GRO Capital

GRO Capital is a private equity firm based in Copenhagen, Denmark, founded in 2014. The firm specializes in providing capital and expertise to mature technology companies that have growth ambitions. GRO Capital focuses on mid-sized business-to-business software companies operating in various sectors, including telematics, Medtech, internet of things, business intelligence and analytics, and fintech. The firm aims to invest in companies with strong management, leading market positions, and high growth potential. Through active ownership, GRO Capital seeks to develop and expand the businesses in which it invests, targeting opportunities across Northern Europe.

Oda Hartmann Bjørndalen

Analyst, Investments

Lars Dybkjær

Managing Partner

Peter Sommer Fabricius

Vice President, Investments

Ruhne Fiala

Partner, Head of Operations

Peter Bagge Grimstrup

Vice President, Operations

Hedvig Ulrichsen Helseth

Junior Analyst, Investments

Ellen Christine Højlund

Junior Analyst, Operations

Jens Kjølbye

Vice President, Operations

Frederik Knudsen

Associate, Investments

Joakim Lassen

Associate, Investments

Mia Malene Loft

Junior Analyst, Operations

Ragnhild Machholm

Analyst, Investments

Johan Olsson

Director, Investments

Johan Olsson

Director, Investments

Felix Perner

Associate, Investments

Maxwell Veyhe

Partner, Investments

Maxwell Veyhe

Partner, Investments

Anders Zakta

Analyst, Investments

21 past transactions

Catenda

Acquisition in 2024
Catenda AS is a software company founded in 2009 as a spinoff from SINTEF. It launched its flagship product, Bimsync, in 2013, a cloud-based collaboration platform specifically designed for the construction and infrastructure sectors. Bimsync facilitates data-driven collaboration among all stakeholders throughout the lifecycle of construction projects by adhering to open standards. The platform features an intuitive interface, robust visualizations, and effective issue management, which enhance the accessibility of construction information. By streamlining collaboration, Catenda aims to help constructors manage projects more efficiently, reduce risks, and enhance overall project value.

Tacton Systems

Private Equity Round in 2023
Tacton Systems is a developer of SaaS-based smart commerce software that specializes in the manufacturing sector. The company offers a configure-price-quote (CPQ) solution that integrates sales engineers and operations, enabling manufacturers to effectively manage complex sales and product configuration challenges. Tacton's software is designed to be adaptable, allowing for customization based on individual customer needs while incorporating standard components. It features built-in design automation and 3D visualization, facilitating seamless connections to CRM, ERP, and PLM systems. This integration empowers global companies in industries such as automotive and pharmaceuticals to accurately meet customer demands while enhancing operational efficiency and profitability.

Akselos

Venture Round in 2023
Akselos S.A., founded in 2011 and based in Lausanne, Switzerland, specializes in advanced engineering simulation software, specifically its Integra platform. This cloud-based solution allows engineering firms to create high-resolution digital twins of large-scale operational assets, enabling detailed analysis of structural integrity and hydrodynamic performance. Akselos's technology is particularly beneficial for asset-centric industries such as upstream oil and gas and offshore wind, where real-time monitoring and predictive maintenance are critical. The platform's patented algorithms provide simulations that are significantly faster than traditional methods, allowing for efficient design and management of critical infrastructure. Akselos also operates a subsidiary in Cambridge, Massachusetts, and maintains a representative office in Vietnam, underscoring its global presence in providing innovative simulation solutions.

Curity

Acquisition in 2023
Curity AB is a prominent provider of identity and access management solutions, specializing in unified security for digital services. Based in Stockholm, Sweden, the company offers the Curity Identity Server, an advanced OAuth and OpenID Connect server designed to facilitate secure user authentication and authorization for web and mobile applications. This highly scalable platform simplifies the implementation of leading identity standards, allowing organizations in various sectors—including financial services, telecommunications, retail, energy, and government—to efficiently manage access to their digital services. By focusing on configuration rather than code, Curity enables its clients to avoid lengthy development cycles and reduce maintenance costs, thereby enhancing security without compromising on user experience.

Paligo

Venture Round in 2023
Paligo AB is a company that specializes in cloud-based content management and authoring solutions for the technical documentation market. Founded in 2014 and based in Solna, Sweden, with an additional office in Örebro, Paligo offers a comprehensive platform that simplifies the creation and management of technical documentation. Its solution includes various features such as content filters, an XML editor, publishing tools, translation management, version control, image management, and integration with other tools. This platform facilitates global collaboration among technical writers, allowing for content reuse that enhances consistency and accuracy while significantly reducing the time required to bring documentation to market. Paligo aims to empower technical writers to effectively manage complex documentation projects.

