Sanctify announces new board member as it closes new financing round

Sanctify – a fintech company founded in Lund has closed a financing round at € 770.000 (SEK 7,75 million). The investment is reported to be by Hugo Ljungberg, who with the round becomes the startup’s second-largest investor only Mist Ventures.

This round was bigger then planned, Sanctify’s CEO Oscar Dahlblom’s shares:

“We only expected to raise around SEK 5 million and estimated to close the first round during the spring of 2021, but our company has acquired a huge interest that we already managed to secure the funding and close the round. The current cash of over SEK 8 million ensures an 18-month long of developing and accelerating the technology that back Sanctify’s overall operation.”

Hugo Ljungberg believes this success comes to fruition thanks to the company’s unique data-driven investment strategy.

“It is undeniable to say that Sanctify has brought in very exciting technology to the fintech area and I see enormous potential in this technology. The Capital injection will enable Sanctify to enter the market faster with their state-of-the-art AI technology. I’m looking forward to more exciting ventures with the company in the future”, Hugo says

Besides this big financial achievement, Sanctify also recognizes major contributions from their newly added board members: Rickard Nygren, who has extensive expertise in managing software businesses namely Grade, and Hubert Warzynski whose experience related to many big names in the financial sector such as Citibank, Nordea, and Credit Suisse.

Sanctify is a fintech company that offers tools tailored for the new paradigm of sustainable finance. The company aims at developing high-performance, data-optimized AI tools for analysis of financial markets and sustainability. They have two offices, in Lund and Stockholm.

The post Sanctify announces new board member as it closes new financing round appeared first on Øresund Startups.

Originally published on Øresund Startups : Original article

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