Outpost24 raised SEK 200 million in a round led by Swedbank Robur alongside Alcur Fonder.

Outpost24, a Stockholm, Sweden-based cloud-based cybersecurity SAAS provider, announced that it raised its capital in a SEK 200M ($24M) deal.

The money was raised from investors from Sweden led by Swedbank Robur, one of Scandinavia’s largest asset managers, alongside Alcur Fonder, a Nordic equity investment firm based in Stockholm.

The new investment will be used to accelerate the business expansion and services availability to customers worldwide.

Outpost24, founded in 2001 and led by CEO Martin Henricson, provides vulnerability management services, by delivering insights that reduce vulnerabilities and attack surface for any architecture. The company has over 2,000 customers in more than 40 countries which produced a turnover of SEK 145 million ($17.3M) in 2019.

Outpost24 is owned by the Swedish growth investor Monterro, which acquired a majority stake in 2016.