Drifter World Secures Strategic Funding and Announces New Leadership
Deal News | Dec 16, 2024 | PR Newswire Cision Drifter World
Drifter World, a Swedish company specializing in AI-based parking solutions, has secured a strategic investment of SEK 36 million, led by Imperia Fastigheter. The investment was further supported by Knutsson Holdings and Per-Olof Andersson. This capital infusion is intended to catalyze Drifter World's growth trajectory and facilitate its expansion goals. Concurrently, the company announced a leadership transition, with co-founder Michael Persson stepping down as Chairman while remaining a key shareholder and advisor. Billy Jörgensen, whose expertise lies in commercial law and technology, will take over the Chairman role. This strategic move is poised to reinforce Drifter World's market position and technological development in the parking industry, aimed at both domestic and international markets. Under the leadership of CEO Fredrik Durling, the company plans to capitalize on its collaborations with firms like Tele2 and Easypark, further advancing its innovative solutions for the smart parking industry.
Sectors
- Technology
- Automotive
- Real Estate
Geography
- Sweden – Drifter World is based in Sweden and the investment activities are focused in this region.
- Nordic – The company aims to concentrate on the Nordic market for its growth strategy.
Industry
- Technology – Drifter World operates in the technology sector, specifically focusing on AI-based solutions for parking management.
- Automotive – The company's products cater to parking solutions, a key aspect of the automotive industry.
- Real Estate – Imperia Fastigheter, a real estate company, is the lead investor in this funding round, indicating the involvement of real estate interests in Drifter World's growth.
Financials
- SEK 36 million – The total amount raised in Drifter World's latest funding round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Drifter World | Target | Company | A Swedish company specializing in AI-based parking solutions. |
| Imperia Fastigheter | Lead Investor | Company | A real estate company leading the investment round in Drifter World. |
| Niclas Ericsson | Investor | Person | Owner of Imperia Fastigheter and pivotal in leading the investment round. |
| Knutsson Holdings | Investor | Company | An investor in Drifter World, increasing its stake in the recent funding round. |
| Per-Olof Andersson | Investor | Person | An individual investor who increased his stake in Drifter World. |
| Michael Persson | Former Chairman, Major Shareholder, Advisor | Person | Co-founder of Drifter World, transitioning from Chairman to advisory role. |
| Billy Jörgensen | Chairman | Person | Appointed as the new Chairman of Drifter World, with expertise in law and governance. |
| Fredrik Durling | CEO | Person | CEO of Drifter World, leading the company's strategic and operational initiatives. |
| Tele2 | Partner Company | Company | A partner company of Drifter World, contributing to its smart parking solutions. |
| Axis | Partner Company | Company | A technological partner enhancing Drifter World's product offerings. |
| Monta | Partner Company | Company | Associated with Drifter World in providing smart parking solutions. |
| Easypark | Partner Company | Company | A strategic partner in Drifter World's parking management ecosystem. |