Tech Company Financing Transactions
Pit Funding Round
On 5/7/2026, Pit announced $16 million in funding from Andreessen Horowitz, Lakestar and private investors.
Transaction Overview
Company Name
Announced On
5/7/2026
Transaction Type
Venture Equity
Amount
$16,000,000
Round
Undisclosed
Investors
Andreessen Horowitz (Lead Investor)
Proceeds Purpose
The company intends to use the funds to expand operations and its development efforts.
Company Information
Company Status
Private & Independent
Industry
Enterprise IT
Mailing Address
Luntmakargatan 26
Stockholm, 111 37
Sweden
Stockholm, 111 37
Sweden
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Pit is the AI product team as a service. The platform that learns how your business works, and builds the systems that run it for you. Most enterprise teams still run on manual processes, spreadsheets, inboxes, and approval chains. Not because they want to. Because nothing existed that could replace them. Pit changes that. It automates the operational work that slows companies down, so your people can focus on the work that actually moves the business forward.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Adam Jafer
Co-Founder
Fredrik Hjelm
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We do our best to record all VC transactions involving tech companies. All VC database entries reported here are sourced from news reports and company announcements. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.
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