Swedish VR startup Manomotion gets $1.7 million in fresh funding at a $7M valuation and looks for US expansion

Manomotion is about to launch their first product, primarily aimed at VR app developers.

The new money will be used in part to scale up the company’s commercial team.

Official reports reveal that the company was valued at over $7 million in the equity round, raising $1.7M

Exactly who is investing is not clear from the documents, but Daniel Carlman says that it is about 16-17 angel investors. Among them is Lars Thunell, former CEO of SEB, investment banker Lars Molinder, from Carnegie Invest Bank, and Jakob Tolleryd, founder of Compricer. The company’s only previous investor, KTH Holding, are also holding up their share.

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