December 1, 2020
CONFIDENTUS advised e-commerce group Verkter on attracting investment from BaltCap Growth Fund. The investment aims to bolster Verkter‘s IT development and further international expansion from current key markets in the Baltics and Scandinavia.
Verkter is a fast growing e-commerce group, selling do-it-yourself and gardening tools, accessories, and aftermarket parts, operating in 11 markets. In Lithuania the Group operates under the name irankiai.lt“. The subsidiaries are: Verkter Sverige AB, Verkter Suomi Oy, Verkter Eesti Ou, Verkter Latvia SIA, Verkter Norge AS, Verkter Danmark ApS.
Founder Kęstutis Daukševičius remains the majority shareholder and CEO of the company.
The investment of „BaltCap“ comes at an exciting time for Verkter as in 2020 we are recording our biggest growth year yet. We are ready to take our business to the next level and welcome BaltCap as a strategic partner and shareholder,” says Kęstutis Daukševičius, founder and CEO of Verkter.
„Beyond international expansion, the investment allows us to continue investing in the development of IT and customer support systems to provide seamless customer experience, which Verkter‘s reputation is built on,“ Daukševicius added.