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Funnel stock
Funnel provides a marketing data platform that collects, organizes, and feeds data into analytics tools and data warehouses, giving companies a clearer basis for marketing performance analysis and decision making.
Funnel share price
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Note: Share price is from each company's latest known share issue. The change compares it with the previous issue and does not account for splits or differing share classes.
Funnel new issues and valuations
| Date | Type | Share price | Valuation The company's valuation after the funding round was completed (Post-money). | Amount The specific amount raised in this funding round. |
|---|---|---|---|---|
| Q2 2024 | Share issuance | 4 SEK | SEK 2,135,825,472 | Locked |
| Q4 2021 | Share issuance | 6.04 SEK | SEK 3,122,628,575 | Locked |
| Q1 2020 | Share issuance | 2.7 SEK | SEK 1,137,915,594 | Locked |
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Note: Information on Funnel's funding rounds, amounts, and valuation is sourced from news media and public sources unless otherwise stated. Information on capital structure is sourced from public company registers unless otherwise stated.
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Funnel provides a marketing data platform that collects, organizes, and feeds data into analytics tools and data warehouses, giving companies a clearer basis for marketing performance analysis and decision making.
About Funnel Operations
Funnel is a Swedish software company founded in 2014 in Stockholm that develops a marketing data platform for digital advertisers, brands and agencies. The platform is designed to help marketing and analytics teams collect, structure and use data from a large number of advertising, analytics and e commerce systems. Customers operate across sectors such as retail, consumer goods, digital services and media, and are active in Europe, North America and other key markets.
Funnel’s platform automatically pulls marketing data from many different sources, harmonizes metrics and dimensions and makes the data available for reporting and analysis in the tools that customers already use, such as business intelligence platforms, spreadsheets and cloud data warehouses. The objective is to reduce manual data collection and file handling, provide a consistent data foundation and give decision makers more time for analysis and optimization.
Funnel Business Model
Funnel operates a subscription based Software as a Service business model. Customers pay recurring license fees for access to the platform, with pricing that typically reflects data volumes, number of data sources, feature packages and user types. This model means that revenue scales with customer usage and the strategic importance of marketing data within each organization. Contracts are usually ongoing subscriptions with monthly or annual billing cycles.
In addition to the core software platform, Funnel offers onboarding, support and solution consulting. These services aim to secure a smooth implementation, shorten time to value and ensure that customers adopt best practices for data modeling and reporting. Revenue is largely recurring and contract based, while non recurring revenue from implementation and one off projects plays a more limited role. This revenue mix supports planning, long term relationship building and continued investment in the product.
Growth and Development
Since its inception Funnel has grown from a local startup into an international company with offices in multiple regions and a customer base that includes both global brands and fast growing digital businesses. Growth has been driven by the structural shift toward digital marketing, the rising number of advertising and analytics platforms and the increasing demand for measurable marketing performance. As organizations scale their digital investments, the complexity of their data landscape grows, which supports demand for specialized tools like Funnel.
The company invests continuously in product development to broaden and deepen its offering. Beyond core data integration and reporting, Funnel has expanded into more advanced measurement capabilities, including tools for attribution and marketing mix modeling. These capabilities allow customers to move from descriptive reporting to more analytical and predictive use cases, which can increase the platform’s strategic relevance and the share of wallet over time. Product development is focused on reliability, scalability and features that help customers translate data into operational decisions.
Market and Competition
Funnel addresses the global market for marketing data management, analytics and reporting. The market is characterized by a large and growing number of advertising, social media, search, retail media and analytics platforms, which creates fragmentation for marketing teams. At the same time, organizations face higher expectations on accountability, return on marketing investment and the ability to reallocate budgets quickly. These trends support the need for centralized, reliable and timely marketing data.
Competition includes specialized marketing data platforms, broader data integration and ETL tools and in house solutions built on general purpose cloud and analytics technologies. Many organizations still rely on spreadsheets and manual exports, which can be sufficient at smaller scale but often become a constraint as data volumes and channel complexity increase. Funnel positions itself as a focused solution for marketing teams, combining pre built integrations, a marketing aware data model and strong connectivity to common analytics and visualization tools.
Technology and Differentiation
From a technology perspective, Funnel is delivered as a cloud based platform designed to handle large and growing data volumes. The system includes a wide catalogue of connectors to advertising, social media and analytics platforms, functionality for transforming and mapping data and options to export data into destinations such as data warehouses, BI tools and spreadsheets. The platform is built to provide a single, consistent source of marketing data that can support both day to day reporting and longer term analysis.
Funnel’s differentiation is based on its focus on marketing use cases, its breadth of integrations and a user experience that is accessible to marketing and analytics professionals without deep engineering resources. By offering a managed data pipeline from source systems to reporting tools, Funnel reduces the operational burden on internal teams and lowers the dependency on bespoke scripts and manual processes. Ongoing investments in more advanced measurement and modeling capabilities aim to strengthen the platform’s role as a central hub for marketing data and insight generation.
Ownership and Capital Structure
Funnel is a privately held company with ownership shared between founders, employees and external investors. Over time the company has raised growth capital to support international expansion, continued product development and the build out of commercial organizations in key markets. This funding has enabled a strategy centered on recurring subscription revenue, customer retention and scalable operations.
