Fund manager calls new investment "one of the best tech companies in Sweden"

Swedish music platform secures additional financing from three major investors. One of these tells AMWatch about its reasons for becoming shareholder – but also about why the recent market volatility hitting tech businesses isn’t a major cause for concern.

Carl Armfelt, portfolio manager, TIN Fonder | Photo: PR / Tin Fonder

Swedish tech company Epidemic Sound announced yesterday that it had secured SEK 800m (EUR 78.5m) from three major domestic investors in a recent financing round. Pension companies AMF and Alecta invested alongside fund manager TIN Fonder, which specializes in investments in the tech industry.

This is TIN Fonder’s first investment in Epidemic Sound, portfolio manager Carl Armfelt tells AMWatch.

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