Sitoo partners with Verdane to accelerate its global expansion

The Swedish SaaS company Sitoo has secured a EUR 26 million investment from Verdane. Sitoo delivers a digital platform for mid-market and enterprise retailers with extensive physical store networks and complex multi-channel operations to global brands such as Levi’s, Skechers, Nudie Jeans, and RAINS. Sitoo has shown rapid growth in the past years, having increased its ARR by 100% in two years to SEK 125 million in 2024.

The investment proceeds and the partnership will be used to accelerate its global expansion plans.

Sitoo was advised by Mannheimer Swartling in this transaction.

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