inRiver, a Malmö, Sweden-based provider of product information management (PIM) solution for businesses to sell more products, closed a $32m funding round.
The round was led by Lugard Road Capital with participation from existing investors Verdane, Industrifonden, Zobito, and RoosGruppen.
The company intends to use the funds for meeting customer demand, continued product development, and further global expansion.
Led by Thomas Zanzinger, CEO, inRiver provides a SaaS based product information management solution that integrates with other technologies in the ecosystem to enable users to sell more products online.
The solution enables better customer experiences for branded manufacturers, industrial manufacturers, and retailers to sell their products and solutions across any channel or marketplace quickly and easily. inRiver also has offices in Chicago and Amsterdam.