Carable written off after running out of money

16 May 2017
Last year, Vostok New Ventures waxed lyrical about an investment it had made in the used-car start-up Carable, called Garantibil in Sweden. The investment was made in Q2 last year. Not a big investment. Just SEK 10 million ($1.2 million U.S.). Less than one year later, it seems as if the money has been blown.

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Lars Herlin

Lars Herlin is an AIM Group senior analyst for Europe, and our expert on Schibsted. He had a long career in journalism at Expressen, Svenska Dagbladet and VeckansAffärer, and served as managing editor and later managing director of Gotlands Allehanda.