Stockholm-based SaaS scaleup Funnel is a data platform for marketing. Today, the company has announced that it has closed a Pre-IPO investment of $66M (nearly €57.1M) of primary capital to fund the continued rapid expansion of the business.
The investment was led by The Fourth Swedish National Pension Fund (AP4) and Stena Sessan, with participation from existing investors, including Balderton Capital, Eight Roads, F-Prime, Oxx, and Industrifonden. The closing marks the last round of private funding before Funnel’s planned initial public offering (IPO) on Nasdaq Stockholm.