GP Bullhound leads €3m series-A for Elias Software

The growth investor is investing SEK 30m and deploying equity from its GP Bullhound Fund V vehicle, which held a first close in June 2020 on €125m. The fund is targeting €160m and planning to hold a final close at the start of 2021. The vehicle is focused on growth-stage businesses in the software industry and has made four investments so far, including Elias. 

Elias will use the proceeds to fuel product development and international expansion.

Previous funding
In March 2017, Elias raised SEK 11m in seed funding from Wellstreet and angel investor Andreas Kleerup.

Company
Founded in 2015 and based in Stockholm, Elias has developed a software that plugs directly into game engines, such as Unity, allowing game developers to create adaptive music and dynamic sound, and shortening the game development cycle by increasing workflow efficiency.

The company has around 50 employees, according to its LinkedIn profile. 

People
Elias – Staffan Dahl (CEO).
GP Bullhound – Joakim Dal (partner). 

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