Stepler in a SEK 10 million investment round backed by angel investors from Sweden.

Stepler, a Karlstad, Sweden-based startup developing a mobile app for fitness purposes, raised SEK 10 million ($1.2M).

The money was raised from local investors from Sweden, including Almi Invest and angel investor Filip Tysander.

Stepler, founded in 2018 by Semir Hadiahmetagic and Niklas Frisk, built a mobile app providing users with promotional rewards based on their physical activities. The system is based on points for the number of steps which can be exchanged for products, services and experiences and is in use by about 500,000 people in Sweden and Norway.

Stepler previously raised an angel investment round in 2020.