Valedo Partners IV AB (“Valedo”) has invested in Gung AB (“Gung”), a cloud based software supplier with a proprietary B2B sales platform.
Gung, which was founded in 2015 in Gothenburg, focuses on small and medium-sized wholesalers, brands and B2B-companies in the Nordics. The company has demonstrated strong growth and profitability since its foundation, and today Gung has nearly 150 customers. With the support of Valedo, Gung is planning for an accelerated growth and development phase.
Former owners, board members and key employees have co-invested alongside Valedo in an equity participation program.
Terms and conditions of the transaction are not disclosed.
For further information on Gung, please contact:
Pär Hartung, CEO
+46(0)72 402 62 78
par.hartung@gung.se
About Gung:
Gung offers a cloud based B2B sales platform. The company was founded in 2015 in Gothenburg and has customers such as Silvent, Otto Olsen, Oscar Jacobson, HL Display and Didrikssons. During the financial year 2021/2022, which ends in April 2022, Gung had a turnover of SEK 25 million.
About Valedo:
Valedo is an independent Swedish investment company investing in high-quality small/mid cap companies in the Nordic region. Valedo is focusing on companies with clear growth and development potential where Valedo can actively contribute to and accelerate the companies’ development. Being an active owner and contributing with both capital and industrial experience, Valedo ensures that a company can achieve its full potential.