How much did Pit raise?

Pit raised $16M at Seed, announced 7 May 2026.

Fredrik Hjelm is Co-Founder of Pit.

FundedStartupsDaily / Enterprise Software / Pit

Pit raises $16M

Q: What does Pit do?

Pit operates in Enterprise Software and is based in Sweden.

Pit announced a Seed round of $16M on 7 May 2026. The company operates in Enterprise Software and is based in Sweden. It was founded by Fredrik Hjelm, Co-Founder.

Raised

$16M

Stage

Seed

Industry

Enterprise Software

Country

Sweden

Founder

Fredrik Hjelm

Co-Founder, Pit

LinkedIn profile pit.com

Outreach angles

-Hjelm is still serving as CEO of European scooter giant Voi while co-founding Pit alongside fellow Voi alumni Adam Jafer, Filip Lindvall, and others.
-Pit is launching AI product team as a service, learning how businesses run before generating custom software to automate processes.
-The $16M seed led by a16z brings Lakestar and executives from OpenAI, Anthropic, Google, Deel, and Revolut into the cap table.