Dugga announced raising SEK 46 million in a round led by Sparkmind.

Dugga, a Stockholm, Sweden-based SAAS operator of a platform for digital exams in schools, announced completing a funding round of SEK 46M ($5.5M).

The money was raised from investors led by the Finland-based VC Sparkmind, joined by existing shareholders Alted and Service Venture.

Dugga, led by CEO Maria Gårdlund, was founded in 2015 by Claudia Rademaker and Patrik Nilsson based on a research project at the Stockholm School of Economics and Stockholm University. The company developed a digital test system for knowledge assessment and grading of schools, universities and other educational programs