Sweden's Swedbank Robur Alternative Equity I invests in Instabox

08 Jul '22

2 min read

Pic: Instabox

Swedbank Robur Alternative Equity I, which was launched in the second quarter of 2022 in Sweden, has signed an agreement to invest 100 million SEK in Instabox via a convertible. Instabox is an established fast-growing Swedish technology company with the goal to revolutionise e-commerce shipping through fast, more sustainable, and efficient deliveries.

Instabox delivers more than three million packages per month in Sweden, Norway, Denmark, the Netherlands, and Germany, where the company has recently been launched. Over the past year, the company has also acquired market leaders in same-day deliveries in both Norway and the Netherlands. In addition to founders and staff, the company is owned by, among others, Creades, EQT Ventures, Tham Special Investment, and newly invested Verdane, Swedbank said in a press release.

“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. We see that Instabox has the most advanced solution to continue revolutionising a previously traditional industry; this is emphasised by the company’s high growth and customer influx both in Sweden and internationally” Henrik Lundh, head of alternative investments at Swedbank Robur, said.

“We are very pleased to welcome Swedbank Robur Alternative Equity as a new investor. They share our belief in how we can continue to revolutionise the shipping world with a winning combination of market-leading locker deliveries and home deliveries that optimises flexibility and availability for the customer,” Alexis Priftis, CEO and co-founder of Instabox, said.

Fibre2Fashion News Desk (GK)

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