Matsmart, the Swedish discount retailer for non-fresh food, raises further SEK 36M

Sweden Investments 17 November 2016
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Matsmart was founded in 2012 by Karl Andersson, who is also the CEO of the company.

The company had an accelerated revenue growth for the past 36 months, with a jump from SEK 2.5M revenues in 2015 to 26 million in 2015 and an estimated of 70M by the end of 2016.

Now the company raises SEK 36M, in a round led by Northzone, and also adds new investors in the share ownership, among which Tedlex Capital Partners.

The investment round comes as a followup one to a SEK 30M also led by Northzone, made in 2016.