Summa Equity

Summa Equity AB is a private equity firm established in 2016, specializing in middle market investments and buyouts primarily in Scandinavia. The firm is dedicated to sectors addressing resource scarcity, energy efficiency, changing demographics, and technology-enabled businesses, focusing on companies with strong niche positions that can leverage significant growth potential. With a target investment range of $10 million to $200 million, Summa Equity typically seeks to acquire a majority stake in its portfolio companies. The firm operates in the Nordic region, including Denmark, Finland, Iceland, Norway, and Sweden, and emphasizes the importance of responsible investing while aiming to create substantial financial value. Its thematic investment approach is supported by a team with extensive experience in the relevant markets, fostering the development of companies that meet the evolving needs of society.

Marius Bengston

Principal

Hans Cobben

Principal

Gisle Gluck Evensen

Partner

Matthias Fink

Partner

Martin Gjølme

Partner

Tim He

Partner

Jon Hindar

Principal

Johan Pietilä Holmner

Investment Manager

Reynir Indahl

Managing Partner

Hannah Jacobsen

Investment Manager

Joakim Sundby Johansen

Investment Manager

Benedicte Skjerve Jørgensen

Investment Associate

Jenny Keisu

Partner and Chief Operation Officer

Pekko Kolehmainen

Investment Associate

Mehdi Lahlou

Investment Associate

Silje Lambrechts

Investment Associate

Johannes Lien

Partner

Christian Melby

Chief Investment Officer & Partner

Peder Qvigstad

Investment Associate

Annette Roth

Investment Associate

Anna Ryrberg

Investment Manager

Sercan Samanci

Investment Associate

Sundeep Singh

Investment Manager

Sebastian Greve Sunde

Investment Manager

Rickard El Tarzi

Investment Manager

Tommi Unkuri

Partner

Michael Vollset

Director

Christoph Waer

Partner

24 past transactions

Tibber

Series C in 2022
Tibber is a digital electricity supplier founded in 2016 in Norway and Sweden, focusing on minimizing energy consumption and costs for its customers. The company aims to reduce residential electricity consumption for European households by 20%. Tibber operates in Sweden and Germany, serving over 100,000 homes with renewable energy at fair prices. By replacing traditional utilities with smart technology, Tibber empowers consumers to manage their energy use more effectively. Its mobile app provides real-time analytics on energy consumption and integrates with various smart home devices, promoting efficient electricity usage. Additionally, Tibber offers tech gadgets through its online store and has recently gained a license to balance the main power grid in Sweden using electric vehicles.

ZeroAvia

Series B in 2021
ZeroAvia, Inc. designs zero-emission aircraft specifically for commercial short-haul trips. Founded in 2017 by Val Miftakhov, the company is headquartered in Hollister, California, with an additional office in Cranfield, United Kingdom. ZeroAvia develops a hydrogen fuel cell system that powers electric propulsion, enabling practical zero-emission aviation. The company initially targets a travel range of 500 miles for regional aircraft accommodating 10 to 20 passengers. This innovative approach significantly reduces operational costs, offering four times lower fuel and engine maintenance expenses compared to traditional aviation solutions.

G-CON Manufacturing

Acquisition in 2021
G-CON Manufacturing, Inc. specializes in the design, construction, and installation of biotherapeutic and pharmaceutical facilities, focusing on off-site, prefabricated cleanroom units known as PODs. These autonomous cleanrooms are self-contained systems that support scale-up projects, commercial applications, and facility retrofitting. Founded in 2009 and based in College Station, Texas, G-CON is recognized as a leader in the industry due to its ability to deploy cleanroom infrastructure significantly faster than traditional methods, thus meeting the rapidly evolving needs of pharmaceutical development and manufacturing. The company offers six standard POD models available for quick delivery at fixed prices, as well as customized units tailored to specific project requirements. Each POD is prequalified at G-CON's manufacturing sites in the United States and Ireland, adhering to a rigorous quality management system, making them suitable for various clinically and commercially approved applications. Additionally, G-CON provides comprehensive services, including facility design, engineering, construction, POD maintenance, validation, and compliance support.

