Innspire grabs SEK 20.8M

Sweden Investments 22 June 2017
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Innspire, a Stockholm, Sweden-based company providing a SAAS solution for hospitality business, raised SEK 20.8M ($2.4M) in fresh equity funding. The backers include local investor 20 North Street and the money will be used for launching a new product enhancing the solutions the company brings to market.

Innspire, founded on 2012 by Martin Chevalley, developed a software solution enabling guests to connect their own devices to the hotels' technology system, so hat they may use their own streaming services on the hotel television screen. Prior to this transaction, the company raised about SEK 26M ($3.2M) in external funding.