BIMobject secured SEK 240M from EQT Ventures.
The deal was made for a SEK 240M ($27M) capital investment which is the equivalent of 13% of the company, post investment. In conjunction with the new share issue, a secondary transaction will lead to changes in the shareholding of BIMobject.
In connection with EQT Ventures becoming a significant shareholder, Hjalmar Winbladh will join the BIMobject's board of directors.
BIMobject, founded in 2011 and led by CEO Stefan Larsson, developed a cloud-based platform, with over 1,000 manufacturers providing digital product information used to create virtual versions of construction products. Around the cloud-based platform, which currently has over 850,000 users, BIMobject offers a number of solutions aimed at property owners, construction companies and the trade sector.
BIMobject operates in 20 countries and has over 200 employees. Revenue for 2017 amounted to SEK 84M