JCE Group
Högåsplatsen 3, Göteborg, Vastra Gotaland, 412 56, Sweden
Overview
JCE Group AB, or the “JCE Group”, is a privately owned international and diversified investment company headquartered in Gothenburg, Sweden. As we believe in a decentralised organisation and local decision making, the JCE Group head office consists of a small team of only about 15 people. The JCE Group’s investment portfolio is divided into Equity Investment and Asset Management. Equity investments includes all unlisted companies and venture investments and Asset Management includes all public traded companies and securities. For unlisted core holdings, our ambition is to be the largest shareholder in the company (normally >50%) and to be able to exercise active ownership. Our investment horizon is undefined as we do not invest external capital, forcing us to exit within a specific time frame. Financial investments include various investments such as shares (both listed and unlisted), bonds, investment funds, alternative investments, etc. Financial investments are mainly short-term, or otherwise regarded as non-strategic. Its main purpose is to serve as a liquidity buffer and to provide risk reduction through diversification. The JCE Group does not usually exercise active ownership with regards to financial investments. The management team is made up of people with mainly financial and legal backgrounds, but also with significant operational experience. The team’s combined experience includes former employment in well-known and respected companies such as AB Volvo, Accenture, Bure AB, Capgemini Consulting, Arthur D. Little etc. Furthermore, the team has own hands-on experience from both a wide variety of capital market transactions (such as acquisitions, divestments, IPOs and private placements) and from more operational issues (such as controlling, new business start-ups and the operating and reporting structures of large blue chip companies). Together, our combined experience gives us a good idea of how a successful company shall be managed, and allows us a broader perspective on investment opportunities and portfolio companies than just excel spreadsheets and powerpoint presentations.
- Total investments
- 3
- Lead investments
- 0
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Impact Investing
- Industrial Manufacturing
- Information Technology
- Professional Services
Investment portfolio
- Telness
Participated · Series A · Jun 2022
Telness provides a cloud-based, digital end-to-end telecom platform and PBX designed to replace legacy telco infrastructure and reduce operational cost. The platform serves well over 15,000 business customers in Sweden and is integrated with three large telecom customers, two of which have already launched Telness cloud PBX across their platforms. Founded in 2016 by Martina Klingvall, the company aims to raise the bar for customer service and industry innovation. Telness plans to expand into new European markets, starting with the Netherlands and the UK, and to grow its team with strategic hires. The company recently secured new funding to support this European expansion and team investment. Telness offers a purpose-built, cloud-based technology platform and a cloud PBX service aimed at small and medium-sized businesses. Its Telness Technologies product is a digital end-to-end solution designed to free telcos from legacy infrastructure, cost and complexity. The company says the platform will enable incumbent telcos to deliver new services and compete with challenger brands. Telness intends to use the new funding to launch Telness Technologies. Founded in 2016 by former Telenor executive Martina Klingvall, the company now has over 10,000 business customers in Sweden. To date the business has raised a total of €6.5M.
- Telness Tech
Participated · Series A · Jun 2022
Telness Tech develops software that automates user interface design for telecommunications companies. The company launched in Sweden in 2017 and has secured clients in both the US and Europe. It has signed multi-year contracts with its first two US clients and registered a US company in December as it accelerates international expansion. Management was restructured with founders Martina Klingvall named CEO and Jonas Cedenwing becoming COO to scale operations. Telness projects 200M SEK in annual recurring revenue and says its growth pace has been extraordinary. The €5M funding is intended to support rapid scaling as the company enters new markets. Telness Tech builds customer-centric cloud solutions for players in the telecoms sector to digitize services, simplify operations, and reduce costs. The company is part of Nordic Communications Group, which also owns Telness the operator. Telness Tech delivers telecoms services to over 15,000 business customers in Sweden. It was founded in 2021 by telecoms executive-turned-entrepreneur Martina Klingvall and is based in Stockholm. The company plans to use new funding to expand to new markets, starting with the Netherlands and the UK. The holding company has now raised a total of €15m following the latest tranche.
Team
No current team members are available.