Pacemaker secures SEK 4M from two British angel investors.

Sweden Investments 13 November 2017
Share on FacebookShare on Twitter

Pacemaker, a Stockholm, Sweden-based company providing a music mix service built on top of Spotify, raised SEK 4M ($480k) and added two more angel investors, British Charles Dunstone and Anton Bilton, on its shareholders list.

Pacemaker was founded in 2011 and led by CEO Jonas Norberg. The company developed a mobile application that allows users to create musical mixtapes based on music streamed from Spotify. In 2016, on the Swedish business books, Pacemaker recorded SEK 5M ($500k) in revenues and operational losses of SEK 11M.

The company raised more than $3M in outside funding, from a range of local investors including Soläng Invest, Spintop Ventures, Capital A or Victor & Victor.