Nenda secured SEK 7 million from angel investors from Sweden.

Nenda, a Stockholm, Sweden-based software developer of a SAAS video streaming service, announced raising SEK 7 million ($800k).

The money was raised from local angel investors based in Sweden, including Manfred Aronsson, former head of MTG Sweden and Cmore, Casper Bjørner, former Nordic head of Disney and existing shareholder Carl Palmstierna.

Nenda, founded in 2019 by CEO Anders Hässel, Per Romild and Carl Johan Barnekow, developed a SAAS video platform that works in as similar way to cable and satellite TV. The platform is pre-installed on TV sets and sold on a subscription bases to companies including hotels, gyms, care homes, hospitals and offices.

Nenda previously raised funding from angel investors in 2019 and in 2020.