Swedish PropTech company Navian Tech has closed a capital funding round of 28 million SEK with several well-known investors.

One of the new shareholders, a Swedish investment company that wishes to remain anonymous, subscribed to 8 million SEK of stock in the company.

Navian Tech offers a platform for digitising the real estate development industry, with the goal of opening it up to small and medium-sized real estate developers and investors.

Sergey Kazachenko, company co-founder and CEO, says: “We are incredibly proud to have reached this important milestone in our capital raising. Having leading investors who believe in our vision and strength is a huge confirmation of our work so far,” 

“These new investors will allow us to take Navian to the next level, and we look forward to working with them. With their support and experience, we can continue our journey to digitise the real estate industry and make it easier for more people to invest in properties.”

Navian Tech co-founder, Erik Linton, adds: “We are a pioneer in digitisation within our industry. With this capital injection, I am convinced that we will be able to increase our growth rate and take advantage of today’s volatile market that favours tech companies like us working for efficiency and digitisation.” 

The new capital is earmarked for brand development, expanding the company’s customer base, and further developing its digital platform – with additional issuances of shares expected later this year.