Inlandsinnovation invests SEK 4m in Kittelfjäll Utveckling

The deal is part of a SEK 25m investment spanning the next three years, and includes Partnerinvest and a number of private investors as backers.

Partnerinvest is a venture capital firm with SEK 200m under management, making investments in Swedish companies between SEK 2-10m in size.

For KUAB, the investment will help broaden the range of ski slopes at the Swedish alpine village known for off-piste skiing.

The capital injections will also finance improvements of the resort's snow cannons, piste lighting and a new ski lift.

With this investment, Inlandsinnovation concludes its fourth deal in just less than a month, having added SmartPlanes, Ruta Ett and most recently Loxysoft to its portfolio.

Company
KUAB manages the Swedish ski resort Kittelfjäll. Based in Västerbotten in northern Sweden, the town was founded in 1815.

People
Investment analyst Leif Pettersson worked on the deal for Inlandsinnovation. Roger Vikström is the CEO of KUAB.

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