Kundo adds Standout Capital as investor in the company in a $5M deal.

Sweden Investments 17 March 2020
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Kundo, a Stockholm, Sweden-based software company providing a suite of digital customer service tools, announced entering into an investment agreement for adding Standout Capital as owners in the company.

The deal was made part capital injection of SEK 28 million ($2.7M), part secondary transaction of existing shares valued at SEK 22M.

Kundo, founded in 2009 by CEO Björn Lilja, Emil Stenström, Jonatan Larsson and David Billskog, developed a cloud based customer support platform which provides easy to use tools for your digital customer service needs. The company has 45 employees based in Stockholm and Oslo and is working with customers including SVT, Arla and Apoteket.

Prior to this round, in 2018, Kundo secured $1M from Cloud Capital.