Monterro

Monterro, established in 2012 and headquartered in Stockholm, Sweden, is a private equity firm specializing in investments within the Nordic region's B2B software sector. The company provides growth capital and active support to software businesses, leveraging its team's extensive experience in founding, managing, and developing such companies. Monterro focuses on early-stage and growth expansion opportunities, targeting investments in software, SaaS, and related technology sectors across Denmark, Finland, Iceland, Norway, Sweden, and the Faroe Islands.

Thomas Bill

Founder and Managing Partner

Krister Skoog

CEO and Partner

Lars Sveder

Co-Founder, Managing Director and Chief Investment Officer

Erik Syrén

Managing Director, Operations Lead

25 past transactions

Centuri

Acquisition in 2025
Centuri offer management systems and helps businesses keep track of documents, agreements, routines, instructions, and more.

ag analytics

Acquisition in 2024
AG Analytics is a Danish AI platform that specializes in automating and personalizing aftersales customer interactions specifically for the automotive industry. The company has developed a comprehensive aftersales automation platform aimed at enhancing customer engagement for dealerships and workshops. Its offerings include automated outreach, reminders, and follow-ups, along with integrated sales and marketing tools. By streamlining these processes, AG Analytics enables automotive businesses to improve customer experience while saving time and resources.

PLAYipp

Acquisition in 2023
Playipp is a cloud-based digital signage platform designed for communication teams seeking to enhance internal and external communication. It offers a user-friendly interface that simplifies content creation and management, enabling organizations to efficiently publish dynamic and engaging messages across various digital screens. With features such as drag-and-drop editing, smart scheduling, and a comprehensive template library, users can create customized content without requiring technical expertise. The platform supports seamless integration with tools like Microsoft Teams and Google Workspace, facilitating automated content publishing. Playipp also prioritizes security, incorporating encrypted communication and role-based access control to protect sensitive information. Additionally, it provides built-in analytics for tracking engagement and optimizing communication strategies. Catering to diverse sectors—including public services, healthcare, manufacturing, and finance—Playipp empowers organizations to maintain consistent messaging and improve information retention, all while supporting multilingual content management for varied audiences. Its commitment to customer support includes free, unlimited assistance and dedicated onboarding, ensuring that communication teams can maximize their impact effectively.

Uniwise

Acquisition in 2023
UNIwise is a company focused on enhancing the examination and assessment processes in educational institutions through its digital platform, WISEflow. The platform allows educators to create and manage interactive tests and tailor digital examinations to meet the diverse needs of students. With features such as automated distribution and auto-validation, WISEflow streamlines the delivery and administration of assessments, making the evaluation process more efficient. UNIwise's team has extensive experience and a strong connection to the education sector, which enables them to understand and address the complexities of academic and administrative processes effectively.

Caspeco Air AB

Acquisition in 2023
Caspeco Air offers solutions on the mobile from booking, ordering & payment to scheduling.

Hub Planner

Acquisition in 2022
Hub Planner is an online resource management tool designed to assist organizations in scheduling, planning, and managing resources, teams, and projects effectively. The software provides users with a comprehensive overview of resource allocation and activities, allowing for efficient planning and decision-making. Tailored to accommodate various industries, Hub Planner offers customizable features that enable users to adapt the platform to their specific needs. As a result, it has gained popularity among digital agencies that require robust project management solutions. The software consolidates resource scheduling, team management, project planning, and timesheet tracking into a single platform, enhancing visibility and control for project managers.

TimeXtender

Acquisition in 2022
TimeXtender is a data management software company that provides an automated platform designed to facilitate faster business decision-making. Founded in 2006 and privately owned, TimeXtender offers an integrated solution that allows organizations to build data lakes, warehouses, and marts more efficiently, using a no-code environment for automating processes such as data modeling, integration, extraction, cleansing, loading, and documentation. With over 3,000 customers, ranging from mid-sized enterprises to Fortune 500 companies, TimeXtender is recognized as a Microsoft Gold Certified Partner, delivering instant access to ready-to-analyze data that supports quality decision-making.

Moment Team (previously Cloudware)

Acquisition in 2021
Moment is the leading provider of operational systems for project-based businesses in the Nordics. Moment has experience with digital solutions for customers going back to the 1980's and today is being used by the majority of architects in Norway and Iceland. We count customers on the construction, advertising, engineering, consulting and IT industries across all Nordic countries. Our customers use our Software-as-a-Service solution for time registration, project planning, resource allocation, and invoicing.

