Springworks AB

Springworks AB

Connecting all car owners with the service they deserve. Learn more

Launch date
Employees
Market cap
-
Enterprise valuation
€4—6m (Dealroom.co estimates Jun 2017.)
Company register number 556915-3983
Stockholms kommun Stockholm County (HQ)

Financials

Estimates*

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Revenues, earnings & profits over time
EUR201520162017
Revenues<1m1.1m2.4m
% growth-2555 %117 %
EBITDA-(<1m)(1.7m)
% EBITDA margin-(51 %)(69 %)
Profit(<1m)(<1m)(2.2m)
% profit margin(497 %)(53 %)(92 %)

Source: Dealroom estimates

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DateInvestorsAmountRound

N/A

Seed

N/A

Series A
*
N/A

€1.9m

Convertible
*

€2.9m

Early VC

€1.0m

Early VC
Total Funding€5.8m

Recent News about Springworks AB

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More about Springworks ABinfo icon
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Springworks International operates in the connected car technology market, providing a state-of-the-art platform that enables companies to deliver a variety of services to end users. The company collaborates with major industry players such as Telia Company, autoSense, AMAG, Zurich, and Swisscom. Springworks serves businesses looking to integrate advanced automotive services, focusing on scalable and containerized solutions. The business model revolves around offering a robust technological infrastructure that supports multiple services, ensuring seamless deployment and scalability. Revenue is generated through partnerships and service integrations with automotive and technology companies. The team is composed of passionate technologists who prioritize problem-solving and continuous development of their platform. The company leverages modern technologies like Typescript and Java, and favors document databases, adapting to the best tools for specific use cases. All infrastructure is managed as code, ensuring efficient and reliable operations.

Keywords: connected car, technology platform, scalable infrastructure, automotive services, Telia Company, autoSense, AMAG, Zurich, Swisscom, document databases.

Tech stack

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Tech stackLearn more about the technologies and tools that this company uses.