# Appland

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/appland

- Industry: Internet
- Headquarters: Gothenburg, Sweden
- Website: www.applandinc.com
- Latest round: Seed (Mar 1, 2021)
- Investors on record: 2

## About

Appland AB is a technology company specializing in innovative software solutions designed to enhance operational efficiencies across various industries, including project management and customer relationship management.Founded in 2011, Appland AB operates from Gothenburg, Sweden, focusing on software solutions that streamline business operations. The firm has undergone no major pivots in its strategy and has not been identified as a subsidiary or parent company. Co-founders Dustin Byrne and Sveinn Steinarsson have experience in technology-focused enterprises. Appland raised USD 1.10 mn in a Seed funding round in March 2021, which represents the total amount raised to date.Appland AB specializes in software solutions that cater to diverse industries. Their core offerings encompass platforms that improve project management and customer relationship management (CRM), addressing challenges in resource allocation, team collaboration, and client engagement. Their client base includes small to large enterprises in sectors like technology, healthcare, and retail, with products available across North America, Europe, and parts of Asia.In the most recent year of 2022, Appland AB reported revenue of USD 3,792,602.70 and an EBITDA of USD 785,020.70. The company employs a subscription-based revenue model, facilitating predictable income streams through annual or monthly commitments from clients, and engages in direct transactions while offering support and maintenance services alongside their software.Appland AB is focusing on developing new software solutions aimed at enhancing project management capabilities, with anticipated launches in late 2023. The company is also targeting expansion into the Asian market, particularly in Japan and South Korea, by mid-2024. The recent Seed funding raised in March 2021 will be utilized to support product development and market entry strategies.

## Funding rounds

- Seed, Mar 1, 2021 — Work-Bench, Argon Ventures

## Investors

- Work-Bench — Seed
- Argon Ventures (https://capitalatlas.ai/funds/argon-ventures) — Seed