Wallenstam invests more capital in Convendum.
Convendum, a Stockholm, Sweden-based office space manager, announced in a press release that it secured more capital added in the company.
The amount, which remains undisclosed, was provided by existing investor Wallenstam, thusly increasing its equity ownership to 25%. Wallenstam was also part of a prior $6.2M investement made in October 2018.
Convendum was founded in 2015 by CEO Håkan Jeppsson and manages nine office spaces in Stockholm and one in Gothenburg. The company is yet to be profitable, at a 2017 turnover of SEK 52.7M ($5.8M).