Leeroy secured $4.7M from new and existing investors, including Zenith Venture Capital and Collector Ventures.

Sweden Investments 15 February 2019
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Leeroy, a Sundsvall, Sweden-based company providing a software as a service solution for the hospitality business, announced that it completed a SEK 44M ($4.7M) capital investment round.

The backing round was financed by new and existing investors, including Zenith Venture Capital, Collector Ventures, Almi Invest, Norrlandsfonden and RCL Holding. The proceeds will be used to sustain the growth of the company's business internationally.

In connection to the investment, Andreas Lindén, the CFO of RCL Holding, will join Leeroy's board of directors.

Leeroy, founded in 2007 and led by CEO Per Nord, developed a software solution that helps restaurant chains monitor and control their business in real-time via a mobile-based point-of-sale system. The company has 43 employees and SEK 45M in sales from customers including Holy Greens, Pizza Hut, Waynes Coffee, Zócalo, Vigårda, Urban Deli, Swedish Brasseries, 1889.

Priro to this round, Leeroy raised about $4.6M.