Alva Labs raised $1.1M.

Alva Labs, a Stockholm, Sweden-based company working on a software as a service solution helping organisations with recruitment, announced in a press release securing SEK 10.5M ($1.1M) in capital investment.

The money was provided by a group of local business angels as well as by Almi Invest, which contributed with SEK 3.8M in matching funds. Funding will be used for adding resources strengthening the sales and the product development.

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. The company has 9 employees and works with customers including Nordnet, Werlabs and Peltarion.