Setterwalls has advised Matsmart in connection with investment round

Setterwalls has advised Matsmart in connection with an MSEK 100 investment round, in which the Axel Johnson-group investment company D-Ax, IKEA and Norrsken stepped in as new shareholders, and existing shareholders, such as Northzone, GP Bullhound, Edastra and Inbox Capital, participated as well.

Matsmart’s business idea is to sell mislabeled, expired and other surplus goods to discount prices and was founded 2013 by Karl Andersson, Erik Södergren and Ulf Skagerström. Matsmart currently has a rolling turnover of just over 200 MSEK.