Happy Plugs raises a growth round totalling EUR 6M.

Happy Plugs, a Stockholm, Sweden-based company providing consumer electronics accessories, announced a EUR 6M ($6.7M) investment funding from Scope, a growth equity fund.

The money will be used for further adding a scalable platform supporting sustainable brand growth and presence, further enhancing Happy Plugs’ expansion internationally.

Happy Plugs, founded in 2011 by CEO Andreas Vural, has developed a fashion tech brand used for selling consumer accessories. The company has physical distribution in 70 countries through over 10,000 outlets worldwide, and had sales of 115 million SEK ($13M) in 2016 with an average annual growth rate of 62 percent over the last four years. Happy Plugs is headquartered in Stockholm with offices in Hong Kong, Helsinki and Vancouver.