Alva Labs to get SEK 20 million in a round led by VNV Global.

Alva Labs, a Stockholm, Sweden-based software developer of a tool used for recruiting, announced in a press release a capital funding raise of SEK 20M ($2.4M).

The money was raised from investors led by VNV Global and will be used for product development and expansion.

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 SEB, Tele2 and Northvolt.

Prior to this round, in 2019, Alva Labs raised an angel round.