Nextory to raise $6M from existing investors.
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.
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.