Netrounds Raises Series A Investment Round Led by Swisscom Ventures and a new Nordic Technology Fund
Jan 17, 2019, 11:03 ET
Along with the addition of industry experts to the Netrounds board, this round will help expand global sales operations, strengthening key talent acquisition, and continued solution innovation.
STOCKHOLM, Jan. 17, 2019 /PRNewswire/ --
Netrounds, the leading provider of software-based active testing, monitoring and automated troubleshooting solutions for communications service providers and global enterprises, today announced that it has raised a Series A investment round led by Swisscom Ventures, the venture capital arm of Switzerland's leading telecommunications and IT company, Swisscom Group, and a new Nordic technology investment fund which is expected to be disclosed and announced at the end of Q1, 2019.
Netrounds focuses on providing the most user-friendly, automatable and comprehensive solution aimed at assisting communications service providers and enterprises worldwide to deliver superior and fault-free customer experiences. The funds raised will be used to expand global sales operations, strengthen key talent acquisition and to continue solution innovation.
"At Swisscom Ventures, we look for investment opportunities that are not only sound financially, but also provide a key piece of technology that can enhance the Swisscom Group and our commitment to providing the highest level of service quality to our customers," said Pär Lange, Investment Director at Swisscom Ventures. "We are excited about the prospect of working with the Netrounds team to take them to the next level of growth and success."
Pär Lange will take seat on the Netrounds board of directors.
"The Netrounds team is thrilled to begin working with our new investors as we continue our exciting journey of growth and innovation," said Mats Nordlund, CEO and co-founder of Netrounds. "This investment round will significantly improve our sales team's capability to execute on our rapidly growing sales pipeline and to capture global market share."
Netrounds will be showcasing their software solution at the MWC event, formerly known as Mobile World Congress, at Fira Barcelona Gran Via in Barcelona, Spain on February 25-27.
Schedule a meeting with Netrounds at MWC to see the newest innovations or contact [email protected] to schedule a one-on-one demonstration or discussion.
Netrounds is an active network measurement solution provider for physical, hybrid and virtual networks. Netrounds' programmable, software-based test, service assurance and monitoring capabilities enable communication service providers and global enterprises to enhance the end user experience of IP-based services such as Internet, TV, voice and other quality-demanding business services. Netrounds solutions are used by more than 250 customers worldwide and is headquartered in Sweden with offices in the U.S., Europe and Asia. For further information, please visit www.netrounds.com.
About Swisscom Ventures
Swisscom Ventures is the venture capital arm of the Swisscom Group, the leading telecommunications and IT company in Switzerland. Since its inception in 2007, Swisscom has acquired minority stakes in over 50 companies with a strong focus on digital media, IT and telecommunications. Swisscom Ventures offices are located in the innovation hubs of Switzerland (Zurich and Lausanne) and the USA (Silicon Valley). As a strategic investor, they invest in companies that are strategically relevant to the Swisscom business.
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