Exit: Icebreaker.vc portfolio company Tab has been acquired by Kivra
Icebreaker.vc portfolio company Tab, a Swedish digital receipts startup, has been acquired by Kivra, one of the Nordics’ leading digital mailbox providers.
Founded by Calle Mellbin and Hector Zarate, Tab has built infrastructure for automatic digital receipts, integrating with banks, payment providers, and merchants to replace paper receipts with seamless digital delivery.
Since Icebreaker.vc’s early backing at idea stage, Tab has rapidly scaled to become a market leader in Sweden, processing millions of receipts across a growing partner network and enabling merchants to deliver receipts automatically to consumers.
“In less than two years since our idea-stage investment, the team has built a profitable market leader in Sweden. Tab is tackling a problem many of us deal with daily, and doing it in a way that could (and should) scale far beyond Sweden. Excited to see what comes next and hopefully a future without paper receipts and manual expense reporting,” said Lasse Lehtinen, Partner at Icebreaker.vc.
Hector Zarate, Co-founder of Tab, added: “Our smart receipts will now reach more people, exactly where they expect them to be. From the beginning, our vision has been simple: total coverage, absolute distribution."
Tab focused on building the infrastructure to enable automatic receipts at scale and, today, that infrastructure processes millions of receipts across a growing network of partners. Kivra has built one of the strongest distribution platforms in Sweden, trusted by more than 6 million users. He added: "Bringing these together will make our vision inevitable. Coverage and distribution have always been two sides of the same equation, and together we can accelerate the shift toward fully digital, automatic receipts at scale.”
The acquisition will enable Kivra to accelerate the transition to digital receipts, combining Tab’s infrastructure with its own large-scale distribution platform. The Tab team will join Kivra to further expand adoption across Sweden and the broader Nordic region.
