Qwaya Raises SEK20M in Funding

Qwaya, a Stockholm, Sweden-based provider of social media ad platform, raised SEK20m in funding.

Backers included Industrifonden and Zobito.

The company intends to use the funds to continue to expand internationally.

Led by CEO Fredrik Skantze  and Chief Commercial Officer Per Made, Qwaya provides a cloud based platform for advertisers and agencies to create, publish and measure the effectiveness of their advertising campaigns on Facebook, LinkedIn and Twitter.

The company, which spun off from Keybroker Group in 2011, currently employs 12 people.



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