Nordic Secondary Fund acquires a stake in Cleveron

18 September 2023

Nordic Secondary Fund (N2F), founded in 2019, has done a €3,5M secondary deal in Estonia acquiring a stake in Cleveron. Cleveron is a global Tier 1 innovation leader in creating robotics-based parcel terminals and developing last-mile click-and-collect pickup solutions for rental and logistics sectors.

The company is headquartered in Tallinn and has its production in Viljandi, and has approx. 180 employees. Cleveron has a global setup, with support and maintenance over most of Europe, the USA, several parts of Asia, and some places in Africa.

Cleveron has a total of 7,234 terminals and 865,044 parcel doors worldwide.

Nordic Secondary Fund is making this investment from their 2nd fund, a €90 Mio fund established in April 2022, following their 1st fund, a € 50Mio from September 2019, so in total N2F has raised more than €140 Mio from 300 private investors/entrepreneurs and Family Offices in the Nordic/Baltic region.

This Cleveron deal is deal number 38, which Nordic Secondary Fund has done, since December 2019, and the 5th in Estonia, more will follow in the near future.

Nordic Secondary Fund has 4 successful exits – Klarna (S), Actimo (DK), MapsPeople(DK), and Bokio(S), and the current portfolio includes companies like; Varjo, BobW, Kilo.Health, Go-More, Funderbeam, Unacast, Fastspeed, Pixieray, TransferGo, Mintos, Norlase, Fiizy, Eurora and CathVision.

Additional information:

Nordic Secondary Fund –
Cleveron –

Peter Sandberg
Founding Partner
Mob +45 60164835

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