Monterro has closed its third fund at SEK 2.5 billion – more than twice the value of its previous fund. The firm now manages SEK 4.3 billion, making it the largest investor in the Nordics with a focus on B2B software companies. In total, 30 percent of the managed capital comes from Monterro’s founders and employees.
There was huge demand for the new fund, which was oversubscribed by more than 45 percent. The investors are mostly institutions, and a majority of the external capital (70 percent) comes from foreign investors.
Since it was founded in 2012, Monterro has made ten investments and eight add-on acquisitions in Nordic B2B software companies. The most recent investment was in Linköping-based Nordiska Entreprenadsystem, a fast-growing cloud-based software company serving the construction, maintenance, and contractor industries.
“We’re delighted with the level of interest in our third fund – not least the high proportion of foreign capital,” says Thomas Bill, Managing Partner at Monterro. “It proves there’s real interest in the Nordic software scene among international investors. And it’s testament to the success of Monterro in our mission to turn Nordic software companies into global players.”
“Like our previous two funds, this new fund will focus on Nordic B2B software companies with a turnover between SEK 25 and 250 million. Fast-growing cloud companies see the benefit of partnering with an investor who can bring more to the table than just capital – and we’ve already found several interesting opportunities where Monterro can add value as an investor with operational experience,” Thomas Bill concludes.
Thomas Bill, Founder and Managing Partner, Monterro
+46 8-20 05 56 | firstname.lastname@example.org
Monterro is the leading B2B software investor in the Nordics, with a mission to turn Nordic software companies into market leaders. With operational experience from successfully developing and running companies such as Pointsec, Episerver, and Orc Software, Monterro actively supports its portfolio companies in all aspects of growth. A substantial part of the fund’s capital, 30 percent, comes from Monterro’s founders and employees. Since it was founded in 2012, Monterro has completed ten investments and eight add-on investments.