Sportway to raise SEK 14 million from Geltis et al

United Kingdom Sweden Investments 19 January 2021
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Sportway, a Stockholm, Sweden-based company buuilding a business from doing live sports events streaming, announced that it completed a SEK 14M ($1.7M) capital investment raise.

The money was secured from local investors from Sweden, including Geltis and angel Tony Johansson as well as the UK-based investor Aidan Cooney.

Sportway, founded in 2014 by CEO Daniel Franck, developed a media channel focusing on major youth sports events from Sweden. The company is losing money, and made a turnover of about SEK 10M ($1.2M) in 2020.