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Scapin

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Social app for the virtual age

Stockholm, SwedenFounded 2021Consumer Services
Valuation $10–25M Last recorded · 2021
Revenue <$1M Latest reported FY
Headcount <100 Current team size
Total funding $0–10M Disclosed equity funding
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About Scapin

Scapin, operating as Scapin Labs, was a software company based in Stockholm, Sweden, that aimed to redefine social communication for the virtual age. The company was founded in 2021 by Leo Nilsson, who served as CEO, and Joachim Hedenius. The founding team brought significant experience from successful Nordic tech firms; Nilsson was the former CPO of iZettle, and Hedenius was a co-founder and CTO of Kry/Livi. Their shared mission was to address a sense of disconnection in online social interactions.

The firm secured €3.5 million in a seed funding round in July 2021, led by Creandum with participation from Heartcore Capital and Emblem. Scapin's core business was developing an app-based social metaverse platform. This platform allowed users to create personalized avatars and virtual spaces, craft digital items to share, and interact with friends or the public in an immersive environment. The service was designed to bridge the gap between gaming and social media, empowering users to build and express a virtual self. The application utilized spatial interfaces and virtual interactivity to bring real-life experiences, like attending events or sharing content, into a digital format. It was intended for both casual users seeking deeper social connections and for creators and developers who could build visuals and features for the virtual world. The mobile application was developed for both Android and iOS devices.

Despite its early-stage funding and experienced founders, the company ceased operations, with its status marked as "deadpooled" as of early 2024.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2021
Headquarters
Stockholm, Sweden
Employees
4
Open positions
None listed
Dealroom signal
91.0/100
Industry
Media
Sub-industry
Social media
Sector
Consumer Services, Immersive Technologies, Metaverse, Nordic Rising Star 2022, Hard Tech
Technology
Virtual Reality
Business model
SaaS
Client focus
b2c

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
SEED✓Equity / VC Jul 2021 $3.2M $13M Creandum —
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Financials

Revenue, earnings and profit over time

Revenue, earnings and other financial measures where available. Years marked “E” are estimates.

YearRevenueGrowthProfitMargin
2026
2025
2024
2023
2022
2021 —
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Growth signals

Scapin website traffic

Latest recorded traffic for Scapin is 530 monthly website visits, down 59.2% over the last three months. Scapin's team grew 33.3% over the past year.

Latest monthly visits530 3-month web change-59.2% 1-year team growth+33.3%
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Similar companies

Closest operating peers by Dealroom taxonomy

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Showing 8 of the closest matchesCompare every metric →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

3 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Seed1 investor entered at this stage

Other known investors2 additional known investors

  • EMBLEM
  • Sabina Wizander
Team profiled 8 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
1 countries with
team presence
🇸🇪 Sweden100%
1 country shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Scapin on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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