An institutional investor buys a total of 200,000 shares of Upsales. The acquisition has been made possible by Upsales' CEO and founder Daniel Wikberg selling the equivalent of approximately 1 percent of the company. After the transaction, Daniel Wikberg will hold approximately 49 percent of the company's shares and votes.

"It is very gratifying to see continued strong interest in Upsales from professional investors" says Daniel Wikberg, CEO & founder.