Swedish 21 Grams Raises SEK 20 Million from InnovationsKapital
21 Grams, a provider of postal management services, has announced that its raised a SEK 20 million round of financing from the leading venture capitalist InnovationsKapital. The funding will allow 21 Grams to aggressively grow the business on the Nordic market and to expand into other European markets.
21 Grams offers postal management services to corporate customers by leveraging its technology leadership in postage optimisation, in combination with its unique set of knowledge and experience of post, print and document management software. 21 Grams allows customers to outsource their non-core production of bulk mailings and to significantly reduce postage expenses.
“We are very excited about the market opportunity and we think that 21 Grams has the potential to become the leading company within postal management services on the European business process outsourcing market” says Peder Holm, Investment Director at InnovationsKapital.
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