Klingit to raise SEK 20 million from existing Swedish investors.

Klingit, a Stockhlm, Sweden-based startup operating a B2B marketplace for graphic design work, announced closing an equity financing round at SEK 20 million ($2.2M).

The money was raised from existing investors including WiT Ventures, Livingstone Partners and King's founders Sunit Mehrotra and Frank Hollingworth.

Klingit, founded in 2020 by CEO Rikard Hegelund, Teddy Wold and Cem Arel, built a platform for managing, producing and storing graphic design and marketing materials. The platform operates under a fixed-price subscription model, including different volumes and production rates. All orders are handled via Klinigt's interface where the customer is guided through the order flow so that the data is as good as possible. In addition to the production platform, Klingit also consists of a system for storing, sharing and structuring brand assets.

The company says it expects sales of SEK 11 million ($1.2M) for 2021 out of 100 customers including Memmo, Residence Christies and Grant Thornton. It previously raised SEK 8 million in 2021.