Umbraco

Acquisition in 2021
Umbraco is a developer of an open-source content management system (CMS) designed for global content management websites. The company offers a cloud-based platform that allows users to run and manage multiple websites from a single application. With a focus on usability, Umbraco provides an intuitive content editing interface that enables clients to create and manage their digital content efficiently. This approach ensures that organizations can deliver a seamless and user-friendly digital experience to their audiences.

Bliksund

Acquisition in 2021
Bliksund is a company that specializes in distributing ICT solutions tailored for emergency services. It develops software products aimed at enhancing control, insight, and situational awareness during emergency situations. Among its offerings are a medical record portal for the secure storage of patient data and an electronic patient journal system designed for use by ambulance, rescue, and fire services. These solutions are intended to improve the privacy of patient information and facilitate efficient digital coordination in pre-hospital settings.

TimeEdit

Acquisition in 2020
TimeEdit AB is a Swedish company, founded in 1999 and headquartered in Gothenburg, that specializes in resource planning and management software primarily for educational institutions. The company provides a cloud-based comprehensive resource management suite that includes tools for planning, scheduling, room booking, and analytics. TimeEdit’s solutions are designed to optimize resource utilization, enhance staff satisfaction, and promote student success within universities, school districts, and individual schools. Its leading resource management system is tailored to meet the unique needs of the educational sector, facilitating effective management of resources and preferences.

MaintMaster Systems

Acquisition in 2020
MaintMaster Systems AB, established in 1995 and headquartered in Linköping, Sweden, specializes in developing and marketing a comprehensive Computerized Maintenance Management System (CMMS). This system helps businesses organize, plan, and streamline maintenance workflows, maximizing asset lifespan, minimizing downtime, and controlling costs. MaintMaster's offerings include a mobile CMMS application for real-time data recording and integration services to connect with existing systems such as accounts, stockroom, suppliers, and purchasing. The company operates under the name MaintMaster Systems AB, previously known as Aretics AB.

Trapets

Acquisition in 2020
Trapets AB is a Swedish company specializing in the development of compliance and surveillance solutions for the financial industry, focusing on anti-money laundering (AML), know-your-customer (KYC) processes, and market abuse prevention. Founded in 2000 and headquartered in Stockholm, with an office in London, Trapets offers a comprehensive suite of products under its InstantWatch platform. This platform includes modules for market surveillance, AML, fraud detection, and business intelligence, with key offerings such as InstantWatch Market for real-time monitoring of securities trading and InstantWatch CDD for customer onboarding and due diligence. Trapets' solutions are designed to help financial institutions comply with regulatory requirements while mitigating risks associated with financial crime. The company is recognized as a leader in Europe for securities market surveillance and AML solutions, providing both technology and expert consulting to enhance transaction surveillance and compliance processes.

Viedoc

Acquisition in 2019
Viedoc is a company that specializes in developing software to enhance the efficiency of clinical research, allowing for faster access to necessary treatments. Established in 2003, Viedoc focuses on creating engaging electronic data capture systems tailored for clinical trials and patient registries. These systems facilitate the collection and management of clinical trial data, enabling medical professionals to conduct studies more effectively and review data with greater efficiency. With a commitment to connecting researchers and patients, Viedoc has supported thousands of studies, gathering data from over a million patients across various sites and countries. The company's innovative solutions aim to bridge the gap between research and breakthroughs in healthcare, ultimately contributing to a healthier future.

Specops Software

Acquisition in 2019
Specops Software AB, established in 2001, is a global provider of security software solutions headquartered in Stockholm, Sweden. It specializes in enhancing Active Directory and Group Policy-based technology management, with a customer base spanning over 3000 clients across more than 50 countries. The company's product portfolio includes Specops uReset for password resets, Specops Gpupdate for OS deployment automation, and Specops Active Directory Janitor for network cleanup. These solutions aim to strengthen security by blocking weak passwords and securing user authentication, enabling businesses to maintain control over sensitive data stored on-premises.

Itello

Acquisition in 2017
Itello - specialist within pension, insurance, and fund administration for the Nordic countries. Using our broad industry knowledge and expertise in system development, Itello builds new generation software solutions for the pension, insurance, and fund industry. Itello's solutions for pensions, insurance, and fund administration are modern, platform independent, and standard. Inca - for policy administration Business Logic Integrator for integration of policy schemes from brokers etc EQS for automated health declarations and risk assement.

