Sensative gets SEK 27M from new and existing investors.
Sensative, a Lund, Sweden-based company IoT products, announced the completion of a capital raise totalling SEK 27M ($2.8M).
The funding, which was oversuscribed, was backed by new and existing investors. The proceeds will be used to fuel the company's expansion ambitions in Europe and US markets.
Sensative, founded in 2013 and led by CEO Mats Pettersson, has developed a unique horizontal platform for connecting different subsystems in smart properties and smart cities. Its ultra-thin Strips sensor enables invisible mounting on windows and doors, up to 10 year carefree operations and instant integration with home security systems. Its open, secure connectivity platform and marketplace for property services, called Yggio, enables multipoint-to-multipoint communications and true hardware- and software-interoperability.