Dawn Capital backs Card Reading Startup iZettle In €40 Million Round

Swedish card reading startup iZettle has raised €40 million (£35.2 million) to fund growth, just months after its last funding round and amid increased market competition in Europe.

iZettle announced on Wednesday that it had raised the sum from VC firm Dawn and The Fourth Swedish National Pension Fund, which manages SEK 348 billion (£30.9 billion) of assets. Existing investors also took part in the funding round.

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