Axion BioSystems

Acquisition in 2021
Axion BioSystems, Inc. is a life science instrumentation company based in Atlanta, Georgia, specializing in multi-electrode array technology. This technology facilitates cellular information analysis for various sectors, including research, clinical applications, and drug discovery. The company offers a range of products, such as single-well systems, stimulating and recording channels, multi-well systems, and integrated circuits designed to eliminate stimulation artifacts. Among its key products are microelectrode array plates, the Axion BioSystems Integrated Studio (AxIS), and Lumos. Founded in 2007, Axion BioSystems aims to enhance the accessibility and quality of cellular data for scientific and medical advancements.

myneva Group

Acquisition in 2021
myneva Software focuses on people - that is, your clients / customers - and relieves all actors who are concerned about their well-being and professional support.

ZeroAvia

Venture Round in 2021
ZeroAvia, Inc. designs zero-emission aircraft specifically for commercial short-haul trips. Founded in 2017 by Val Miftakhov, the company is headquartered in Hollister, California, with an additional office in Cranfield, United Kingdom. ZeroAvia develops a hydrogen fuel cell system that powers electric propulsion, enabling practical zero-emission aviation. The company initially targets a travel range of 500 miles for regional aircraft accommodating 10 to 20 passengers. This innovative approach significantly reduces operational costs, offering four times lower fuel and engine maintenance expenses compared to traditional aviation solutions.

Documaster

Venture Round in 2021
Documaster AS specializes in records and document management software solutions for private businesses and public organizations in Norway and internationally. Established in 2010 and headquartered in Oslo, the company provides a range of products, including Documaster for document storage and classification, Documaster API for integration with existing tools, a Decommissioning solution to consolidate legacy systems, and a Digitisation service to convert paper archives into digital formats. Originally spun off from NorseLAB in 2014, Documaster has developed a reputation for its information governance and archiving capabilities, serving over 450 government agencies. The company aims to streamline workflows, reduce costs, and enhance access to valuable records, utilizing advanced technologies such as Natural Language Processing, Machine Learning, and Graph Databases. With additional offices in Alesund, Sofia, Stockholm, London, and Trondheim, Documaster continues to expand its market presence and recruit skilled professionals globally.

ZeroAvia

Series A in 2021
ZeroAvia, Inc. designs zero-emission aircraft specifically for commercial short-haul trips. Founded in 2017 by Val Miftakhov, the company is headquartered in Hollister, California, with an additional office in Cranfield, United Kingdom. ZeroAvia develops a hydrogen fuel cell system that powers electric propulsion, enabling practical zero-emission aviation. The company initially targets a travel range of 500 miles for regional aircraft accommodating 10 to 20 passengers. This innovative approach significantly reduces operational costs, offering four times lower fuel and engine maintenance expenses compared to traditional aviation solutions.

ZeroAvia

Series A in 2020
ZeroAvia, Inc. designs zero-emission aircraft specifically for commercial short-haul trips. Founded in 2017 by Val Miftakhov, the company is headquartered in Hollister, California, with an additional office in Cranfield, United Kingdom. ZeroAvia develops a hydrogen fuel cell system that powers electric propulsion, enabling practical zero-emission aviation. The company initially targets a travel range of 500 miles for regional aircraft accommodating 10 to 20 passengers. This innovative approach significantly reduces operational costs, offering four times lower fuel and engine maintenance expenses compared to traditional aviation solutions.

Sengenics

Acquisition in 2020
Sengenics is a functional proteomics company that leverages its patented KREX™ technology for production of full-length, correctly folded and functional proteins. KREX™ was invented and patented by Professor Jonathan Blackburn whilst he was a member of the faculty at the University of Cambridge. Jonathan is the CSO of Sengenics. The key application of KREX™ is the discovery of autoantibody biomarkers for two core medical use cases. Firstly, stratification of patients undergoing treatment with autoimmune or cancer drugs into responders, non-responders and those that may exhibit severe immune-related adverse events. Secondly, identification of autoantibody biomarkers that may be used to diagnose cancer, autoimmune or neurodegenerative conditions years before conventional diagnostic tests.

Documaster

Venture Round in 2020
Documaster AS specializes in records and document management software solutions for private businesses and public organizations in Norway and internationally. Established in 2010 and headquartered in Oslo, the company provides a range of products, including Documaster for document storage and classification, Documaster API for integration with existing tools, a Decommissioning solution to consolidate legacy systems, and a Digitisation service to convert paper archives into digital formats. Originally spun off from NorseLAB in 2014, Documaster has developed a reputation for its information governance and archiving capabilities, serving over 450 government agencies. The company aims to streamline workflows, reduce costs, and enhance access to valuable records, utilizing advanced technologies such as Natural Language Processing, Machine Learning, and Graph Databases. With additional offices in Alesund, Sofia, Stockholm, London, and Trondheim, Documaster continues to expand its market presence and recruit skilled professionals globally.

