Volumental raised SEK 117 million from CNI, Moor, Forward, Walerud Ventures, Backstage Invest and Abanico Invest.

Volumental, a Stockholm, Sweden-based company working on a 3D technology that can scan feet in order to create customized shopping experiences for consumer fashion retail stores, announced raising SEK 117 million ($12.9M) in an equity funding round.

The money was raised locally from Sweden from investors including CNI, Moor, Forward VC, Walerud Ventures, Backstage Invest and Abanico Invest.

The proceeds will be used for the expansion of global sales, marketing and product development efforts to accommodate the fast-growing pipeline of brands coming onto the platform

Volumental, founded in 2012 by CEO Alper Aydemir, Rasmus Göransson, Caroline Walerud and Miroslav Kobetski and led by CEO Moritz Schiebold, developed a platform which enables everyone to create an accurate 3D body model to customize products and services.

The company says that its 3D foot scanners are in use by nearly 100 leading brands and retailers across mobile devices and in more than 3,000 retail stores globally. In the last fiscal year ended in May 2021, Volumental produced sales of SEK 60 million ($6.6M).

Volumental previously raised around $6 million.