Nextory gets SEK 30M in fresh equity funding from Acacia, Industrifonden and other existing investors.

Sweden Investments 27 April 2017
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Nextory, a Stockholm, Sweden-based company offering a subscription service to e-books and audio books, has announced raising SEK 30M ($3.4M) in an equity investment round.

The backers include Acacia as well as existing investors such as Industrifonden or Aggregate Media.

Nextory, founded in 2012 and led by CEO Shadi Bitar, provides an all-you-can-eat subscription service for audio and e-books. Nextory launched its service under the name E2GO in early 2013 and was the first in Sweden to offer an unlimited service for both e-books and audio books. The company is a subsidiary of Frescano Group AB which also owns Our Bazaar and Swedish Julförlaget.

Prior to this investment, Nextory raised $4.6M in outside investment.