Juni announced a seed funding round of €2 million backed by Cherry Ventures

Juni, a Gothenburg, Sweden-based SAAS developer for financial backend of ecommerce companies, announced securing a €2 million ($2.4M) capital funding round.

The money was raised from the German early stage investor Cherry Ventures, which covered all of the amount. Local angel investors Johan Bendz and Jarno Vanahatapio were also contributors in the round.

Juni, founded in 2020 by Anders Orsedal and Samir El-Sabini, work for the development of a financial platform for e-commerce and online marketing professionals. The platform's purpose is to be a dashboard aggregating information and data such as payment support, performance marketing networks, suppliers, and expenses.

Juni expects to launch its product in 2021.