Apohem increased capital with SEK 20 million from existing investors

Apohem, a Stockholm, Sweden-based pharmacy ecommerce operator, completed a fresh capital infusion totalling SEK 20M ($2M).

The money was provided by existing investors, Novax and Axfood's logistics company Dagab. At the same time, Carl Stenbeck, director at Axfood, will join Apohem's board.

Apohem, founded as Hubia in 2017 by Kim Persson, Johan Bergenheim and Henrik Patzer and led by CEO Gustav Hasselgren, developed an ecommerce business selling pharmacy and health-related products on local basis.

The company raised about $7 million from its shareholders, including this round.