Industrifonden invests SEK 10m in AMRA

Industrifonden first invested in AMRA in January 2014 and expressed interest in injecting additional capital if the company grew in a satisfactory way.

Investment director Lars Henriksson said AMRA had fulfilled all the goals Industrifonden had set when it first invested, including bringing in its first paying clients.

AMRA will use the fresh capital to increase the pace of its international expansion, which includes plans to open offices in Norway and the United States.

Previous funding
In January 2014, Industrifonden invested SEK 5m to acquire a minority stake in AMRA.

Company
Linköping-based AMRA offers an online analysis service for standardised measurement of fat and muscle mass in the body, based on magnetic resonance images.

The service is used to study areas such as obesity and metabolism, muscular diseases, sports medicine and rehabilitation.

AMRA was founded in 2010 as a spin-off from three departments at Linköping University in Sweden.

According to publicly available information, the company had revenues of SEK 1.5m in 2012/13, making a loss of SEK 778,000.

People
Industrifonden investment director Lars Henriksson worked on the deal alongside AMRA CEO Tommy Johansson.

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• Topics
• Nordics
• Expansion
• Healthcare
• Sweden
• Industrifonden