Arkub Group, a Swedish provider of M2M and telematics solutions, has raised SEK12m in funding.
Backers include Almi Invest.
Founded in 2002 and led by Chairman Stig Alterbäck, Arkub operate through two subsidiaries:
– Arkubserver, which delivers highly qualified standardized telematics platforms for collecting, processing and presenting data from machinery and other geographically spread resources;
TelliQ, which delivers automated fleet management solutions and mileage logs to owners of company cars in Sweden and Europe.