Livingbridge invests in Efficio

Following the transaction, Livingbridge will support Efficio's growth by focusing on three key areas: the further expansion of the company's long term managed services line; building out its online procurement platform; and furthering its international expansion.

Previous funding
Efficio first received funding in June 2001, according to unquote" data, when it raised $1m of seed funding from Corven Ventures alongside two private investors.

Company
Established in August 2000, Efficio specialises in procurement, working with clients to boost their purchasing power. It works with a broad range of companies, from SMEs to multinationals, providing consulting, tailored technology solutions and ongoing procurement services.

The company generates revenues of £30m. Headquartered in London, the business employs 250 people based in offices in Denmark, France, Germany, Switzerland and the US.

People
Efficio – Jens Pedersen (CEO).
Livingbridge – Liz Jones (partner).

Advisers
Equity – Catalyst Corporate Finance (Corporate finance).
Company – DC Advisory (Corporate finance).

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• Topics
• Expansion
• UK / Ireland
• Support services
• Living Bridge