Ventech, Inventure, Sunstone in €9.25m series-B for Freespee

The consortium of VC backers in the series-B consists of Danish VC Sunstone Capital, Finland-based Inventure, and Silicon Valley Bank. The bank typically provides debt financing, though it did not specify the type of funding it provided Freespee.

Freespee's latest funding round brings the total raised by the Uppsala-based business just shy of €15m over the span of seven years.

Previous funding
Freespee most recently secured funding in October 2012, when the company raised €3.3m in a series-A led by Sunstone and joined by Inventure. Prior to that, the company had received €1.1m from Inventure in February 2011 and €800,000 in October 2009.

Company
Based in Uppsala near Stockholm, Freespee's platform analyses the conversations a firm's marketing team has with its customers. The company delivers a metrics service allowing users to monitor interaction with prospective customers across communications on multiple platforms.

Freespee's current customer base includes Lloyds Bank, eBay, Bupa and Fiat Chrysler.

A company spokesperson told Swedish media it plans to double its revenue in the current financial year, to SEK 50m.

People
Freespee – Carl Holmquist (CEO).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• Technology
• Nordics
• Sweden
• Inventure
• Start-up
• Late stage funding
• Sunstone Capital A/S
• Venture