Match2One secured $1.5 million in fresh funding.
Match2One, a Stockholm, Sweden-based developer of programmatic advertising solutions, announced in a press release the completion of a SEK 13.5 million ($1.4M) capital investment round.
The funding round was backed by investors from Sweden including Markus Kullendorff and Friends Capital (Åke Lundén) and will be used to hire more people as the company is expanding its offering of consulting services.
Match2One, founded in 2015 by CEO Mikael Kreuger, Ted Sahlström and Michael Dewhirst, developed a software solution that makes it easier for advertisers to make automated targeted purchases of advertising space. The company is not profitable and made SEK 15.9 million ($1.7M) in sales in 2018.
Prior to this round, Match2One raised about $3 million from a range of angel investors from Sweden, including Stefan Bengtsson, Carl Palmstierna, Lars Lindgren, Bo Mattsson, Fredrik Månsson and Helena Herlogsson.