Upodi closes investment from SEED Capital

Upodi, an Aarhus, Denmark-based startup providing a SAAS platform for subscription businesses, closed an $700k investment round from SEED Capital and local angel investor Mogens Elsberg, who also becomes the chairman od the board.

The money will be used to explore the expansion of the company's product into markets other than Denmark.

Upodi, founded in 2015 and led by CEO Rasmus Foged, developed a subscription management software aimed to help companies interested in implementing a subscription revenue stream. The company launched its product in 2016, has 9 employees and still looks to reach breakeven.