Hedvig, a Stockholm, Sweden-based distributed storage platform, closed a $45 million Series B funding round.

The round was led by Anthemis with participation from existing investors, including Cherry Ventures, Obvious Ventures, Commerz Ventures, and Swedish Novax Nineyards Equity, Jonas Kamprad, and Mathias Kamprad.

With this new round of funding, they are accelerating its European expansion schedule and plans to launch in its fourth market in the coming months, this time outside of the Nordics.

Company: Hedvig Inc.

Raised: $45.0M

Round: Series B

Funding Month: September 2021

Lead Investors: Anthemis

Additional Investors: Cherry Ventures, Obvious Ventures, Commerz Ventures, and Swedish Novax Nineyards Equity, Jonas Kamprad and Mathias Kamprad

Company Website: https://www.hedvig.com/se

Software Category: Distributed storage platform

About the Company: Hedvig provides software-defined storage for enterprises building private, hybrid, or multi-cloud environments. The Hedvig Distributed Storage Platform is the only solution designed for both primary and secondary data, making it ideal for virtualized, containerized, and backup workloads. It consolidates block, file, and object into a single, API-driven platform that keeps pace with ever-growing data needs. Hedvig's patented Universal Data Plane technology forms a distributed, scale-out cluster that transforms commodity servers or cloud computing into a unified data fabric. Customers like BNP Paribas, Scania, GE, and Pittsburg State rely on Hedvig as a fundamental enabler of digital business. Hedvig insures 70,000 people across three markets, the majority of whom are under the age of 30. Last year, Hedvig grew its gross written premium by 200% and retained an NPS score ten times higher than the industry average.

Source: https://ibsintelligence.com/ibsi-news/hedvig-raises-45m-for-european-expansion-in-a-series-b-funding-round/