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

Founding and Managing Partner

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 focused on automating and personalizing aftersales customer interactions within the automotive industry. The company develops a platform that streamlines customer engagement for dealerships and workshops by providing automated aftersales outreach, reminders, and follow-ups. Additionally, AG Analytics offers sales and marketing tools designed to enhance customer interactions, improving efficiency and ultimately saving time and money for automotive businesses. By focusing on these areas, AG Analytics aims to elevate the overall customer experience in the automotive aftersales sector.

PLAYipp

Acquisition in 2023
Playipp is a cloud-based digital signage platform designed to enhance internal and external communication for organizations. It addresses common communication challenges by enabling teams to manage content efficiently and engage audiences through digital screens. With features such as drag-and-drop editing, smart scheduling, and a comprehensive template library, users can easily create and deploy dynamic content without requiring technical expertise. Playipp supports seamless integration with tools like Microsoft Teams and Google Workspace, allowing for automated content publishing. The platform offers role-based access control to empower multiple users while maintaining security and consistency. Additionally, Playipp provides built-in analytics to track engagement and screen performance, facilitating the optimization of communication strategies. It is utilized by various sectors, including healthcare, public services, and manufacturing. Prioritizing security, Playipp ensures encrypted communication and compliance with data privacy regulations. With dedicated customer support and training, Playipp aims to help communication teams maximize their impact with effective messaging across all screens.

Uniwise

Acquisition in 2023
UNIwise is focused on enhancing the examination and assessment processes within educational institutions through its digital platform, WISEflow. This platform allows users to create and manage interactive tests and tailor digital examinations to meet the specific needs of students. UNIwise's tools facilitate automated distribution and auto-validation, streamlining the assessment process for educators. With a strong background in the education sector, the UNIwise team possesses extensive knowledge of the administrative, academic, and pedagogical aspects of assessments, ensuring that the platform effectively addresses the challenges faced by teachers and institutions in exam creation and administration.

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 and planning time for projects and personnel. It provides users with a comprehensive view of resource allocation, allowing for effective planning and management. The software caters to various industries by offering customizable features that can be tailored to specific needs. Hub Planner addresses common resource planning challenges by integrating functionalities such as resource scheduling, team management, project planning, and timesheet tracking into a single platform. This makes it especially popular among digital agencies seeking to enhance project oversight and improve team visibility.

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 distributor of information and communication technology (ICT) solutions tailored for emergency services. The company develops software products that enhance control and situational awareness during emergencies. Among its offerings are a medical record portal for secure storage of patient data and an electronic patient journal system designed for use by ambulance, rescue, and fire services. These solutions aim to improve the privacy of patient information and facilitate efficient digital coordination in pre-hospital settings.

TimeEdit

Acquisition in 2020
TimeEdit AB, founded in 1999 and based in Gothenburg, Sweden, specializes in resource planning and scheduling software tailored for educational institutions. The company provides a cloud-based platform that encompasses a comprehensive suite of tools for resource management, including planning, scheduling, room booking, and analytics. TimeEdit's solutions aim to optimize resources, enhance staff satisfaction, and promote student success, making it a leading choice for universities, school districts, and individual schools.

MaintMaster Systems

Acquisition in 2020
MaintMaster Systems AB specializes in developing and marketing a Computerized Maintenance Management System (CMMS) aimed at organizing, planning, and streamlining maintenance workflows. This system is designed to optimize asset utilization, reduce downtime, control costs, and enhance maintenance efficiency. The company also provides a mobile CMMS application that enables users to record information in real-time. Additionally, MaintMaster offers integration services that connect existing systems, including accounting, stock management, supplier relations, and purchasing. Founded in 1995 and headquartered in Linköping, Sweden, MaintMaster Systems was 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 specializes in developing software that enhances the efficiency of clinical research, aiming to expedite the delivery of necessary treatments to patients. Founded in 2003, the company has created an electronic data capture system tailored for clinical trials and patient registries. This system supports medical practitioners by streamlining the management, review, and data collection processes associated with clinical studies. Viedoc's solutions have been implemented in thousands of studies, collecting data from over a million patients and facilitating seamless data flow across various sites and countries. The company's mission centers on fostering collaboration between researchers and patients, ultimately contributing to the advancement of life-changing medical research.

Specops Software

Acquisition in 2019
Specops Software AB is a software vendor specializing in password management and security solutions, founded in 2001 and headquartered in Stockholm, Sweden, with additional offices in Philadelphia, Toronto, and Nottingham. The company develops various tools aimed at enhancing Active Directory and Group Policy technologies, including Specops uReset for password resets, Specops Gpupdate for OS deployment, and Specops Active Directory Janitor for network cleanup. These solutions are designed to protect data by preventing weak passwords and ensuring secure user authentication, thereby allowing organizations to maintain control over sensitive data both on-premises and within cloud environments. Serving over 3,000 customers across more than 50 countries, Specops Software focuses on providing robust security measures to meet the evolving needs of businesses.

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 is a provider of Talent Management, Learning Management and e-learning.

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 offers an attribute-based access control authorization platform that helps enterprises and government agencies manage access to sensitive digital assets across on-premises, cloud, and hybrid infrastructures. The platform is designed to address challenges related to application and database access, ensuring that critical corporate applications, data, and processes are only accessed by authorized users under specific conditions. Axiomatics enables organizations to implement policies that determine not only who has access but also the extent of that access and the appropriate context for it. This flexible and open authorization solution allows clients to securely share valuable information while maintaining compliance with their corporate access policies.

Projektportalen

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