24SevenOffice Scandinavia AB announced that it has received SEK 110 million in funding from Teknik Innovation Norden Fonder AB, Joh. Berenberg, Gossler & Co. KG, Investment Arm, Seven Canyons Advisors, LLC, Adrigo Asset Management AB, Swedbank Robur AB, and other investors
May 26, 2020
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24SevenOffice Scandinavia AB (publ) (NGM:247) announced that it completed a private placement of 5,000,000 shares at a price of SEK 22 per share for gross proceeds of SEK 110,000,000 on May 27, 2020. The transaction was substantially over-subscribed with large interest from institutional investors in the Nordics, Germany, United Kingdom and United States including, Joh. Berenberg, Gossler & Co. KG, Investment Arm, Seven Canyons Advisors, LLC, Adrigo Small & Midcap L/S, a fund managed by Adrigo Asset Management AB, returning investors Tin Ny Teknik Fund, a fund managed by Teknik Innovation Norden Fonder AB, and Swedbank Robur Ny Teknik, a fund managed by Swedbank Robur AB. Post closing, the number of outstanding shares increased from 55,234,436 to 60,234,436, and the share capital increased by SEK 500,000, from SEK 5,523,433.60 to SEK 6,023,443.60. The transaction has been approved by the board of directors of the company, and is subject to the annual general meeting’s subsequent approval.
24SevenOffice Group AB, formerly 24SevenOffice Scandinavia AB is a Sweden-based company within information technology (IT) services and consulting. The Company offers Web-based enterprise resource planning (ERP) system delivered on cloud computing technology and Software as a service (SaaS). The solution is based on modules and is integrated with over 200 third-party solutions, including banks, debt collection, disposal systems, online trading, production systems, industry solutions, pre-systems, among others. The ERP system enables users to operate within such areas as Customer Relationship Management (CRM), Finance and Accounting, Payroll, Project Management, Time registration, Reporting and Travel expenses. The Companyâs primary customers are small and medium sized companies.
24SevenOffice Scandinavia AB announced that it has received SEK 110 million in funding from Teknik Innovation Norden Fonder AB, Joh. Berenberg, Gossler & Co. KG, Investment Arm, Seven Canyons Advisors, LLC, Adrigo Asset Management AB, Swedbank Robur AB, and other investors
24SEVENOFFICE GROUP AB 
