Stella Capital and Spiltan Invest back Qvalia in investment round

Henri Taipale, Qvalia, and Alf Thiel Metelius, Stella Capital

Qvalia announces a EUR 4 million investment led by Stella Capital, alongside existing partner Spiltan Invest, to support the accelerating growth of its platform for business transactions.

The investment will be allocated for market expansion and developing Qvalia’s platform, which enables users to exchange electronic business messages like e-invoices and e-orders, automate financial processes, and analyze sales and purchase data.

“There is momentum in the market with the emerging open Peppol network and Qvalia is perfectly positioned to become the global leader with its technology, know-how, and founder-driven culture. Qvalia offers a one-in-a-kind solution, making B2B transactions smarter and more accessible.

Alf Thiel Metelius, Partner at Stella Capital

Publicly launched in 2021, Qvalia’s platform has achieved notable traction with business users across 30 countries to date.

The company’s origins in transaction analysis and recovery audit led to its position as the Nordic market leader, culminating in selling its consulting division to Ryan LLC in 2021. This allowed Qvalia to pivot into a software-as-a-service (SaaS) company.

Qvalia’s vision of how businesses will manage procurement and sales transactions is being realized at an ever-faster pace, and the company’s development has impressed. As a long-term partner, it is a pleasure to welcome Stella Capital.

Håkan Sjunnesson, Investment Manager at Spiltan Invest and Chairman of Qvalia

Henri Taipale, Founder and CEO of Qvalia, comments:

“We are delighted to welcome Stella Capital as new shareholders and appreciate the long-term support given by Spiltan Invest. The investment provides flexibility and enables us to continue executing our plan”.

About Stella

Stella Capital is a leading growth equity firm based in Stockholm, specializing in Nordic technology, SaaS, and e-commerce companies. With a focus on technology-driven growth companies, Stella Capital takes an active ownership role to support companies in achieving their full potential. By providing strategic guidance, capital resources, and industry expertise, Stella Capital enables its portfolio companies to thrive in dynamic markets.

About Spiltan Invest

Spiltan Invest is an investment firm that acquires minority stakes in listed and unlisted Swedish companies. The company owns a portfolio valued at 8,7 billion SEK consisting of companies in tech, finance, real estate, and industry. The listed companies include, among others, Paradox Interactive, KlaraBo, and Technion. The unlisted companies include Flattered, Collaboration Art, P&E Fastigheter, Carbomax, and our subsidiary Spiltan Fonder – one of the largest independent fund management firms in Sweden. Spiltan is listed on NGM PepMarket and traded on Tuesdays.

More information:, +46 73-156 03 12

Qvalia is a platform for businesses to manage, automate, and visualize business transactions. Its customers transform sales and purchase processes with solutions such as automated handling of business messages, B2B e-commerce, and real-time analytics. The company is a certified Peppol access point, certified according to IS0 27001, and a framework agreement provider for the Swedish National Procurement Services Agency, Kammarkollegiet. Qvalia’s office is in Stockholm, Sweden.