Holm Security secured funding of SEK 11M.

Holm Security, a Stockholm, Sweden-based SAAS developer for digital vulnerability assessments, secured a capital raise of SEK 11M ($1.3M).

The money was raised from a range of local investors from Sweden. In conjunction with the investment, Per Norman will join as board chairman of the company. At the same time, the company announced hiring Andreas Stjernström as global sales manager. 

Holm Security, founded in 2015 by Stefan Thelberg, Jens Larsson, Rickard Vikström and Victor Jerlin, develops software tools used for automated and continuous digital vulnerability assessment. The company's product, the Holm Security VMP, allows companies to effectively take control of the security of their networks and systems.

Holm Security is active in seven markets in Europe and Asia and has previously raised almost $4 million.