# Froda funding: rounds and investors

> Froda has raised $23M across 1 round since 2025. Investors include Incore Invest and European Investment Fund. Every round with its source.

Source: https://millionrounds.com/company/froda (Millionrounds; every figure on the page links to its filing or article)

Sweden · [Series B startup](https://millionrounds.com/companies)

# Who invested in *Froda*

One round we have observed, with the 2 investors named in it. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

B2B Financial Services Fintech Hardware & Electronics

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Funding summary Updated 7 Nov 2026

**$23M** raised across 1 round since 2025, from 3 sources

- **Latest round:** Series B, $23M Apr 2025
- **Led by:** Incore Invest
- **Investors:** 2 (1 led)

See who backed them

## The rounds

- **Apr 2025** Series B **$23M** [Incore Invest](https://millionrounds.com/fund/incore-invest) Lead [European Investment Fund](https://millionrounds.com/fund/european-investment-fund-eif) Reported by Firms' own news pages and 2 others

## Everyone who backed them

[Incore Invest](https://millionrounds.com/fund/incore-invest) Growth equity **1** round, led 1

[European Investment Fund](https://millionrounds.com/fund/european-investment-fund-eif) VC firm **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=froda).

## Quick answers about Froda

### Who invested in Froda?

Froda's investors include Incore Invest and European Investment Fund. Incore Invest led its latest round.

### How much has Froda raised?

Froda has raised $23M across 1 round since 2025.

### When did Froda last raise?

Froda's most recent round was a Series B of $23M in Apr 2025, led by Incore Invest.

### What was Froda's biggest round?

Its most recent round, $23M in Apr 2025, is also its largest on record.

### Who backed Froda first?

Froda's first round on record, in Apr 2025, was backed by Incore Invest and European Investment Fund.

### What stage is Froda at?

Froda's latest named round is a Series B, in Apr 2025.

### Where is Froda based?

Froda is based in Sweden.

### Who led Froda's rounds?

Incore Invest led the Series B in 2025.

## Companies like Froda

In the same sector, and raised in the last eighteen months.

[**TERASi** $13M · Sept 2026](https://millionrounds.com/company/terasi)[**Cloover** $1.3B · Sept 2026](https://millionrounds.com/company/cloover)[**Float** $20M · Jul 2026](https://millionrounds.com/company/float)[**Lassie** $135M · Jun 2026](https://millionrounds.com/company/lassie)[**Galdera Labs** $1.7M · Mar 2026](https://millionrounds.com/company/galdera-labs)[**Bits Technology** $14M · Feb 2026](https://millionrounds.com/company/bits-technology)

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