Netigate

Acquisition in 2022
Netigate is a technology company based in Stockholm, Sweden, that specializes in cloud-based services for online surveys. Founded in 2005, the company focuses on gathering insights related to customer feedback, employee performance, and market research. Netigate's platform enables organizations to collect and analyze data, allowing them to make informed business decisions and enhance their processes. Their services cater to a diverse clientele, ranging from small businesses to large global enterprises across various industries. By promoting the voices of customers and employees, Netigate helps clients prioritize their efforts based on unfiltered feedback, ultimately driving strategic actions.

Promon

Venture Round in 2021
Promon AS is a cybersecurity company based in Oslo, Norway, that specializes in developing and selling security software for businesses that handle sensitive information. Founded in 2006, Promon provides a suite of application security solutions designed to protect online services and software applications from security threats. Its products are aimed at online service providers, covering areas such as online banking, e-commerce, and enterprise resource planning systems. Promon's security technology extends beyond the application itself, proactively detecting and blocking potential threats to prevent data tampering and leakage. Through its integrated service protection and application protection offerings, Promon ensures the integrity and confidentiality of sensitive information for its clients.

Luxion

Acquisition in 2021
Luxion is a technology company specializing in advanced 3D rendering and lighting solutions. It develops software that enables users to create photorealistic visualizations and detailed representations of 3D models, enhancing the product design process. Among its notable offerings are KeyShot and the Velux Daylighting Visualizer, which allow clients to prepare materials and textures prior to production. Luxion's platform facilitates the accurate calculation of light scattering in complex 3D environments, providing mission-critical value to its customers by digitizing and streamlining product design workflows.

iPoint-systems

Private Equity Round in 2020
iPoint-systems gmbh is a software and consulting company specializing in environmental and social product compliance, sustainability, and process compliance. Established in 2001 and headquartered in Reutlingen, Germany, the company provides solutions that automate and secure the exchange of information throughout the product lifecycle, encompassing design, manufacturing, use, and end-of-life processes. iPoint's software enables businesses to manage, track, analyze, and report vital data across the value chain, addressing compliance with regulations such as REACH, RoHS, WEEE, and Conflict Minerals. The company serves a diverse clientele, including both large enterprises and small businesses in sectors such as automotive, electronics, aerospace, mechanical engineering, textiles, and shipbuilding. Additionally, iPoint-systems offers support, maintenance, consulting, and vocational training services globally, and maintains strategic partnerships to enhance its service offerings.

Queue-it

Acquisition in 2020
Queue-it is a prominent developer of virtual waiting room services that address traffic surges on websites and applications by directing visitors to an online queue. This robust software-as-a-service (SaaS) platform is tailored for online ticket vendors, e-commerce businesses, educational institutions, and public sector services, enabling them to maintain system functionality and keep users informed during critical periods of high demand. By utilizing Queue-it, organizations ensure fairness and efficient traffic management during significant events such as product launches and major sales days, benefiting billions of users worldwide. The company operates offices in Denmark, the United States, and Australia.

Queue-it

Venture Round in 2020
Queue-it is a prominent developer of virtual waiting room services that address traffic surges on websites and applications by directing visitors to an online queue. This robust software-as-a-service (SaaS) platform is tailored for online ticket vendors, e-commerce businesses, educational institutions, and public sector services, enabling them to maintain system functionality and keep users informed during critical periods of high demand. By utilizing Queue-it, organizations ensure fairness and efficient traffic management during significant events such as product launches and major sales days, benefiting billions of users worldwide. The company operates offices in Denmark, the United States, and Australia.

Adform

Private Equity Round in 2019
Adform is an independent full-stack advertising technology platform founded in Denmark in 2002. It provides a comprehensive suite of solutions that integrate creativity, data, and trading, serving media agencies, trading desks, brands, and publishers worldwide. The platform is designed to automate the advertising process with scalable, modular, and open architecture, allowing for seamless management of the entire campaign life cycle. This enables clients to achieve enhanced control and transparency in their advertising operations. With a workforce of over 900 employees, Adform has established a global presence with offices in 18 countries across Europe, North America, and the Asia-Pacific region, making it one of the largest private advertising technology companies in the world.

Omada

Corporate Round in 2018
Omada is a leading provider of identity management and access governance solutions, established in 2000. The company specializes in helping organizations enhance compliance, minimize risk, and improve operational efficiency through its adaptable and business-centric approach. Omada's offerings enable enterprises to manage identities across diverse IT systems effectively. Their solutions include integrated workflows for compliance reporting, attestation, user provisioning, and IT resource lifecycle management, which streamline the administration of employee access rights and control compliance while reducing user management costs. With operations in North America and Europe, Omada delivers its products directly and through a network of skilled partners and system integrators, serving clients with some of the most complex IT infrastructures globally. The company is recognized as a trusted advisor in its field, earning accolades for its advanced solutions.

