Krafthem announced securing SEK 5 million from Daniel Johnsson

Krafthem, a Stockholm, Sweden-based energy retailer startup, announced a capital raise of SEK 5M ($570k).

The fundingwas provided by local angel investors from Sweden, including Daniel Johnsson as well as a matching contribution from CEO and founder John Diklev. Proceeds will be used to develop the company's AI-based technology for electrical flexibility.

Krafthem, founded in 2020, aims to sell energy to private customers, providing cheap and smart electricity contracts. The company estimates to make its services available in the market by the end of 2020.