Industrifonden invests SEK 10m in Garantibil
Industrifonden has invested SEK 10m in Garantibil, a Swedish e-commerce site focusing on used cars.
Bonnier and private investors also took part in the SEK 30m share issue. The fresh capital will be used to finance the site's launch as well as its future expansion, with a primary focus on the Swedish market.
Company
Based in Stockholm and established in 2012, Garantibil is a website allowing users to trade used cars online. The site will be launching in January 2014.
People
Erik Juthberg is the CEO of Garantibil.
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