SWEDEN - Industrifonden and Eqvitec back eBuilder with SEK 40m

eBuilder's online solutions cover logistics, purchasing and travel. It uses the Software as a Service (Saas) model, enabling clients to buy a license to use an online application service on demand.

Saas is a phenomenon of the "cloud computing" trend, and is projected to achieve strong growth. Only last month, a consortium of Scandinavian investors including Investor Grotwh Capital, InnovationsKapital and Via Venture Partners, took a 90% stake in Projectplace, one of the first SaaS-providers in Sweden.

Headquartered in Stockholm, eBuilder employs 140 people. In recent years it has reported annual growth of 25% and has revenues of approximately SEK 80m. It has 500,000 registrered users in 50 countries.

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• Topics
• Expansion
• Nordics
• Technology