Maitres secured SEK 12M from a group of Swedish angel investors.

Maitres, a Stckholm, Sweden-based company building a business based on a mobile payment app for the hospitality business, completed a SEK 12M ($1.2M) capital investment round.

The funding, made at a SEK 125M ($12.6M) pre-money valuation, was provided by existing investors from Spinnaker Ventures and included fresh capital from angel investors from Sweden Måns Ulvestam and Karl Rosander.

Maitres, incorporated in 2016 by Fredrik Tedsjö, Anders Ingårda (CEO), Kristofer Sandström and Christian Olsson, developed a mobile app that aggregates bookings for the restaurants and facilitate easy consumer payments.