Nextory to raise $6M from existing investors.

Sweden Investments 25 March 2020
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Nextory, a Stockholm, Sweden-based company providing a consumer subscription for audio and e-books, announced the completon of a SEK 60 million ($6M) capital investment round.

The money was provided by existing investors, including Industrifonden, LK Finans AB, ACACIA and Frescano Group.

Nextory, founded in 2012 as E2GO and led by CEO Shadi Bitar, built a business based on selling access to audio and e-books. The company had sales of SEK 182M ($18M) in 2018 and is active in Sweden, Finland, Denmark, Germany, Austria and Switzerland.

Prior to this round, Nextory raised $14M.