Norban secured $2 million from a group of business angels.

Norban, a Malmö, Sweden-based online broker for the real estate industry, announced the completion of a SEK 17.5M ($2M) capital investment round.

The funding was provided by a range of angel investors from Sweden, including David Hedman, Johan Tjärnberg and Fredrik Röhnisch.

Norban, founded in 2019 by CEO Per Hedenmark and Adrian Miller, developed a software solution via which it provides a real estate brokerage service, aiming to shorten the seller buyer connection. The company is a hybrid broker, a cross between network brokers and traditional brokerage, and aims to sell 150 properties in 2020.

Prior to this round, in 2019, Norban raised $1.3M.