Savr in a SEK 162 million investment deal backed by Schibsted.

Savr, a Stockholm, Sweden-based operator of a digital investment platform for consumers, announced completing a SEK 162 million ($16.4M) capital investment round.

The money was raised from investors led by Schibsted and joined by the local investor Ash Pournouri through Nordic Angels.

Savr, founded in 2016 by CEO Daniel Aarenstrup and Hannes Arthursson, developed a consumer platform that allows users to choose their option of funds and pay half the commissions and distribution fee compared to market prices. It says it currently has 90,000 customers from Sweden.

The company previously raised $6 million in 2021 and was backed by other local investors from Sweden, including Andreas Grape, Jacob Rudbäck, Krister Sundling, Recapex, Robert Swartling and Sebastian af Jochnick.