inRiver has conducted a private placement of approximately USD 32 million (approximately SEK 285 million) led by Lugard Road Capital, a leading global investment firm, and with participation from existing shareholders, including Verdane, Industrifonden, Zobito and RoosGruppen. The proceeds will be used to support the rapid growth planned to meet accelerated customer demand, continued product development and further global expansion of inRiver. Setterwalls has acted as legal advisor to inRiver in connection with the transaction.
inRiver is a Software as a Service (SaaS) company and the market leader in product information management (PIM). inRiver’s software is a solution to strengthen companies' processes around marketing and sales. The software offers comprehensive support to simplify and streamline the flow, handling, processing and distribution of product information for companies that market and sell their products in one or more markets through one or more sales channels. inRiver is headquartered in Malmö, Sweden.