Outpost24

Acquisition in 2016
Outpost24 AB is a cybersecurity company that specializes in providing network security solutions to corporate and government clients, helping them manage security risks and comply with regulations. Established in 2001 and headquartered in Karlskrona, Sweden, Outpost24 offers a comprehensive range of services, including network and web application security, cloud and container security, and compliance scanning. The company also provides penetration testing, managed services, and technical support. Its security assessment platform enables organizations to identify and prioritize vulnerabilities and threats across various attack surfaces, including application security and access management. Outpost24 serves diverse sectors, such as automotive, finance, healthcare, education, and technology, with operations extending across Europe, the Middle East, Africa, Asia Pacific, North America, and South America.

Hypergene

Acquisition in 2016
Hypergene AB is a Swedish company founded in 1999 and based in Malmö, specializing in business intelligence and performance management solutions. The company offers a cloud-based platform that provides tools for planning, monitoring, and analysis aimed at enhancing decision-making processes. Its software encompasses three integrated modules: Performance Management, Budgeting & Forecasting, and Monitoring & Analysis. These user-friendly components enable organizations to set and achieve defined goals, thereby improving performance and operational efficiency. Through its comprehensive approach to analytics and reporting, Hypergene empowers clients to strengthen their competitiveness in the market.

Rillion

Private Equity Round in 2015
Rillion specializes in accounts payable automation software designed to simplify invoice processing, approvals, and B2B payments using artificial intelligence and advanced automation. Established with over three decades of experience, the company aims to minimize manual work and enhance financial control for mid-sized organizations across various departments and locations. Rillion's platform integrates with multiple ERPs and adheres to stringent security standards such as SOC 1 & 2, HIPAA, and GDPR, serving more than 3,000 companies in over 50 countries.

Rillion

Acquisition in 2015
Rillion specializes in accounts payable automation software designed to simplify invoice processing, approvals, and B2B payments using artificial intelligence and advanced automation. Established with over three decades of experience, the company aims to minimize manual work and enhance financial control for mid-sized organizations across various departments and locations. Rillion's platform integrates with multiple ERPs and adheres to stringent security standards such as SOC 1 & 2, HIPAA, and GDPR, serving more than 3,000 companies in over 50 countries.

Grade

Acquisition in 2015
Grade AB, based in Stockholm, Sweden, specializes in e-learning solutions and talent management software. The company offers a comprehensive platform that includes tools for learning management, talent management, and survey capabilities. Its software supports human resources and management teams by covering the entire employee journey, from applicant tracking to performance assessment and skill development. Through its offerings, Grade enables organizations to effectively manage and enhance their human capital.

Matilda FoodTech

Acquisition in 2015
Matilda FoodTech is a technology company that specializes in developing an Internet-based food production management software aimed at enhancing operational efficiency in restaurants and large-scale kitchens. Their platform, known as Mashie, is designed to minimize food waste by providing tools for complete dietary planning and management tailored for industrial food production. Users can easily access the software from any device without the need for installations, ensuring seamless operation and maintenance. The company prioritizes user experience and actively incorporates feedback into its product development, focusing on accessibility, quality, and customer satisfaction in the food service industry.

Lundalogik

Acquisition in 2014
At Lundalogik we love CRM! Since the beginning of the 90’s we have helped companies to reach better results with the help of easy-to-use CRM solutions. Today Lundalogik are over a hundred colleagues and one of the largest CRM suppliers in the Nordic countries. We are a part of the Bisnode Group. We really are a true Nordic CRM-expert with offices in Sweden, Norway and Finland. Our employees combine more than 380 years of CRM-expertise.

Axiomatics

Venture Round in 2013
Axiomatics is a developer of an attribute-based access control authorization platform that aims to tackle access challenges in enterprise applications and databases across on-premises, cloud, and hybrid infrastructures. The company's solution is designed to ensure that sensitive and regulated digital assets are shared only with authorized users and in appropriate contexts. Axiomatics' platform enables organizations to manage access according to specific corporate policies, dictating who can access information, the extent of that access, the timing of access, and the conditions under which it is granted. Its technology is relied upon by notable enterprises and government agencies worldwide, emphasizing its role in safeguarding critical corporate applications, data, and processes.

Projektportalen

Projektportalen is an operating system for the construction and service industry.
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