Dealflower AB  ·  Corporate Venturing  ·  Platform Extraction

We turn corporate
systems into businesses
we build, own,
and operate.

20+ Investments
150M SEK exit · Altitun
300+ Founder network
Fredrik Billing · Founder

Three technology waves. Each one navigated from the inside — not as an observer, but as a builder carrying operational risk.

From digitising mail at Posten to building Sweden's IP network at Telia. One of three co-founders of Telia Business Innovation — where the first platform extraction happened: Service Factory, spun out with Telia HomeRun as anchor customer, profitable in year one, 1.5 million users, institutional VC investment in 2001. Twenty corporate investments. A 150M SEK exit with Altitun.

Now in the third wave: AI as the infrastructure that makes platform extraction faster, cheaper, and more defensible than ever before.

1990s
Posten → Telia. Built Sweden's IP infrastructure.
2000s
Dealflower founded. Corporate venturing advisory.
2010s
Sustainable Energy Angels. 20+ cleantech investments.
2020s
AI era. Diggy Ventures launched. MonCellOS — the operating system for Platform Extraction.
Two connected platforms

The holding company.
The operating company.

Dealflower AB is the investment and ownership structure — where equity is held and accountability lives. Diggy Ventures is where the work happens. One entity owns. The other builds, operates, and scales.

Dealflower AB  ·  Est. 2002  ·  Holding company
Dealflower

The holding company. We own equity in every venture we build.

Founded in 2002. Twenty-two years of corporate venturing, board mandates, and investment activity across internet infrastructure, cleantech, and enterprise technology. Not a vehicle for fees — a vehicle for equity and long-term outcomes. Assessment and structuring fees cover operations. Equity in launched ventures drives the return engine.
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Diggy Ventures  ·  Active  ·  Operating brand
Diggy Ventures

We identify, extract, and scale businesses hidden inside large organisations.

The operating system we use for Platform Extraction is called MonCellOS — five capability layers from kill-gate validated discovery through structuring, build, launch, and AI-driven growth. The name is a biological metaphor: every cell already contains the logic of its own survival. Our work is to give it the conditions to thrive outside its host. Specialist partners brought in case-by-case. Not consulting. Equity-based venture creation with skin in the game throughout.
diggyventures.ai
Track record

Three paradigm shifts.
From the inside of each one.

Most people observe technology waves from the outside. Fredrik has been inside three of them — building infrastructure, carrying the operational risk, and taking equity rather than fees. That pattern defines everything Dealflower does and informs every investment decision.

1992
PostNet — Sweden's First Digital Mail
Co-created one of Sweden's earliest digital network projects at Posten, digitising physical mail to fax and email. First paradigm shift: analog to digital.
1990s
Telia — Built the Swedish IP Network
Recruited from Posten to Telia. Co-founded Telia Business Innovation — the corporate venturing unit. First platform extraction: identified Telia's internal internet access platform, extracted it as Service Factory AB, with Telia HomeRun as anchor customer. Profitable year one. 1.5 million users. BrainHeart Capital invested 2001.
Telia era
150M SEK Exit — Altitun
Among 20 corporate investments, the Altitun exit returned 150M SEK. Proof that corporate venturing with operational involvement generates institutional-grade returns.
2002 → now
22 Years of Corporate Venturing
Dealflower founded. Advisory, investment, and board mandates across enterprise technology, cleantech, and now AI. Third paradigm shift: AI as operating infrastructure.
20+
Corporate investments
150M
SEK — Altitun exit
300+
Founders Alliance members
22
Years of corporate venturing
How we work

Operators,
not advisors.

The difference between Dealflower and a consulting firm is not the quality of the advice — it is what happens after the advice. We take equity. We sit on boards. We carry operational risk. The incentive is completely different, and that difference is the core of everything we do.

01
Equity over fees

Every engagement is structured for equity participation, not day-rate billing. We earn only when the venture succeeds. No launches, no equity. This aligns every decision with long-term value creation — not deliverable production.

02
Start where others can't

Platform Extraction begins with validated systems — proven technology, existing customers, embedded domain knowledge. The riskiest phase of venture creation is already answered before we write a single line of the carve-out structure.

03
Selective by design

A four-stage kill-gate process means most candidates do not advance. Approximately 80% of assessments do not result in a structured carve-out. The rigour of selection is what makes the portfolio investable.

04
AI as operating infrastructure

The third paradigm shift — AI — permanently changes the economics of venture creation. BPGA (Best Practice Growth Acceleration) deploys AI agents for sales and marketing from day one. Not month twelve.

05
Network as unfair advantage

300+ founders. 22 years of corporate relationships. A curated angel and VC network built across three technology waves. Each extracted venture enters the market with warm introductions and existing credibility — not cold calls.

Portfolio & partners

Built over
three decades.

Dealflower's active network spans venture building, impact investing, and founder community — each entity playing a distinct role in the same underlying thesis: the best businesses are extracted from what already works.

Venture building  ·  Active
Diggy Ventures
Platform Extraction  ·  MonCellOS
Operator-led carve-outs supported by MonCellOS — the operating system for Platform Extraction. Five capability layers, four kill-gates. Named for the principle that every cell already contains the logic of its own survival. Equity-based throughout.
diggyventures.ai
Founder network  ·  Active since 2013
Founders Alliance
300+ Founders  ·  8 Countries
A curated network of founders building businesses at scale. Average member revenue exceeds 80M SEK. The natural origin point for platform extraction conversations — founders who may be sitting on unrealised venture value inside their organisations.
foundersalliance.com
Impact investing  ·  Active since 2013
Sustainable Energy Angels
Chairman, Investment Committee
An angel network investing in early-stage Swedish cleantech companies in collaboration with Almi Greentech. Built on the conviction that sustainability and innovation are the same investment thesis, not competing ones.
seangels.se
Advisory  ·  Active
IRP Advisory
Investment Readiness Process  ·  5–10 Weeks
A structured 5–10 week process preparing startups for institutional investment. Productized advisory with a clear deliverable: investor-ready positioning combining AI capability, strategic framing, and capital market preparation.
IRP profile
Est. 2002
Dealflower AB has operated through every major technology wave of the past three decades.
The common thread is not the technology — it is the pattern of building from the inside, taking equity, and staying operational through to exit.
Contact

Let's talk about
what you might be
sitting on.

Whether you are a corporate with internal systems that could be worth more as a standalone venture, a PE investor looking for pre-validated deal flow, or a founder interested in joining the Founders Alliance — it starts with one conversation.

Fredrik Billing
Founder  ·  Dealflower AB  ·  Diggy Ventures
Based in Lidingö, Stockholm
Legal entity Dealflower AB  ·  Est. 2002
Diggy Ventures diggyventures.ai
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