Medius, a Sweden-based provider of IT support application systems, raised SEK25m (approximately €240,000) from venture capital firm InnovationsKapital.
Founded in 2002, Medius is currently represented in Sweden, Norway, the Netherlands, Germany, the UK, France, United Arab Emirates, and in Poland, and will use the funds to continue its rapid expansion in these contries.
The company provides its over 300 customers, including, among others, Saab, Haldex, Stadium, Mekonomen, K-rauta, and The Body Shop, with support application systems in three business areas: Consulting, ERP, and Workflow.
For the Nordic market, Medius works within all three above mentioned business areas. In the other markets, Medius primarily focuses on the offerings of the Medius workflow business area.