Wrebit, a new Swedish mobile accounting software provider, has raised $235,000 in seed funding from three local investors.
Almi Invest, Stahl Invest and InkInvest have back the first financing round of the fledgling business.
Wrebit is looking to put part of the fresh funds towards the launch of its app in Sweden in addition to growing further its product marketing and development.
Founded by accountant David Wengbrand this year, Wrebit has developed a mobile accounting and invoicing platform focused on small businesses in Sweden.
Wrebit is the first investment for both Stahl Invest and InkInvest, which are yet to expand in the Swedish venture capital market.
Almi has made 45 investments in 39 companies to date, according to Crunchbase. Just before backing Wrebit, the Swedish venture firm took part in a $168m financing round in Swedish construction materials price comparison website Byggvaru in May.
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