EdTech start-up Dugga has landed new investment for expansion

The fast-growing digital assessment system Dugga, which offers schools a digital one-stop solution for national exams and all other types of tests has raised more than 500 000 EUR to speed up expansion. Among the investors there are about a dozen researchers, teachers and alumni from the Stockholm School of Economics as well as institutional investors such as Alted and Service Ventures.

The Swedish EdTech company has recently conducted a capital round. Now, Dugga has closed the round after raising more than 500 000 EUR. Previously, Dugga has raised venture capital and research funding from, among others, Service Ventures, Libeni and Vinnova, and started a collaboration with Microsoft to reach all the schools that are today digitalizing at an ever-faster rate.

"It is great with both new and existing investors joining this round so that we can speed up our development," says Patrik Nilsson, CEO of Dugga.

The raised capital will speed up expansion

"We have reached a position where customers know about Dugga and are actively reaching out to us. So, now it is important to spread our message to an even greater extent to speed up customer growth," says Claudia Rademaker, CMO at Dugga.

Duggas growth is built upon a flexible and appreciated assessment system, created with the involvement of teachers to suit schools´ requirements and needs.

"Dugga's business is in line with Service Venture's focus on EdTech and a market in transition. Investing in Dugga feels right given the company's extensive competence from the industry, "says Fredrik Severin, CEO of Service Ventures.