Capitalia invests EUR 300,000 in Swedish company Favro

Published date25 May 2022
Publication titleLETA

RIGA, May 25 (LETA) - Capitalia has invested EUR 300,000 in Swedish start-up Favro, thus, joining a group of investors in the SEED round led by Practica Capital, LETA learned from Capitalia representatives.

Favro is a work platform for collaborative planning that has attracted significant traction from leading companies around the world, including Wolt, ElectronicArts and Volvo.

Over the past months, Favro has attracted investments worth almost USD 5 million (EUR 4.68 million). The financing will primarily be used to boost sales and for marketing activities.

Favro, extablished in 2016, is a platform for collaborative planning that is used mostly by SaaS (software-as-a-service) and gaming companies. It helps to plan work more efficiently within and between teams across all disciplines in an organization.

Favro has more than 1,500 worldwide...

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