Yepstr closes a SEK 10M investment round, aims for breaking even its chores marketplace.
Yepstr, a Stockholm, Sweden-based startup managing an app-based community marketplace for household chores, closed a fresh outside financing round.
The money comes from undisclosed local investors and will help transition the company to a profitable operation.
The transaction also sees new people as becoming part of the company's board of directors: Johan Svanström, CEO of Hotels.com, Stefan Öberg, CEO of Tradera and Ebay Sweden, and Richard Sandenskog, who works for, the Schibsted's investment arm.
Yepstr, founded in 2015 by CEO Jacob Rudbäck, developed a marketplace for young people looking for getting money by solving various households chores. The company has around 10,000 users, with a 40% growth from 2016.
Prior to this deal, in 2016, Yepstr raised SEK 7M ($845k) from investors including Dan Sten Olsson, Johan Skarborg, Keith Anderson and Niklas Ivarsson.