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.
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.”
Pär Lange will take seat on the Netrounds board of directors.
“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.”