DIB Travel added two more Swedish angel investors as shareholders in the company.

Sweden Investments 30 September 2019
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DIB Travel, a Stockholm, Sweden-based company providing travel solutions for the business segment, announced raising SEK 4.5M ($460k) in fresh capital.

The money was provided by two Swedish executives - Oscar Otteborn, who is working for Daniel Wellington, and Knut Frängsmyr, who is working for Klarna - who were added as investors in the company.

Dib Travel, founded as Dib Hotel in 2015 by Timothy Walentynowicz and Fredrik Jones, built and sells a software as a service solution helping companies manage the booking and travel expense process.

Prior to this announcement, Dib Travel raised about $4M from investors including 41an Invest and East Capital.