Caliroots secured SEK 18 million from existing investors

Caliroots, a Stockholm, Sweden-based fashion retailer, completed a new capital round totalling SEK 18 million ($1.8M).

The money was provided by existing investors at a pre-money valuation of SEK 230M ($24M).

Caliroots (Californian Roots), founded in 2004 by CEO Andreas Koschnike, developed an ecommerce operation selling fashion items including streetwear and sneakers.