Adnavem secured $1.1M in capital investment.

Adnavem, a Gothenburg, Sweden-based company developing a marketplace for logistics operations, announced completing a SEK 10M ($1.1M) capital investment.

The money was provided by new and existing investors, and will be used to further expand sales in the Nordic region and to prepare further expansion in Europe and Asia.

Adnavem, founded in 2017 and led by CEO Andreas Wramsmyr, developed an online marketplace that connects transport buyers and transport sellers.