– SWEDEN, Stockholm – 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.
Pär Lange, Investment Director at Swisscom Ventures, will take seat on the Netrounds board of directors.
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.”
“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 is an active network measurement solution provider for physical, hybrid and virtual networks. Netrounds’ programmable, software-based test, service assurance and monitoring capabilities enable telecom operators and service providers 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 network operators, service providers and enterprises worldwide and its headquarters in Luleå, Sweden, with offices in Boston, Massachusetts and Stockholm, Sweden.
For more information : https://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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