AP6 invests SEK 100m in Tobii

AP6 will join current investors Northzone Ventures, Amadeus Capital, Intel Capital and Investor Growth Capital.

Tobii is a developer and manufacturer of assistive technologies and communications, most notably based on eye-tracking technology.

AP6's investment will be used to finance Tobii's acquisition of Dynavox as well as the company's continued expansion.

Boston-based Dynavox, a developer of augmentative and alternative communication systems, was acquired by Tobii in May this year. Its products are predominantly used to help people with communication disabilities, such as people with autism or developmental delays.

Headquartered in Danderyd, Sweden, Tobii has offices in the US, China, Japan, Germany and Norway. Founded in 2001, the company now employs 650 staff and had revenues of SEK 412m last year.

In 2007, the company raised $14m from Investor Growth Capital to accelerate its growth and enhance product development. Two years later, the business raised €16m in a series-B round led by Amadeus and Northzone.

AP6 is the Swedish National Pension Fund's sixth fund, and the first to invest only in private companies, which it does both directly and as an LP through other – predominantly Nordic – funds. Last year, AP6 committed to Northzone VII, according to unquote" data. The tech-focused fund has a €200m target and will back companies in the Nordic region.

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• Topics
• Expansion
• Technology
• Nordics
• Sweden
• Northzone
• Amadeus Capital
• Intel Capital
• Investor Growth Capital