Xensam, the Sweden-based software asset management business, has just raised $40 million from Expedition Growth Capital after being bootstrapped for eight years.
The investment is a massive win for the company, which plans to invest the money into AI development and expand its operations in the US and Europe.
Xensam was founded by the brothers Gustav (CTO) and Oskar (CEO) Fösker. They create simplified, intuitive, and user-centric tools to manage SaaS and in-house software for companies.
According to the CEO, Xensam reports a 126% Y-o-Y growth and has demonstrated how user-centric, innovative, and scalable technology delivers an exceptional customer experience.
