Indicio raised more money from existing investors.

Indicio, an Uppsala, Sweden-based startup operating a software platform for advanced forecasting statistics, completed a capital raise of SEK 3.4M ($347k).

The funding was provided by existing investors in the company, including Bo Mattsson and Fredrik Tilander.

Indicio, founded as F&A Forecasting AB in 2014 by Frans Andersen and David Fagersand, developed a SaaS solution for market and macroeconomic forecasting. The platform works as a data plug and play, helping companies and financial institutions to gain data-driven insights of their market environment.

The company expects to make about SEK 3M ($300k) in sales in 2020. Prior to this round, Indicio raised $250k in 2019.