Swedish XMReality gets 11.5M SEK from angel investors.

In 2015 the turnover of XM Reality was more than 3.5 million of its AR product, just over half of what it budgeted for, a 330% increase compared with 2014. Profit scheduled landing at minus 4 million.

The company burns about 8M SEK per year.

"But 2016 has started well. We have three new clients in January. Two large Swedish companies operating internationally and a South African. These are companies with a turnover of over ten billion. And we have 24 paying customers at the moment" says Johan Castevall.

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