Red Flag raises SEK 15M more, wants to launch an accounting service by the end of 2017.

Sweden Investments 22 August 2017
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Red Flag, a Stockholm, Sweden-based startup raised SEK 15M ($1.9M) in a fresh investment round. The money comes from new and existing investors and will be used for launching and finding product-market fit.

Red Flag, founded in 2016 by Niklas Derouche, Mattias Söderhielm and CEO Mikael Pawlo, is working on an all-in-one digital admin solution for freelancers and small business. The service is expected to be launched in the second part of 2017.

Prior to this deal, Red Flag raised more than $4M in outside investment from investors including Staffan Persson, Anders Strom or the Dinkelspiel family.