Eletive announced raising SEK 11 million.

Eletive, a Malmö, Sweden-based SAAS developer of an HR measuring employee wellbeing and engagement tool, announced raising a funding round of SEK 11m ($1.3M).

The name of the investors was not disclosed.

Eletive, founded in 2014 by CEO Marcus Wennmo and Nils Wilhelmsson, developed a SAAS tool that is used to recommend actions for both teams and individuals leading to an action-taking culture based on real-time feedback, thereby enabling companies to create a healthy workplace.