F&A Forecasting raised $240k in angel investment.

F&A Forecasting, an Uppsala, Sweden-based company operating a digital platform for advanced statistics for forecasting, secured SEK 2.2M ($240k) in capital investment.

The money was provided by a range of Swedish angel investors, including Bo Mattsson, Henrik Didner, and Fredrik Tilander.

F&A Forecasting, founded in 2014 by David Fagersand develops software for analysis and forecasting of financial variables for practical use within risk management, budgeting, hedging and strategic purchasing in the industrial and banking sector. In 2018, the company launched its product, Indicio, which builds upon a combination between statistical and consensus forecasting helping customers such as banks and industrial companies.