Our year in review

Growth &
Responsibility
Report 2025.

Here is a detailed look at how we've continued to build and grow over the past year, how we're taking responsibility for our ESG efforts, and how we're continuously enriching our community.

The Monterro team
€1.7bn+
Fifth generation funds raised
8
New portfolio companies welcomed
2,539
People employed across portfolio on average
26.2%
Total ARR growth on average

Our effort in 2025

Committed partners.
All day. Every day.

Our mission is to take Nordic B2B software companies on a growth journey to become market leaders. We actively work alongside the companies we invest in across strategy, governance, AI, and operational support, often with a focus on international expansion.

We had the pleasure of meeting with thousands of ambitious software entrepreneurs across the Nordics in 2025. The market has entered a new phase: disciplined, focused growth with companies growing slower but running healthier businesses. And a structural shift is underway. AI is redefining how winners are built. Our yearly survey shows that companies that have come further along in AI implementation grow faster and retain customers better. Monterro's dedicated AI team is here to make sure our portfolio companies are among them.

At Monterro, our hands-on approach influences every aspect of what we do. It guides how we support our portfolio companies to become long-lasting and profitable businesses, how we track our environmental, social and governance impact, and how we contribute to the Nordic B2B software community overall.

Some highlights from 2025 include

Launching our fifth generation funds: We were humbled by the tremendous global interest in our newly launched fifth generation funds of €1.7bn+. It lets us do what we enjoy most: supporting promising software companies to scale.
Opening in Finland: We opened our Helsinki office, marking Monterro's presence in all Nordic countries.
Investing in AI: We launched Infuse AI — our dedicated in-house AI team — to help our portfolio companies seize the AI opportunity across their products, development practices, and operations. Because when it comes to AI, moving with intent beats moving with hype.
Expanding M.Fusion: We grew our M.Fusion offering to software entrepreneurs with added competences in Sales & Marketing, Finance, M&A, and AI. Because we know that growing a great software business takes more than capital.
Welcoming new portfolio companies: We welcomed eight new Nordic software companies to our group of portfolio companies: Centuri, Systecon, Projektportalen, Telaris, Planima, Planacy, Weissr and CRM-service, alongside ten add-on acquisitions across Europe.
Engaging our community: We connected with 2,500+ software entrepreneurs at the Nordic Software Tour and Nordic Software Summit, sharing insights, building relationships, and continuing to bring the Nordic B2B software community closer together.
Sharing knowledge: We continued to enrich the software community with hands-on content on software business growth through events, webinars, eBooks, blogs, and newsletters.
ESG and sustainability: As part of our ambition to build long-term, sustainable software companies, we have continued to track our portfolio companies' emissions data, social impact, and governance, and have also set goals for 2026 to further their ambitions.
Growing the Monterro team: We welcomed 16 new colleagues to Monterro, expanding our ability to support the software companies and entrepreneurs we work with every day.

Areas of impact in 2025

Three areas.
One mission.
Let's dive in.

Section 01

Building something greater together

We support our portfolio companies to create profitable and sustainable growth in the AI era. By investing in Nordic B2B software companies and growing them into market leaders, we create value for customers, employees, and shareholders.

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Section 02

Measuring our Environmental, Social, and Governance efforts

Monitoring the impact we, and our portfolio companies, have on people, the planet, and on society. Tracking emissions, promoting diversity, and building responsible governance frameworks across the portfolio.

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Section 03

Enriching our community

Bringing the Nordic B2B software community together and helping it grow. Sharing our expertise across our network so businesses across the Nordics have the support and insight they need to create their own sustainable growth paths.

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