Tipser raises $5 million from investors led by Peter Dahlberg

Sweden Investments 15 January 2020
Share on FacebookShare on Twitter

Tipser, a Stockholm, Sweden-based software developer, announced that it raised a SEK 45M ($5M) via a convertible note.

The funding was provided by private investors from Sweden, led by angel investor Peter Dahlberg. Part of it was used for acquiring Reve, in a SEK 30 million ($3.2M) deal.

Tipser, founded in 2011 and led by CEO Marcus Jacobsson, developed a software solution which helps large media houses find new sources of revenue by selling products on their sites. The platform provides affiliate-based options to any content provider aiming to add ecommerce capabilities to their content assets, and takes responsibility for both customer service, inventory and payment.

Tipser is active in France, Denmark, Sweden and Germany and works with customers including Bonnier, Schibsted, Elle, Cosmopolitan and Bauer Media, which generated sales of SEK 28 million ($3M) in the last fiscal year.

Prior to this funding round, Tipser raised more than $7 million from outside investors.