Tipser raises $1.3M from existing investors, wants to expand abroad.

Tipser, a Stockholm, Sweden-based company providing software-based services closed a SEK 12M ($1.3M) investment round.

The money was provided by existing investors and will be used to expand the company's business in Denmark and France.

Tipser, founded in 2011 by CEO Marcus Jacobsson, Jonas Sjöstedt and Axel Wolrath, offers an affiliate-based software solution that transform any content platform into a e-store so that visitors can shop where they get inspired.

The company works with media companies including Bonnier, LRF Media, Bauer and Hubert Burda and expects revenues of SEK 3M ($330k) per month in 2019.