# Atlar

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

- Industry: Software
- Headquarters: Stockholm, Sweden
- Website: www.atlar.com
- Total disclosed funding: $5.2M
- Latest round: Seed (Nov 8, 2022)
- Investors on record: 3

## About

Based in Stockholm, Sweden, and founded in 2022 by its CEO Joel Nordström and co-founders Johannes Elgh, and Joel Wägmark. Atlar AB operates as a fintech company that enables businesses to automate all of their payment activities. In November 2022, Atlar AB raised EUR 5 million in seed funding led by Index Ventures, with participation from Cocoa VC and La Famiglia. As of November 2022, the company has a team of 10 employees focusing on the Nordics, Germany, Austria, and Switzerland.

Atlar AB offers a payment operations platform and automation API to monitor returns and refunds, initiate and track the status of direct debits, initiate transfers, reconcile transactions, build payment workflow automation that suits business needs, and provide access to data across banking partners and geographies. The company's client base includes Tilta, Mynt, Lassie, Banxware, and Gigapay.

The company intends to use the seed funding to grow its team to 20 by the end of the year and expand its business reach to European countries.

## Funding rounds

- Seed, Nov 8, 2022, $5.2M — Index Ventures, La Famiglia, Cocoa VC

## Investors

- Index Ventures (https://capitalatlas.ai/funds/index-ventures) — Seed
- La Famiglia (https://capitalatlas.ai/funds/la-famiglia) — Seed
- Cocoa VC (https://capitalatlas.ai/funds/cocoa-vc) — Seed