Company: SQUID (njuice AB)

Transaction: Private placement

Issue volume: 10.0 MSEK

Date: June 2018

SQUID is the first news app built for millennials and is developed by njuice AB. The goal of the app is to make relevant news readily available, offering a wide range of topics that let users select and create their personalised news feeds. SQUID’s unique algorithms gather news automatically from the best sources on the web.

The app is launched in several European countries. In every country, the users can read local and global news in their language but also switch quickly between countries to practice reading skills in another language.

Augment Partners acted as financial advisor to the company in a private placement.