Tacton Systems

Series A in 2017
Tacton Systems is a developer of SaaS-based smart commerce software that specializes in the manufacturing sector. The company offers a configure-price-quote (CPQ) solution that integrates sales engineers and operations, enabling manufacturers to effectively manage complex sales and product configuration challenges. Tacton's software is designed to be adaptable, allowing for customization based on individual customer needs while incorporating standard components. It features built-in design automation and 3D visualization, facilitating seamless connections to CRM, ERP, and PLM systems. This integration empowers global companies in industries such as automotive and pharmaceuticals to accurately meet customer demands while enhancing operational efficiency and profitability.

Tacton Systems

Acquisition in 2017
Tacton Systems is a developer of SaaS-based smart commerce software that specializes in the manufacturing sector. The company offers a configure-price-quote (CPQ) solution that integrates sales engineers and operations, enabling manufacturers to effectively manage complex sales and product configuration challenges. Tacton's software is designed to be adaptable, allowing for customization based on individual customer needs while incorporating standard components. It features built-in design automation and 3D visualization, facilitating seamless connections to CRM, ERP, and PLM systems. This integration empowers global companies in industries such as automotive and pharmaceuticals to accurately meet customer demands while enhancing operational efficiency and profitability.

Targit

Acquisition in 2017
TARGIT is a software company specializing in business intelligence and analytics solutions. Their flagship product, TARGIT Decision Suite, is designed to empower all business users with actionable insights, facilitating better and faster decision-making across entire organizations. The company's approach combines patented technology, proven methodologies, and dedicated employees and partners to deliver comprehensive data integration and visualization tools. This includes visual data discovery, self-service analytics, reporting, and dashboards, enabling businesses to seamlessly integrate data from various sources and produce insightful reports. TARGIT's focus on strong customer and partner relationships underscores their commitment to helping organizations worldwide perform at their best.

Auditdata

Venture Round in 2016
Auditdata is a company that specializes in transforming the management and provision of services for individuals with hearing loss. It develops diagnostic instruments and clinic management software designed to enhance the audiology customer journey. By addressing workflow inefficiencies and minimizing errors associated with disparate systems, Auditdata's solutions ensure improved data synchronization across various touchpoints. Its product offerings include both stand-alone and PC-based audiometers, fitting systems, and accessories, catering to the needs of hearing aid manufacturers, hospital hearing care clinics, and private practices. Through these innovations, Auditdata aims to streamline operations in the hearing care sector and enhance the overall experience for both providers and patients.

Boyum IT

Venture Round in 2016
Boyum IT Solutions A/S, established in 1997 and headquartered in Brabrand, Denmark, specializes in providing IT consultancy and implementation services, primarily focused on SAP business software. The company caters to small and medium-sized enterprises across various industries, including aerospace, automotive, and food and beverage, offering services such as ERP accounting support, usability enhancements, and cloud platform management. Boyum IT's expertise lies in developing and implementing SAP solutions tailored to clients' needs, enabling them to improve productivity and drive business growth.

Trackunit

Acquisition in 2015
Trackunit is a provider of SaaS-based IoT solutions and machine insights specifically designed for the global construction equipment industry. Based in Denmark, the company specializes in fleet management systems that utilize telematics to gather and analyze extensive machine data in real-time. By delivering actionable, proactive, and predictive information, Trackunit empowers its clients with data-driven insights that enhance operational efficiency. The company is committed to transforming the construction ecosystem by connecting various stakeholders and challenging traditional practices within the industry.

Trifork Holding

Venture Round in 2015
Trifork Holding is a prominent provider of high-quality custom-built applications and end-to-end solutions, specializing in various industries including education, finance, healthcare, manufacturing, and telecommunications. The company employs a lean approach to support all phases of the project life-cycle, from idea creation and development to ongoing maintenance and support. Trifork aims to empower its clients by offering expert advice on optimizing critical IT systems and integrating cutting-edge technologies, ensuring immediate value for their businesses. Additionally, Trifork has experience in assisting early-stage startups and scale-ups, helping them enhance their product offerings to secure successful funding rounds and achieve significant exits. Through its innovative software development and commitment to adapting to new technologies, Trifork is dedicated to pushing the boundaries of what is possible in the tech landscape.

Omada

Omada is a leading provider of identity management and access governance solutions, established in 2000. The company specializes in helping organizations enhance compliance, minimize risk, and improve operational efficiency through its adaptable and business-centric approach. Omada's offerings enable enterprises to manage identities across diverse IT systems effectively. Their solutions include integrated workflows for compliance reporting, attestation, user provisioning, and IT resource lifecycle management, which streamline the administration of employee access rights and control compliance while reducing user management costs. With operations in North America and Europe, Omada delivers its products directly and through a network of skilled partners and system integrators, serving clients with some of the most complex IT infrastructures globally. The company is recognized as a trusted advisor in its field, earning accolades for its advanced solutions.
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