Ping Pong gets Alfvén & Didrikson as main shareholder in the company.

Ping Pong, a Stockholm, Sweden-based company providing a SAAS educational platform received new investors. The new shareholders are Alfvén & Didrikson, which owns 80% of the company, and local angel investor Hellen Wohlin Lidgard, through Ceres.

The financial details of the transaction remain undisclosed.

Ping Pong, founded in 1996 by Michel Bajuk, Palle Girgensohn, Patrik Kudo, Torgil Lenning and Magnus Widerberg, has developed an online platform that acts as a learning tool for education institutions and corporations interested in internal trainings.

The company operates 1.7 million accounts in Sweden, has 240,000 monthly users and recorded SEK 45M ($5.3M) in revenues in 2016.