Gelato Group raised NOK 140M from existing investors.

Gelato Group, an Oslo, Norway-based company providing on-demand printing services, completed a new capital raising totalling NOK 140M ($16M).

The money was provided by existing investors.

Gelato Group, founded in 2007 by CEO Henrik Müller-Hansen, operates an on demand printing service that lets businesses and individuals order what they need online. The company does not own any printing assets, but offers its services through local printing and delivery. In 2018, Gellato had sales of NOK 392M ($44M).

Prior to this round, in 2018, the company raised $20M from investors including SEB Pension Fund, Dawn Capital, Harald Mix, Marcus Wallenberg and Urban Jansson.