HomeSweden StartupsSwedish micro-tipping startup Flattr receives €1.6 million to help more content creators

Swedish micro-tipping startup Flattr receives €1.6 million to help more content creators

The Swedish micro-tipping startup Flattr has just announced a €1.6 million investment from Passion Capital and the London-based angel investor Federico Pirzio-Biroli.

Flattr was founded in 2010 by Peter Sunde and Linus Olsson. The startup allows content creators to accept micro donations via a simple Flattr button on their website. Each month Flattr users can tip as many content creators as they like, and the total amount a user has allocated to be paid out will then be divided between the content owners who received clicks each month. According to the young company, its Flattr button is shown around 11 million times per day.

This recent funding now values the young company at €10 million, and will be used mainly to grow Flattr’s team and userbase. Flattr, which is based in Malmö, will continue to focus on some key markets in Europe, such as UK, Germany and Sweden.

It’s worth mentioning that not everything is great right now at Flattr. As announced by the Swedish Supreme Court, and reported here by Arctic Startup, Flattr co-founder Peter Sunde faces 8 months in jail for his affiliation/complicity in relation to the Pirate Bay (Update – February 2023: Arctic Startup seems to be no longer in business under this website and we therefore deactivated the link).

By the way: You can find out about other interesting startups from Sweden in this list

Thomas Ohr
Thomas Ohr
Thomas Ohr is the "Editor in Chief" of EU-Startups.com and started the blog in October 2010. He is excited about Europe's future, passionate about new business ideas and lives in Barcelona (Spain).
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