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inRiver will use new funding to expand RnD

Malmö based inRiver, which specializes in Product Information Management (PIM), has raised an additional €10.5 million. Funding comes from existing investors Verdane Capital, Industrifonden and Zobito as well as from a loan from the EIB fund and the European Fund for Strategic Investments (EFSI). By proving their great market potential and continuously delivering good financial results, inRiver has won access to this latest round of funding. The money will primarily be used to strengthen the company’s research and development unit. More than 900 brands around the world already rely on the inRiver Product Marketing Cloud for efficiently controlling their product information flow. The company currently has 88 employees.