Single Technologies raised SEK 50 million from a range of Swedish angel investors.

Single Technologies, a Stockholm, Sweden-based company building a 3D sequencing platform, announced that it secured funding totalling SEK 50 million ($5.9M).

The money was raised from local investors from Sweden, new and existing shareholders, including Jens von Bahr, Rothesay, Cygnus Montanus Trust, Ulf Landegren, and Andreas Ehn.

Single Technologies, was founded in 2014 by CEO Johan Strömqvist, Bengt Sahlgren, Annika Bolind Bågenholm and Raoul Stubbe based on research into single-molecule imaging and biotechnology at the Royal Institute of Technology (KTH) in Stockholm, as well as on R&D in fiber optical grating done at Proximion, a fiber optics company based in Kista, Sweden.

The company's sequencing platform, Theta, uses a rapid confocal scanning system and a proprietary nanofluidic technology but does not require changes to existing sequencing chemistries.

Single Technologies previously raised a little more than $3 million.