The venture unit of Sweden-based bank SEB Enskilda has helped Apica, a performance monitoring provider for cloud and mobile applications, raise $5m.
The series C round was led by SEB Venture Capital, and joined by venture firms Industrifonden, ALMI Invest, and KTH Chalmers Capital.
Patrick Westerberg, Senior Investment Manager at SEB Venture Capital, said: “Apica is a well-managed company operating in a global market with a strong potential for growth. With a team of experienced entrepreneurs leading the company and a wide range of cloud services offered, we strongly support Apica’s expansion.”
Apica raised $2m in Series B funding last July, led by Swedish investor Industrifonden.