Hansoft has raised $8.4 million in its very first round of investment led by Stockholm venture capital firm Spotify Creandum. Eucalyptus Systems chief Marten Mickos also participated in the financing. Until now, the firm has been fully self-funded, according to TechCrunch.

The Swedish company provides team collaboration and product development and management tools using "Agile software development." This is a term used to refer to a cluster of software development methods that enables quicker development, improvement, and shipping of code, the report explained.

Hansoft mostly supports video games, console games, and studios. The firm's clients include companies that make software, related hardware products, and cloud services for the telecom, electronics, defense, aerospace, and game development industries.

Launched in 2005, Hansoft's 35-man team is based is Sweden. The company employs 2 workers in its office in San Francisco. The firm will use the new capital to expand its US office and recruit a Chief Growth Officer. Hansoft's Sweden team will focus on development while its San Francisco team will beef up its sales, TechCrunch reported.