Red Flag raised $1.8M from new and existing investors.

Red Flag, a Stockholm, Sweden-based company providing a SAAS for business administration, secured a SEK 17M ($1.8M) capital investment round.

The money was provided by founders and new and existing investors, including Veralda, Staffan Persson and Andreas Ehn.

Red Flag, founded in 2016 by CEO Mikael Pawlo, Mattias Söderhielm and Niklas Derouche, developed an all-in-one digital admin solution for freelancers and small business, helping with automated declarations, tax payments, financial statements, annual reports and all salary management for its customers.