Cinode secured $2.4 million from Blq Invest

Cinode, a Stockholm, Sweden-based software developer, announced getting into an investment agreement for completing a capital raise totalling SEK 22.2 million ($2.4M).

The funding round was backed by Blq Invest, an investment fund from Sweden launched at the end of 2019.

Cinode, founded in 2014 by Mattias Loxi and Mikael Tell and led by CEO Anders Hagberg, develops software solutions for helping consultancy firms with digitilisation of sales, delivery and skills management. Cinode’s platform also functions as a network between companies and casual workers and is in use by 200 clients supported by 20 employees.