Nordic Secondary Fund has acquired shares in GoMore for €2M, in a co-investment with Baloise, a large leading insurance company from Switzerland. Nordic Secondary Fund I P/S has been an investor in GoMore since 2020 and has followed the company's excellent development closely for a long time.
GoMore rests on a peer-to-peer car rental and private car leasing with a lease-and-rent-out model and has around 7,000 lease cars rented out with more than 3.3 million members and growth in all its markets: Denmark, Sweden, Finland, Spain, Austria, and Switzerland. At the end of August, overall growth in the top line was 48% YOY, primarily driven by leasing with a growth of 128%.
Together with the GoMore investment, there are now 13 companies in the Nordic Secondary Fund’s portfolio, and the fund is maintaining a weighted average discount of +25% compared to the last funding rounds.
Further information:Peter Sandberg
Nordic Secondary Fundpeter@n2f.vc