SWEDEN - Industrifonden invests SEK 9m in satellite receiver Lyngbox

Industrifonden has invested SEK 9m in LyngBox Media AB, a company that develops a new type of digital boxes intended for satellite reception of TV programmes. The Lyngbox is automatically updated by the internet with data on all the world’s different satellite channels. This is the first round of investment from Industrifonden, and the investment will be used to expand production, marketing and recruit new staff. The company is based in Linköping and was founded in 2003.