Fieldly raised $1.5M from angel investors to further scale the company.
Fieldly, a Helsingborg, Sweden-based company providing a digital tool for project management for construction companies, announced adding SEK 12.6M ($1.5M) in capital investment to the company.
The backing comes mainly from existing angel investors, including Roland Zeller, Christer Dahlén, Dan Nilsson and Mårten Öbrink and the money will be used to augment the sales and marketing capabilities as well as to fuel the international ambitions of the company. At the same time, the company announced moving its offices from Helsingborg to Malmö.
Fieldly, founded in 2013 by CEO Daniel Krusenstråhle, developed a digital tool that makes easy the project management for constructions companies. The company's model is software as a service, with users from Denmark, Norway, Finland, Poland, Canada and Sweden.
The company is yet to be profitable, a turnover of SEK 6M ($700k) for 2016.
Prior to this deal, Fieldly secured more than $1M in funding, from investors including LU Innovation.