Stockholm-based horsetech startup Ridesum goes bankrupt

This news was covered on September 18, 2024 in the daily PRO newsletter.

Ridesum, a Stockholm-based digital training app and collaboration platform for riders, trainers and equestrian experts, was declared bankrupt, according to public Swedish company data.

Ridesum was founded in 2017 by Jenny Stråle, Karin Lindell and Mateusz Dziurla, and raised a total of SEK 43.5 million from Zenith VC and Hööks, among others.

For the financial year 2022/2023, the company reported net revenue of SEK 0.5 million, and a loss of SEK 11.9 million.