Stratsys adds Verdane as investors in the company.
Stratsys, a Gothenburg, Sweden-based developer of a cloud-based platform offering tools to simplify planning, execution and evaluation of strategic plans and governance models, announced getting into an investment agreement for raising the capital.
The deal was made for a minority equity stake with the Norwegian investor Verdane Capital.
Stratsys, founded in 2000 by CEO Henrik Lepasoon and Magnus Pernvik, Stratsys, built a SaaS providing a configurable governance and strategic management platform. Its software platform digitalises workflow processes and creates an overview of the links between the overall strategic plan and actions needed. As a result, the administrative burden on the organisation is eased as internal stakeholders can better coordinate their work and there is increased transparency on strategic plans and follow-ups.
Stratsys has a turnover of SEK 160M ($18M) generate by over 300 public and private sector customers including Aleris, SAAB, Peab, Stena, Bonnier, City of Stockholm and Region Västra Götaland representing 200,000 daily users in Sweden and Norway.
The company has been bootstrapped up until this round.