# Elastisys

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

- Industry: Software
- Headquarters: Umea, Sweden
- Website: www.elastisys.com
- Total disclosed funding: $0.7M
- Latest round: Seed (Feb 22, 2017)
- Investors on record: 3

## About

Elastisys AB, based in Sweden, specializes in cloud-native security solutions, focusing on delivering managed services and consulting for secure application environments.Founded in 2011 in Umea, Sweden, Elastisys AB focuses on cloud-native security solutions. The company was co-founded by Erik Elmroth and Johan Tordsson, and its operations have been centered on providing comprehensive security for critical applications. In September 2023, the company raised SEK 30 million in a funding round led by Spintop Ventures, with participation from Fort Knox Förvaring, Northern Light Capital, and PartnerInvest, bringing its total capital raised to SEK 30 million.Elastisys specializes in cloud-native security solutions, providing a range of services through its core product, Welkin. This application platform is designed to support critical software, integrating security and compliance features necessary for sectors like healthcare and national security. Welkin can operate in diverse environments, including on-premises systems, allowing clients to retain control while meeting regulatory standards. The company serves a varied clientele across Europe, emphasizing security and compliance in digital services.In 2023, Elastisys AB reported a revenue of SEK 3,813,589.90 with an EBITDA of SEK -360,724.40, reflecting the financial dynamics of their operations and service model.With the recent funding of SEK 30 million secured in September 2023, Elastisys AB plans to utilize these resources for expansion efforts, which may include the development of new products and entering new geographic markets. Specific details regarding upcoming product launches have not been disclosed yet, but the company aims to enhance its market presence and service offerings in response to growing demand.

## Funding rounds

- Seed, Feb 22, 2017, $0.7M — ALMI Invest, PartnerInvest, Northern Light Capital

## Investors

- ALMI Invest — Seed
- PartnerInvest (https://capitalatlas.ai/funds/partnerinvest) — Seed
- Northern Light Capital (https://capitalatlas.ai/funds/northern-light-capital) — Seed