STOCKHOLM -- Satsafe MLS, which develops mobile location services using location-tracking technology and wireless transmissions, said it raised $9 million in its fourth round of funding. The financing was organized by H&Q Technology. New investors Banco Fonder, Catella, Core Ventures, and Novestra were joined by previous investors Arkwright Capital and other groups in the round. H&Q Technology's Bjorn Norrbon will join Satsafe's board of directors. The company will use the funds for marketing, expansion, and research and development. Satsafe MLS AB raised a total of $2.3 million in its three previous funding rounds. http://www.satsafe.se/