In preparation for a potential future public listing, key areas of focus include growth in recurring revenue, a path toward sustainable profitability and disciplined capital allocation. The company is working to further develop governance, reporting and internal controls that meet the expectations of institutional investors. A resilient operating model with predictable revenue, diversified customer relationships and prudent risk management is central to Funnels long term positioning toward the capital markets.
Note: Information on Funnel is sourced from official channels and public sources unless otherwise stated.
Major Shareholders in Funnel
| Owner | Share |
|---|---|
| BNP PARIBAS SA LONDON, W8IMY | 17.47 % |
| Oxx AB | 13.07 % |
| BROWN BROTHERS HARRIMAN/LUX, W8IMY WPR | 11.09 % |
| Stiftelsen Industrifonden | 9.07 % |
| Fredrik Skantze | 5.39 % |
Source: Eivora (4/10/2026) · Information on Funnel's ownership structure is sourced from public company registers and external data providers unless otherwise stated.
Funnel key figures
| Key figures (SEK) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Income statement | |||
| Net sales | 535,376,000 | 421,633,000 | 298,442,000 |
| Operating result (EBIT) | – | – | – |
| EBITDA | -138,053,000 | -246,395,000 | -245,589,000 |
| Net profit for the year | -292,128,000 | -341,382,000 | -324,970,000 |
| Balance sheet | |||
| Total assets | 662,843,000 | 570,197,000 | 667,143,000 |
| Cash and bank | – | – | – |
| Current liabilities | 374,649,000 | 314,748,000 | 262,948,000 |
| Ratios | |||
| EBITDA margin | -25.8 % | -58.4 % | -82.3 % |
| Equity ratio | -40.3 % | -10.2 % | 40.5 % |
| Employees | 320 | 341 | 296 |
Figures come from the company's filed annual reports.
Funnel documents
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FAQ
Funnel has raised a total of SEK 1.3 billion in capital, according to our records. The amount raised in each funding round is shown once you create an account.
In its latest share issue, in June 2024, Funnel was valued at SEK 2.14 billion post-money. The price was SEK 4 per share.
The largest shareholders in Funnel are BNP PARIBAS SA LONDON, W8IMY (17.47 %), Oxx AB (13.07 %), and BROWN BROTHERS HARRIMAN/LUX, W8IMY WPR (11.09 %). The figures come from Eivora and were last updated in April 2026.
In 2024, Funnel had revenue of SEK 535 million. It reported a loss of SEK 292 million for the year.
The CEO of Funnel is Fredrik Skantze. The board is chaired by Mikael Johnsson.
Funnel is an unlisted company, meaning the shares are not traded on any exchange. Instead, transactions take place through direct transfers between parties, known as secondary trading, typically via a specialised platform for unlisted shares such as Accumeo. For larger international companies, investing through fund structures that pool several investors into a single ownership vehicle is also common. This allows smaller minimum investments and opens up access to international companies for non-institutional investors.
Yes, it is possible to buy existing shares in Funnel through secondary trading. On Accumeo you create a free account, submit an expression of interest with an amount and any conditions, and may then be matched with a seller. Once both parties have signed the customer agreement, a share transfer agreement is drawn up covering price, share count, and settlement date.
Yes, secondary trading is often the only realistic route to liquidity for an unlisted holding before an IPO or acquisition. Via Accumeo you submit an expression of interest with a share count and target price, and a match may be made with a potential buyer. The sale is executed through a share transfer agreement and registered either via Euroclear or directly in the company's share register, depending on how ownership is administered.
Unlisted companies have no continuous share price because there is no continuous exchange trading. The value is instead based on the latest secondary-market trade or on the price per share from the most recent share issuance. Accumeo shows both historical transaction prices and current bid/ask quotes, providing a combined reference point for pricing.
The value of an unlisted share is most often based on the latest trade — the price buyer and seller agreed in a transaction — or on the latest funding round, where the company and its investors agreed a price for the newly issued shares. These are the reference points shown on Accumeo's platform. It is, however, important to form your own view of value by examining the company's prospects. Financial reports, growth opportunities, market position, and comparable transactions in the sector all help to build a better picture of how the business may develop. Useful information can be found on the company's own website, via Accumeo's platform, and on services like allabolag.se.
No, Funnel is an unlisted company and its shares are not traded on the Stockholm Stock Exchange, NYSE, or any other regulated marketplace. Shares are instead traded through secondary trading between investors, typically via a specialised platform such as Accumeo.
Yes. Shares in Funnel can be delivered to an ordinary securities account with a broker such as Avanza or Nordnet, and are registered as the transaction completes.
We hold no registered transfer restrictions for Funnel. The articles of association are what decide this, so read them before placing an order — restrictions can be added without showing up in public sources.
Disclaimer: The information in this FAQ is provided for informational purposes only and does not constitute an offer to buy or sell securities, a solicitation of such an offer, or investment advice. Accumeo has no commercial relationship with the companies whose securities are mentioned. Independent advice should be obtained before making any investment decision.
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