Gorilla Fund I portfolio company AutoVex has been acquired by Schibsted!
Schibsted has today entered into binding agreements to acquire 79% of AutoVex.
“AutoVex’s mission is to create the most effective way to buy and sell used cars online, whilst providing the best possible user experience for both consumers and car dealers. Schibsted and AutoVex share a vision for next generation marketplaces and by combining forces, we’re able to further accelerate our growth and market position.” says Sebastian Frick, Founder of AutoVex.
Schibsted has several leading brands in the Motor vertical across the Nordics, including FINN, Nettbil, Carweb and Honk in Norway, Bilbasen and DBA in Denmark and Blocket and Bytbil in Sweden. 🚘
Read more from Schibsted’s press release: https://schibsted.com/news/schibsted-acquires-finlands-leading-used-car-c2b-auction-marketplace-autovex/