Odevo, strengthens investor base by welcoming CVC funds as a new strategic partner alongside Fidelio
Summary
Odevo, a tech-enabled residential property management company with leading positions in Europe and USA, today announces that CVC funds (CVC) have agreed to join the group of investors led by Swedish firm Fidelio and its existing management team. Adding CVCs experience and global relationships will strengthen the companys international growth strategy and ongoing drive to innovate its service offering for homeowners.Odevo has built an organisation which, supported by a bespoke tech-platform, helps residential property owners manage all aspects of their building, ranging from accounting, administration, invoicing and on-site services to renovations. The company was founded in Sweden in 2018 by the investment firm Fidelio and the current management team. By welcoming CVC to the group of investors, Odevo takes yet another step on its international growth journey.For most people, the home is their greatest investment and our services are designed to simplify everyday life for those people, a responsibility we take seriously. Fidelio has been a true partner to us and we look forward to continuing our collaboration, now also welcoming CVC with their global network and vast experience of supporting growing businesses like ours, says Daniel Larsson, CEO, Odevo.