Glue closes a new investment round of SEK 35M.

Sweden Investments 10 November 2017
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Glue, a Stockholm, Sweden-based company providing a smartlock solution, closed a SEK 35M ($4.2M) investment round. The backers and the financial details of the transaction are undisclosed.

Glue, founded in 2013 by Carl Johan Grandinson, developed a smartphone solution that replaces the physical key with an app.

Prior to this transaction, the company raised $6.5 in external funding from investors including Alfvén & Didrikson, MOOR Capital and Peter Carlsson.