Funnel completes a $8M growth round from Oxx, Balderton, Zobito and Industrifonden.

Sweden Investments 25 February 2019
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Funnel, a Stockholm, Sweden-based software company providing automated data collection and transformation software to advertising and marketing business users, announced that it completed a $8M capital investment round.

The money round was led by Oxx and included existing investors Balderton, Industrifonden and Zobito.

The investment will help Funnel to continue its rapid growth and continue to expand internationally, including in the United States, where the company opened an office in 2016 and has since seen strong demand.

Funnel, founded in 2014 and led by CEO Fredrik Skantze, is a software as a service company that automates marketing data collection, transformation and reporting. The company works with customers including ecommerce companies, media agencies, consumer brands, B2B software companies, mobile apps and gaming companies. The company has offices in Stockholm, Sweden and Boston, Massachusetts and employs 75 people.

Prior to this deal, Funnel raised $13M.