Standout Capital has invested in Tjekvik and become a majority shareholder in the aftermarket solutions company. The company’s founder and management team will retain a significant shareholding in the company and continue to implement future strategy.
The investment will help Tjekvik to accelerate the development of new solutions and meet demand for its solutions as the company serves over 1,700 dealerships across 34 countries.
Christian Mark, CEO & Co-founder at Tjekvik, said: “We see significant opportunities to continue scaling our operations to further strengthen our position. It is the right time to bring in an active growth partner.
“In Standout Capital we have found a team with complementary skills and vast experience in supporting B2B software companies expand internationally.”
Provided on a subscription basis, Tjekvik’s solutions help workshops streamline workflows to enhance the customer experience. These self-service solutions can increase revenue as dealers present value-add products and services for customers to purchase.
Filip Lidman, investment professional at Standout Capital, added: “We are truly impressed by Tjekvik’s customer value proposition and are pleased to get a chance to partner with Christian and the rest of the highly talented team at Tjekvik.
“The demand for next-generation software solutions in the automotive aftermarket industry is clear, and with its purpose-built technology, we see substantial growth potential for Tjekvik.”
