Apica raised $12.7M in new funding by the existing investors Industrifonden, SEB Venture Capital, Oxx and KTH Chalmers Capital.

Sweden Investments 08 August 2018
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Apica Systems, a Stockholm, Sweden-based company providing performance monitoring and testing solutions, announced that it has raised in $12.7 million in new funding.

The money was provided by the existing investors Industrifonden, SEB Venture Capital, Oxx and KTH Chalmers Capital and will be used to grow product offerings, expand talent base and increase global market share.

Apica Systems, founded in 2005 by CEO Sven Hammar and led by CEO Carmen Carey, provides an SAAS suite for companies to test and monitor their mission critical business systems, APIs, web and mobile applications. The company has offices in New York, Los Angeles and London and customers include companies such as Scholastic, Klarna, Q2ebanking, Etihad and Sweden’s TV4.

Prior to this investment funding, Apica raised more than 25M in capital investment.