Alva Labs in a €11.7 million Series A round led by VNV Global.

Alva Labs, a Stockholm, Sweden-based software developer of a tool used for recruiting, announced securing an equity funding round closed at €11.7 million ($13.3M).

The money was raised from investors from Sweden led by VNV Global and joined by Tomas Lindén, who works for H&M.

Proceeds will be used for expansion in the UK and for hiring more people in the team.

Alva Labs, founded in 2017 by Malcolm Burenstam Linder (CEO), Peter Schierenbeck and Björn Ström, developed a data-driven HR platform providing a software service that helps companies in the recruitment process. Customers include Deloitte, Northvolt, Voi and Daniel Wellington.

Prior to this round, Alva Labs raised roughly $4 million, with the last round announced at $2.4 million in 2021.