SEB subsidiary SEB Venture Capital contributed to a $12.7m round for the software performance-monitoring technology developer, which has raised $35m in total.
Sweden-based enterprise software producer Apica Systems secured $12.7m yesterday in a round featuring SEB Venture Capital, the corporate venturing arm of financial services provider SEB.
The round included Swedish state-owned venture capital firm Industrifonden, investment firm Oxx and KTH Chalmers Capital, a VC firm backed by Chalmers University of Technology and KTH Royal Institute of Technology.
Founded in 2005, Apica provides software that enables enterprise clients to monitor the performance of their IT applications for their end users.
The company’s…
