ELVA11, a fast-growing software and AI developer, has raised €1,8 million ( SEK 20 million) funding, led by Tech Universal Ventures (TUV).
Founded by Jim Roslund, ELVA11 builds software solutions and advanced AI capabilities that help organisations streamline operations and enhance customer experiences.
Headquartered in Malmö and Stockholm, Sweden, ELVA11 promotes a culture that values lifelong learning, creativity, and technical expertise.
The company aims to provide a knowledge-driven environment for system developers, combining consulting, project delivery, and ongoing education to support the growth of both clients and employees.
Further, ELVA11’s combination of consulting, project execution, and educational services creates a platform with natural scalability, capable of adapting to international markets while maintaining technical depth and agility.
According to a spokesperson for TUV:
"Our decision to invest in ELVA11 was based on a strong conviction that they represent the future of intelligent software development."
TUV contends that ELVA11’s commitment to excellence, its strong technical culture, and its ability to execute across both AI and core software services “align with everything we look for in a long-term partner."
According to Jim Roslund, CEO of ELVA11:
“This investment not only validates the hard work and vision of our team but also gives us the resources to scale faster and serve our clients even better.
Securing this level of support in a challenging market speaks volumes about the trust placed in our model, our people, and our potential."
The partnership goes far beyond capital. With TUV’s strategic backing, ELVA11 gains access to international markets, valuable networks, and deep operational expertise. The collaboration aims to accelerate growth, fuel product development, and further position ELVA11 as a leader in transformative software and AI services.
Lead image: Jim Roslund, CEO of ELVA11.
Would you like to write the first comment?
Login to post comments