CORDET and Creades completed the $44m investment in Instabox.

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.