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

Lars Lunde

Partner

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 gained prominence with the launch of Bimsync in 2013, a cloud-based collaboration platform tailored for the construction and infrastructure sectors. Bimsync operates on open standards, facilitating data-driven collaboration among all stakeholders throughout the lifecycle of construction projects. The platform features an intuitive interface, robust visualizations, and effective issue management, ensuring secure digital data management. By simplifying access to construction information, Catenda enables project stakeholders to collaborate effectively, thereby reducing risks, enhancing value, and improving overall project outcomes.

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. is a Switzerland-based company that develops Integra, a cloud-based engineering simulation software designed for asset-centric industries such as oil and gas and offshore wind. Founded in 2011, Akselos enables engineers to create high-resolution simulations of large-scale operational assets through its advanced digital twin technology. The Integra platform allows users to build detailed 3D models, adjust various parameters, perform hydrodynamic analysis, and evaluate the structural integrity of fixed offshore assets and other critical infrastructure. With patented algorithms that enhance simulation speed and accuracy, Akselos aims to support preventative maintenance and reduce unplanned downtime by providing real-time insights into asset conditions. The company operates in various regions, including Europe, the USA, and Southeast Asia, and maintains a subsidiary in Cambridge, Massachusetts.

Curity

Acquisition in 2023
Curity AB specializes in providing unified security solutions for digital services, focusing on identity and access management (IAM) and API security technology. The company offers the Curity Identity Server, which is an OAuth and OpenID Connect server designed to facilitate user authentication and authorization for web and mobile applications. This server is known for its scalability and simplifies the complexities associated with leading identity standards, allowing organizations to customize and deploy security measures efficiently. Curity serves a diverse range of sectors, including financial services, telecommunications, retail, energy, and government, and is recognized for its ability to meet enterprise-grade security requirements. Based in Stockholm, Sweden, Curity has built a reputation as a trusted partner for organizations seeking to enhance the security of their digital services.

Paligo

Venture Round in 2023
Paligo AB is a Swedish company that specializes in cloud-based content management and authoring solutions tailored for the technical documentation sector. Founded in 2014 and headquartered in Solna, with an additional office in Örebro, Paligo offers a comprehensive platform that facilitates global collaboration on technical documentation. The platform includes features such as content filters, an XML editor, publishing tools, translation management, version history, and image management. It emphasizes content reuse to ensure consistency and accuracy while streamlining the documentation process, ultimately enabling technical writers to manage complex documentation more efficiently and reduce time to market.

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 leading developer of virtual waiting room services that manages website and app traffic surges by directing visitors into an online queue. Its SaaS platform is utilized by online ticket vendors, e-commerce companies, educational institutions, and public sector services worldwide to maintain system stability and keep users informed during peak activity periods. By effectively managing high-demand situations, Queue-it ensures fairness for billions of end-users globally, particularly during critical events such as product launches, ticket sales, and shopping holidays. The company operates offices in Denmark, the U.S., and Australia.

Queue-it

Venture Round in 2020
Queue-it is a leading developer of virtual waiting room services that manages website and app traffic surges by directing visitors into an online queue. Its SaaS platform is utilized by online ticket vendors, e-commerce companies, educational institutions, and public sector services worldwide to maintain system stability and keep users informed during peak activity periods. By effectively managing high-demand situations, Queue-it ensures fairness for billions of end-users globally, particularly during critical events such as product launches, ticket sales, and shopping holidays. The company operates offices in Denmark, the U.S., and Australia.

Adform

Private Equity Round in 2019
Adform is an independent ad-tech platform that provides a comprehensive suite of solutions for creativity, data, and trading, serving media agencies, trading desks, brands, and publishers around the world. Founded in Denmark in 2002, the company has grown to become one of the largest private advertising technology firms, employing over 900 people across 18 countries in Europe, North America, and the Asia-Pacific region. Adform's platform is designed to automate the advertising process through a modular and open architecture, allowing for seamless integration with existing technologies in the digital advertising ecosystem. This enables clients to manage their campaigns effectively while maintaining improved control and transparency in their advertising operations.

Omada

Corporate Round in 2018
Omada is a leading provider of identity management and access governance solutions, helping organizations ensure compliance, minimize risks, and enhance operational efficiency. Established in 2000, the company offers a robust platform that enables enterprises to manage identities across diverse IT systems, recognized for its adaptability and business-centric approach. Omada's solutions include integrated workflows for compliance reporting, user provisioning, attestation, re-certification, and IT resource lifecycle management, which collectively streamline the management of employee access rights and reduce user management costs. Operating in North America and Europe, Omada delivers its services both directly and through a network of skilled partners and system integrators, serving clients with complex IT infrastructures and earning a reputation as a trusted advisor in the industry.

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 focuses on improving the management and delivery of services for individuals with hearing loss. By offering data-driven solutions, Auditdata addresses key challenges faced by hearing care providers, particularly those related to workflow inefficiencies and errors stemming from the use of multiple, poorly synchronized systems. The company develops and manufactures a variety of diagnostic instruments and clinic management software products, which include both stand-alone and PC-based audiometers, fitting systems, and accessories. These products are designed to serve hearing aid manufacturers, hospital hearing care clinics, and private practices, enhancing the overall customer experience throughout the audiology customer journey.

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, helping organizations ensure compliance, minimize risks, and enhance operational efficiency. Established in 2000, the company offers a robust platform that enables enterprises to manage identities across diverse IT systems, recognized for its adaptability and business-centric approach. Omada's solutions include integrated workflows for compliance reporting, user provisioning, attestation, re-certification, and IT resource lifecycle management, which collectively streamline the management of employee access rights and reduce user management costs. Operating in North America and Europe, Omada delivers its services both directly and through a network of skilled partners and system integrators, serving clients with complex IT infrastructures and earning a reputation as a trusted advisor in the industry.
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