Vinden announced a $400k in angel investment.

Vinden, a Stockholm, Sweden-based company working to build an on-demand storage service, announced that it completed a SEK 4M ($410k) capital investment round.

According to the company the round was over subscribed and was backed by new and existing investors, including Per Carlsson (Chairman of the Board), Erik Segerborg, Johannes Lien, Helene Willberg, Magnus Agervald and Gorilla Capital.

Vinden, founded in 2017 and led by CEO Sebastian Wiberg, built a digital service for solving storage problems. The company has been working with retail company Clas Ohlson on a pilot project since October 2018 and in 2019 it was fully integrated with Clas Ohlson’s product offer as customers who purchase removal boxes receive a month’s free storage with Vinden.

However, in 2018 it had a mere $20k in revenues and lost $50k, according figures recorded in the official Swedish books.