Testagram gets acquired by Akasha Brands

Testagram, a Stockholm, Sweden-based company managing a subscription service for product testing, sold the company to Gothenburg-based Akasha Brands. The financial details of the transaction remain undisclosed.

Testagram, founded in 2014 by CEO Mari-Linn Stenlund, developed a subscription service for consumers interesting to test out CPG products.

The company, which prior to this deal was owned by its founder and angel investor Tim Svensson, is profitable, with sales of SEK 6.2M ($730k) from about 20,000 members.