Stockholm, Sweden – October 10, 2019. Netrounds, the leading provider of software-based active testing, monitoring, and automated troubleshooting solutions for communications service providers and global enterprises, today revealed Fairpoint Capital as being the formerly unnamed co-lead investor in the 2019 Series A investment round.
“Fairpoint Capital is a new technology VC fund with its roots in the technology team behind SEB Venture Capital, thus a new fund with a very long history. The fund was recently launched and we are thrilled to tell the world about our investment in Netrounds together with Swisscom Ventures”, says Ulf Lewander, Investment Director at Fairpoint Capital. “This is an opportunity that fits perfectly with our investment focus, and we are very pleased with the progress the company is making and their rapidly growing sales pipeline.”
Ulf Lewander has also taken a seat on the Netrounds board of directors.
Netrounds currently executes on the Series A funds to expand its global sales operations, strengthen key talent acquisitions and continue solution innovation. As part of these efforts, CEO Mats Nordlund has recently relocated to the United States to expand the executive leadership in the region.
“We are very happy to have a committed and successful investor backing up Netrounds as we continue our exciting journey of global expansion, innovation and growth,” says Mats Nordlund, CEO and co- founder of Netrounds. “Fairpoint Capital adds a complementary network and shares our unwavering conviction as to the strength of our technology and global market potential”.
Netrounds provides a software-based and fully automatable solution for active network testing and monitoring with unmatched measurement capabilities across physical and multi-cloud network environments. Netrounds is easily deployed at any location from the public clouds to campus sites, measuring metrics that matter for customers, from Layer 1 to Layer 7. Netrounds is used by hundreds of network operators, service providers and enterprises worldwide. For further information, please visit www.netrounds.com.
About Fairpoint Capital
Fairpoint Capital is a pure B2B technology investment fund sprung out of SEB Venture Capital. The fund is independent from SEB but the bank remains its anchor investor. Other investors are Nordic institutions with a close relationship to the bank. The fund thus leverages on more than two decades of technology venture capital investments in well over 50 companies. The investment focus is unique technologies and business models that are highly scalable and offer sustainable competitive advantages.
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