Younium, a Stockholm, Sweden-based B2B subscription management and billing software company, has recently secured an additional SEK 31 million (approximately €2.76 million) in funding.
SaaS Investors
The funding round was led by existing investors and joined by Partinc Capital.
Founded in 2021, Partinc Capital is a venture capital firm based in Stockholm, Sweden. The firm prefers to invest in early-stage European companies operating in the software-as-a-service sector. The firm has an additional office based in Amsterdam.
Younium Use of Funds
The company will utilize the funds to bolster its expansion efforts in Europe and North America, with a focus on strengthening its presence in existing strongholds and exploring opportunities in emerging markets. Additionally, the funding will contribute to achieving positive cash flow and further increasing market share outside the Nordics and Benelux.
About Younium
Founded in 2017 by Niclas Lilja, Younium is a company that provides subscription management and billing solutions for B2B SaaS companies. The company offers a comprehensive suite of services, including subscription management, billing automation, financial management, real-time metrics and reporting, and integration capabilities. Younium operates in the Nordics, Western Europe, and North America, with headquarters in Stockholm and additional offices in Malmö, Amsterdam, and Philadelphia.
Funding Details
Company: Younium AB, Inc.
Raised: €2.76M
Round: Unknown
Funding Month: March 2024
Investors: Partinc Capital
Company Website: https://www.younium.com/
Software Category: Subscription Management and Billing Software
Source: https://siliconcanals.com/crowdfunding/younium-raises-2-7m/