Teemyco announced raising $3.2 million from 42CAP and a group of angel investors.

Teemyco, a Stockholm, Sweden-based software developer of a solution for virtual offices, announced the completion of a funding round totalling $3.2 million.

The money was raised from investors led by the German VC 42CAP, joined by previous investors Antler, Luminar Ventures and by a number of angel investors including Mehdi Ghissassi (Head of Product, DeepMind) and Sameer Singh (Creator of Breadcrumb.vc), who are investing via the 2021 Atomico Angel Programme, and Keith Richman (Co-Founder of Voi & Partner at 31 Atlantic).

The funds will be used to double the size of the team, focus on further product development and also scaling the sales and marketing efforts.

Teemyco, incubated in 2019 at Antler as Teemly by Oleg Danylenko and CEO Charlotte Ekelund, works for the development of a software solution that simulates the experience of a physical office, as it created a customizable virtual space, where co-workers co-exist in rooms or sit by the same virtual table, using voice and video technology to interact with each other.

Due to the pandemic, Teemyco has experienced a spike in demand for their service from users across 70 countries. Paying customers include Greenely, Upstreet, Hack your Closet, eHealthApp, and Mr Lee's noodles.

Teemyco raised $1 million in 2020.