
SWEDEN - Industrifonden backs Cyrba with SEK 20m
Industrifonden has invested SEK 20m into Cyrba Innovation Products, a supplier of components to the whirlpool industry.
The company has developed an electronic system and a new production and building technique that allows for quicker installation. The electronic box, which offers individual jet control, enables the consumer to customise the different features of the whirlpool. Founded in 2006, Cyrba employs 15 people in its headquarters in Gothenburg.
The capital infusion will fund international expansion, including new hires.
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