Index Ventures and Creandum lead €8.2m round for iZettle

A further investment will come from retail investor Charles Dunstone, CEO of The Carphone Warehouse.

Company
iZettle, founded in 2010 and based in Stockholm, Sweden, develops hardware and software for card payments on Apple mobile devices. The technology consists of a handheld card reader, which is inserted into a standardised hardware interface on the device, and a software application to handle the payment.

While the technology itself is provided at no cost, each transaction is priced at SEK 1.50 and 2.75% of the total sum. The product was launched on Apple's software application distribution platform in August earlier this year.

People
Ben Holmes, partner, worked on the deal for Index and will join iZettle's board of directors. Johan Brenner, general partner, worked on the deal for Creandum and will also join the company's board. The company was founded by entrepreneurs Jacob de Geer and Magnus Nilsson.

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

• Topics
• Nordics
• Technology
• Early-stage
• Now researching
• Sweden
• Index Ventures