Swedbank Robur Invests $9.5 Million in E-Commerce Shipping Company Instabox
07 July 2022 - 6:21PM
Dow Jones News
By Dominic Chopping
STOCKHOLM--Swedbank AB's fund management subsidiary Swedbank
Robur on Thursday said that it has agreed to invest 100 million
Swedish kronor ($9.5 million) in e-commerce shipping company
Instabox.
"With the investment in Instabox, we support an internationally
expanding Swedish technology company that is driving more
efficient, faster and sustainable deliveries, thanks to a strong
concept," Henrik Lundh, head of alternative investments at Swedbank
Robur, said.
Instabox delivers more than three million packages a month in
Sweden, Norway, Denmark, the Netherlands and Germany. In addition
to its founders and staff, Instabox's owners include Creades AB,
EQT Ventures, Tham Special Investment and newly invested Verdane
Capital Advisors, among others.
Write to Dominic Chopping at dominic.chopping@wsj.com
(END) Dow Jones Newswires
July 07, 2022 04:06 ET (08:06 GMT)
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