Swedish company Pagero has raised €10 million from the Norwegian private equity company Total.

Pagero digitizes orders and billing for companies with cloud-based software. The company had sales of €15 million last year, according to CEO Bengt Nilsson, and has 190 employees. It has offices in eleven European cities and in Dubai.

The company says it will use the funding to expand in Europe and North America, and to expand its workforce to 250 employees.

"Our goal is to become the first choice in the market and enable companies worldwide to streamline their business processes with accurate data and a 100 percent digital flow of business documents," said Nilsson in a written comment.

Read more: Di Digital (Swedish)

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