Nextory raises SEK 60 million for continued expansion
The book service Nextory is raising new capital in order to finance its rapid growth and its continued international expansion. The existing owners, together with a few minor private investors, are now investing SEK 60 million into the company.
In 2019, the sale of books via digital subscription services increased by 36 per cent in Sweden. During the same period, Nextory experienced growth of 114 per cent and doubled the size of its customer base. Nextory's owners Industrifonden, LK Finans AB, ACACIA and the Frescano Group, together with a few new private investors, are providing around