Eliq announced SEK 50M million Series A round of financing co-led by Inven Capital and Contrarian Ventures.

Eliq, a Gothenburg, Sweden-based SAAS customer engagement developer for the energy industry, announced closing in a SEK 50M ($5.9M) Series A round.

The money was raised from international investors co-led by Inven Capital from the Czech Republic and Contrarian Ventures from Lithuania. Inven Capital’s General Partner Petr Míkovec and Contrarian Ventures General Partner Rokas Peciulaitis will join Eliq’s Board of Directors.

Proceeds will be used to scale the company's customer engagement platform in Europe.

Eliq, founded in 2008 by Olof Hartelius, Joakim Botha, Håkan Ludvigson (CEO), Joakim Fischer and Joakim Ottander, developed a customer engagement software solution helping utility companies to rebuild their customer interaction by providing  monitoring, control and advice on energy use at home. The company works with 18 European energy retail customers, including Vattenfall and CGE (Chile / Naturgy Group).

Prior to this round, Eliq raised about $4 million, last round in 2017.