byWiT is now expanding its ownership in Proxify, the Swedish tech company connecting talented developers with growing companies by building virtual development teams. The funds will primary be used to accelerate Proxify’s global expansion. 

Proxify has since the launch of the company connected developers from 70 countries with clients in 28 markets. During the first six months of 2022, the company’s turnover has grown by more than 250 percent, while maintaining profitability. 

– Distributed services is one of byWiT’s most exciting investment areas. Proxify has already proven to be best in the class within recruiting and quality assurance of its developers and computer scientists. We are incredibly proud to be an even larger part of Proxify’s exciting journey, says Ulf Söderström, co-founder and CEO of byWiT.