Announced
Completed
Financials
Sources
Tags
Private
Single Bidder
Sweden
Cross Border
Private Equity
Friendly
e-commerce shipping platform
E-commerce
Minority
Completed
Acquisition
Synopsis
CORDET, a provider of financial services, and Creades, a Swedish based investment company, completed the $44m investment in Instabox, a Swedish e-commerce shipping company. “Since we started, we have more than tripled our revenue every year. I’m excited to have secured additional funding to boost our growth pace even further. With the new funds, we aim to radically increase the number of parcel lockers in Sweden from 400 to between 2000-3000. In addition, the new equity will enable us to expand our offering to more markets outside of Sweden," Alexis Priftis, Instabox CEO and Co-Founder.
Search a database of more than 250,000 verified dealmakers
Receive automated updates on global transactions
Follow the activity, relationships and transactions of top dealmakers
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.