Pihr announced raising SEK 20 million from local angel investors from Sweden.

Pihr, a Stockholm, Sweden-based developer of HR SAAS, announced that it secured a funding round of SEK 20M ($2.4M).

The money was raised from local angel investors from Stockholm.

Pihr, founded as Performing Ideas in Sweden AB in 2012 by CEO Magnus Drogell and Magnus Flink, developed a software solution that helps companies benchmark their payroll. The tool converts existing data to complete gender pay gap and equal pay audit reports.