Boostified raised $800k in capital investment

Boostified, a Malmö, Sweden-based company providing access to a network for social influencers, completed a SEK 7M ($830k) capital investment round.

The money was provided by existing investors, including Almi Invest, Lars Christer Dahlén and Peter Lindell. The funding will be used to expand the company's business.

Boostified, founded in 2016 and led by CEO Imad Ibrahim, developed a digital tool that helps brands access and work with so-called micro-influencers. The company works with clients including Designtorget, Froosh, Kicks and Yves Rocher which operated about 22k transactons since inception. Boostified is yet to become profitable, at a 2018 turnover of SEK 5M ($550k).