The Engelbrektsgatan Group Announces Minority Investment in Onoterat AB
CEO Adam Lewis to Join The Board of Directors Advisory Committee
STOCKHOLM, Feb. 6, 2019 /PRNewswire-PRWeb/ -- The Engelbrektsgatan Group (EGLLC) today announced it has entered into an agreement for a significant minority investment in ONOTERAT AB, a public Swedish investment company focused on supporting growth-oriented businesses across targeted industries, including Fintech, Gaming, and e-Commerce. In connection with the investment, Adam Lewis, CEO and Founder of EGLLC, will join Onoterat's Board of Directors Advisory Committee.
"We are excited to be a shareholder in Onoterat AB, an investment leader in hi-growth early and growth-stage Swedish companies, with impressive returns since their portfolio origination," said Mr. Lewis. "Onoterat's local commerce focus on businesses engaged in increasing consumer buying behaviour and changing the way businesses attract customers using modern mobile technology, is a core focus for us. We look forward to working closely with Onoterat's Board and management team as they pursue their strategic growth objectives."
"The reputation, strategic insights and operational acumen of Adam and his team will be a welcome addition to our company," said Onoterat CEO Lars-Erik Bratt. "Adam will join a talented and dedicated Board, and brings a valuable perspective as we continue to scale our investment business and portfolio."
About EGLLC:
The Engelbrektsgatan Group is a private Delaware-registered company, which focuses on on early-stage investments in AI, IoT, Fintech, and related technologies.
SOURCE The Engelbrektsgatan Group LLC
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