dLaboratory to get $2 million from investors including Alted AB and Softhouse Invest.

dLaboratory, a Stockholm, Sweden-based smart energy company, announced in a press release that it added capital investment totalling SEK 20M ($2M)

The money represents a SEK 16M capital infusion provided by new investors and warrants conversion from a group of existing shareholders. Backers include an investor network led by Alted AB from Stockholm, and Softhouse Invest from Malmö.

The money will be used to expand in other markets, including Norway and Finland.

dLaboratory (dLab), founded in 2015 by Magnus Akke, Lars Wollung and Fredrik Akke and led by CEO Mats Didriksson, developed a smart energy system that enables preventive maintenance to avoid power interruptions and will use the money for an increased effort in sales and marketing. The system is in use by a range of customers from Sweden, owning several regional grids, and by various pilot projects around the world, such as in the UK and Indonesia.

Prior to this round, in 2017 dLab secured 1.1M euro.