Team Tailor announced raising €10 million from existing investors.

Teamtailor, a Stockholm, Sweden-based developer of a SAAS for human resources departments, secured a €10 million ($10.6M) capital investment round.

The money was provided by existing investors Sprints Capital and will be used for further expansion of the company's business, with a focus on the American markets.

Teamtailor, founded in 2013 by Erik Andersson, David Wennergren and Richard Johansson, developed an all-inclusive software tool helping with marketing, candidate relationship management and recruitment. The tool is in use by roughly 6000 companies including Daniel Wellington, Boozt, Zettle, Oatly, Kry and Tobii and produced sales of €17 million in 2021, supported by 240 employees in Stockholm, London, Austin and Auckland.

Prior to this round, Team Tailor raised $5.2 million back in 2020.