Readly, a Swedish online reading magazine platform, has raised 10 million euros ($12 million) in additional funding.

The latest round of funding comes from new investor Swedish fund Swedbank Robur and London based Zouk Capital.

The company will use the funds to further its international expansion and support growth in its existing markets.

Recently, Readly added Switzerland to its local markets of Sweden, UK, Germany and Austria and expansion to other markets is underway.