Check out all the on-demand sessions from the Intelligent Security Summit here.

( – Swedish IoT startup H&D Wireless has raised $3 million from Blasieholmen Investment Group and its network of 40 Swedish and European private entrepreneurs and investors. The company says it has the option of bringing in an additional $4 million from the same investors.

The capital will be used for H&D Wireless’ continued global expansion and the launch of its IoT cloud platform that allows cashless payments and location tracking services within a large number of applications.

H&D Wireless was founded in Stockholm Sweden in 2009. The company says it has, to date, shipped more than 1,000,000 Wi-Fi units for smart home and wireless multimedia solutions across the globe.

As part of its expansion plans, the company is considering an IPO on NASDAQ First North in Stockholm during the first half of 2017.


Intelligent Security Summit On-Demand

Learn the critical role of AI & ML in cybersecurity and industry specific case studies. Watch on-demand sessions today.

Watch Here

“We are very happy to raise this new capital from experienced investors who understand our business and see the huge market potential,” said Pär Bergsten, founder and CEO of H&D Wireless. “We now have fuel for our continued global expansion, and especially the launch of our new GEPPS real-time location and cashless payment system. We are excited to be operating in the most exciting internet technology field today, wirelessly connecting customer products with cloud services and mobile apps.”

Subscribe to’s newsletter here.

VentureBeat's mission is to be a digital town square for technical decision-makers to gain knowledge about transformative enterprise technology and transact. Discover our Briefings.