Blingdale closes 43 million SEK funding round

We’re happy to announce that we’ve  surpassed our planned new share issue of 30 million SEK with a total closed capital of 43 million SEK.

35 million comes from current investors, and the remaining 8 million from new investors. The funding will be used to accelerate product development and prepare the companies for international expansion.

Claes Ramel, CEO Blingdale

We received a great interest and in just 2 months we secured 43 million. The investors are an interesting mix of IT billionaires, entrepreneurs, and venture capitalists. We’re glad that current investors are showing further interest, and that new ones have found their way to Blingdale.

Claes Ramel, CEO, Blingdale

Specialised in B2B, Liquidity and Transactions

Blingdale functions as an investor and incubator for both business ideas and talents in the B2B fintech space. Focus is on developing solutions and SaaS for liquidity optimisation and transactions. So far, the portfolio consists of two companies: FINQR and Quiddly.

FINQRs platform connects to the clients ERP in order to analyse, automate, and optimise accounts receivable. Clients include companies like the tech gadget store Kjell & Company, and the all-in-one sales platform GetAccept.

Quiddly is a platform provider licensing cloud native credit and invoicing platforms, Clients include companies like Qred and other credit and debt collection actors in the Nordics.

Focus on recruitment 2022

The capital will be distributed between Blingdales current subsidiaries and one new project under formation. Focus will be on recruitment to meet the growth ambitions with geographical expansion, increased rate of customer acquisition and product development.

Johanna Herrlander is responsible for building the organisations employer brand and talent management. She joined the team in 2021 with the mission to prepare the organisations and create the right conditions for the growth journey.

Johanna Herrlander, People & Organisation Blingdale

Being a part of building something like Blingdale from scratch is a true HR dream. During 2022 our focus will be on recruitment. We plan to hire around 25 talents in both managerial and specialist roles.

Johanna Herrlander, People & Organisation, Blingdale

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