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Qwaya raises $3 million Series A venture capital financing


We are excited to announce that we have raised a $3 million Series A round of financing for Qwaya. We have seen a fantastic growth in the use of Qwaya over the past year and the money will primarily be used to further expand the development team to make Qwaya even better.

The round was led by venture firms Zobito and Industrifonden with participation of a number of angel investors.

Zobito is a new venture firm started by the team behind $1 billion Nasdaq IPO QlikTech. Industrifonden is one of the most active Swedish early stage investors with a $550 million evergreen fund.

The news was covered by TechCrunch yesterday:

After Closing $3 Million Series A, Qwaya Wants To Help SMEs Get Down With Facebook Ads

Our official press release can be found here:

Qwaya press release 2013-06-11


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