Billogram in a SEK 350 million investment deal backed by Partech.

Billogram, a Stockholm, Sweden-based provider of financial services tools, announced closing off an investment deal totalling SEK 350 million.

The deal was made with the French investors from Partech Ventures and is a combination of secondary transaction and SEK 260 million ($30 million) capital raise.

Billogram, founded in 2010 and led by CEO Jonas Suijkerbuijk, built a digital payment solution available via an API for companies with recurring payments interested in transitioning from paper invoices. The company produced sales of SEK 67.5 million ($7.8M) in 2020, from customers from Sweden including Kry, Ownit and Telge Energi.

Billogram previously raised $4.8 million in 2020 out of a total of $16 million since its start.