Worldfavor raises SEK 6.5M.
Worldfavor, a Stockholm, Sweden-based startup providing an SAAS platform for sustainabilty, announced raising SEK 6.5M ($740k) in equity investment. The backers include Norrsken Foundation, with a SEK 4.5M contribution, Soläng Invest, local investor Ludvig Linge and existing investor AXSU Ventures.
Worldfavor, led by Freda Emilsson, aims to enable sustainable companies and informed stakeholders with digital technology. As scuh, the company has developed a platform as service of global data warehouse with corporate sustainability information.
Prior to this investment, in 2016, Worldfavor raised SEK 5.3M ($613k) from AXSU and Vinnova.