Colix announced a SEK 15 million equity round backed by 30 angel investors from Sweden.

Colix, a Växjö, Sweden-based software startup, secured an extra equity round closed at SEK 15 million ($1.4M).

The money was raised from local investors from Sweden, a number of 30 shareholders, who are primarily Småland entrepreneurs and business people. The company says the deal values the company at SEK 107 million ($11 million).

Colix, founded in 2017 by Jens Collskog and Peter Lindberg and led by CEO Therese Lundstedt, sells software services as they developed a framework that makes it possible to create customized apps and web solutions. The company is yet to be profitable and handles business for 200 customers which produced 2021 sales of SEK 1.9 million ($180k). It previously raised $900k in 2021.