Hygglo closes SEK 7.5M in fresh funding for a gadget sharing marketplace.

Sweden Investments 01 November 2017
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Hygglo, a Stockholm, Sweden-based startup developing a gadget sharing listing marketplace, closed a SEK 7.5M ($890k) investment deal.

The money comes from new and existing investors, including Norrsken Foundation and Schibsted Growth. According to DI Digital, Schibsted's contribution consists of media space for exposure on its local assets. It should be also noted in this context that Schibsted, a Norwegian media corporation very active in Scandinavia, owns Blocket, one of the more popular ad listing online operations in Sweden.

Hygglo, founded in 2015 by Ola Degerfors, Axel Hellstrom and Henrik Fräsén, developed a platform that makes it easy to share gadgets, in the Airbnb fashion. The company has 6200 registered users and 10 transactions a day.

Prior to this deal, Hygglo raised SEK 3.3M ($370k) in the spring of 2017.