Jacob Jensen Design adds Kaare Danielsen as investor in the company.

Denmark Investments 11 May 2018
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Jacob Jensen Design, a Copenhagen, Denmark-based design company, announced adding a capital investment from Danish angel investor Kaare Danielsen.

The deal was made for about 20% stake in the company, while other financial details of the transaction remain undisclosed.

Jacob Jensen Design, founded in 1958 by the Danish industrial design icon Jacob Jensen, is known for work behind classics like the Margrethe bowl and a wide range of designs for Bang & Olufsen. The company is not profitable, as in 2016, Jacob Jensen Design recorded losses of DKK 23M and in 2017 it lost DKK 3.5M.