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QlikTech Raises $12.5 Million in Venture Funding

Swedish-based QlikTech has secured $12.5 million in venture funding to further development of the company's business intelligence software solutions. Investors in the round included Accel Partners and Jerusalem Venture Partners. QlikTech plans to use the funds to expand its international presence.

Founded in Sweden, QlikTech has fully owned subsidiaries in Germany and the United States, including its North American headquarters in Raleigh. The company is focused on technology that provides business performance and intelligence solutions for data analysis. QlikTech currently has 1500 active customers in 43 different countries.

QlikTech is a CED Member.

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"CED membership and sponsorship has given me and our company great visibility, exposure and promoted growth." -Bo Burch, chief principal, Human Capital Solutions, Inc.