Gruppsol announced a SEK 20 million capital increase from angel investors from Sweden.

Gruppsol, a Stockholm, Sweden-based solar cell company, announced a capital increase in a round closed at SEK 20 million ($2.2M).

The money was raised locally from angel investors from Sweden, including Rikard Steiber and Christian Lagerling, who will also join the board of directors.

Gruppsol, founded in 2018 by Mattias Hansson, CEO Daniel Magnergård and Anders Eriksson, delivers and installs fully integrated solar cell roof and panels. The company has 45 employees working from Stockholm, Göteborg, Sandviken, Malmö and Västerås.