion along with Federico Pirzio-Biroli invested €1.6m in Flattr.

Company
Founded in 2007 and headquartered in Sweden, Flattr is a developer of social micro-payment services.

According to publicly available records, Flattr had SEK 300,000 of revenue and SEK 90,000 of profits in 2015.

People
Passion Capital – Eileen Burbidge (partner).

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