Avy secured $2.1 million in capital funding.

Avy, a Stockholm, Sweden-based company developing a SAAS solution for the rental industry, completed a capital investment raise of SEK 20M ($2.1M).

The money will be used to expand the business, both in Sweden and outside.

Avy, founded in 2017 by CEO Joacim Gustafsson and Mikaela Svefors, provides a software solution that connects landlords and tenants via a mobile app. The app is used for communication purposes as well as for better document and admin management between the two parties.

Avy made its app live in 2018, when it also raised money from Brunswick Invest, the investment arm of a real estate company from Sweden.