EcoOnline

Private Equity Round in 2020
EcoOnline AS is a market leader in Chemical Documentation Management software in the Nordics.

Documaster

Venture Round in 2019
Documaster AS specializes in records and document management software solutions for private businesses and public organizations in Norway and internationally. Established in 2010 and headquartered in Oslo, the company provides a range of products, including Documaster for document storage and classification, Documaster API for integration with existing tools, a Decommissioning solution to consolidate legacy systems, and a Digitisation service to convert paper archives into digital formats. Originally spun off from NorseLAB in 2014, Documaster has developed a reputation for its information governance and archiving capabilities, serving over 450 government agencies. The company aims to streamline workflows, reduce costs, and enhance access to valuable records, utilizing advanced technologies such as Natural Language Processing, Machine Learning, and Graph Databases. With additional offices in Alesund, Sofia, Stockholm, London, and Trondheim, Documaster continues to expand its market presence and recruit skilled professionals globally.

Olink

Acquisition in 2019
Olink is a privately held company that develops ground-breaking technologies for biomolecular analysis.

Metry AB

Venture Round in 2019
Metry AB, founded in 2012 and based in Gothenburg, Sweden, specializes in energy management solutions. The company has developed a platform that collects and aggregates energy data from over 100 utility sources, including electricity, heat, cooling, gas, and water. Metry assists energy consumers, such as large corporations and various businesses, in identifying potential energy savings within their facilities. Its offerings include tools and services that facilitate the analysis and management of energy consumption, providing access to hourly data from more than 150,000 meters. The platform supports integration with Building Energy Management Systems and other third-party applications through a web-based API, enabling efficient energy data utilization for improved sustainability and cost savings.

Lakers Holding

Acquisition in 2018
Lakers Group AS is a water pump service company based in Oslo, Norway, specializing in the maintenance, service, development, and technical consulting of pumps, pumping stations, and electrical motors. Founded in 2016, the company caters to private, municipal, and commercial clients across the country, focusing on sectors such as construction, infrastructure, industry, and building services. Lakers Group is characterized by its commitment to environmental issues and water management, combining entrepreneurial spirit with structured professionalism to enhance customer satisfaction and service quality. Additionally, the company offers a range of pumping products for its diverse clientele.

HyTest

Acquisition in 2018
HyTest Ltd. is a Finnish biotechnology company that specializes in the manufacture of monoclonal antibodies and antigens for the diagnostic industry. Established in 1994 and based in Turku, the company offers a diverse range of products that cater to various clinical areas, including cardiac markers, infectious diseases, metabolic syndrome, and veterinary diagnostics. HyTest is committed to providing high-quality immunological reagents, contributing to advancements in medical diagnostics.

Norsk Gjenvinning

Acquisition in 2017
Norsk Gjenvinning operates as a recycling company. Norsk Gjenvinning offers a wide range of sustainable waste management and recycling solutions, working with businesses, industry and local authorities across the country.

Milarex

Acquisition in 2017
Milarex began operating in 2016 and currently produces around 5,500 tons of smoked salmon products a year. These are made mainly from salmon from Norway, where the business will establish a new head office. Milarex has been profitable since beginning its operations and expects revenues of €100m for 2017.

EcoOnline

Private Equity Round in 2017
EcoOnline AS is a market leader in Chemical Documentation Management software in the Nordics.

EcoOnline

Acquisition in 2017
EcoOnline AS is a market leader in Chemical Documentation Management software in the Nordics.

Pagero

Acquisition in 2017
One connection – global reach We believe business should be easy. That’s why we are building the world’s largest, open business network. With our cloud-based network, you can reach any business, anywhere in the world – no matter how many borders your operations may cross. We take care of the technical and regulatory requirements across your entire order-to-cash, purchase-to-pay and freight processes, to give you data accuracy and security, transparency and real-time visibility. All this through a single connection.

Lin Education

Acquisition in 2017
Lin Education is a Swedish Education Technology company founded in 2007 as distributor of IT hardware (i.e. computers, laptops, tablets) to Swedish schools. The Company has since also expanded into segments for digital content, training and supplementary services for a digital learning environment.

Sortera

Acquisition in 2016
SORTERA is the environmental company which through its 3 business areas (Recycling, Industry and Trading) is the leading and most specialized player in construction / waste disposal in Sweden.