01 Sep 2010   |   News

Telepo raises €10M in second round


Funding

The Swedish software company Telepo AB has raised €10m in its second round funding from Investor Growth Capital and existing investor Accel Partners. This is the biggest software investment this year in the Nordic countries.

Mikael Johnsson, Vice President at Investor Growth Capital, will join Telepo’s board of directors.

Telepo will use these new resources to fuel an accelerated geographical expansion and to further strengthen the breadth and depth of its Business Communication software. Telepo CEO Lars Wahlström said, “Today, our […] software enables 16 Service Providers in five countries to offer unified communications as a service via the Cloud and they averaged a 280 per cent end user growth last year.

“Business users benefit from our rich feature set through a single consistent experience across all device types, including mobiles, PCs, Macs and deskphones.”

Investor Growth Capital is the wholly owned venture capital arm of Investor AB, the largest listed industrial holding company in Northern Europe with assets of more than SEK153 Billion (€16.3 billion).

Meanwhile, Accel Partners has previously invested in Facebook, Admob, Macromedia and Playfish. It first invested in Telepo in 2006.

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