Management

Stefan Tengvall

Acting CEO och President since 2024
Born 1976

Education and experience

Stefan studied the Master’s Programme in Accounting, Valuation & Financial Management at Stockholm School of Economics. He has extensive experience as an entrepreneur and investor in the field of information and communication technology. Stefan is one of the founders of Ownit Broadband and helped to build up the company to revenue of SEK 134 million and EBIT of SEK 29 million until it was sold to Telenor in 2012. He is currently Chief Strategy Officer for Telness Tech and was previously an investor and Chairman of Scrive.

Holdings in Fragbite Group

Stefan Stefan owns 2,712,090 shares: 732,090 privately and the remainder through companies. He holds 150,000 warrants of series OP 2021/2024 and 100,000 warrants of series OP 2022/2025.

Other appointments

Chairman of the Board of uNorth AB. Board member of Ground Transportation Services Sweden AB, Travel Contracts Sweden AB, Snowfall IP AB, Internet Legends AB, Verification Topco AB, Travel Technology Development Europe AB, TechBuddy International Holding AB, Travel Development Sweden AB, Mobility46 AB, Elbilio AB, First San Fransisco Invest AB, Shinjitsu AB, Incaprettamento AB, Sören Tengvall Bygg och Inredningar Aktiebolag and Hello Ebbot AB. Board member and CEO of Twin Mountain Group AB and Autonoma System i Stockholm AB.

Anders Rössel

CFO since 2023
Born 1973

Education and experience

Anders has a Master of Science in Business and Economics from Lund University. He has over 20 years of experience from leading positions in listed and unlisted companies in different industries, and an extensive background in finance and M&A. Anders most recent positions were at Adverty where he was CFO and before that Howden Sweden, also there in the role of CFO. Anders’ previous positions include, among others, Head of Group Business Control at iGaming company Cherry.

Holdings in Fragbite Group

Anders owns 10 000 shares.

Other appointments

No other appointments.

Magdy Shehata

CEO FunRock & Prey Studios (subsidiary) since 2016
Born 1990

Education and experience

Magdy holds an MSc in Entrepreneurship and Innovation Management from the Royal Institute of Technology, Stockholm, and a BSc in Computer Engineering from Pharos University in Alexandria. He is co-founder of FunRock and Fragbite Group and has approximately 15 years’ experience working in the technology industry, including the role of Marketing Manager at Truecaller. Magdy is an active angel investor and a mentor to several startups in Europe and the MENA region, and is a member of the Swedish Institute Network for Future Global Leaders. He is also co-founder of the recruitment company Söderhub.

Holdings in Fragbite Group

Magdy Magdy owns 29,722 shares. He holds 137,500 warrants of series OP 2021/24, 150,000 warrants of series OP 2022/25 and 350,000 warrants of series OP 2023/2026.

Other appointments

CEO and Deputy Board member of Söderhub AB. Board member of Recoma AB.

Abrial Da Costa

CEO Playdigious (subsidiary) since 2023
Born 1972

Education and experience

Abrial Da Costa has over 30 years experience in the gaming industry across development, distribution, publishing, marketing and sales. He has an entrepreneurial background, having founded several businesses, as well as experience in leading positions in roles such as VP Sales and Marketing for Microids and Chief Business Officer for Don’t Nod. An avid video game enthusiast and industry contributor, Abrial served on the board of the SNJV (French Association of Video Game Producers) in 2004-2005 and is currently a board member of Capital Games (Paris’ Video Game Studios Association). Since 2012, he has been working at the Institut de l’Internet et du Multimédia, teaching game distribution ecosystems to students in the Master in Video Game Production and MBA in Video Game Management programs.

Holdings in Fragbite Group

Abrial does not own shares or warrants.

Other appointments

Board member of Capital Games.

Daniel Pereaux

CEO Fragbite AB (subsidiary) since 2018
Born 1988

Education and experience

Daniel has a Bachelor’s degree in Business Administration and a Bachelor’s degree in Innovation technology from Mälardalen University. He has a long background in digital marketing/advertising with expertise in esports and gaming. Daniel previously worked as Sales Manager and Creative Project Manager for Nyheter24-Gruppen, the previous the owner of Fragbite. When Fragbite AB was incorporated in 2018, Daniel was appointed CEO.

Holdings in Fragbite Group

Daniel owns 1,254,055 shares through companies. He holds 150,000 warrants of series OP 2021/2024 and 40,000 warrants of series OP 2022/25.

Other appointments

Board member of Pereaux Holding AB.

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