Ever since COVID-19, companies embracing digitisation and moving their services online have rapidly accelerated. The Sweden-based startup inRiver helps such companies smoothly transition online, thanks to its product information management (PIM) solution. The company has now raised a notable €27.09M in a new funding round, which was led by Lugard Road Capital.
Funding to fuel product excellence, global expansion, and partnerships
inRiver’s latest funding of €27.09M was led by Lugard Road Capital, a well-known global investment firm. Additionally, existing investors such as Verdane, Industrifonden, Zobito, and RoosGruppen also participated in the round. With the help of fresh funds, the company aims to go ahead with its rapid growth plans to meet accelerated customer demand, continued product development, and further its global expansion plans in North America and across Europe.