Monterro is a hands-on growth investor.

We turn Nordic software companies into global players.

Group 5

What we do and don’t do

Monterro invests in and develops software companies. That’s it. We’re proud of our niche focus: what we don’t do is just as important as what we do.

01.

We invest in software.

We don’t plan to diversify.

02.

We come from operations.

We are not bankers.

03.

We invest our own money.

We don’t only rely on others’ capital.

Learn more about how – and why – we do it.

Our approach Our manifesto

Success story

Finding Palette’s true colours

At Monterro, we’ve had some great success stories supporting Nordic software companies to grow and expand. Let’s explore our journey with one particular portfolio pioneer: Palette Software.

Learn more

Success story

Lime Technologies

Learn more

Our companies

Monterro targets software companies in the Nordic region.


Latest News

Danish TimeXtender joins forces with Monterro to accelerate growth
“TimeXtender serves a clear and growing market need with a strong product-market fit”, says Martin Henricson, MD at Monterro. “The increasing amount of data and data sources make it crucial for companies worldwide to be able to collect, manage and analyse their data in an easier way. We really look forward to supporting them on their growth journey.”
Read full press release
Pythagoras accelerates with Monterro
Monterro has acquired shares in, and added expansion capital to, software company Pythagoras. Pythagoras offers an innovative cloud platform for property, real estate, and facility management. With investment from Monterro, Pythagoras can accelerate its growth journey.
Read full press release
Nordic B2B Software Growth Benchmark Report
Monterro has launched the Nordic B2B Software Growth Benchmark survey, sharing insights and experiences on growth in the Nordic B2B software community. Get the 2022 report and learn what the growth champions (companies with +40% growth) do differently, benchmark yourself against Nordic peers on key metrics, and understand the region’s challenges (and how to overcome them).
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Scandinavian Software Park ranked as Top 3 IT places in Vietnam to work at
Monterro opened Scandinavian Software Park a year ago to support its portfolio companies establishing software development in Vietnam. The Park has now been ranked as one of Top 3 IT places in Vietnam to work at, by ITviec, the largest tech-focused job portal in Vietnam. The survey is based on 16,000+ reviews submitted by IT people.
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Moment and Millnet are merging
“With Millnet we become Scandinavia's largest supplier in our field. Millnet has good products, a fantastic organization, and happy customers. Just like Moment. We are now on an exciting journey and will continue to do acquisitions. We have managed 50% growth these last 5 years, and with acquisitions like these we will accelerate the strong growth”, says Eivind Bøhn, CEO in Moment.
Read full press release
Monterro divests and re-invests in the business together with Stena Sessan
“We’re really proud of the growth that Matilda FoodTech has accomplished during our journey together,” says Gustav Lagercrantz, CEO of Monterro and Chairman of the Board of Matilda FoodTech. "They have had a tremendous growth and we’re happy to continue our partnership and support Matilda on the journey ahead, together with Stena Sessan.”
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Monterro announces the first and final close of Monterro 4 at €700m
Monterro 4 takes assets under management to over €1.1 bn, making it the largest Private Equity tech fund in the Nordics. There was unprecedented demand from existing investors with a 100% re-up rate from institutional LPs, as well as capital from 15 new prestigious institutional investors, including renowned fund of funds and top ranked US and British endowments.
Read full press release
Outpost24 acquires Specops
The acquisition adds user security assessment for enhanced attack vector mitigation. “Remote and hybrid working models are here to stay, ensuring user security, both in and out of the office, should be a top priority for any organization – this is why the acquisition of Specops is timely” Karl Thedéen, CEO of Outpost24.
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Moment acquired by Monterro and expands abroad.
“Monterro stood out from the rest of the investors”, says Eivind Bøhn, CEO of Moment. “They don’t just offer their capital, but also their expertise. Monterro has extensive knowledge of the software industry—and adds valuable competence. We feel confident in our choice and that our partnership will push us forward and support our growth.”
Read full press release
Want to sell your software business? Top tips for a proper preparation
Selling your software business is a big step – but it doesn’t have to be a painful one. By fully preparing your business before you take the plunge, you can avoid the obstacles most founders encounter on the way.
Read more

Nordic Software Summit 25 Aug

It’s back – and it’s bigger & better than before.

We’ve got the capital, the entrepreneurs, the talent and the tech. And we’re bringing them all together – at the Nordic Software Summit. It’s a unique event for B2B software executives and founders.

Fully booked – register for waitlist here


“We're happy to have Monterro as a partner in our growth journey. We get their operational experience, strategic expertise, and great support in add-on acquisitions. We’re also part of a valuable network, where we can share our experiences.”
Gunilla Åberg, CEO, Next One Technology
”They offer both the capital and competence we need to become the global market leader.”
- Johan Blomdahl, CEO, TimeEdit
“Partnering with Monterro has been one of our company’s best decisions, ever. With access to both know-how and financial support, we’ve doubled staff numbers and tripled revenue in just 20 months. Without Monterro, we wouldn’t have seen this growth.” Anders Jacobson, Founder, Next One Technology
”The experienced team at Monterro has the domain expertise that can help us grow. We're really happy to have found them.”
- Kim Sneum Madsen, CEO, Umbraco
"Facing a double challenge of merging two market leading competitors and growing in the Nordic markets, Monterro's guidance and belief in our business has been essential" Anna Hällström, CFO, Matilda FoodTech
“In addition to invaluable help in add-on acquisitions, Monterro has provided us with great support in operational areas like customer experience, product strategy, and recruitment.”Erik Bergseth, CEO, Matilda FoodTech
"Through this partnership, we are leveraging on Monterro’s experience in building successful software companies that will improve our offer to our customers."
Mats Klaar, CEO, Viedoc
“We are excited to have Monterro as a majority investor, and their operational experience will help to further accelerate the strong growth we are experiencing.”
Marcus Kaber, CEO, Specops Software
“Monterro understands and has excellent knowledge of what is required to scale a software company” Mats Lillienberg, CEO, Lumera
Dan Sjöholm
“Our partnership with Monterro will help us expand faster and invest in a stronger product platform for our customers. Monterro has a rock-solid track record in supporting the kind of growth journey we’re aiming for.”
Dan Sjöholm, CEO, Trapets
”We’re happy to have found a reputed investor that’s recognised for business development and international expansion. Monterro specialises in software companies like ours. Thanks to the partnership, we get invaluable strategic expertise and capital.”
- Tor Laukvik, co-founder and COO, Bliksund

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