Bitlog in a SEK 10 million funding round backed by Cloud Capital.

Bitlog, a Stockholm, Sweden-based SAAS developer of supply-chain and logistics solutions, announced the completion of a SEK 10M ($1.2M) capital funding round.

The money was raised from the local investor from Sweden Cloud Capital.

Bitlog, founded in 2006 by CEO Fred Bostrom, develops cloud-based warehouse management solutions for the e-commerce and retail industries.

The company's product is called Bitlog WMS (warehouse management system) and includes features including batch picking, receiving, automated delivery planning, barcoding, transportation management, returns management, voice-assisted picking. Paying customers include Pierce, Skruvat, Diskteknik and Hultafors Group and yearly revenue was SEK 17.6M ($2M) as of 2020.