Adnavem announced raising strategic investment from Volvo Group Venture Capital.

Adnavem, a Gothenburg, Sweden-based operator of an online marketplace for container freight, announced getting into an investment agreement for adding Volvo Group as investors in the company.

The deal, which has the financial details undisclosed, was made via Volvo's venture arm, Volvo Group Venture Capital. Proceeds will be used by the company to enter new markets and continue to develop the marketplace with new services and offerings.

Adnavem, founded in 2017 by CEO Andreas Wramsmyr, Mattias Sundström, Linda Gårdlöv and Rolf Kjällgren,  offers unbundled door-to-door transport with a present focus on Asia and Northern Europe. The company operates a platform that streamlines and simplifies cooperation between parties in a global transportation chain, and is disrupting the transport and logistics industry with an unbundled service offer where transport buyers can choose the service providers for each part of the logistics chain themselves.

Adnavem previously raised more than $5 million, last round in the summer of 2020, backed by the American venture investor Runa Capital, and Swedish Spintop Ventures.