Borgo to raise a SEK 1.3 billion equity round backed by Persson Invest, Proventus and Neptunia Invest.

Borgo Bolån, a Stockholm, Sweden-based company selling mortgage services to the Swedish market, announced completing a SEK 1.3 billion ($141M) equity round.

The money was raised locally from Sweden, from investors including Persson Invest (controlled by Bob Persson, one of Sweden's largest forest owners), Proventus (owned by the Weil family) and Neptunia Invest (an investment company controlled by the Finnish industrial family office Ehrnrooth).

Borgo Bolån, founded at the end of 2017 by Gustav Berggren (CEO), Carl Martinsson, Peter Walldour and Adam Lewenhaupt, sells mortgage products for the local market, having also received an operation license from the Swedish Financial Supervisory Authority at the beginning of 2019. The company previously rasied capital from ICA Banken, Ikano Bank, Söderberg & Partners, Ålandsbanken samt Sparbanken Syd