Established in Örebro, Option One invests in companies with scalable business models that have the potential to grow in the international market. Recently, the Swedish company has expanded its holding in Gothenburg-based tech company Jiroy AB. Jiroy is getting ready to launch a B2C marketplace that will collect all sales, bargains, and promotional items in one place. Accordingly, it is expected to change Swedish trade and online shopping rituals. This may create new job opportunities.
“We identified Jiroy and the team early and before the planned launch, we now choose to take a larger position in the company. Jiroy excelled with their entrepreneurial spirit that permeates the entire business. In addition, they develop a service that we believe will affect how many people shop. online, we want to be part of that journey! “- Vidar Brudvik, CEO Option One AB
Option One expands its holding in Jiroy
Option One AB (“Option One”) announces today that the company has expanded its holding in the existing portfolio company Jiroy AB (“Jiroy”). Through the transaction, Jiroy will not receive any cash as the transaction consisted of the purchase of existing shares.
For two years, Jiroy has been in a phase permeated by intensive product development. In 2022, the service will be launched to the market and will thereafter forever change Swedish trade and the consumer’s way of shopping online. With the launch, Jiroy enters the next phase and at the same time creates about 20 new jobs for the region, where the new employees will help the company in its efforts to become the obvious destination for Swedish trade.
“We have created a new ecosystem for trade where everyone benefits from working together in a more efficient way. We are now looking forward to the Sweden launch that is planned for Q2. Recruitment has been intensified and commercials are produced together with some of Sweden’s best creators and production companies, which we will present in more detail in connection with the launch. Things would have taken much longer if we did not have shareholders like Option One who support us on our journey. “- Jimi Tadi, VD Jiroy AB