Chalmers Innovation Seed Fund invests in Witsbits
Chalmers Innovation Seed Fund has invested in Witsbits AB, a leading supplier of software for cloud services in Scandinavia.
Witsbits develops and sells software that allows Internet service providers to easily sell computing power per minute and per second. The software measures the use of computing power in the same way as you measure electricity. This means that the customer only pays for the amount consumed while the internet service provider has access to a new business model that increase revenues.
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| Fund | Chalmers Innovation Seed Fund |
| Portfolio Company | Witsbits |
| Date of Transaction | 2010-06-23 |
| Transaction | Acquisition |
| Seller | |
| Buyer | |
| Size of Transaction | |
| Ind. Focus | ICT |
| Geography | Sweden |
| Stage | Seed |