Seven District doubles down on Rapid Images in Partnership with its Founder, Mikael Sundell
Seven District has doubled its ownership in Rapid Images by exchanging shares in in Rapid Images for shares in Seven District thereby making Mikael Sundell, the founder of Rapid Images, a significant shareholder in Seven District. Rapid Images is a leading digital product experience company specialising in online and e-commerce sales and marketing. In 2023, Rapid Images generated revenues amounting to SEK 137m with double-digit growth strong profitability.
“We are very excited to literally “double-down” on Rapid Images. Since our original investment in March 2023, we have been very impressed with the position of the company as a full-service digital experience company, specialising in online and e-commerce sales and marketing as well as the team led by Anders Claeson-Spetz. We are very grateful for the trust Mikael has shown in us at Seven District and our platform by becoming one of our largest shareholders. We look forward to deepening our relationship with him and engage him in our current and future portfolio companies” says Stefan Svan, Partner Seven District and Chairman Rapid Images.
“I have known the people at Seven District for many years now. Since they became a large owner in Rapid Images last year, I have been very impressed by them as partners, owners and business builders. This is a natural career progression for me as a I look to broaden my business activities beyond Rapid Images. I look forward to becoming more deeply involved in the Seven District platform and its portfolio companies. My commitment to Rapid Images will not change; I will remain as active as ever in the day-to-day activities of Rapid Images supporting Anders Claeson-Spetz and the broader team, as a board member and one of the largest owners”, says Mikael Sundell, founder of Rapid Images.
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About Seven District
Seven District is an investment company that combines entrepreneurship with experience, knowledge and capital to accelerate growth and realize the full potential of companies. Seven District primarily invests in companies headquartered in Sweden that are or can become market leaders in a well-defined niche, ranging from early stages up to approximately SEK 500M in turnover. The investment portfolio consists of companies that utilize technology to create a competitive advantage and strive to play an important role in positively influencing the development of society. Seven District’s portfolio currently consists of Kvaser, Rapid Images, Qamcom, ACRE, Ocean Collective, Devant, Easycom, Visiba Group, Sightic Analytics and Intelligent Aerial as well as seven companies in the early stage accelerator portfolio 7Dx.
About Rapid Images
Rapid Images is a full-service experience company, specialising in online and e-commerce sales and marketing. We help companies to digitalise the entire product life cycle to quickly reach the market and maintain a completely digital customer journey – from early CAD visualisations, internally to fully-fledged product configurators and aftermarket tools. Driven by customer data and insights, we work with our clients to reach their targets and keep up with the ever-changing demands of digital customers.